1. A graphical device used to determine the break-even point and profit potential under varying conditions of output and costs, is known as
(a) Gnatt chart
(b) flow chart
(c) break-even chart
(d) PERT chart
(e) Taylor chart.
Ans: c
2. Break-even analysis consists of
(a) fixed cost
(b) variable cost
(c) fixed and variable costs
(d) operation costs
(e) none of the above.
Ans: c
3. 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
(e) none of the above.
Ans: a
4. In braek-even analysis, total cost consists of
(a) fixed cost
(b) variable cost
(c) fixed cost + variable cost
(d) fixed cost + variable cost + over-heads
(e) fixed cost + sales revenue.
Ans: a
5. The break-even point represents
(a) the most economical level of operation of any industry
(b) the time when unit can run without i loss and profit
(c) time when industry will undergo loss
(d) the time when company can make maximum profits
(e) time for overhauling a plant.
Ans: c
6. Queing theory is associated with
(a) sales
(b) inspection time
(c) waiting time
(d) production time
(e) inventory.
Ans: c
7. The reasons which are basically responsible for the formation of a queue should be that
(a) the average service rate HHess than the average arrival rate
(b) output rate is linearly proportional to input
(c) output rate is constant and the input varies in a random manner
(d) all of the above
(e) none of the above.
Ans: d
8. Monte Carlo solutions in queuing theory are extremely useful in queuing problems
(a) that can't be analysed mathematically
(b) involving multistage queuing
(c) to verify mathematical results
(d) all of the above
(e) none of the above.
Ans: a
9. In the cost structure of a product, the sell¬ing price is determined by the factors such as1
(a) sales turn over
(b) lowest competitive price
(c) various elements of the cost
(d) buyers' capability to pay
(e) all of the above.
Ans: e
10. Work study is concerned with
(a) improving present method and finding standard time
(b) motivation of workers
(c) improving production capability
(d) improving production planning and control
(e) all of the above.
Ans: a
11. Basic tool in work study is
(a) graph paper
(b) process chart
(c) planning chart
(d) stop watch
(e) analytical mind.
Ans: d
12. What does symbol 'O' imply in work study
(a) operation
(b) inspection
(c) transport
(d) delay temporary storage
(e) none of the above.
Ans: a
13. Queing theory is used for
(a) inventory problems
(b) traffic congestion studies
(c) job-shop scheduling
(d) all of the above
(e) none of the above.
Ans: d
14. In queuing theory, the nature of the waiting situation can be studied and analysed mathematically if
(a) complete details'of items in, waiting line are known
(b) arrival and waiting times are known and can be grouped to form a waiting line model
(c) all variables and constants are known and form a linear equation
(d) the laws governing arrivals, service times, and the order in which the ar¬riving units are taken into source are known
(e) all of the above.
Ans: d
15. What does symbol 'D' imply in work study
(a) inspection
(b) transport
(c) delay temporary storage
(d) permanent storage
(e) none of the above.
Ans: c
Read More Questions:
Production Management and Industrial Engineering MCQs Part1
Production Management and Industrial Engineering MCQs Part2
(a) Gnatt chart
(b) flow chart
(c) break-even chart
(d) PERT chart
(e) Taylor chart.
Ans: c
2. Break-even analysis consists of
(a) fixed cost
(b) variable cost
(c) fixed and variable costs
(d) operation costs
(e) none of the above.
Ans: c
3. 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
(e) none of the above.
Ans: a
4. In braek-even analysis, total cost consists of
(a) fixed cost
(b) variable cost
(c) fixed cost + variable cost
(d) fixed cost + variable cost + over-heads
(e) fixed cost + sales revenue.
Ans: a
5. The break-even point represents
(a) the most economical level of operation of any industry
(b) the time when unit can run without i loss and profit
(c) time when industry will undergo loss
(d) the time when company can make maximum profits
(e) time for overhauling a plant.
Ans: c
6. Queing theory is associated with
(a) sales
(b) inspection time
(c) waiting time
(d) production time
(e) inventory.
Ans: c
7. The reasons which are basically responsible for the formation of a queue should be that
(a) the average service rate HHess than the average arrival rate
(b) output rate is linearly proportional to input
(c) output rate is constant and the input varies in a random manner
(d) all of the above
(e) none of the above.
Ans: d
8. Monte Carlo solutions in queuing theory are extremely useful in queuing problems
(a) that can't be analysed mathematically
(b) involving multistage queuing
(c) to verify mathematical results
(d) all of the above
(e) none of the above.
Ans: a
9. In the cost structure of a product, the sell¬ing price is determined by the factors such as1
(a) sales turn over
(b) lowest competitive price
(c) various elements of the cost
(d) buyers' capability to pay
(e) all of the above.
Ans: e
10. Work study is concerned with
(a) improving present method and finding standard time
(b) motivation of workers
(c) improving production capability
(d) improving production planning and control
(e) all of the above.
Ans: a
11. Basic tool in work study is
(a) graph paper
(b) process chart
(c) planning chart
(d) stop watch
(e) analytical mind.
Ans: d
12. What does symbol 'O' imply in work study
(a) operation
(b) inspection
(c) transport
(d) delay temporary storage
(e) none of the above.
Ans: a
13. Queing theory is used for
(a) inventory problems
(b) traffic congestion studies
(c) job-shop scheduling
(d) all of the above
(e) none of the above.
Ans: d
14. In queuing theory, the nature of the waiting situation can be studied and analysed mathematically if
(a) complete details'of items in, waiting line are known
(b) arrival and waiting times are known and can be grouped to form a waiting line model
(c) all variables and constants are known and form a linear equation
(d) the laws governing arrivals, service times, and the order in which the ar¬riving units are taken into source are known
(e) all of the above.
Ans: d
15. What does symbol 'D' imply in work study
(a) inspection
(b) transport
(c) delay temporary storage
(d) permanent storage
(e) none of the above.
Ans: c
Read More Questions:
Production Management and Industrial Engineering MCQs Part1
Production Management and Industrial Engineering MCQs Part2
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