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 company can make maximum profits
The time when unit can run without any loss and profit

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Industrial Engineering and Production Management
Which of the following statement is correct about the network diagram?

The events are represented graphically by circles or nodes at the beginning and the end of activity by arrows.
All of the these
The head of the arrow represents the end of an activity.
The tail end of the arrow represents the start of an activity.

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Industrial Engineering and Production Management
PERT

All of the listed here
Provides a way for management to require that planning be done on a uniform and logical basis
Provides an approach for keeping planning up-to-date
Permits management to foresee quickly the impact of variations from the plan

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