Break-even analysis shows profit when
Sales revenue > total cost
Sales revenue = total cost
Sales revenue < total cost
Variable cost < fixed cost
Correct Answer :
A. Sales revenue > total cost
Related Questions
The value engineering technique in which experts of the same rank assemble for product development is called
Delphi
Brain storming
Morphological analysis
Direct expert comparison
Which one of the following techniques is used for determining allowances in time study?
Acceptance sampling
Linear regression
Performance rating
Work sampling
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
The objective of time study is to determine the time required to complete a job by
Fast worker
Average worker
Slow worker
New entrant
Military organisation is known as
Line organisation
Line and staff organisation
Functional organisation
All of the above
Actual performance of a task is called
An event
An activity
A duration
None of these
M.T.M. is used to
Improve existing methods
Establish time standards
Develop effective methods in advance of the beginning of production
All of the above
Queuing theory is associated with
Sales
Inspection time
Waiting time
Production time
In value engineering, important consideration is given to
Customer satisfaction
Function concept
Profit maximisation
Cost reduction
A systematic job improvement sequence will consist of
Motion study
Time study
Job enrichment
All of these
Fixed position layout is also known as
Analytical layout
Synthetic layout
Static product layout
None of these
In steel plant the most important system for materials handling is
Conveyors
Cranes and hoists
Trucks
Locos
Gantt chart gives information about
Scheduling and routing
Sales
Production schedule
Machine utilisation
Which of the following statement is correct?
A-B-C analysis is based on Pareto's principle
Simulation can be used for inventory control
Economic order quantity formula ignores variations in demand pattern
All of the above
In order that linear programming techniques provide valid results
Relations between factors must be linear (positive)
Relations between factors must be linear (negative)
Either (A) or (B)
Only one factor should change at a time, others remaining constant
The interchangeability can be achieved by
Standardisation
Better process planning
Bonus plan
Better product planning
In inventory control, the economic order quantity is the
Optimum lot size
Highest level of inventory
Lot corresponding to breakeven point
Capability of a plant to produce
In the Emerson efficiency plan, a worker receives only his daily wage and no bonus is paid till his efficiency reaches
50 %
66.67 %
75 %
80 %
A diagram showing the path followed by men and materials while performing a task is known as
String diagram
Flow process chart
Travel chart
Flow diagram
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
Break-even analysis shows profit when
Sales revenue > total cost
Sales revenue = total cost
Sales revenue < total cost
Variable cost < fixed cost
Which one of the following represents a group incentive plan?
Halsey Premium Plan
Lincoln Plan
Rowan Plan
Taylor Plan
Value engineering aims at finding out the
Depreciation value of a product
Resale value of a product
Major function of the item and accomplishing the same at least cost without change in quality
Breakeven point when machine requires change
According to MAPI formula, the old machine should be replaced by new one when (CAM = Challenger's Adverse minimum DAM = Defender's Adverse minimum)
CAM < DAM
CAM > DAM
CAM = DAM
There is no such criterion
PERT requires
Single time estimate
Double time estimate
Triple time estimate
None of these
The mathematical technique for finding the best use of limited resources in an optimum manner is known as
Operation research
Linear programming
Network analysis
Breakeven analysis
Line organisation is suitable for
Sugar industries
Oil refining industries
Spinning and weaving industries
All of these
An optimum project schedule implies
Optimum utilization of men, machines and materials
Lowest possible cost and shortest possible time for project
Timely execution of project
To produce best results under given constraints
According to Rowan 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
Standard time is defined as
Normal time + allowances
Normal time + idle time + allowances
Normal time + idle time
Only normal time for an operation