Examlex

Solved

Match the Techniques with Their Descriptions

question 74

Multiple Choice

Match the techniques with their descriptions :
-Records are kept on the problem behaviour such as the times, places, and circumstances of each occurrence.


Definitions:

Break-even Analysis

A financial calculation to determine the point at which revenue received equals the costs associated with receiving the revenue.

Cost-volume-profit Analysis

A financial analysis tool that helps in determining the effect of changes in costs and volume on a company's profit.

PERT

An acronym for Program Evaluation and Review Technique, a statistical tool used in project management, designed to analyze and represent the tasks involved in completing a given project.

Pareto Analysis

A method used in quality control and business to identify the few critical causes that account for most of an effect, enabling prioritization of effort.

Related Questions