A. An activity consume time and resources whereas an event do not consume time or resources.
B. The performance of a specific task is called an activity.
C. An event is an instantaneous point in time at which an activity begins or ends.
D. The turning of a job on lathe is an event whereas job turned is an activity.
Correct Answer
The turning of a job on lathe is an event whereas job turned is an activity.
Industrial Engineering and Production Management problems
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1. For a small scale industry, the fixed cost per month is Rs. 5000. The variable cost per product is Rs. 20 and sales price is Rs. 30 per piece. The break even production per month will be