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Industrial Engineering and Production Management

Industrial Engineering and Production Management
Performance rating is equal to

None of these
Observed performance × normal performance
Observed performance - normal performance
Observed performance + normal performance

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Industrial Engineering and Production Management
CPM is the

Target oriented technique
Event oriented technique
Activity oriented technique
Time oriented technique

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Industrial Engineering and Production Management
In break even analysis, total cost consists of

Fixed cost + variable cost
Variable cost + sales revenue
Fixed cost + variable cost + profit

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Industrial Engineering and Production Management
Frederick W. Taylor introduced a system of working known as

Line organisation
Line and staff organisation
Effective organisation
Functional organisation

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Industrial Engineering and Production Management
An optimum project schedule implies

Timely execution of project
To produce best results under given constraints
Lowest possible cost and shortest possible time for project
Optimum utilization of men, machines and materials

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Industrial Engineering and Production Management
Valve analysis is particularly of interest when

Only few components are involved
Costly equipment is used
Jobbing work economics are involved
Production is on large scale

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