Quantitative Techniques - 18

LIST OF ATTEMPTED QUESTIONS AND ANSWERS
Match The Following
Question Correct Answer Your Answer
Political Risks People Resistance People Resistance
Financial Risks ROI Institution
Technical Risks CAD / CAM CAD / CAM
Functional Risks HRD HRD
Select The Blank
Question Set of basic variables which are not restricted to equal '0' in
current basic solution & listed in solution column is termed as
________.
Correct Answer Basis
Your Answer Simplex Method
Multiple Choice Single Answer
Question In VAM, A stands for :-
Correct Answer Approximation
Your Answer Appropriate
Multiple Choice Single Answer
Question Time spent by Service Facility to render the service to a
Customer is :-
Correct Answer Service time
Your Answer Service time
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True/False
Question A game without a saddle point is called mixed strategy game.
Correct Answer True
Your Answer True
Multiple Choice Single Answer
Question When an optimal solution is reached next step is to :-
Correct Answer Mark a zero in a row with exclusive zero.
Your Answer Mark a zero in a row with exclusive zero.
Multiple Choice Multiple Answer
Question Terms relating to LP are :-
Correct Answer Constraints , Objective Function , Non-Negativity Condition
Your Answer Constraints , Objective Function , Non-Negativity Condition
Multiple Choice Single Answer
Question When process capability of a machine does not allow
allocation of a particular job on the machine, the problem can
be solved by :-
Correct Answer Prohibited assignment method
Your Answer Prohibited assignment method
True/False
Question Value of game to player II is negative of minimax value.
Correct Answer False
Your Answer False
Select The Blank
Question A Graph can be defined as ________.
Correct Answer Two-variable-linear-equation which is always a Straight Line
Your Answer Two-variable-linear-equation which is always a Straight Line
Multiple Choice Single Answer
Question Which of the following technique provides aid to sales staff
while finalising a judgment forecast?
Correct Answer Forecasting
Your Answer Linear programming
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True/False
Question Events must be mutually exclusive.
Correct Answer True
Your Answer True
Select The Blank
Question ________ is called Stepping Stone Method.
Correct Answer Unoccupied cells to achieve solution
Your Answer Unoccupied cells to achieve solution
Select The Blank
Question An assignment problem with machine capability constraint is
an example of ________ assignment problem.
Correct Answer Prohibited
Your Answer Unbalanced
Multiple Choice Multiple Answer
Question Queues are formed at :-
Correct Answer Bus stand , Traffic lights , Telephone booths
Your Answer Bus stand , Traffic lights , Telephone booths
Select The Blank
Question To assign a task, a zero in a row/column with ________ zero
is marked with square.
Correct Answer Exactly one
Your Answer Exactly one
True/False
Question The graphical method is simple to understand & easy to use
Correct Answer True
Your Answer True
Multiple Choice Single Answer
Question Unbounded Solution is :-
Correct Answer Permitted to be infinitely large
Your Answer Which does not define the boundaries of the feasible solution
Multiple Choice Multiple Answer
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Question Procedural steps in VAM are :-
Correct Answer Selection of row or column , Allocation of number of units ,
Calculation of difference bet 2 element
Your Answer Cash Flow & Fund flow statements , Selection of row or
column
Multiple Choice Multiple Answer
Question Which are applications of quantitative techniques in financial
management?
Correct Answer Interpretation of financial statements , To determine optimum
equipment replacement policies , To develop capital
investment plans
Your Answer Interpretation of financial statements , To determine optimum
equipment replacement policies , To develop capital
investment plans
Match The Following
Question Correct Answer Your Answer
Graphical Method Step 4 LPP Formulation LPP Formulation
Graphical Method Step 1 Identify Decision Identify Decision
Graphical Method Step 2 Equation of Objective Graph Objective Function
Graphical Method Step 3 Equation of Constraints Equation of Constraints
Multiple Choice Single Answer
Question Extra row or column in tableau, with zero cost in each of its
cells, used to balance an unbalanced problem is :-
Correct Answer Dummy source or Destination
Your Answer Dummy source or Destination
Multiple Choice Single Answer
Question Graphical method deals with problem of :-
Correct Answer Both Maximization & Minimization
Your Answer Both Maximization & Minimization
Select The Blank
Question SOPs provide necessary base to select optimal solution is
known as ________.
Correct Answer Mechanistic Decisions
Your Answer Mechanistic Decisions
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Question Linear Programming find the quantity of components to be
used at :-
Correct Answer Minimum Cost
Your Answer Minimum Cost
Select The Blank
Question The ________ is a method for deciding how to meet some
desired objective which may be profit maximisation or cost
minimization, subject to constraints on the amounts of
commodities required or resources available.
Correct Answer Linear programming
Your Answer Linear programming
Select The Blank
Question The ________ is concerned with situations of conflicts
between two or more opposed sets of interests to devise
optimum strategies prior to commencement of action.
Correct Answer Games theory
Your Answer Games theory
True/False
Question Smallest element in each row is subtracted from each
element in the column.
Correct Answer False
Your Answer False
Multiple Choice Multiple Answer
Question Which are the typical areas of application of probability
theory?
Correct Answer Market research , Inventory control , Price movements
Your Answer Market research , Budgeting
True/False
Question By application of dominance rule final solution is affected.
Correct Answer False
Your Answer False
Multiple Choice Single Answer
Question Determination of Least Cost Route of Transportation of
Goods from one plant to different warehouses is called :-
Correct Answer Transportation Model
Your Answer Transportation Model
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Multiple Choice Multiple Answer
Question Games theory can solve :-
Correct Answer Two person's game , Two persons zero sum game , Two
persons 3 x 3 game
Your Answer Two person's game , Two persons zero sum game , Two
persons 3 x 3 game
Multiple Choice Single Answer
Question Which technique replaces the age old intuitive and subjective
approach of decision making by an analytical and an
objective approach?
Correct Answer Quantitative technique
Your Answer Quantitative technique
True/False
Question MODI Method is to evaluate water cells to achieve an optimal
solution.
Correct Answer True
Your Answer True
Multiple Choice Multiple Answer
Question Terminology NOT related with Linear Programming are :-
Correct Answer Players , Payoff , Payoff Matrics
Your Answer Players , Payoff , Payoff Matrics
Multiple Choice Multiple Answer
Question Study of Process Capability is not related to :-
Correct Answer Reliability Engineering , Statistical Process Control ,
Correlation & Regression Analysis
Your Answer Reliability Engineering , Statistical Process Control ,
Correlation & Regression Analysis
True/False
Question Under Single Queue, Multiple Servers (Series), there is one
queue but several servers in the service facility.
Correct Answer True
Your Answer True
Select The Blank
Question In waiting line, important characteristic commonly set to study
is ________.
Correct Answer Queue length
Your Answer Queue length
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True/False
Question Quantitative techniques consider tangible as well as
intangible factors.
Correct Answer False
Your Answer True
Multiple Choice Single Answer
Question Which of the following is not a statistical technique?
Correct Answer Critical path analysis
Your Answer Acceptance sampling
Select The Blank
Question A game in which more than 2 strategies are available to both
players is called ________ game.
Correct Answer m x n
Your Answer m x n
Multiple Choice Multiple Answer
Question Game can have :-
Correct Answer Mixed strategies , Pure strategies
Your Answer Mixed strategies , Pure strategies
Select The Blank
Question Graphical method is used to solve problems involving
________ unknowns.
Correct Answer Two
Your Answer Two
Multiple Choice Multiple Answer
Question Various Quantitative Techniques are :-
Correct Answer Linear Programming , Replacement Theory , Queuing Theory
Your Answer Linear Programming , Replacement Theory , Queuing Theory
True/False
Question Representation of customer behavior is reactions of the
typical customers when confronted with a queue before the
service facility.
Correct Answer True
Your Answer False
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Select The Blank
Question Expected gain to a player, if he and & his opponent use their
best strategy is called ________of game.
Correct Answer Value
Your Answer Value
Multiple Choice Multiple Answer
Question Following concepts are not considered in Linear
Programming :-
Correct Answer Maximum , Minimax , Saddle Point
Your Answer Saddle Point , Non-negativity Restrictions