The Use of Flow Charts and Graphs for Scheduling, Clearly

question 5

Multiple Choice

The use of flow charts and graphs for scheduling, clearly defined work setup and breakdown and policy statements to help guide decision -making and the fulfilling of commitments are examples of

• A) project management
• B) budgeting management
• C) coordination management
• D) human resource management

---

Definitions:

Variable Costs

These vary with output. When output rises, variable costs rise; when output declines, variable costs fall.

Break-Even Points

The production level or point in sales at which total revenues equal total expenses, resulting in neither profit nor loss.

Shutdown Point

The level of operations where a company's revenue from goods or services sold just covers its variable costs, beyond which it becomes more cost-effective to halt production.

Short Run

A period in which at least one input, such as plant size or capital, is fixed and cannot be varied to change output levels.