Industrial Engineering and Production Management One of the basic essentials of an incentive plan is that All standards should be based on time studies Provide incentive to group efficiency performance Minimum wages should be guaranteed A differential piece rate system should exist All standards should be based on time studies Provide incentive to group efficiency performance Minimum wages should be guaranteed A differential piece rate system should exist ANSWER DOWNLOAD EXAMIANS APP
Industrial Engineering and Production Management Basic tool in work study is Process chart Planning chart Stop watch Process chart Planning chart Stop watch ANSWER DOWNLOAD EXAMIANS APP
Industrial Engineering and Production Management If ‘F’ is the fixed cost, ‘V’ is the variable cost per unit (or total variable costs) and ‘P’ is the selling price of each unit (or total sales value), then break-even point is equal to F/[1 - (V/P)] (F × P)/V F/[1 + (V/P)] (F × V)/P F/[1 - (V/P)] (F × P)/V F/[1 + (V/P)] (F × V)/P ANSWER DOWNLOAD EXAMIANS APP
Industrial Engineering and Production Management A milestone chart Points outgoing ahead of schedule of jobs, if any None of the these Shows the inter dependences of various jobs Depicts the delay of jobs, if any Points outgoing ahead of schedule of jobs, if any None of the these Shows the inter dependences of various jobs Depicts the delay of jobs, if any ANSWER DOWNLOAD EXAMIANS APP
Industrial Engineering and Production Management In Emerson's efficiency plan of wage incentive system, bonus is paid to a worker On the percentage of standard time On the percentage of time saved Whose output exceeds 67% efficiency On the percentage of time worked On the percentage of standard time On the percentage of time saved Whose output exceeds 67% efficiency On the percentage of time worked ANSWER DOWNLOAD EXAMIANS APP
Industrial Engineering and Production Management Pick up the correct step used for scheduling a project by C.P.M. All of these Required time for each activity is established A project is divided into various activities Sequence of various activities is made according to their importance All of these Required time for each activity is established A project is divided into various activities Sequence of various activities is made according to their importance ANSWER DOWNLOAD EXAMIANS APP
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