Industrial Engineering and Production Management
Time study is used to

Determine standard costs
All of the these
Provide a basis for setting piece price or incentive wages
Determine the number of machines a person may run

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Industrial Engineering and Production Management
Activity slack or float of any event on a PERT/CPM chart is represented by

Latest start time of the event earliest start time of the event
Anyone of the above
Latest start time of succeeding event earliest finish time of preceding event activity time
Latest finish time of event earliest finish time of the event

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