Breakeven point is the point where
Fixed and variable cost lines intersect
Fixed and total cost lines intersect
Variable and total cost lines intersect
Sales revenue and total expensive lines intersect
Correct Answer :
D. Sales revenue and total expensive lines intersect
Related Questions
CPM is
Synthesising in concepts
Is built of activities oriented programmes
Is used for repetitive works
All of the above
In Lincoln plan (one type of group incentive plan), the amount of the profit which an employee receives in addition to the guaranteed basic pay/wages, is based on:
A standard rating system
A merit rating system
A job evaluation system
His individual performance
P.M.T.S. (Predetermined Motion Time Systems) include
M.T.M. (Method Time Measurement)
W.F.S. (Work Factor Systems)
B.M.T.S. (Basic Motion Time Study)
All of these
In a functional organisation
Quality of work is better
Wastage of material is minimum
Specialised knowledge and guidance to individual worker is provided
All of the above
Critical path on PERT/CPM chart is obtained by joining the events having
Maximum slack
Minimum slack
Average slack
No slack
Pick up the correct statement. Dummy activity on a PERT/CPM chart means, it
Consumes time, but no resources
Consumes resources but no time
Consumes neither time nor resources
Is a dangling event
PERT has following time estimate
One time estimate
Two time estimate
Three time estimate
Four time estimate
PERT
Provides an approach for keeping planning up-to-date
Provides a way for management to require that planning be done on a uniform and logical basis
Permits management to foresee quickly the impact of variations from the plan
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
Bar chart is suitable for
Large project
Major work
Minor work
All of these
The average time recorded by work study man for an operation is called
Standard time
Normal time
Representative time
None of these
Time study is carried out
By finding all the significant informations regarding the job, work place and machine tool etc.
By breaking up each operation into small elements which are measurable with the help of the measuring device accurately
By observing and recording the time taken by the operator for an operation
All of the above
PERT stands for
Programme Estimation and Reporting Technique
Process Estimation and Review Technique
Programme Evaluation and Review Technique
Planning Estimation and Resulting Technique
The most important objective behind plant layout is
Overall simplification, safety of integration
Economy in space
Maximum travel time in plant
To provide conveniently located shops
Inventory management consists of
Effective running of stores
State of merchandise methods of storing and maintenance etc.
Stock control system
All of the above
In CPM, the cost slope is determined by
Crash cost/Normal Cost
(Crash Cost - Normal cost)/ (Normal time - Crash time)
Normal Cost/Crash cost
(Normal cost - Crash cost)/ (Normal time - Crash time)
Routing is essential in the following type of industry
Assembly industry
Process industry
Job order industry
Mass production industry
In A-B-C analysis, which class of items are generally large in number?
A
B
C
None of these
The probabilistic time is given by (where to = Optimistic time, tp = Pessimistic time, and tn = Most likely time)
(to + tp + tn)/3
(to + 2tp + tn)/4
(to + 4tp + tn)/5
(to + tp + 4tn)/6
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
CPM is the
Time oriented technique
Event oriented technique
Activity oriented technique
Target oriented technique
Travel charts are used to
Analyse material handling
Determine inventory control difficulties
Plan material handling procedure and routes
All of the above
The probability distribution of activity times in PERT follows following distribution
Normal
Binomial
Beta
Exponential
Standard time as compared to normal time is
Greater
Smaller
Equal
There is no such correlation
Monte Carlo solutions in queuing theory are extremely useful in queuing problems
That can't be analysed mathematically
Involving multistage queuing
To verify mathematical results
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
Job enrichment technique is applied to
Reduce labour monotony
Overcome boring and de-motivating work
Make people happy
All of the above
Two alternatives can produce a product. First have a fixed cost of Rs. 2000 and a variable cost of Rs. 20 per piece. The second method has a fixed cost of Rs. 1500 and a variable cost of Rs. 30. The break even quantity between the two alternatives is
25
50
75
100
The type of organisation preferred for an automobile industry, is
Line organisation
Functional organisation
Line and staff organisation
Line, staff and functional organisation
For a product layout the material handling equipment must
Have full flexibility
Employ conveyor belts, trucks, tractors etc.
Be a general purpose type
Be designed as special purpose for a particular application