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Industrial Engineering and Production Management

Industrial Engineering and Production Management
In the cost structure of a product, the selling price is determined by the factors such as

Lowest competitive price
Sales turn over
Various elements of the cost
All of these

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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

Gantt chart
Break-even chart
PERT chart
Flow chart

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Industrial Engineering and Production Management
Break-even analysis can be used for

Average of above two run analysis
Long run analysis
Short run analysis
There is no such criterion

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

Maximum slack
Average slack
No slack
Minimum slack

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Industrial Engineering and Production Management
A milestone chart

Points outgoing ahead of schedule of jobs, if any
Depicts the delay of jobs, if any
None of the these
Shows the inter dependences of various jobs

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Industrial Engineering and Production Management
Direct expenses include

Selling expenses
Administrative expenses
None of these
Factory expenses

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