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Industrial Engineering and Production Management

Industrial Engineering and Production Management
A company spends considerable amount on publicity to promote sales. This expenditure in break even chart is shown below the

Fixed cost line
Sales revenue line
Variable cost line
Total cost line

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Industrial Engineering and Production Management
Monte Carlo solutions in queuing theory are extremely useful in queuing problems

To verify mathematical results
That can't be analysed mathematically
Involving multistage queuing
All of the these

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Industrial Engineering and Production Management
In Lincoln plan (one type of group incentive plan), the amount of the profit which an employee receives in addition to the guaranteed basic pay/wages, is based on:

His individual performance
A merit rating system
A standard rating system
A job evaluation system

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Industrial Engineering and Production Management
Gantt charts provide information about

Determining selling price
Material handling layout
Production schedule
Break-even point analysis

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Industrial Engineering and Production Management
Gantt charts are used for

Production schedule
Forecasting sales
Scheduling and routing
Linear programming

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Industrial Engineering and Production Management
The start or completion of task is called

An event
None of these
A duration
An activity

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