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Industrial Engineering and Production Management

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

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

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Industrial Engineering and Production Management
Work study is most useful

Where production activities are involved
In improving industrial relations
In judging the output of a man and improving it
In judging the rating of machines

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Industrial Engineering and Production Management
In value engineering, important consideration is given to

Customer satisfaction
Function concept
Profit maximization
Cost reduction

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Industrial Engineering and Production Management
Standard time as compared to normal time is

Equal
Greater
There is no such correlation
Smaller

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Industrial Engineering and Production Management
The most important function of inventory control is

Stock control system
All of these
To run the stores effectively
Technical responsibility for the state of materials

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Industrial Engineering and Production Management
Break-even point is the point where

Sales revenue and total expensive lines intersect
Fixed and variable cost lines intersect
Variable and total cost lines intersect
Fixed and total cost lines intersect

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