Mechanical Engineering - Industrial Engineering and Production Management

Exercise :: Industrial Engineering and Production Management - Section 2

46. 

If F is the fixed cost, V is the variable cost per unit (or total variable costs) and P is the selling price of each unit (or total sales value), then break even point is equal to

A.
B.
C.
D.

Answer: Option D

Explanation:

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47. 

CPM stands for

A. Combined Process Method
B. Critical Path Method
C. Common Planning Method
D. Critical Process Method

Answer: Option B

Explanation:

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48. 

The average time recorded by work study man for an operation is called

A. standard time
B. normal time
C. representative time
D. none of these

Answer: Option C

Explanation:

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49. 

In value engineering, important consideration is given to

A. customer satisfaction
B. function concept
C. profit maximisation
D. cost reduction

Answer: Option D

Explanation:

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50. 

The unit cost in case of batch production is __________ as compared to jobbing production.

A. same
B. low
C. high

Answer: Option B

Explanation:

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