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Production Management and Industrial Engineering - Interview Questions and Answers

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106. The amount deducted from the salary of workers towards employees provident fund is
A. credited into reserves of company
B. deposited in nationalized bank
C. deposited in post office
D. deposited in the account of worker with employer or Reserve Bank of India
E. deposited in the account of worker with Provident Fund Commissioner.
Explanation:
107. 'Value' for value engineering and analysis purposes is defined as
A. purchase value
B. saleable value
C. depreciated value
D. present worth
E. function/cost.
Explanation:
108. Job enrichment technique is applied to
A. reduce labour monotony
B. overcome boring and demotivating work
C. make people happy
D. all of the above
E. none of the above.
Explanation:
109. Graphical method, simplex method, and transportation method are concerned with
A. break-even analysis
B. value analysis
C. linear programming
D. queuing theory
E. material handling.
Explanation:
110. Break-even analysis shows profit when
A. sales revenue > total cost
B. sales revenue = total cost
C. sales revenue < total cost
D. variable cost < fixed cost
E. none of the above.
Explanation:
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