Production and Industrial Engineering MCQ with Answers

Production and Industrial Engineering MCQ with Answers

1) A graphical device used to determine the break-even point and profit potential under varying conditions of output and costs, is known as

Answer is:

break-even chart

Explanation:

.

A graphical device used to determine the break-even point and profit potential under varying conditions of output and costs, is known as

2) Break-even analysis consists of

Answer is:

fixed and variable costs

Break-even analysis consists of

3) Break-even analysis shows profit when

Answer is:

sales revenue > total cost

Break-even analysis shows profit when

4) In break-even analysis, total cost consists of

Answer is:

fixed cost + variable cost

In break-even analysis, total cost consists of

5) The break-even point represents

Answer is:

the time when unit can run without loss and profit

The break-even point represents