Industrial Engineering And Production Management - Study Mode

[#211] In break-even analysis, total cost consists of
Correct Answer

(C) Fixed cost + variable cost

Explanation

Solution: The break-even point (BEP) or break-even level represents the sales amount—in either unit (quantity) or revenue (sales) terms—that is required to cover total costs, consisting of both fixed and variable costs to the company. Total profit at the break-even point is zero.

[#212] The work study is done by means of
Correct Answer

(D) Any one of these

Explanation

Solution: Work study is a systematic technique to analyze work processes and improve efficiency and productivity. It comprises two major components: Method Study and Work Measurement . Method Study aims at improving the method of performing a task. For this, tools like the process chart are used to visualize and analyze the steps involved in the current method. Work Measurement is used to determine the time taken to perform a task. A stop watch is commonly used in time studies to record the duration of different job elements. A planning chart is more associated with project planning and scheduling but may still be involved in the broader context of work study, especially during implementation phases. Therefore, since all these tools may be used in different contexts of work study, the correct answer is: Any one of these.

[#213] In steel plant the most important system for materials handling is
Correct Answer

(D) Locos

Explanation

Solution: In steel plant the most important system for materials handling is Locos

[#214] Work study involves
Correct Answer

(C) Method study and work measurement

Explanation

Solution: Work study involves Method study and work measurement

[#215] Gantt chart provides information about the
Correct Answer

(C) Production schedule

Explanation

Solution: A Gantt chart is a type of bar chart that illustrates a project schedule. This chart lists the tasks to be performed on the vertical axis, and time intervals on the horizontal axis. The width of the horizontal bars in the graph shows the duration of each activity.