Search Assignments and Papers Here...


Custom Search

Tuesday, April 28, 2009

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
Sem-4 (Operations) -- Quantitative Techniques
Page 65 of 71
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
Sem-4 (Operations) -- Quantitative Techniques
Page 66 of 71
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
Sem-4 (Operations) -- Quantitative Techniques
Page 67 of 71
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
Sem-4 (Operations) -- Quantitative Techniques
Page 68 of 71
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
Sem-4 (Operations) -- Quantitative Techniques
Page 69 of 71
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
Sem-4 (Operations) -- Quantitative Techniques
Page 70 of 71
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
Sem-4 (Operations) -- Quantitative Techniques
Page 71 of 71
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

Quantitative Techniques - 17

LIST OF ATTEMPTED QUESTIONS AND ANSWERS
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
Select The Blank
Question Transportation Tableau gives ________.
Correct Answer Data on shipping costs
Your Answer Data on shipping costs
True/False
Question In a traveling salesman problem, salesman can visit same
city twice before all the cities are covered.
Correct Answer False
Your Answer False
Select The Blank
Question The ________ are the points from which decision alternatives
emerges branches of the tree.
Correct Answer Decision modes
Your Answer Decision modes
Select The Blank
Question Mathematical Model Construction from the given data is
known as ________.
Correct Answer Problem Formulation
Your Answer Problem Formulation
Sem-4 (Operations) -- Quantitative Techniques
Page 58 of 71
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
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
Select The Blank
Question Value of pure strategy game, to player I is ________
Correct Answer Maximin
Your Answer Maximin
Multiple Choice Multiple Answer
Question Combination of strategies of players determines :-
Correct Answer Outcomes , Payoff
Your Answer Outcomes , Payoff
Multiple Choice Multiple Answer
Question Types of variables in Simplex Method are :-
Correct Answer Slack Variable , Surplus Variable , Artificial Variable
Your Answer Slack Variable , Surplus Variable , Artificial Variable
Multiple Choice Multiple Answer
Question Elements of Transportation Model are :-
Correct Answer Plants , Warehouses , Supply & Demand
Your Answer Plants , Warehouses
True/False
Question In pure strategies game, maximin / minimax strategies are
called optional strategies.
Correct Answer True
Sem-4 (Operations) -- Quantitative Techniques
Page 59 of 71
Your Answer False
True/False
Question Feasible solution must have (m+n-1) allocations.
Correct Answer True
Your Answer False
Multiple Choice Multiple Answer
Question Transportation Tableau is a Data on :-
Correct Answer Demand , Capacity , Unit Shipping Cost
Your Answer Demand , Capacity , Unit Shipping Cost
Multiple Choice Single Answer
Question Disadvantage of Graphical Method is :-
Correct Answer Restricted to two variables
Your Answer Restricted to two variables
Multiple Choice Multiple Answer
Question What is expected to be established when facts are analysed
after collection of data in the decision making process?
Correct Answer Qualitative considerations to take overall view of business ,
The length of time to which the decision should apply , Effect
of decision on other functional areas
Your Answer Qualitative considerations to take overall view of business ,
The length of time to which the decision should apply , To
check the authenticity of facts
Multiple Choice Multiple Answer
Question Study of Comparable past events & forecasting future events
is related to
Correct Answer Probability Theory , Correlation & Regression Analysis ,
Statistical Process Control
Your Answer Probability Theory
Multiple Choice Single Answer
Question When there are restrictions to assignment of a task to
particular facility :-
Correct Answer Very high costs are assigned to prohibited combinations
Your Answer A dummy row/column with zero costs is added
True/False
Question The decision nodes are depicted by circles.
Sem-4 (Operations) -- Quantitative Techniques
Page 60 of 71
Correct Answer False
Your Answer False
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
Match The Following
Question Correct Answer Your Answer
Queuing theory Waiting lines formed in Waiting lines formed in
Line of balance WIP inventory control WIP inventory control
Critical path analysis Project scheduling Project scheduling
Decision theory Site selection Site selection
Select The Blank
Question The action of "Only few Customers may join Queue & some
may demand service on their behalf" is called ________
Correct Answer Collusion
Your Answer Collusion
Multiple Choice Single Answer
Question Which of the following is example of personal decision?
Correct Answer Works manager's decision to quit his post
Your Answer Works manager's decision to quit his post
True/False
Question Though graphical method can deal with any number of a
constraints but since each constraint is shown as a line on a
graph, a large number of lines make the graph difficult to
read.
Correct Answer True
Your Answer True
Multiple Choice Single Answer
Question Decision of a player to play row corresponding to maximin
value is called :-
Correct Answer Maximin Pure strategy
Sem-4 (Operations) -- Quantitative Techniques
Page 61 of 71
Your Answer Maximin Pure strategy
Multiple Choice Single Answer
Question Optimal Solution is :-
Correct Answer That point or points in the feasible region that gives the
optimal values of the objective function
Your Answer That point or points in the feasible region that gives the
optimal values of the objective function
Multiple Choice Multiple Answer
Question Today's Business has constraints like :-
Correct Answer Raw Material , Shortage of Production , Limitations of
Warehouses
Your Answer Raw Material , Shortage of Production , Limitations of
Warehouses
True/False
Question Transportation tableau construction is to present the
information in the form of transportation tableau.
Correct Answer True
Your Answer True
Select The Blank
Question Transportation problem in which total capacity at supply
points equals total demand at the destinations is ________
Correct Answer Un-balanced Transportation Problem
Your Answer Balanced Transportation Problem
Multiple Choice Single Answer
Question Solution satisfying supply & demand conditions & yet may not
be optimal is :-
Correct Answer An Initial Feasible Solution
Your Answer An Initial Feasible Solution
Multiple Choice Single Answer
Question If Pij represent element in each column, than minimax value
of game is :-
Correct Answer Min (max pij)
Your Answer Min Pij
Multiple Choice Multiple Answer
Question Resource Management involves :-
Correct Answer Man , Machines , Materials
Sem-4 (Operations) -- Quantitative Techniques
Page 62 of 71
Your Answer Man , Machines , Materials
Select The Blank
Question The ________ are those in which the outcome of the first
decision affects the desirability of the choices at the next
decision.
Correct Answer Multi stage decisions
Your Answer Analytical decisions
True/False
Question If a mixed strategy game is bigger than 2x2 size, dominance
rule is used to reduce the game.
Correct Answer True
Your Answer True
Select The Blank
Question LP decide on product quantities to maximize profit is
________.
Correct Answer Product Mix Problems
Your Answer Product Mix Problems
Match The Following
Question Correct Answer Your Answer
Shortest Route for Traveling Problem Traveling Problem
Order Quantity Allocation Production Problem Production Problem
Number of Employees Staffing Problem Staffing Problem
Aircraft & Crews Routing Problem Routing Problem
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 Procedural steps in LCM are :-
Correct Answer Scrutinize transport costs , Allocation as per supply &
demand , Delete the row or column
Your Answer Scrutinize transport costs , Allocation as per supply &
demand , Delete the row or column
Sem-4 (Operations) -- Quantitative Techniques
Page 63 of 71
True/False
Question System output refers to the rate at which customers are
rendered service.
Correct Answer True
Your Answer True
Multiple Choice Single Answer
Question In a pure strategy game, the value of game to player II is
maximin, then for player and the value is :-
Correct Answer Negative minimax
Your Answer Negative minimax
Multiple Choice Multiple Answer
Question Words related to VAM are :-
Correct Answer Vogel's , Method , Approximation
Your Answer Vogel's , Method , Approximation
Multiple Choice Single Answer
Question Graphical method deals with problem of :-
Correct Answer Both Maximization & Minimization
Your Answer Both Maximization & Minimization
Multiple Choice Multiple Answer
Question Various Types of Problems related to Linear Programming
are
Correct Answer Routing Problems , Transportation Problems , Product Mix
Problems
Your Answer Routing Problems , Transportation Problems , Product Mix
Problems
True/False
Question Mechanistic decisions involve problems with limited number
of decision variables.
Correct Answer True
Your Answer True
True/False
Question Minimax vale of the game sets upper limit to the value of the
game.
Correct Answer True
Your Answer True
Multiple Choice Single Answer
Sem-4 (Operations) -- Quantitative Techniques
Page 64 of 71
Question Which of the decision theory model indicates the situations
where consequences of each act of decision maker are
influenced by acts of opponent?
Correct Answer Competitive strategies
Your Answer Competitive strategies
Select The Blank
Question Pair of values (x,y) of decision variables that satisfy
constraints is ________
Correct Answer Feasible Solution
Your Answer Feasible Solution

Quantitative Techniques - 16

Match The Following
Question Correct Answer Your Answer
Least Cost Method Procedure of allocating Satisfies supply & demand
Dummy source or Extra row or column in a Extra row or column in a
An Initial Feasible Solution Satisfies supply & demand Mechanism of Operation
North West Corner Method Procedure of allocating Procedure of allocating
Select The Blank
Question Brown's algorithm is used to solve ________2 persons zero game
sum.
Correct Answer m x n
Your Answer m x n
Match The Following
Question Correct Answer Your Answer
MODI Method Water cells to achieve Water cells to achieve
Vogel's Approximation Avoidance of high penalty Avoidance of high penalty
Degeneracy Occupied cells are less Occupied cells are less
Stepping Stone Method Unoccupied cells to Unoccupied cells to
True/False
Sem-4 (Operations) -- Quantitative Techniques
Page 51 of 71
Question Smallest element in each row is subtracted from each element in
the column.
Correct Answer False
Your Answer True
Multiple Choice Multiple Answer
Question Terminologies of Graphical Method are :-
Correct Answer Constraints , Graph of linear equality/inequality , Half Space
Your Answer Constraints , Graph of linear equality/inequality , Half Space ,
Payoff
Multiple Choice Single Answer
Question Feasible Region is :-
Correct Answer Region defined by the Constraints & non-negative restrictions
Your Answer Region defined by the Constraints & non-negative restrictions
Select The Blank
Question The action of "Only few Customers may join Queue & some may
demand service on their behalf" is called ________
Correct Answer Collusion
Your Answer Collusion
True/False
Question Allocations are independent when it is not possible to alter any
individual allocations.
Correct Answer True
Your Answer True
Multiple Choice Multiple Answer
Question Participants of the game are :-
Correct Answer Players , Decision maker
Your Answer Players , Decision maker , Payoffs , Elements
True/False
Question A game in which algebraic sum of gains of both the players after
the play is not zero is called two person non zero sum game.
Correct Answer True
Your Answer True
Select The Blank
Question A mixed strategy 2 x 2 game is solved by ________method.
Sem-4 (Operations) -- Quantitative Techniques
Page 52 of 71
Correct Answer Algebraic
Your Answer Linear programming
True/False
Question Infeasibility is the condition in which the Linear Programming
problem permits no feasible combination of the decision variables.
Correct Answer True
Your Answer True
Multiple Choice Single Answer
Question Every combination of strategies of players determines an
outcomes called :-
Correct Answer Pay off
Your Answer Pay off
True/False
Question Value of game to player II is negative of minimax value.
Correct Answer False
Your Answer True
Multiple Choice Multiple Answer
Question In a standard minimization problem, objective is to :-
Correct Answer Minimize total time. , Minimize total cost.
Your Answer Minimize total time. , Minimize total cost. , Find alternative optimal
solution. , Allocate each task to each facility.
Multiple Choice Multiple Answer
Question Objects too can form queues as :-
Correct Answer Semi-finished job await next operation , Broken down to be
repaired , Blunt tools awaiting to be reground
Your Answer Semi-finished job await next operation , Broken down to be
repaired , Blunt tools awaiting to be reground , Finance
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
Sem-4 (Operations) -- Quantitative Techniques
Page 53 of 71
Question Feasible solution formula contains :-
Correct Answer m, n, 1 , m, n, 3 , n, 1, x
Your Answer m, n, 1 , m, n, 3 , n, 1, x , m, 1, p
Select The Blank
Question Team approach needs for optimal solution of ________
Decisions.
Correct Answer Adaptive
Your Answer Adaptive
Multiple Choice Single Answer
Question Transportation Tableau is :-
Correct Answer Tabular arrangement of data on demand, capacity & per unit
shipping costs bet. supply point to destination
Your Answer Tabular arrangement of data on demand, capacity & per unit
shipping costs bet. supply point to destination
Multiple Choice Multiple Answer
Question Which of the following elements are used to construct the pay off
matrix?
Correct Answer Pay off , strategies , Probabilities
Your Answer Pay off , strategies , Decision tree , Probabilities
Multiple Choice Multiple Answer
Question Resource Management involves
Correct Answer Man , Machines , Materials
Your Answer Man , Machines , Materials , Work Orders
Multiple Choice Single Answer
Question Last Step of Graphical Method of LP is :-
Correct Answer Calculate the total profit / loss
Your Answer Calculate the total profit / loss
True/False
Question Effective improvement over the initial feasible solution is included
in MODI.
Correct Answer True
Your Answer True
True/False
Question Risk represent the probability estimate of nonoccurrence of each
Sem-4 (Operations) -- Quantitative Techniques
Page 54 of 71
outcome.
Correct Answer False
Your Answer False
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 2
True/False
Question Surplus variable is a variable used to convert a Less than or equal
to constraint into equality by subtracting it from left hand side of
the constraint.
Correct Answer False
Your Answer True
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 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 , N Person's game , Two persons zero sum
game , Two persons 3 x 3 game
True/False
Question Resulting payoff of optional strategies is called outcome.
Correct Answer False
Your Answer True
Select The Blank
Question A row with higher elements is called ________ row.
Correct Answer Dominating
Your Answer Major
Sem-4 (Operations) -- Quantitative Techniques
Page 55 of 71
Question Constraint not affecting the feasible solution is ________.
Correct Answer Redundant Constraint
Your Answer Redundant Constraint
True/False
Question Value of the subgame related to highest point in the feasible
region is solution for 2xn game.
Correct Answer True
Your Answer True
Multiple Choice Multiple Answer
Question Special cases on simplex method are :-
Correct Answer Multiple Optimal Solution , Unbounded Solution , Infeasible
Solution
Your Answer Multiple Optimal Solution , Unbounded Solution , Infeasible
Solution , Payoffs
Select The Blank
Question The ________ represents consequences of the interactions of the
decision alternatives and the chance events.
Correct Answer Outcomes
Your Answer Outcomes
Select The Blank
Question Number of customers in the queue plus those being serviced is
________.
Correct Answer System Length
Your Answer System Length
Multiple Choice Single Answer
Question Sequence of steps performed in moving from one basic feasible
solution to another basic feasible solution is :-
Correct Answer Iteration
Your Answer Iteration
Multiple Choice Multiple Answer
Question Terms related to LCM are :-
Correct Answer Initial feasible solution , Lowest Cost Cells , Next Lowest & so on
Your Answer Initial feasible solution , Lowest Cost Cells , Next Lowest & so on ,
Finance Distribution
Sem-4 (Operations) -- Quantitative Techniques
Page 56 of 71
Question Value of game equals :-
Correct Answer Saddle points , Weighted average of possible outcomes
Your Answer Saddle points , Weighted average of possible outcomes , Zero ,
Value of any sum game
Multiple Choice Single Answer
Question Expected gain to a player I he and his opponent use their best
strategies is known as :-
Correct Answer Value of game
Your Answer Optimal strategy
Multiple Choice Multiple Answer
Question Procedural steps in LCM are :-
Correct Answer Scrutinize transport costs , Allocation as per supply & demand ,
Delete the row or column
Your Answer Scrutinize transport costs , Allocation as per supply & demand ,
Delete the row or column , Prepare a Methodological report
Multiple Choice Single Answer
Question A mixed strategy is decision of player to select :-
Correct Answer Different strategies
Your Answer Different strategies
Select The Blank
Question Comparable Past Event & Forecasting Future Events Study is
called ________
Correct Answer Probability Theory
Your Answer Probability Theory
Multiple Choice Single Answer
Question Vogel's Approximation Method (VAM) is :-
Correct Answer A systematic procedure to obtain an initial feasible solution based
on avoidance of high penalty & cost cell
Your Answer A systematic procedure to obtain an initial feasible solution based
on avoidance of high penalty & cost cell
Multiple Choice Single Answer
Question There are more than one optimal solutions to an assignment
problem when :-
Correct Answer Number of independent zeros are more than required ones.
Your Answer Number of minimum lines covering all zeros are more than
number of rows/columns
Sem-4 (Operations) -- Quantitative Techniques
Page 57 of 71
Question In an unbalanced assignment problem :-
Correct Answer One or more facilities remain idle.
Your Answer One or more facilities remain idle.
Multiple Choice Single Answer
Question The column with the largest negative index number is :-
Correct Answer Key Column
Your Answer Key Column

Quantitative Techniques - 15

LIST OF ATTEMPTED QUESTIONS AND ANSWERS
Select The Blank
Question Decision Making under Conflict is termed as ________
Correct Answer Competitive Strategies
Your Answer Competitive Strategies
Select The Blank
Question When both the players play their optimal strategies the
resulting payoff is called ________of game.
Correct Answer Value
Your Answer Maximin
Multiple Choice Multiple Answer
Question Nomenclatures not related to Transportation Problem are :-
Correct Answer S, P, L, D , S, P, W, M , T, P, W, D
Your Answer S, P, L, D , S, P, W, M , T, P, W, D
True/False
Question Analytical decisions involve problems with limited number of
decision variables.
Correct Answer False
Your Answer True
True/False
Question Service time can be either fixed & balanced layouts or it can
be variable.
Correct Answer True
Sem-4 (Operations) -- Quantitative Techniques
Page 44 of 71
Your Answer True
Select The Blank
Question LP decide on product quantities to maximize profit is
________.
Correct Answer Product Mix Problems
Your Answer Transportation Problems
True/False
Question The graphical method is simple to understand & easy to use
Correct Answer True
Your Answer True
Multiple Choice Multiple Answer
Question Point of intersection of pure strategies is called :-
Correct Answer Value , Saddle point
Your Answer Payoff , Value , Optimal strategy
True/False
Question Sensitivity analysis can be illustrated easily by drawing the
graph of the changes
Correct Answer True
Your Answer True
Match The Following
Question Correct Answer Your Answer
Political Risks People Resistance Institution
Financial Risks ROI CAD / CAM
Technical Risks CAD / CAM People Resistance
Functional Risks HRD ROI
Select The Blank
Question In North West Corner Method, the ________ is handled
Correct Answer Procedure of allocating units to cells
Your Answer Satisfies supply & demand conditions
Sem-4 (Operations) -- Quantitative Techniques
Page 45 of 71
Question Linear Programming deciding on product quantities to
maximize profit is called :-
Correct Answer Product Mix Problems
Your Answer Product Mix Problems
Select The Blank
Question A row with higher elements is called ________ row.
Correct Answer Dominating
Your Answer Major
Select The Blank
Question Number of customers in the queue plus those being serviced
is ________.
Correct Answer System Length
Your Answer Queue length
Multiple Choice Multiple Answer
Question In an assignment problem a machine is not capable of
performing a job & number machines are one less than
number of jobs, then the problem is :-
Correct Answer Unbalanced assignment problem. , Prohibited assignment
problem. , Minimization problem.
Your Answer Maximization problems. , Unbalanced assignment problem. ,
Prohibited assignment problem.
True/False
Question A game in which algebraic sum of gains of both the players
after the play is not zero is called two person non zero sum
game.
Correct Answer True
Your Answer True
Multiple Choice Single Answer
Question Graphical method of Linear Programming is useful when a
Linear Programming problem involves :-
Correct Answer Two Variables
Your Answer Two Variables
True/False
Question Surplus variable is a variable used to convert a Less than or
equal to constraint into equality by subtracting it from left
hand side of the constraint.
Correct Answer False
Your Answer True
Sem-4 (Operations) -- Quantitative Techniques
Page 46 of 71
Multiple Choice Multiple Answer
Question Terms related to NWCM are :-
Correct Answer Initial feasible solution , Allocation of units , Upper left hand
corner
Your Answer Initial feasible solution , Allocation of units , Upper left hand
corner , Materials Distribution
True/False
Question When number of minimum lines drawn covering all zero
elements are less than number of columns/rows, more than
one optimal solution exist.
Correct Answer False
Your Answer True
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 2
Multiple Choice Multiple Answer
Question Information to study an input process is :-
Correct Answer Arrival distribution , Inter-arrival distribution , Mean arrival rate
Your Answer Arrival distribution , Finance , Inter-arrival distribution
Multiple Choice Multiple Answer
Question Which of the following can be considered as a general rules
for data collection in the decision making process?
Correct Answer The information should be subjected to checks and cross
checks , The information must be collected from the most
reliable source , All relevant facts, regardless of how
disorganised and unrelated they seem at the time of data
gathering, should be recorded
Your Answer The information should be subjected to checks and cross
checks , Only organised and related facts should be collected
, The information must be collected from the most reliable
source
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
Sem-4 (Operations) -- Quantitative Techniques
Page 47 of 71
Question Combination of strategies of players determines :-
Correct Answer Outcomes , Payoff
Your Answer Outcomes , Minimax , Saddle point
True/False
Question Decision alternatives must not be mutually exclusive.
Correct Answer False
Your Answer True
Multiple Choice Single Answer
Question Value of a game having saddle point equals :-
Correct Answer Saddle point
Your Answer Saddle point
Multiple Choice Multiple Answer
Question Pure strategies art also called :-
Correct Answer Minimax pure strategy , Maximin pure strategy , Optimal
strategies
Your Answer Minimax pure strategy , Maximin pure strategy , Mixed
strategy
Match The Following
Question Correct Answer Your Answer
Transportation Tableau Data on shipping costs Data on shipping costs
Transportation Problem Transportation of goods Supply points equals total
Balanced Transportation Supply points equals Mechanism of Operation
Un-balanced Supply points does not Transportation of goods
Multiple Choice Multiple Answer
Question Special cases on simplex method are :-
Correct Answer Multiple Optimal Solution , Unbounded Solution , Infeasible
Solution
Your Answer Multiple Optimal Solution , Unbounded Solution , Infeasible
Solution
Multiple Choice Single Answer
Question Linear Programming develop a work schedule to meet staff
needs at all hours with minimum number of employees is
Sem-4 (Operations) -- Quantitative Techniques
Page 48 of 71
Correct Answer Staffing Problems
Your Answer Staffing Problems
True/False
Question A 2x2 mixed strategy game is solved by 1 mere
programming.
Correct Answer False
Your Answer True
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 Static decisions are essentially not a one time decisions.
Correct Answer False
Your Answer True
Select The Blank
Question ________ is called Stepping Stone Method.
Correct Answer Unoccupied cells to achieve solution
Your Answer Avoidance of high penalty & high-cost
Select The Blank
Question Decision Making under Un-certainty is called as ________.
Correct Answer Uncertain Situations
Your Answer Stochastic Model
Multiple Choice Single Answer
Question Which of the decision theory model indicates the situations
where consequences of each act of decision maker are
influenced by acts of opponent?
Correct Answer Competitive strategies
Your Answer Deterministic models
Multiple Choice Single Answer
Question Time spent by Service Facility to render the service to a
Sem-4 (Operations) -- Quantitative Techniques
Page 49 of 71
Correct Answer Service time
Your Answer Service time
Multiple Choice Single Answer
Question In pure strategy game, strategies of players are represented
by row and maximin is 4. There value and game is :-
Correct Answer 4
Your Answer –4
Multiple Choice Multiple Answer
Question Words related to NWCM are :-
Correct Answer North , Corner , West
Your Answer North , Corner , West , Mechanism
Multiple Choice Single Answer
Question Sequence of steps performed in moving from one basic
feasible solution to another basic feasible solution is :-
Correct Answer Iteration
Your Answer Iteration
Multiple Choice Single Answer
Question In a pure strategy game, probability of selection of his optimal
strategy by a player is :-
Correct Answer 1
Your Answer Zero
Multiple Choice Single Answer
Question Linear Programming is one of the most popular techniques of
:-
Correct Answer Operation Research
Your Answer Operation Research
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 What do you mean by the decisions taken by the lower levels
of management as an outcome of policy decision?
Correct Answer Operating decision
Sem-4 (Operations) -- Quantitative Techniques
Page 50 of 71
Your Answer Personal decision
Multiple Choice Single Answer
Question Study of Comparable Past Events & Forecasting Future
Events is :-
Correct Answer Probability Theory
Your Answer Probability Theory
Select The Blank
Question A game in which there are two competing parties is called
________ game.
Correct Answer 2 person
Your Answer 2 x 3

Sunday, April 26, 2009

Strategic Management - 21

LIST OF ATTEMPTED QUESTIONS AND ANSWERS


Multiple Choice Multiple Answer
Question Factors encouraging joint ventures are
Correct Answer sharing competence of each other , uneconomical separate existence , risk of business gets shared
Your Answer uneconomical separate existence , risk of business gets shared , sharing competence of each other


Multiple Choice Multiple Answer
Question How does 'structure' reduce external uncertainity arising out of human behaviour
Correct Answer Research and planning , Forecasting
Your Answer Research and planning , Forecasting


Select The Blank
Question ETOP stands for ________.
Correct Answer environmental threat & opportunity profile
Your Answer environmental threat & opportunity profile


Multiple Choice Single Answer
Question It is designed to monitor a broad range of events inside and outside the company that are likely to threaten a firm's strategy
Correct Answer Strategic surveillance
Your Answer Strategic surveillance


Multiple Choice Single Answer
Question A strategy used to learn more about customers need & behaviours in order to develop stronger relationship with them is
Correct Answer CRM
Your Answer CRM


True/False
Question Three C's affecting today's companies are customer, competition & change
Correct Answer True
Your Answer True


Multiple Choice Single Answer
Question A network of facilities and distribution that performs the functions of procurement of materials trasforming into intermediate and finished products & distributing them to customers is
Correct Answer Supply chains
Your Answer Supply chains


Multiple Choice Single Answer
Question Concentric diversification means
Correct Answer new activity related to existing business
Your Answer new activity related to existing business


Multiple Choice Multiple Answer
Question The major issues of appraisal system are
Correct Answer Factors of appraisal , Relevance of apprasial , Procedure of appraisal
Your Answer Factors of appraisal , Relevance of apprasial , Procedure of appraisal


Select The Blank
Question A hardware manufacture enters into software is an example of ________integration.
Correct Answer vertical ( forward )
Your Answer horizontal


Select The Blank
Question Tata motors goal of reaching middle class two wheeler owners is a ________ category of goal.
Correct Answer internal transformation
Your Answer target


Multiple Choice Single Answer
Question Strategic management is mainly the responsibility of
Correct Answer Top Management
Your Answer Top Management


Multiple Choice Single Answer
Question Knowledge of the relationships between choices, environment & outcomes is
Correct Answer familiarity
Your Answer familiarity


Multiple Choice Single Answer
Question This strategic posture plays a leadership role in establishing how the industry operates
Correct Answer Shapers
Your Answer Shapers


Select The Blank
Question Strategic evaluation determines the effectiveness of ________
Correct Answer Strategy
Your Answer Strategy


True/False
Question Budgets are plans expressed in numerical terms usually in financial terms
Correct Answer True
Your Answer True


Multiple Choice Single Answer
Question These are critical situations that occur unexpectedly and threaten the course of a firm's strategy
Correct Answer Crisis
Your Answer Crisis


True/False
Question Scheduling is a part of strategic management.
Correct Answer False
Your Answer False


Select The Blank
Question Brush your teeth twice a day is an example of expanding the total market by________.
Correct Answer more usage
Your Answer more usage


Multiple Choice Single Answer
Question This strategic posture takes the current industry structure and its future evolution as given and then react to the opportunities the market offers
Correct Answer Adapters
Your Answer Adapters


Multiple Choice Multiple Answer
Question The various models of social responsibility are
Correct Answer Austere Model , Vendors Model , Civic Model
Your Answer Vendors Model , Civic Model , Austere Model


Multiple Choice Multiple Answer
Question Principles to manage strategic alliances are
Correct Answer clarity in strategy & responsibilities , blending cultures , provide for an exit strategy
Your Answer clarity in strategy & responsibilities , blending cultures , provide for an exit strategy


Select The Blank
Question ________ is a deep understanding of ones emotions, strengths, weaknesses, needs, drives & their effects on self and others.
Correct Answer Self-awareness
Your Answer Self-awareness


True/False
Question Acquisitions which are friendly are termed as "take-overs".
Correct Answer False
Your Answer True


Match The Following
Question
Correct Answer Your Answer
Fit
SWOT analysis first intensive target
Vision
what a company wishes to become or aspires to be. what a company wishes to become or aspires to be.
mission
what the company is and why it exists. what the company is and why it exists.
BHAG
big headed audacious goals big headed audacious goals


Multiple Choice Single Answer
Question Magnitude of the decision outcome and scope of their impact on the decision maker's domain of activity is
Correct Answer significance
Your Answer risk


True/False
Question Undec the social goals the responsibilities with regard to employees includes prociding maximum possible satisfaction to consumer providing quality goods & services at reasonable prices.
Correct Answer False
Your Answer True


Multiple Choice Multiple Answer
Question These following factors determine the desire of risk
Correct Answer Strategies , Resources
Your Answer Strategies , Resources , Time


Select The Blank
Question Make or buy decision is related with ________strategy.
Correct Answer vertical ( backward ) integration
Your Answer vertical ( forward )


Multiple Choice Multiple Answer
Question Techniques used in environmental appraisal are
Correct Answer single-variable extrapolation/multivariable interaction analysis , structured/ unstructured expert/inexpert opinion , Dynamic modes and mapping
Your Answer single-variable extrapolation/multivariable interaction analysis , structured/ unstructured expert/inexpert opinion , Dynamic modes and mapping


Select The Blank
Question Economics of scale requires ________.
Correct Answer high market share
Your Answer high market share


Multiple Choice Single Answer
Question Empower people through great software anytime , any place, on any device'- Microsoft
Correct Answer vision
Your Answer vision


Multiple Choice Multiple Answer
Question Core ideology
Correct Answer core values , core purpose
Your Answer core values , core purpose


Multiple Choice Multiple Answer
Question Competenncy models reveal three types of capabilities
Correct Answer Technical skills , Cognitive skills , Emotional Intelligence Quotient
Your Answer Technical skills , Cognitive skills , Integrity


True/False
Question Timing of measurement before hand serves the purpose of evaluation.
Correct Answer False
Your Answer True


Select The Blank
Question Titan going into setting their won retail outlets- this is ________ integration.
Correct Answer vertical ( forward )
Your Answer vertical ( forward )


Multiple Choice Single Answer
Question The aim in stability strategies is-
Correct Answer move slowly & surely
Your Answer move slowly & surely


Multiple Choice Multiple Answer
Question Factors to be considered in political- legal environmental scanning are
Correct Answer govt. policies, stability, philosophy of govt. , legal system, implementation, infrastructure , import-export
Your Answer govt. policies, stability, philosophy of govt. , legal system, implementation, infrastructure


True/False
Question Micro environment is the internal environment of a company.
Correct Answer False
Your Answer True


True/False
Question Macro environment has got immediate impact on business.
Correct Answer False
Your Answer False


Select The Blank
Question Bajaj started manufacturing of sunny is an example of ________.
Correct Answer concentration strategy
Your Answer concentration strategy


Multiple Choice Single Answer
Question The decisions which are relate to daily decisions like leave records etc. which are mundane in nature & highly routined & can be done at a junior level are
Correct Answer operational decisions
Your Answer operational decisions


Multiple Choice Multiple Answer
Question Attack strategies are
Correct Answer frontal attack , flank attack , encirclement attack
Your Answer frontal attack , flank attack , encirclement attack


True/False
Question The actual performance matches the budgeted performance. This is a realistic situation.
Correct Answer False
Your Answer False


Match The Following
Question
Correct Answer Your Answer
Comparative analysis is
historical analysis value chain analysis
Benchmarking is
competitive analysis historical analysis
Michael Hammer & James Chapy
Reengineering Reengineering
GDP stands for
gross domestic product gross domestic product


True/False
Question Counterfeiter copy but with a difference that can be seen.
Correct Answer False
Your Answer False


Select The Blank
Question Like roots of a tree, ________of organization is hidden from direct view.
Correct Answer core competence
Your Answer core competence

Startegic Management - 20

LIST OF ATTEMPTED QUESTIONS AND ANSWERS


Multiple Choice Multiple Answer
Question Factors encouraging joint ventures are
Correct Answer sharing competence of each other , uneconomical separate existence , risk of business gets shared
Your Answer uneconomical separate existence , risk of business gets shared , sharing competence of each other


Multiple Choice Multiple Answer
Question How does 'structure' reduce external uncertainity arising out of human behaviour
Correct Answer Research and planning , Forecasting
Your Answer Research and planning , Forecasting


Select The Blank
Question ETOP stands for ________.
Correct Answer environmental threat & opportunity profile
Your Answer environmental threat & opportunity profile


Multiple Choice Single Answer
Question It is designed to monitor a broad range of events inside and outside the company that are likely to threaten a firm's strategy
Correct Answer Strategic surveillance
Your Answer Strategic surveillance


Multiple Choice Single Answer
Question A strategy used to learn more about customers need & behaviours in order to develop stronger relationship with them is
Correct Answer CRM
Your Answer CRM


True/False
Question Three C's affecting today's companies are customer, competition & change
Correct Answer True
Your Answer True


Multiple Choice Single Answer
Question A network of facilities and distribution that performs the functions of procurement of materials trasforming into intermediate and finished products & distributing them to customers is
Correct Answer Supply chains
Your Answer Supply chains


Multiple Choice Single Answer
Question Concentric diversification means
Correct Answer new activity related to existing business
Your Answer new activity related to existing business


Multiple Choice Multiple Answer
Question The major issues of appraisal system are
Correct Answer Factors of appraisal , Relevance of apprasial , Procedure of appraisal
Your Answer Factors of appraisal , Relevance of apprasial , Procedure of appraisal


Select The Blank
Question A hardware manufacture enters into software is an example of ________integration.
Correct Answer vertical ( forward )
Your Answer horizontal


Select The Blank
Question Tata motors goal of reaching middle class two wheeler owners is a ________ category of goal.
Correct Answer internal transformation
Your Answer target


Multiple Choice Single Answer
Question Strategic management is mainly the responsibility of
Correct Answer Top Management
Your Answer Top Management


Multiple Choice Single Answer
Question Knowledge of the relationships between choices, environment & outcomes is
Correct Answer familiarity
Your Answer familiarity


Multiple Choice Single Answer
Question This strategic posture plays a leadership role in establishing how the industry operates
Correct Answer Shapers
Your Answer Shapers


Select The Blank
Question Strategic evaluation determines the effectiveness of ________
Correct Answer Strategy
Your Answer Strategy


True/False
Question Budgets are plans expressed in numerical terms usually in financial terms
Correct Answer True
Your Answer True


Multiple Choice Single Answer
Question These are critical situations that occur unexpectedly and threaten the course of a firm's strategy
Correct Answer Crisis
Your Answer Crisis


True/False
Question Scheduling is a part of strategic management.
Correct Answer False
Your Answer False


Select The Blank
Question Brush your teeth twice a day is an example of expanding the total market by________.
Correct Answer more usage
Your Answer more usage


Multiple Choice Single Answer
Question This strategic posture takes the current industry structure and its future evolution as given and then react to the opportunities the market offers
Correct Answer Adapters
Your Answer Adapters


Multiple Choice Multiple Answer
Question The various models of social responsibility are
Correct Answer Austere Model , Vendors Model , Civic Model
Your Answer Vendors Model , Civic Model , Austere Model


Multiple Choice Multiple Answer
Question Principles to manage strategic alliances are
Correct Answer clarity in strategy & responsibilities , blending cultures , provide for an exit strategy
Your Answer clarity in strategy & responsibilities , blending cultures , provide for an exit strategy


Select The Blank
Question ________ is a deep understanding of ones emotions, strengths, weaknesses, needs, drives & their effects on self and others.
Correct Answer Self-awareness
Your Answer Self-awareness


True/False
Question Acquisitions which are friendly are termed as "take-overs".
Correct Answer False
Your Answer True


Match The Following
Question
Correct Answer Your Answer
Fit
SWOT analysis first intensive target
Vision
what a company wishes to become or aspires to be. what a company wishes to become or aspires to be.
mission
what the company is and why it exists. what the company is and why it exists.
BHAG
big headed audacious goals big headed audacious goals


Multiple Choice Single Answer
Question Magnitude of the decision outcome and scope of their impact on the decision maker's domain of activity is
Correct Answer significance
Your Answer risk


True/False
Question Undec the social goals the responsibilities with regard to employees includes prociding maximum possible satisfaction to consumer providing quality goods & services at reasonable prices.
Correct Answer False
Your Answer True


Multiple Choice Multiple Answer
Question These following factors determine the desire of risk
Correct Answer Strategies , Resources
Your Answer Strategies , Resources , Time


Select The Blank
Question Make or buy decision is related with ________strategy.
Correct Answer vertical ( backward ) integration
Your Answer vertical ( forward )


Multiple Choice Multiple Answer
Question Techniques used in environmental appraisal are
Correct Answer single-variable extrapolation/multivariable interaction analysis , structured/ unstructured expert/inexpert opinion , Dynamic modes and mapping
Your Answer single-variable extrapolation/multivariable interaction analysis , structured/ unstructured expert/inexpert opinion , Dynamic modes and mapping


Select The Blank
Question Economics of scale requires ________.
Correct Answer high market share
Your Answer high market share


Multiple Choice Single Answer
Question Empower people through great software anytime , any place, on any device'- Microsoft
Correct Answer vision
Your Answer vision


Multiple Choice Multiple Answer
Question Core ideology
Correct Answer core values , core purpose
Your Answer core values , core purpose


Multiple Choice Multiple Answer
Question Competenncy models reveal three types of capabilities
Correct Answer Technical skills , Cognitive skills , Emotional Intelligence Quotient
Your Answer Technical skills , Cognitive skills , Integrity


True/False
Question Timing of measurement before hand serves the purpose of evaluation.
Correct Answer False
Your Answer True


Select The Blank
Question Titan going into setting their won retail outlets- this is ________ integration.
Correct Answer vertical ( forward )
Your Answer vertical ( forward )


Multiple Choice Single Answer
Question The aim in stability strategies is-
Correct Answer move slowly & surely
Your Answer move slowly & surely


Multiple Choice Multiple Answer
Question Factors to be considered in political- legal environmental scanning are
Correct Answer govt. policies, stability, philosophy of govt. , legal system, implementation, infrastructure , import-export
Your Answer govt. policies, stability, philosophy of govt. , legal system, implementation, infrastructure


True/False
Question Micro environment is the internal environment of a company.
Correct Answer False
Your Answer True


True/False
Question Macro environment has got immediate impact on business.
Correct Answer False
Your Answer False


Select The Blank
Question Bajaj started manufacturing of sunny is an example of ________.
Correct Answer concentration strategy
Your Answer concentration strategy


Multiple Choice Single Answer
Question The decisions which are relate to daily decisions like leave records etc. which are mundane in nature & highly routined & can be done at a junior level are
Correct Answer operational decisions
Your Answer operational decisions


Multiple Choice Multiple Answer
Question Attack strategies are
Correct Answer frontal attack , flank attack , encirclement attack
Your Answer frontal attack , flank attack , encirclement attack


True/False
Question The actual performance matches the budgeted performance. This is a realistic situation.
Correct Answer False
Your Answer False


Match The Following
Question
Correct Answer Your Answer
Comparative analysis is
historical analysis value chain analysis
Benchmarking is
competitive analysis historical analysis
Michael Hammer & James Chapy
Reengineering Reengineering
GDP stands for
gross domestic product gross domestic product


True/False
Question Counterfeiter copy but with a difference that can be seen.
Correct Answer False
Your Answer False


Select The Blank
Question Like roots of a tree, ________of organization is hidden from direct view.
Correct Answer core competence
Your Answer core competence

Managerial Economics - 26

LIST OF ATTEMPTED QUESTIONS AND ANSWERS


Multiple Choice Single Answer
Question In cost - benefit analysis, after the step of appraisal and selection of the project is the step of
Correct Answer comparison of the cash flow
Your Answer comparison of the cash flow


Select The Blank
Question In the context of formulating an investment project, ________ feasibility means the availability of supervisors for implementing and running the project smoothly and professionally.
Correct Answer management
Your Answer management


True/False
Question The externalities that may be an economic gain or economic losses to other economic units are referred to as technological externalities.
Correct Answer False
Your Answer False


Select The Blank
Question The minimum number of directors which private limited should have is ________.
Correct Answer 2
Your Answer 3


Multiple Choice Multiple Answer
Question Co-operative organizations is
Correct Answer voluntary organization , managed by democratic principle , organization, which performs its business within the members
Your Answer voluntary organization , managed by democratic principle , organization, which performs its business within the members


Multiple Choice Multiple Answer
Question Main aims of the New Industrial Policy (1991) are
Correct Answer To unshackle the indian industrial economy from the cobwebs of unnecessary bureaucratic control , To introduce liberalization with a view to integrate the indian economy with the world economy , To remove restrictions on direct foreign investment as also to free the domestic entrepreneur from the restriction of MRTP act
Your Answer To unshackle the indian industrial economy from the cobwebs of unnecessary bureaucratic control , To introduce liberalization with a view to integrate the indian economy with the world economy , To remove restrictions on direct foreign investment as also to free the domestic entrepreneur from the restriction of MRTP act


Multiple Choice Multiple Answer
Question Quantitative credit control measures are
Correct Answer open market operations , changes in bank rates , changes in statutory reserve ratio
Your Answer open market operations , changes in bank rates , changes in statutory reserve ratio


Multiple Choice Single Answer
Question The principle of full employment equilibrium was stated by
Correct Answer Say's Law of Market
Your Answer Say's Law of Market


Select The Blank
Question Increase in consumer's income leads in the demand for inferior goods to ________
Correct Answer decrease
Your Answer decrease


True/False
Question The congress government led by Narsimha Rao announced the New Industrial Policy in July 1991.
Correct Answer True
Your Answer True


Select The Blank
Question The index numbers which measure the changes in the general price level of a country refers to ________
Correct Answer Wholesale prices index
Your Answer Wholesale prices index


Multiple Choice Single Answer
Question Peas & beas, groundnut oil & til oil, tea & coffee are examples of
Correct Answer substitutes goods
Your Answer substitutes goods


Multiple Choice Multiple Answer
Question Exceptions to the Law of Demand are
Correct Answer Giffen goods , Articles of snob appeal , Speculation
Your Answer Giffen goods , Articles of snob appeal , Speculation


Multiple Choice Single Answer
Question Variable cost are those costs which vary with the level of
Correct Answer output
Your Answer output


Multiple Choice Single Answer
Question Costs which increase because of the expansion of a firm are called
Correct Answer incremental
Your Answer incremental


Multiple Choice Single Answer
Question Managerial economics is also understood to refer to
Correct Answer applied economics
Your Answer applied economics


Multiple Choice Single Answer
Question The suggestion of reasonable profit target as an alternative to the objective of profit maximization is by
Correct Answer Joel Dean
Your Answer Joel Dean


Multiple Choice Multiple Answer
Question Different types of business organizations are
Correct Answer private sector , public sector , joint sector
Your Answer public sector , joint sector , private sector


Select The Blank
Question Defence service is an example of ________ good.
Correct Answer indivisible
Your Answer indivisible


Multiple Choice Multiple Answer
Question The advantage of cost-benefit analysis are
Correct Answer Maximization of social welfare , Objective measurement of the trade-off , Maximization of difference between total benefits & total costs
Your Answer Maximization of social welfare , Objective measurement of the trade-off , Maximization of difference between total benefits & total costs


Multiple Choice Single Answer
Question The income which a businessman might expect from the second best alternative use of his resources is called as
Correct Answer opportunity cost
Your Answer opportunity cost


Match The Following
Question Correct Answer Your Answer

Motor cars Tangible goods Tangible goods

Wants Insatiable Insatiable

Managerial Economics Prescriptive in nature Prescriptive in nature

Resources Alternative uses Alternative uses

Division of society's output of goods and services The theory of distribution The theory of distribution



Multiple Choice Single Answer
Question The type economic problem is
Correct Answer universal
Your Answer universal


True/False
Question The defence services are indivisible in the sense that they cannot be priced in the market in order to deprive some members of the society from its use or benefits.
Correct Answer True
Your Answer True


Select The Blank
Question The good becomes ________ so far as its use is concerned only when it is priced in the market and the principle of exclusion is applied to it.
Correct Answer divisible
Your Answer divisible


Select The Blank
Question Output rises in a lesser proportion to that of the increase in input, under the case of ________.
Correct Answer decreasing returns to scale
Your Answer decreasing returns to scale


True/False
Question The law of supply is not hypothetical.
Correct Answer False
Your Answer False


True/False
Question In a free-enterprise economy, the problems of what how and for whom are solved by a planning committee
Correct Answer False
Your Answer False


Multiple Choice Single Answer
Question Dalal Street in Bombay is known as
Correct Answer Bombay Stock Exchange
Your Answer Bombay Stock Exchange


True/False
Question Accounting profit takes in to account opportunity cost.
Correct Answer False
Your Answer False


Multiple Choice Multiple Answer
Question Types of Share capital of Joint-Stock Company are
Correct Answer registered or authorized capital , issued capital , paid-up capital
Your Answer registered or authorized capital , issued capital , paid-up capital


True/False
Question A Joint Stock Company is managed by the Board of Directors elected by shareholders.
Correct Answer True
Your Answer True


True/False
Question A plant is an economic unit which takes various decisions related to production and distribution.
Correct Answer False
Your Answer False


Multiple Choice Single Answer
Question Every nation's resources which are used to produce the quantities of goods and services that would be required to satisfy all its citizen's wants are
Correct Answer insufficient
Your Answer insufficient


Multiple Choice Single Answer
Question A firm gets an opportunity to produce multiple products because changes in business activity in a firms is
Correct Answer cyclical
Your Answer cyclical


Multiple Choice Multiple Answer
Question Major types of costs are
Correct Answer Accounting costs , Economic costs , Opportunity costs
Your Answer Accounting costs , Economic costs , Opportunity costs


Multiple Choice Single Answer
Question Managerial economics generally refers to the integration of economic theory with business
Correct Answer Practice
Your Answer Practice


Select The Blank
Question The liability of a Karta in a Joint Hindu Family Business firm is ________.
Correct Answer limited
Your Answer limited


Multiple Choice Multiple Answer
Question The production function studies
Correct Answer Input and out put relation , Factors of production and final production , Technology used in production
Your Answer Input and out put relation , Factors of production and final production , Technology used in production


Select The Blank
Question An upward sloping demand curve is called ________
Correct Answer exceptional demand curve
Your Answer exceptional demand curve


Select The Blank
Question Economists like A.C.Harberger have shown that the cost benefit analysis can be applied to ________ analysis.
Correct Answer general equilibrium
Your Answer general equilibrium


Select The Blank
Question The necessary condition of profit maximization of a firm is that Marginal Revenue (M.R) must be equal to ________.
Correct Answer Marginal cost (M.C)
Your Answer Marginal cost (M.C)


Multiple Choice Multiple Answer
Question Managerial economics deals with
Correct Answer Integration of economic theory with business practice , Using logic of economics, mathematics & statistics , The use of economic modes of thought to analyze business solution
Your Answer Integration of economic theory with business practice , Using logic of economics, mathematics & statistics , The use of economic modes of thought to analyze business solution


Match The Following
Question Correct Answer Your Answer

Implicit costs are the cost of resources owned by the firm. of resources owned by the firm.

Opportunity costs are also known as alternative costs alternative costs

The difference between average total cost &average fixed cost shows variable cost variable cost

The difference between average cost and average revenue is average profit average profit



Multiple Choice Single Answer
Question In a market economy, a firm in the private sector basically aims at maximization of
Correct Answer money profits
Your Answer money profits


Multiple Choice Single Answer
Question Under pure competition, the entry & exit of firms is
Correct Answer free
Your Answer free


True/False
Question A supply schedule is a graphical presentation of supply patterns.
Correct Answer False
Your Answer False

Thursday, April 23, 2009

Business Communication SCDL New Engine Assignment - 1

Wednesday, April 22, 2009

Principles and Practices of Management - 20

LIST OF ATTEMPTED QUESTIONS AND ANSWERS


Multiple Choice Single Answer
Question In which type of income class, does the insurance sector have to face the challenge of making insurance a buying priority?
Correct Answer lower-middle
Your Answer lower-middle


Multiple Choice Multiple Answer
Question Empathy is particularly important today as a component of leadership for the following
Correct Answer rapid pace of globalisation , increasing use of teams , growing need to retain talent
Your Answer increasing use of teams , growing need to retain talent , rapid pace of globalisation


True/False
Question Financial institutions should maintain a close relationship to seek a seat on the board.
Correct Answer False
Your Answer False


Multiple Choice Single Answer
Question One of the internal environment factors that influences management is
Correct Answer Place
Your Answer Place


True/False
Question The financial structure is not one of the five channels of corporate governance.
Correct Answer False
Your Answer False


Multiple Choice Single Answer
Question Who said, "Management is a multiple organ that manages a business, manages a manager and manages workers and work"?
Correct Answer Peter Drucker
Your Answer Peter Drucker


Select The Blank
Question Service sector has grown because of________.
Correct Answer contracting
Your Answer contracting


Multiple Choice Single Answer
Question One of the external environment factors that influences Management is
Correct Answer Legal
Your Answer Legal


Multiple Choice Single Answer
Question This is one of the good control system where the system should confirm to the nature and needs of the activity or position sought to be controlled
Correct Answer Suitability
Your Answer Suitability


Select The Blank
Question It is said that, 'Don't follow practices of delegation on ________'.
Correct Answer Paper
Your Answer Paper


Multiple Choice Multiple Answer
Question Under mechanism of scientific management, scientific task setting includes :
Correct Answer Time study , Motion study , Method study
Your Answer Time study , Motion study , Method study


Multiple Choice Multiple Answer
Question Franchisee stores can be categorized as
Correct Answer Gift and Card Stores , Apparel Stores , Jewellery Stores
Your Answer Gift and Card Stores , Apparel Stores , Jewellery Stores


Multiple Choice Single Answer
Question Life Insurance Corporation was nationalized by merging how many private insurance companies?
Correct Answer 245
Your Answer 245


Multiple Choice Single Answer
Question Where is the attack on business families coming from
Correct Answer Transnationals
Your Answer Transnationals


Multiple Choice Single Answer
Question Motivating a worker is to create a need and what else on the part of a worker to better his present performance.
Correct Answer Desire
Your Answer Desire


Match The Following
Question Correct Answer Your Answer

Internet Further development of retail sector in India Further development of retail sector in India

Important trends in retailing Market concentration Market concentration

Exclusive retailing Apparel retailing stores Apparel retailing stores

Retailing category based on shop area/location High street stores High street stores



Multiple Choice Multiple Answer
Question The objectives in corporate governance are
Correct Answer growth , stability , shareholders value maximization
Your Answer stability , shareholders value maximization , growth


True/False
Question Wrong medium of communication is a physical barrier.
Correct Answer False
Your Answer False


Multiple Choice Single Answer
Question Management is
Correct Answer Creative
Your Answer Creative


Match The Following
Question Correct Answer Your Answer

Leading companies in this sector of event management Whizcraft Entertainment Ltd, Midas Events, Fountain Head Whizcraft Entertainment Ltd, Midas Events, Fountain Head

Problems faced by event management industry In addition to the entertainment tax, an event management company is also required to pay service tax In addition to the entertainment tax, an event management company is also required to pay service tax

Areas of operations in event management Celebrity management, television events Celebrity management, television events

Definition of event management Events are the occurrences designed for marketing interests Events are the occurrences designed for marketing interests



Multiple Choice Single Answer
Question Management is the combination of Arts, Science and
Correct Answer Profession
Your Answer Profession


Multiple Choice Single Answer
Question What did chanakya write ?
Correct Answer Arthashastra
Your Answer Arthashastra


Multiple Choice Single Answer
Question Management is
Correct Answer Multidisciplinary
Your Answer Multidisciplinary


True/False
Question Fear among managers is not a barrier to delegation of authority.
Correct Answer False
Your Answer False


True/False
Question Vision without mission is incomplete and mission without vision is meaningless.
Correct Answer True
Your Answer True


Multiple Choice Single Answer
Question Companies like Godrej, Infosys are arranging which sessions for their employees
Correct Answer Yoga
Your Answer Yoga


True/False
Question Expectancy theory of motivation predicts that an individual will generally be a high performer when he see a high probability that his efforts will lead to high performance.
Correct Answer True
Your Answer True


Multiple Choice Multiple Answer
Question Peter Drucker is an expert on :
Correct Answer Japanese art , History of technology , History of American statesman
Your Answer Japanese art , History of technology , History of American statesman


Select The Blank
Question ________ decisions relate to the day to day operations of the enterprise generally taken by middle and lower level management.
Correct Answer Operative
Your Answer Operative


Multiple Choice Multiple Answer
Question Name the following topics that gives an idea about the concept of organizing.
Correct Answer Decentralization , Staffing process , Span of management
Your Answer Decentralization , Staffing process , Span of management


Multiple Choice Multiple Answer
Question The tools and techniques used in learning organizations are
Correct Answer creativity, brainstorming , observing outcomes , reframing knowledge
Your Answer creativity, brainstorming , observing outcomes , reframing knowledge


Multiple Choice Single Answer
Question Who said, "Management is the creation and maintenance of internal environment in an enterprise, where individuals working in groups can perform efficiently and effectively towards the attainment of gr
Correct Answer Koontz & O 'Donell
Your Answer Koontz & O 'Donell


Select The Blank
Question ________ is effective only in big organizations.
Correct Answer Decentralization
Your Answer Decentralization


Select The Blank
Question Training your subordinate means ________ them.
Correct Answer Motivating
Your Answer Motivating


True/False
Question Indian companies because of confused status have lacked self-confidence.
Correct Answer True
Your Answer True


Select The Blank
Question ________ with sympathy can reduce some of the daily frustrations in organised life and result in better communication.
Correct Answer Listening
Your Answer Listening


Multiple Choice Multiple Answer
Question The lack of communication leads to
Correct Answer information gap , disintegration , deviation from performance
Your Answer information gap , disintegration , deviation from performance


Multiple Choice Single Answer
Question Which segment of event management has the potential to gross the largest in India?
Correct Answer Live entertainment
Your Answer Live entertainment


Select The Blank
Question Being more attuned to the feelings of those you work with is a benefit of ________.
Correct Answer Emotional Quotient
Your Answer Emotional Quotient


Multiple Choice Single Answer
Question Who said, "Management is management of Men, Money, Machinery Materials and Information?"
Correct Answer Anonymous
Your Answer Anonymous


Multiple Choice Multiple Answer
Question Functional authority works only when,
Correct Answer Assignment is clarified , The subordinates are allowed to participate , Feedback control is established
Your Answer Assignment is clarified , The subordinates are allowed to participate , Feedback control is established


True/False
Question Motivation of subordinates to meet the expectations of the manager is a feature of direction.
Correct Answer False
Your Answer False


True/False
Question the heart of administration is the directing function.
Correct Answer True
Your Answer True


True/False
Question Learning organizations must adopt processes that encourage interaction across boundaries
Correct Answer True
Your Answer True


Multiple Choice Single Answer
Question What is it when you are feeling and being in touch with subtle feeling about things ?
Correct Answer Self awareness
Your Answer Empathy


Select The Blank
Question Many families were running the business with a law ________ stake of 15% to 20%.
Correct Answer Capital
Your Answer Capital


Multiple Choice Multiple Answer
Question An SBU is an independent business with a coherent set of
Correct Answer products , competitors , objectives
Your Answer products , competitors , objectives

Principles and Practices of Management - 19

LIST OF ATTEMPTED QUESTIONS AND ANSWERS


Multiple Choice Single Answer
Question In which type of income class, does the insurance sector have to face the challenge of making insurance a buying priority?
Correct Answer lower-middle
Your Answer lower-middle


Multiple Choice Multiple Answer
Question Empathy is particularly important today as a component of leadership for the following
Correct Answer rapid pace of globalisation , increasing use of teams , growing need to retain talent
Your Answer increasing use of teams , growing need to retain talent , rapid pace of globalisation


True/False
Question Financial institutions should maintain a close relationship to seek a seat on the board.
Correct Answer False
Your Answer False


Multiple Choice Single Answer
Question One of the internal environment factors that influences management is
Correct Answer Place
Your Answer Place


True/False
Question The financial structure is not one of the five channels of corporate governance.
Correct Answer False
Your Answer False


Multiple Choice Single Answer
Question Who said, "Management is a multiple organ that manages a business, manages a manager and manages workers and work"?
Correct Answer Peter Drucker
Your Answer Peter Drucker


Select The Blank
Question Service sector has grown because of________.
Correct Answer contracting
Your Answer contracting


Multiple Choice Single Answer
Question One of the external environment factors that influences Management is
Correct Answer Legal
Your Answer Legal


Multiple Choice Single Answer
Question This is one of the good control system where the system should confirm to the nature and needs of the activity or position sought to be controlled
Correct Answer Suitability
Your Answer Suitability


Select The Blank
Question It is said that, 'Don't follow practices of delegation on ________'.
Correct Answer Paper
Your Answer Paper


Multiple Choice Multiple Answer
Question Under mechanism of scientific management, scientific task setting includes :
Correct Answer Time study , Motion study , Method study
Your Answer Time study , Motion study , Method study


Multiple Choice Multiple Answer
Question Franchisee stores can be categorized as
Correct Answer Gift and Card Stores , Apparel Stores , Jewellery Stores
Your Answer Gift and Card Stores , Apparel Stores , Jewellery Stores


Multiple Choice Single Answer
Question Life Insurance Corporation was nationalized by merging how many private insurance companies?
Correct Answer 245
Your Answer 245


Multiple Choice Single Answer
Question Where is the attack on business families coming from
Correct Answer Transnationals
Your Answer Transnationals


Multiple Choice Single Answer
Question Motivating a worker is to create a need and what else on the part of a worker to better his present performance.
Correct Answer Desire
Your Answer Desire


Match The Following
Question Correct Answer Your Answer

Internet Further development of retail sector in India Further development of retail sector in India

Important trends in retailing Market concentration Market concentration

Exclusive retailing Apparel retailing stores Apparel retailing stores

Retailing category based on shop area/location High street stores High street stores



Multiple Choice Multiple Answer
Question The objectives in corporate governance are
Correct Answer growth , stability , shareholders value maximization
Your Answer stability , shareholders value maximization , growth


True/False
Question Wrong medium of communication is a physical barrier.
Correct Answer False
Your Answer False


Multiple Choice Single Answer
Question Management is
Correct Answer Creative
Your Answer Creative


Match The Following
Question Correct Answer Your Answer

Leading companies in this sector of event management Whizcraft Entertainment Ltd, Midas Events, Fountain Head Whizcraft Entertainment Ltd, Midas Events, Fountain Head

Problems faced by event management industry In addition to the entertainment tax, an event management company is also required to pay service tax In addition to the entertainment tax, an event management company is also required to pay service tax

Areas of operations in event management Celebrity management, television events Celebrity management, television events

Definition of event management Events are the occurrences designed for marketing interests Events are the occurrences designed for marketing interests



Multiple Choice Single Answer
Question Management is the combination of Arts, Science and
Correct Answer Profession
Your Answer Profession


Multiple Choice Single Answer
Question What did chanakya write ?
Correct Answer Arthashastra
Your Answer Arthashastra


Multiple Choice Single Answer
Question Management is
Correct Answer Multidisciplinary
Your Answer Multidisciplinary


True/False
Question Fear among managers is not a barrier to delegation of authority.
Correct Answer False
Your Answer False


True/False
Question Vision without mission is incomplete and mission without vision is meaningless.
Correct Answer True
Your Answer True


Multiple Choice Single Answer
Question Companies like Godrej, Infosys are arranging which sessions for their employees
Correct Answer Yoga
Your Answer Yoga


True/False
Question Expectancy theory of motivation predicts that an individual will generally be a high performer when he see a high probability that his efforts will lead to high performance.
Correct Answer True
Your Answer True


Multiple Choice Multiple Answer
Question Peter Drucker is an expert on :
Correct Answer Japanese art , History of technology , History of American statesman
Your Answer Japanese art , History of technology , History of American statesman


Select The Blank
Question ________ decisions relate to the day to day operations of the enterprise generally taken by middle and lower level management.
Correct Answer Operative
Your Answer Operative


Multiple Choice Multiple Answer
Question Name the following topics that gives an idea about the concept of organizing.
Correct Answer Decentralization , Staffing process , Span of management
Your Answer Decentralization , Staffing process , Span of management


Multiple Choice Multiple Answer
Question The tools and techniques used in learning organizations are
Correct Answer creativity, brainstorming , observing outcomes , reframing knowledge
Your Answer creativity, brainstorming , observing outcomes , reframing knowledge


Multiple Choice Single Answer
Question Who said, "Management is the creation and maintenance of internal environment in an enterprise, where individuals working in groups can perform efficiently and effectively towards the attainment of gr
Correct Answer Koontz & O 'Donell
Your Answer Koontz & O 'Donell


Select The Blank
Question ________ is effective only in big organizations.
Correct Answer Decentralization
Your Answer Decentralization


Select The Blank
Question Training your subordinate means ________ them.
Correct Answer Motivating
Your Answer Motivating


True/False
Question Indian companies because of confused status have lacked self-confidence.
Correct Answer True
Your Answer True


Select The Blank
Question ________ with sympathy can reduce some of the daily frustrations in organised life and result in better communication.
Correct Answer Listening
Your Answer Listening


Multiple Choice Multiple Answer
Question The lack of communication leads to
Correct Answer information gap , disintegration , deviation from performance
Your Answer information gap , disintegration , deviation from performance


Multiple Choice Single Answer
Question Which segment of event management has the potential to gross the largest in India?
Correct Answer Live entertainment
Your Answer Live entertainment


Select The Blank
Question Being more attuned to the feelings of those you work with is a benefit of ________.
Correct Answer Emotional Quotient
Your Answer Emotional Quotient


Multiple Choice Single Answer
Question Who said, "Management is management of Men, Money, Machinery Materials and Information?"
Correct Answer Anonymous
Your Answer Anonymous


Multiple Choice Multiple Answer
Question Functional authority works only when,
Correct Answer Assignment is clarified , The subordinates are allowed to participate , Feedback control is established
Your Answer Assignment is clarified , The subordinates are allowed to participate , Feedback control is established


True/False
Question Motivation of subordinates to meet the expectations of the manager is a feature of direction.
Correct Answer False
Your Answer False


True/False
Question the heart of administration is the directing function.
Correct Answer True
Your Answer True


True/False
Question Learning organizations must adopt processes that encourage interaction across boundaries
Correct Answer True
Your Answer True


Multiple Choice Single Answer
Question What is it when you are feeling and being in touch with subtle feeling about things ?
Correct Answer Self awareness
Your Answer Empathy


Select The Blank
Question Many families were running the business with a law ________ stake of 15% to 20%.
Correct Answer Capital
Your Answer Capital


Multiple Choice Multiple Answer
Question An SBU is an independent business with a coherent set of
Correct Answer products , competitors , objectives
Your Answer products , competitors , objectives

An Appeal to SCDL students

Dear SCDL Student,

We at http://scdlpapers.blogspot.com tries to collect and spread the knowledge in terms of the solved papers and assignments which we are getting through SCDL Alumni.
Now we request you to help other students through mutual sharing. Please send your assignment questions/papers to "mindgrill@gmail.com" . We will publish them on this blog along with your name.
Your help can be boon for many students to clear their exams.

Best of Luck and waiting for your contributions.

Team @ MindGrill
 

Interview Preparation | Placement Papers