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Industrial Engineering and Production Management

Industrial Engineering and Production Management
Service time in queuing theory is usually assumed to follow

Erlang distribution
Poisson’s distribution
Normal distribution
Exponential law

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Industrial Engineering and Production Management
The interchangeability can be achieved by

Better product planning
Standardization
Bonus plan
Better process planning

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Industrial Engineering and Production Management
M.T.M. is used to

Establish time standards
Develop effective methods in advance of the beginning of production
All of these
Improve existing methods

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Industrial Engineering and Production Management
In the cost structure of a product, the selling price is determined by the factors such as

Various elements of the cost
Sales turn over
All of these
Lowest competitive price

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Industrial Engineering and Production Management
A graphical device used to determine the break-even point and profit potential under varying conditions of output and costs, is known as

PERT chart
Gantt chart
Flow chart
Break-even chart

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Industrial Engineering and Production Management
Current assets include

Manufacturing plant
Manufacturing plant and equipment
Inventories
Common stock held by the firm

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MORE MCQ ON Industrial Engineering and Production Management

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