Principles and Practices of Management

111. PERT emphasis on ______________.

1. Time
2. Activity
3. a) and b)
4. None of the above

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112. ______________ is an activity oriented diagram.

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

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113. In a decision theory problem under complete uncertainty, which one of the following approaches will not be possible?

1. Expected monetary value
2. Maxmin
3. Minimax
4. Hurwicz

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114. The equally likely decision criteria is also known as

1. Bayes
2. Laplace
3. Minimax
4. Hurwicz

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115. Which of the following might be viewed as an optimistic decision criterion?

1. Hurwicz criterion
2. Maximin
3. Maximax
4. Minimax

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116. While using Hurwicz criterion, the coefficient of realism

1. Represents the degree of optimism
2. Represents the degree of pessimism
3. Is the probability of state of nature
4. None of the above

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117. Operations research approach is

1. Multi disciplinary
2. Scientific
3. Intuitive
4. All of the above

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118. OR techniques helps to find ______________ solution

1. Feasible
2. Non feasible
3. Optimal
4. Non optimal

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119. An organization chart is an example of

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

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120. Linear programming is a

1. Constraint optimization technique
2. Technique for economic allocation of limited resources.
3. Mathematical technique
4. all of the above

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