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Industrial Engineering and Production Management

Industrial Engineering and Production Management
Break-even analysis shows profit when

Sales revenue = total cost
Variable cost < fixed cost
Sales revenue > total cost
Sales revenue < total cost

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Industrial Engineering and Production Management
According to Rowan plan of wage incentive system, bonus is paid to a worker

Whose output exceeds 67% efficiency
On the percentage of time worked
On the percentage of time saved
On the percentage of standard time

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

Duration
Total float
Free float
Interfering float

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Industrial Engineering and Production Management
Which of the following depreciation system ensures that the interest be charged on the cost of machine asset every year on the book value, but the rate of depreciation every year remains constant

Annuity charging method
Sinking fund method
ABC charging method
Straight line method

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Industrial Engineering and Production Management
A graphical device used to determine the break-even point and profit potential under varying conditions of output and costs, is known as

PERT chart
Break-even chart
Flow chart
Gantt chart

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Industrial Engineering and Production Management
Critical path on PERT/CPM chart is obtained by joining the events having

No slack
Average slack
Maximum slack
Minimum slack

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