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Industrial Engineering and Production Management

Industrial Engineering and Production Management
The two bin system is concerned with

Production planning
Forecasting sales
Ordering procedure
Despatching and expediting

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Industrial Engineering and Production Management
The amount deducted from the salary of workers towards employee’s provident fund is

Credited into reserves of company
Deposited in nationalized bank
Deposited in post office
Deposited in the account of worker with Provident Fund Commissioner

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Industrial Engineering and Production Management
Performance rating is equal to

None of these
Observed performance × normal performance
Observed performance + normal performance
Observed performance - normal performance

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Industrial Engineering and Production Management
For a small scale industry, the fixed cost per month is Rs. 5000. The variable cost per product is Rs. 20 and sales price is Rs. 30 per piece. The break even production per month will be

460
300
500
1000

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

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

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Industrial Engineering and Production Management
Which of the following organizations is best suited for steel plants

Staff organization
Functional organization
Line organization
Line, staff and functional organizations

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