Industrial Engineering and Production Management MCQs

26. M.T.M. is used to

improve existing methods
establish time standards
develop effective methods in advance of the beginning of production
all of the above
✅ The correct answer is option D.

27. CPM stands for

Combined Process Method
Critical Path Method
Common Planning Method
Critical Process Metho
✅ The correct answer is option B.

29. At the break even point,

total cost is more than the sales revenue
total cost is less than the sales revenue
total cost is equal to sales revenue
fixed cost is equal to
✅ The correct answer is option C.
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