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Industrial Engineering and Production Management

Industrial Engineering and Production Management
M.T.M. is used to

Improve existing methods
All of these
Establish time standards
Develop effective methods in advance of the beginning of production

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Industrial Engineering and Production Management
In PERT analysis, critical path is obtained by joining events having

Dummy activities
-ve slack
Zero slack
+ve slack

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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

50
25
75
100

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Industrial Engineering and Production Management
Discrepancies of bar chart techniques are

Effective monitoring/controlling can't be done
Free time available for an activity can't be predicted
Consequential effects of lack in one activity on the finish date
All of these

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Industrial Engineering and Production Management
At the break-even point,

Fixed cost is equal to variable cost
Total cost is more than the sales revenue
Total cost is equal to sales revenue
Total cost is less than the sales revenue

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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

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

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