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Industrial Engineering and Production Management

Industrial Engineering and Production Management
The production cost per unit can be reduced by

Eliminating idle time
Producing more with increased inputs
Producing more with the same inputs
Minimizing resource waste

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Industrial Engineering and Production Management
The term 'value' in value engineering refers to

Utility of the product
Total cost of the product
Manufactured cost of the product
Selling price of the product

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

Profit maximization
Cost reduction
Customer satisfaction
Function concept

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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

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

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Industrial Engineering and Production Management
Work study comprises following main techniques

Method study and job evaluation
Method study and work measurement
Time study and work measurement
Method study and time study

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Industrial Engineering and Production Management
PERT is applied for

Marketing programmes and advertising programmes
All of these
Research and development of products
Installation of machinery

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MORE MCQ ON Industrial Engineering and Production Management

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