# MBA/MBA Principles and Practices of Management Mcq Set 2 Sample Test,Sample questions

## Question: `A feasible solution to a linear programming problem`

1.Must satisfy all problem constraints simultaneously

2.Need not satisfy all constraints

3.Must be a corner point of the feasible region

4.Must optimize the value of the objective function

## Question: `A good decision always implies that`

1.Will obtain the best final results

2.Have used appropriate quantitative analysis.

3.Have considered all alternatives

4.Have followed a logical process.

## Question: ```A model is ```

1.An essence of reality

2.An approximation

3.An idealization'

4.All of the above

## Question: `A physical model is an example of`

1.An iconic model

2.An analogue model

3.A verbal model

4.A mathematical model

## Question: `Activities lying on the critical path are called _____`

1.Net work

2.Critical path

3.Critical activities

4.None of the above

## Question: `All of the following are steps in the decision-making process EXCEPT`

1.Define the problem

2.List alternatives

3.Identify the possible outcomes

4.Compute the posterior probabilities.

1.Dummy

2.Predecessor

3.Successor

4.None of these

## Question: `An event which represents the beginning of more than one activity is known as _______ event.`

1.Merge

2.Net

3.Burst

4.None of the above

## Question: `An optimization model`

1.Mathematically provides best decision

2.Provides decision with limited context

3.Helps in evaluating various alternatives constantly

4.All of the above

1.Predecessor

2.Successor

3.Dummy

4.End

## Question: `Constraint in LP problem are called active if they`

1.Represent optimal solution

2.At optimality do not consume all the available resources

3.Both of (a) and (b)

4.None of the above

## Question: `Decision variables are`

1.Controllable

2.Uncontrollable

3.Parameters

4.None of the above

1.Laplace

2.Maximax

3.Minimax regret

4.Maxmin

1.3

2.4

3.12

4.64

## Question: `In linear programming problem if all constraints are less than or equal to, then the feasible region is`

1.Above lines

2.Below the lines

3.Unbounded

4.None of the above

1.EST

2.EFT

3.LST

4.LFT

## Question: `L _____ is that sequence of activities which determines the total project time.`

1.Net work

2.Critical path

3.Critical activities

4.None of the above

1.World war II

2.World war I

3.1990

4.1993

## Question: `Opportunity loss refers to`

1.The expected value of a bad decision

2.The expected loss from a bad decision

3.The difference between actual pay off and the optimal pay off

4.The regret from not having made a decision

## Question: `The application of OR techniques involves ______________ approach`

1.Individual

2.Team

3.Critical

4.None of the above

## Question: `The best use of linear programming technique is to find an optimal use of`

1.Money

2.Man power

3.Machine

4.All of the above

## Question: `The criteria of expected monetary value is used for making decisions under`

1.Certainty

2.Uncertainty

3.Risk

4.All of the above

1.EOL

2.EMV

3.Hurwicz

4.Maximax

## Question: `The initial solution of a transportation problem can be obtained by applying any known method. But the only condition is`

1.The solution be optimal

2.The solution be optimal

3.The solution not be degenerate

4.All of the above

1.Minimax

2.Maximin

3.Maximum EMV

4.Maximax

## Question: `The minimum expected opportunity loss is`

1.Equal to EVPI

2.Minimum regret

3.Equal to EMV

4.Both (a) and (b)

## Question: `The objective of network analysis is to`

1.Minimize total project duration

2.Minimize total project cost

3.Minimize production delays, interruption and conflicts

4.All of the above

## Question: `What decision-making condition must exist for the decision tree to be a valuable tool?`

1.Certainty

2.Uncertainty

3.Risk

4.It does not matter, the tool is appropriate in all environments

## Question: `When total supply is equal to total demand in a transportation problem , the problem is said to be`

1.Balanced

2.Unbalanced

3.Degenerate

4.None of the above

## Question: `Which of the following as an assumption of an LP model`

1.Divisibility

2.Proportionality

4.All of the above

## Question: `Which of the following criterion is not used for decision making under uncertainty?`

1.Maximin

2.Maximax

3.Minimax

4.Minimize expected loss

## Question: `Which of the following is not a category of linear programming problems?`

1.Resource allocation problem

2.Cost benefit trade off problem

3.Distribution network problem

4.All of the above are categories of linear programming problems.

## Question: `Which of the following is not a part of decision tree problem specification?`

1.a list of alternatives

2.A list of possible state of nature

3.EVPI

4.Pay off associated with alternative / state of nature combination.

1.<=.

2.>.

3.=.

4.All the above.

## Question: `While solving LP problem graphically, the area bounded by the constraints is called`

1.Feasible region

2.Infeasible region

3.Unbounded solution

4.None of the above

## Question: `__ is the duration by which an activity can be delayed without delaying the project.`

1.Total float

2.Slack

3.Earliest event time

4.None of these

## Question: `_____ is a series of related activities which result in some product or services.`

1.Network

2.transportation model

3.assignment

4.None of these

## Question: `_____ is the disconnection of an activity before the completion of activities in a project network diagram.`

1.Dangling

2.Looping

3.Dummy

4.None of the above

## Question: `_____ is the shortest possible time in which an activity can be delayed without delaying the project.`

1.Pessimistic time estimate

2.Optimistic time estimate

3.Most likely time estimate

4.None of these

## Question: `______ is a method of analyzing the current movement of the same variable in an effort to predict the future movement of the same variable.`

1.Goal programming

2.Markov analysis

3.Replacement theory

4.Queuing theory

## Question: `______ is an important Operations research technique to be used for determining optimal allocation of limited resources to meet the given objectives.`

1.Waiting line theory

2.Net work analysis

3.Decision analysis

4.Linear programming

## Question: `_______ is event oriented.`

1.CPM

2.PERT

3.LP

4.None of the above

## Question: `_______ is the duration by which an activity can be delayed without delaying the project`

1.Slack

2.Total float

3.Free float

4.Independent float

1.Game theory

2.Charts

3.Graphs

4.All the above.

## Question: `________ helps management to evaluate alternative course of action for selecting the best course of action`

1.Operations research

2.Quantitative technique

3.Management research

4.None of the above

1.Programme

2.Project

3.Network

## Question: `________ is activity oriented.`

1.CPM

2.PERT

3.LP

4.None of the above

## Question: `________ Is known as symbolic model`

1.Iconic

2.Mathematical

3.Analogue

4.None of the above

## Question: `________ is the time by which the completion of an activity can be delayed beyond its earliest finish time without affecting the earliest start time of a succeeding activity`

1.Slack

2.Total float

3.Free float

4.Independent float

1.EST

2.EFT

3.LST

4.LFT

## More MCQS

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