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QUESTIONS

Industrial Engineering and Production Management
PERT requires

Triple time estimate
Single time estimate
None of the listed here
Double time estimate

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Industrial Engineering and Production Management
The factors which are to be considered while developing a good wage incentive plan will include

Guaranteed basic pay
Ease of administration
All of the listed here
Adequate incentive

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Industrial Engineering and Production Management
If ‘F’ is the fixed cost, ‘V’ is the variable cost per unit (or total variable costs) and ‘P’ is the selling price of each unit (or total sales value), then break-even point is equal to

F/[1 + (V/P)]
F/[1 - (V/P)]
(F × P)/V
(F × V)/P

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Industrial Engineering and Production Management
The disadvantage of product layout is

High initial investment for the specialized facilities
High cost of inspection
Production time is longer, requiring more goods in inventory
Skilled labour to operate machines

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Industrial Engineering and Production Management
The amount deducted from the salary of workers towards employee’s provident fund is

Credited into reserves of company
Deposited in the account of worker with Provident Fund Commissioner
Deposited in post office
Deposited in nationalized bank

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