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Industrial Engineering and Production Management

Industrial Engineering and Production Management
Work sampling observations are taken on the basis of

Table of random numbers
Past experience
Detailed calculations
Convenience

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Industrial Engineering and Production Management
The type of organisation preferred for a steel industry, is

Line organisation
Line, staff and functional organisation
Functional organisation
Line and staff organisation

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Industrial Engineering and Production Management
The time required to complete a job is established and a bonus is paid to the worker based on the exact % of time saved. This type of incentive plan is known as

Taylor Plan
Dry work Plan
Halsey Premium Plan
Rowan Plan

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Industrial Engineering and Production Management
Break-even analysis shows profit when

Sales revenue > total cost
Sales revenue < total cost
Sales revenue = total cost
Variable cost < fixed cost

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Industrial Engineering and Production Management
Indirect expenses include

All of these
Administrative expenses
Selling expenses
Factory expenses

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Industrial Engineering and Production Management
Critical path on PERT/CPM chart is obtained by joining the events having

Minimum slack
No slack
Average slack
Maximum slack

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