Industrial Engineering and Production Management
The break-even point represents

Time when industry will undergo loss
The most economical level of operation of any industry
The time when unit can run without any loss and profit
The time when company can make maximum profits

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Industrial Engineering and Production Management
The critical path of a network represents

The minimum time required for completion of project
Minimum cost required for completion of project
The maximum time required for completion of project
Maximum cost required for completion of project

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Industrial Engineering and Production Management
Value engineering aims at finding out the

Major function of the item and accomplishing the same at least cost without change in quality
Break-even point when machine requires change
Depreciation value of a product
Resale value of a product

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