Breakeven analysis is a
Short term analysis
Long term analysis
Average of short and long term analysis
Any one of these
Correct Answer :
A. Short term analysis
Related Questions
Break-even analysis shows profit when
Sales revenue > total cost
Sales revenue = total cost
Sales revenue < total cost
Variable cost < fixed cost
Acceptance sampling is used in
Job production
Batch production
Mass production
All of these
The type of organisation preferred for a steel industry, is
Line organisation
Functional organisation
Line and staff organisation
Line, staff and functional organisation
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
The production cost per unit can be reduced by
Producing more with increased inputs
Producing more with the same inputs
Eliminating idle time
Minimising resource waste
In A-B-C analysis, which class of items are generally large in number?
A
B
C
None of these
What does symbol 'O' imply in work study?
Operation
Inspection
Transport
Delay/temporary storage
Critical path moves along the activities having total float of
Positive value
Negative value
Zero value
Same value
Merit rating is the method of determining the
Relative values of a job
Workers performance on a job
Worth of a machine
Value of overall production
Which of the following are the principles of material handling?
Keep all the handling to the minimum
Select only efficient handling equipment
Move the heaviest weight to the least distance
All of the above
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
Which of the following charts are used for plant layout design?
Operation process chart
Man machine chart
Travel chart
All of these
What does symbol 'V' employ in work study
Operation
Inspection
Delay/ temporary Storage
Permanent storage
The two bin system is concerned with
Ordering procedure
Forecasting sales
Production planning
Despatching and expediting
Critical path on PERT/CPM chart is obtained by joining the events having
Maximum slack
Minimum slack
Average slack
No slack
Inventory management consists of
Effective running of stores
State of merchandise methods of storing and maintenance etc.
Stock control system
All of the above
The production scheduling is simpler and high volume of output and high labour efficiency are achieved in the case of
Product layout
Process layout
Fixed position layout
A combination of line and process layout
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
Gantt charts provide information about
Breakeven point analysis
Production schedule
Material handling layout
Determining selling price
In steel plant the most important system for materials handling is
Conveyors
Cranes and hoists
Trucks
Locos
Which one of the following chart gives simultaneously information about the progress of work and machine loading?
Process chart
Machine load chart
Man-machine chart
Gantt chart
Material handling in automobile industry is done by
Overhead crane
Trolley
Belt conveyor
All of the above
Product layout is best suited where
One type of product is produced
Product is standardised
Product is manufactured in large quantities
All of the above
Works cost implies
Primary cost
Factory cost
Factory expenses
Primary cost + factory expenses
The grouping of activities into organisational units is called
Corporate plans
Higher level management
Functional authority
Departmentation
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
Tick the odd man out
Taylor
Drucker
McGregor
Galileo
Work study is concerned with
Improving present method and finding standard time
Motivation of workers
Improving production capability
Improving production planning and control
One of the basic essentials of an incentive plan is that
A differential piece rate system should exist
Minimum wages should be guaranteed
Provide incentive to group efficiency performance
All standards should be based on time studies
Scheduling
Prescribes the sequence of operations to be followed
Determines the programme for the operations
Is concerned with starting of processes
Regulates the progress of job through various processes