Industrial Engineering and Production Management
Pick up the incorrect statement from the following. A critical ratio scheduling

Determines the status of each activity
All of the these
Establishes the relative priorities among various activities on a common basis
Adjusts automatically changes in activity progress

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Industrial Engineering and Production Management
Value engineering aims at finding out the

Major function of the item and accomplishing the same at least cost without change in quality
Resale value of a product
Break-even point when machine requires change
Depreciation value of a product

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