A graphical device used to determine the breakeven point and profit potential under varying conditions of output and costs, is known as
Gantt chart
Flow chart
Breakeven chart
PERT chart
Correct Answer :
C. Breakeven chart
Related Questions
If (R) is the base rate guaranteed per hour, (S) is the standard time for the job and (T) is the actual time, then according to Halsey 50-50 plan, wages for the job will be
TR
TR + [(S - T)/2] × R
TR + (S - T) × R
TR + [(S - T)/S] × R
The technique for establishing and maintaining priorities among the various jobs of any project is known as
Event flow scheduling technique
Critical ratio scheduling
Slotting technique for scheduling
Short interval scheduling
In Emerson's efficiency plan of wage incentive system, bonus is paid to a worker
Whose output exceeds 67% efficiency
On the percentage of time saved
On the percentage of time worked
On the percentage of standard time
A feasible solution to the linear programming problem should
Satisfy the problem constraints
Optimise the objective function
Satisfy the problem constraints and non-negativity restrictions
Satisfy the non-negativity restrictions
Pick up the incorrect statement from the following
An activity of the project is denoted by an arrow on the net work
The tail of the arrow indicates the start of the activity
The head of the arrow indicates the end of the activity
The arrows are drawn (to scale from) left to right
Breakeven analysis is a
Short term analysis
Long term analysis
Average of short and long term analysis
Any one of these
An event is indicated on the network by
A straight line
A number enclosed in a circle or a square
A straight line with circles at the ends
A dotted line
Positive slack on a PERT indicates that project is
Ahead of schedule
Beyond schedule
As per schedule
On critical path
The basic difference between PERT and CPM is that
PERT deals with events and CPM with activities
Critical path is determined in PERT only
Costs are considered on CPM only and not in PERT
Guessed times are used in PERT and evaluated times in CPM
PERT/CPM, techniques can be used for following applications
Once through project
Maintenance jobs
Research and development
All of the above
Both Rowan plan and 50-50 Halsey plan will provide the same earning when the actual time is _________ the standard time.
One-fourth
One-half
Equal to
Twice
In a PERT chart
All activities should be numbered
Only important activities should be numbered
Only critical activities are numbered
Only selected activities are numbered
Critical path on PERT/CPM chart is obtained by joining the events having
Maximum slack
Minimum slack
Average slack
No slack
Product layout is used for
Job production
Batch production
Mass production
Any one of these
Job enrichment technique is applied to
Reduce labour monotony
Overcome boring and de-motivating work
Make people happy
All of the above
Basic motion time study gives times for basic motions in ten thousandths of
Second
Minute
Hour
Day
Work sampling observations are taken on the basis of
Detailed calculations
Convenience
Table of random numbers
Past experience
The most suitable incentive plan for the maintenance section of an industry will be
Piece rate system
Group incentive plan
Profit sharing plans
Simplification
The interchangeability can be achieved by
Standardisation
Better process planning
Bonus plan
Better product planning
String diagram is used
For checking the relative values of various layouts
When a group of workers are working at a place
Where processes require the operator to be moved from one place to another
All of the above
The wastage of material in the store is taken into account by the following method in the evaluation of the material issued from the store
Inflated system
Primary cost method
Current value method
Fixed price method
The technique of value analysis can be applied to
Complicated items only
Simple items only
Crash programmer items only
Any item
Time study is carried out to determine the time required to complete job by
A slow worker
A fast worker
An average worker
An apprentice
The reasons which are basically responsible for the formation of a queue should be that
The average service rate Hess than the average arrival rate
Output rate is linearly proportional to input
Output rate is constant and the input varies in a random manner
All of the above
Break-even analysis shows profit when
Sales revenue > total cost
Sales revenue = total cost
Sales revenue < total cost
Variable cost < fixed cost
Choose the wrong statement Time study is used to
Determine overhead expenses
Provide a basis for setting piece prices or incentive wages
Determine standard costs
Determine the capability of an operator to handle the number of machines
Which of the following is independent of sales forecast?
Productivity
Inventory control
Production planning
Production control
Dispatching
Prescribes the sequence of operations to be followed
Determines the programme for the operations
Is concerned with the starting of processes
Regulates the progress of job through various processes
The type of layout used for manufacturing steam turbines, is
Product layout
Process layout
Fixed position layout
Any one of these
Halsey plan of wage incentive
Is not applied to all level of workers
Is applied to all level of workers
Does not guarantee minimum wage
Is based upon efficiency of worker