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Industrial Engineering and Production Management

Industrial Engineering and Production Management
Two alternatives can produce a product. First have a fixed cost of Rs. 2000 and a variable cost of Rs. 20 per piece. The second method has a fixed cost of Rs. 1500 and a variable cost of Rs. 30. The break even quantity between the two alternatives is

100
75
50
25

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Industrial Engineering and Production Management
Father of industrial engineering is

Frederick Taylor
Isaac Newton
Henry Laurence Gantt
Jack Gilbert

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Industrial Engineering and Production Management
Standing orders which are statutory are applicable to

All industries employing more than 100 workers
All process industries and thermal power plants
Only major industries
All industries

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

Inspection
Delay/temporary storage
Permanent storage
Transport

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Industrial Engineering and Production Management
The most suitable incentive plan for the maintenance section of an industry will be

Group incentive plan
Simplification
Piece rate system
Profit sharing plans

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Industrial Engineering and Production Management
'Value' for value engineering and analysis purposes is defined as

Depreciated value
Purchase value
Saleable value
Function/cost

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