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Industrial Engineering and Production Management

Industrial Engineering and Production Management
The employees provident fund act is applicable to

The industries notified by Government
Volunteers
All industries other than small and medium industries
All industries

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Industrial Engineering and Production Management
The aim of value engineering is to

Determine the selling price of a product
Find the depreciation value of a machine
All of these
Minimize the cost without change in quality of the product

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Industrial Engineering and Production Management
ABC analysis deals with

Analysis of process chart
Flow of material
Ordering schedule of job
Controlling inventory costs money

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Industrial Engineering and Production Management
In Lincoln plan (one type of group incentive plan), the amount of the profit which an employee receives in addition to the guaranteed basic pay/wages, is based on:

A merit rating system
A standard rating system
A job evaluation system
His individual performance

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Industrial Engineering and Production Management
'O' on a PERT/CPM chart represents

An ordinary event
An event to be transferred to other network chart
A significant event representing some milestone
Dangling event

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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
All of these
Sales turn over
Lowest competitive price

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