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Industrial Engineering and Prod'n Mgmt - section-1
  1. Break-even analysis shows profit when

    2. A.

     Sales revenue > total cost
    B.

     Sales revenue = total cost
    C.

     Sales revenue < total cost
    D.

     Variable cost < fixed cost

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  2. PERT analysis is based upon

    3. A.

     Optimistic time
    B.

     Pessimistic time
    C.

     Most likely time
    D.

     All of these

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  3. Pessimistic time is

    4. 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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  4. The appellate authority for an industrial dispute is

    5. A.

     Management
    B.

     Labour court
    C.

     High court/supreme court
    D.

     Board of directors

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  5. Choose the wrong statement. Motion study is used for

    6. A.

     Improving a work method
    B.

     Improvising a work method
    C.

     Designing a work method
    D.

     Reducing inventory costs

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  6. The basic difference between PERT and CPM is that

    7. 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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  7. Value engineering aims at finding out the

    8. 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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  8. Process layout is employed for

    9. A.

     Batch production
    B.

     Continuous type of product
    C.

     Effective utilization of machines
    D.

     All of the above

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  9. Product layout is employed for

    10. A.

     Batch production
    B.

     Continuous production
    C.

     Effective utilization of machine
    D.

     All of the above

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  10. Bar chart is suitable for

    11. A.

     Large project
    B.

     Major work
    C.

     Minor work
    D.

     All of these

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