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Industrial Engineering and Production Management

Industrial Engineering and Production Management
The probability distribution of project completion in PERT follows following distribution

Exponential
Gaussian
Normal
Binomial

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Industrial Engineering and Production Management
Actual performance of a task is called

None of these
An activity
An event
A duration

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Industrial Engineering and Production Management
What does symbol 'O' imply in work study?

Transport
Operation
Inspection
Delay/temporary storage

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Industrial Engineering and Production Management
A device used for lifting or lowering objects suspended from a hook at the end of retractable chains or cable is called

Jib crane
Hoist
Chain conveyor
Portable elevator

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Industrial Engineering and Production Management
At the break-even point,

Fixed cost is equal to variable cost
Total cost is less than the sales revenue
Total cost is equal to sales revenue
Total cost is more than the sales revenue

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Industrial Engineering and Production Management
Inventory control in production, planning and control aims at

Ensuring against market fluctuations
Achieving optimization
Discounts allowed in bulk purchase
Acceptable customer service at low capital investment in inventory

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