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MCQs

Total Questions : 1536 | Page 1 of 154 pages
Question 1. Break-even analysis shows profit when
  1.    Sales revenue > total cost
  2.    Sales revenue = total cost
  3.    Sales revenue < total cost
  4.    Variable cost < fixed cost
 Discuss Question
Answer: Option A. -> Sales revenue > total cost
Question 2. PERT analysis is based upon
  1.    Optimistic time
  2.    Pessimistic time
  3.    Most likely time
  4.    All of these
 Discuss Question
Answer: Option D. -> All of these
Question 3. The appellate authority for an industrial dispute is
  1.    Management
  2.    Labour court
  3.    High court/supreme court
  4.    Board of directors
 Discuss Question
Answer: Option C. -> High court/supreme court
Question 4. Pessimistic time is
  1.    The maximum time which an activity might require
  2.    The average time required for a job
  3.    The most probable time considering all conditions
  4.    The minimum time in which an activity can possibly be accomplished
 Discuss Question
Answer: Option A. -> The maximum time which an activity might require
Question 5. Choose the wrong statement. Motion study is used for
  1.    Improving a work method
  2.    Improvising a work method
  3.    Designing a work method
  4.    Reducing inventory costs
 Discuss Question
Answer: Option D. -> Reducing inventory costs
Question 6. The basic difference between PERT and CPM is that
  1.    PERT deals with events and CPM with activities
  2.    Critical path is determined in PERT only
  3.    Costs are considered on CPM only and not in PERT
  4.    Guessed times are used in PERT and evaluated times in CPM
 Discuss Question
Answer: Option D. -> Guessed times are used in PERT and evaluated times in CPM
Question 7. Value engineering aims at finding out the
  1.    Depreciation value of a product
  2.    Resale value of a product
  3.    Major function of the item and accomplishing the same at least cost without change in quality
  4.    Break-even point when machine requires change
 Discuss Question
Answer: Option C. -> Major function of the item and accomplishing the same at least cost without change in quality
Question 8. Product layout is employed for
  1.    Batch production
  2.    Continuous production
  3.    Effective utilization of machine
  4.    All of the above
 Discuss Question
Answer: Option B. -> Continuous production
Question 9. Process layout is employed for
  1.    Batch production
  2.    Continuous type of product
  3.    Effective utilization of machines
  4.    All of the above
 Discuss Question
Answer: Option A. -> Batch production
Question 10. Bar chart is suitable for
  1.    Large project
  2.    Major work
  3.    Minor work
  4.    All of these
 Discuss Question
Answer: Option C. -> Minor work

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