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The breakeven point represents

A. The most economical level of operation of any industry

B. The time when unit can run without i loss and profit

C. Time when industry will undergo loss

D. The time when company can make maximum profits

Correct Answer :

C. Time when industry will undergo loss


Related Questions

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PERT stands for

A. Programme Estimation and Reporting Technique

B. Process Estimation and Review Technique

C. Programme Evaluation and Review Technique

D. Planning Estimation and Resulting Technique

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PERT/CPM, techniques can be used for following applications

A. Once through project

B. Maintenance jobs

C. Research and development

D. All of the above

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A CPM family includes

A. CPA (Critical Path Analysis)

B. CPP (Critical Path Plotted)

C. CPS (Critical Path Scheduling)

D. All of the above

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Halsey plan of wage incentive

A. Is not applied to all level of workers

B. Is applied to all level of workers

C. Does not guarantee minimum wage

D. Is based upon efficiency of worker

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In A-B-C analysis, which class of items are generally large in number?

A. A

B. B

C. C

D. None of these

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According to MAPI formula, the old machine should be replaced by new one when (CAM = Challenger's Adverse minimum DAM = Defender's Adverse minimum)

A. CAM < DAM

B. CAM > DAM

C. CAM = DAM

D. There is no such criterion

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In value engineering, important consideration is given to

A. Customer satisfaction

B. Function concept

C. Profit maximisation

D. Cost reduction

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The assumption in PERT is

A. A project will always be behind schedule, if left uncorrected

B. Cost of project will always be more than the estimated cost, if no timely corrections are taken

C. A project can be subdivided into a set of predictable, independent activities

D. Activities are fixed and can't be changed

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In CPM, the cost slope is determined by

A. Crash cost/Normal Cost

B. (Crash Cost - Normal cost)/ (Normal time - Crash time)

C. Normal Cost/Crash cost

D. (Normal cost - Crash cost)/ (Normal time - Crash time)

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Work sampling is applied for

A. Estimation of the percentage utilisation of machine tools

B. Estimating the percentage of the time consumed by various job activities

C. Finding out time standards, specially where the job is not repetitive and where time study by stop watch method is not possible

D. All of the above

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The allowed time for a job equals standard time plus

A. Policy allowance

B. Interference allowance

C. Process allowance

D. Learning allowance

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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. A standard rating system

B. A merit rating system

C. A job evaluation system

D. His individual performance

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A-B-C analysis

A. Is a basic technique of materials management

B. Is meant for relative inventory control

C. Does not depend upon the unit cost of the item but on its annual consumption

D. All of the above

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The type of layout used for manufacturing steam turbines, is

A. Product layout

B. Process layout

C. Fixed position layout

D. Any one of these

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Works cost implies

A. Primary cost

B. Factory cost

C. Factory expenses

D. Primary cost + factory expenses

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Routing is essential in the following type of industry

A. Assembly industry

B. Process industry

C. Job order industry

D. Mass production industry

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Discrepancies of bar chart techniques are

A. Consequential effects of lack in one activity on the finish date

B. Free time available for an activity can't be predicted

C. Effective monitoring/controlling can't be done

D. All of the above

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What does symbol 'V' employ in work study

A. Operation

B. Inspection

C. Delay/ temporary Storage

D. Permanent storage

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Scheduling gives information about

A. When work should start and how much work should be completed during a certain period

B. When work should complete

C. That how idle time can be minimized

D. Proper utilisation of machines

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'Value' for value engineering and analysis purposes is defined as

A. Purchase value

B. Saleable value

C. Depreciated value

D. Function/cost

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The basic difference between PERT and CPM is that

A. PERT deals with events and CPM with activities

B. Critical path is determined in PERT only

C. Costs are considered on CPM only and not in PERT

D. Guessed times are used in PERT and evaluated times in CPM

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The simplex method is the basic method for

A. Value analysis

B. Operation research

C. Linear programming

D. Model analysis

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The factors which are to be considered while developing a good wage incentive plan will include

A. Adequate incentive

B. Ease of administration

C. Guaranteed basic pay

D. All of these

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At the breakeven point,

A. Total cost is more than the sales revenue

B. Total cost is less than the sales revenue

C. Total cost is equal to sales revenue

D. Fixed cost is equal to variable cost

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A graphical device used to determine the breakeven point and profit potential under varying conditions of output and costs, is known as

A. Gantt chart

B. Flow chart

C. Breakeven chart

D. PERT chart

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Which one of the following represents a group incentive plan?

A. Scanlon Plan

B. Rowan Plan

C. Taylor Differential Piece Rate System

D. Halsey Premium Plan

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Under the Apprenticeship Act

A. All industries have to necessarily train the apprentices

B. Industries have to train apprentices according to their requirement

C. All industries employing more than 100 workers have to recruit apprentices

D. Only industries employing more than 500 workers have to recruit apprentices

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Time study is carried out to determine the time required to complete job by

A. A slow worker

B. A fast worker

C. An average worker

D. An apprentice

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Time study is carried out

A. By finding all the significant informations regarding the job, work place and machine tool etc.

B. By breaking up each operation into small elements which are measurable with the help of the measuring device accurately

C. By observing and recording the time taken by the operator for an operation

D. All of the above

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The time by which the activity completion time can be delayed without affecting the start of succeeding activities, is known as

A. Duration

B. Total float

C. Free float

D. Interfering float