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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
The term 'value' in value engineering refers to

Manufactured cost of the product
Selling price of the product
Total cost of the product
Utility of the product

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Industrial Engineering and Production Management
The two bin system is concerned with

Production planning
Despatching and expediting
Forecasting sales
Ordering procedure

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Industrial Engineering and Production Management
The type of organisation preferred for a steel industry, is

Line organisation
Functional organisation
Line and staff organisation
Line, staff and functional organisation

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Industrial Engineering and Production Management
Two alternatives can produce a product. First have a fixed cost of Rs. 2000 and a variable cost of Rs. 20 per piece. The second method has a fixed cost of Rs. 1500 and a variable cost of Rs. 30. The break even quantity between the two alternatives is

75
50
25
100

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Industrial Engineering and Production Management
The interchangeability can be achieved by

Better product planning
Better process planning
Standardization
Bonus plan

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