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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

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

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Industrial Engineering and Production Management
In the perpetual inventory control, the material is checked when it reaches its

Alarming value
Average value
Maximum value
Minimum value

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

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

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Industrial Engineering and Production Management
The break-even point represents

Time when industry will undergo loss
The time when company can make maximum profits
The most economical level of operation of any industry
The time when unit can run without any loss and profit

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Industrial Engineering and Production Management
Choose the wrong statement Time study is used to

Determine overhead expenses
Provide a basis for setting piece prices or incentive wages
Determine standard costs
Determine the capability of an operator to handle the number of machines

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Industrial Engineering and Production Management
The grouping of activities into organizational units is called

Departmentation
Higher level management
Corporate plans
Functional authority

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