Principles and Practices of Management

101. The value of the coefficient of optimism is needed while using the criterion of

  1. Equally likely
  2. Maximin
  3. Realism
  4. Maximin
Correct answer: (C)
Realism

102. Game theory models are classified by the

  1. Number of players
  2. Sum of all payoff
  3. Number of strategies
  4. All of the above
Correct answer: (D)
All of the above

103. Every mathematical model

  1. Must be deterministic
  2. Requires computer aid for solution.
  3. Represents data in numerical form
  4. All of the above
Correct answer: (C)
Represents data in numerical form

104. Operations research is applied

  1. Military
  2. Business
  3. Administration'
  4. All of the above
Correct answer: (D)
All of the above

105. ______________ model involves all forms of diagrams

  1. iconic
  2. mathematical
  3. analogue
  4. schematic
Correct answer: (A)
iconic

106. A constraint in an LP model restricts

  1. Value of objective function
  2. Value of decision variable
  3. Use of available resource
  4. all of the above
Correct answer: (D)
all of the above

107. Constraints in LP problem are called active if they

  1. Represent optimal solution
  2. At optimality do not consume all the available resources
  3. Both of (a) and (b)
  4. None of the above
Correct answer: (A)
Represent optimal solution

108. All negative constraints must be written as

  1. Equality
  2. Non equality
  3. Greater than or equal to
  4. Less than or equal to
Correct answer: (C)
Greater than or equal to

109. If two constraints do not intersect in the positive quadrant of the graph, then

  1. The problem is infeasible
  2. The solution is unbounded
  3. One of the constraints is redundant
  4. None of the above
Correct answer: (D)
None of the above

110. ______________ is the latest time by which an activity can be finished without delaying the completion of the project.

  1. EST
  2. EFT
  3. LST
  4. LFT
Correct answer: (D)
LFT
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