Break-even analysis shows profit when
A. Sales revenue > total cost
B. Sales revenue = total cost
C. Sales revenue < total cost
D. Variable cost < fixed cost
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PERT analysis is based upon
A. Optimistic time
B. Pessimistic time
C. Most likely time
D. All of these
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Pessimistic time is
A. The maximum time which an activity might require
B. The average time required for a job
C. The most probable time considering all conditions
D. The minimum time in which an activity can possibly be accomplished
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The appellate authority for an industrial dispute is
A. Management
B. Labour court
C. High court/supreme court
D. Board of directors
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Choose the wrong statement. Motion study is used for
A. Improving a work method
B. Improvising a work method
C. Designing a work method
D. Reducing inventory costs
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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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Value engineering aims at finding out the
A. Depreciation value of a product
B. Resale value of a product
C. Major function of the item and accomplishing the same at least cost without change in quality
D. Break-even point when machine requires change
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Process layout is employed for
A. Batch production
B. Continuous type of product
C. Effective utilization of machines
D. All of the above
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Product layout is employed for
A. Batch production
B. Continuous production
C. Effective utilization of machine
D. All of the above
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Bar chart is suitable for
A. Large project
B. Major work
C. Minor work
D. All of these
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Abbreviated work factor data is applied for
A. Material handling operation
B. Maintenance operation
C. Packing and shipping operation
D. All of these
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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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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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A PERT network has three activities on critical path with mean time 3, 8 and 6 and standard deviations 1, 2 and 2 respectively. The probability that the project will be completed in 20 days is
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The type of organisation preferred for a steel industry, is
A. Line organisation
B. Functional organisation
C. Line and staff organisation
D. Line, staff and functional organisation
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The bonus increases in proportion to the increase in efficiency. This statement applies to
A. Halsey plan
B. Gantt plan
C. Emerson's efficiency plan
D. Rowan plan
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Critical path on PERT/CPM chart is obtained by joining the events having
A. Maximum slack
B. Minimum slack
C. Average slack
D. No slack
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Critical path method
A. Helps in ascertaining time schedules
B. Makes better and detailed planning possible
C. Provides a standard method for communicating project plans schedules and to time and cost performance
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
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The standard time for a job is
A. Total work content
B. Base time + relaxation time
C. Total work content + basic time
D. Total work content + delay contingency allowance
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