Principles and Practices of Management

91. ______________ helps management to evaluate alternative course of action for selecting the best course of action

1. Operations research
2. Quantitative technique
3. Management research
4. None of the above

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92. ______________ Is known as symbolic model

1. Iconic
2. Mathematical
3. Analogue
4. None of the above

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93. Which of the following as an assumption of an LP model

1. Divisibility
2. Proportionality
3. Additively
4. all of the above

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94. While solving LP problem graphically, the area bounded by the constraints is called

1. Feasible region
2. Infeasible region
3. Unbounded solution
4. None of the above

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95. Any activity which does not consume either any resource or time is called ______________ activity.

1. Predecessor
2. Successor
3. Dummy
4. End

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96. Activities lying on the critical path are called ______________

1. Net work
2. Critical path
3. Critical activities
4. None of the above

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97. ______________ is activity oriented.

1. CPM
2. PERT
3. LP
4. None of the above

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98. ______________ is a scheme or design of something intended or device.

1. Programme
2. Project
3. Network
4. Float

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99. Which of the following is not a part of decision tree problem specification?

1. a list of alternatives
2. A list of possible state of nature
3. EVPI
4. Pay off associated with alternative / state of nature combination.

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100. A good decision always implies that

1. Will obtain the best final results
2. Have used appropriate quantitative analysis.
3. Have considered all alternatives
4. Have followed a logical process.

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