Principles and Practices of Management

121. The graphical method of LP problem uses

1. Objective function equation
2. Constraint equation
3. Linear equations
4. All the above

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122. A linear programming model does not contain which of the following components?

1. Data
2. Decisions
3. Constraints
4. A spread sheet

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123. Straight lines shown in a linear programming graph indicates

1. Objective function
2. Constraints
3. Points
4. All the above

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124. Activities that cannot be started until one or more of the other activities are completed, but immediately succeed them are called ______________ activities

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

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125. ______________ is the earliest starting time plus activity time.

1. EST
2. EFT
3. LST
4. LFT

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126. The event is commonly represented by ______________ in network diagram

1. Nodes
2. Arrow
3. Triangle
4. None of these

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127. Which of the following is (are) types of decision-making environments?

1. Decision making under uncertainty
2. Decision making under certainty
3. Decision making under risk
4. None of the above

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128. Decision theory is concerned with

1. Methods of arriving at an optimal decision
2. Selecting optimal decision in sequential manner
3. Analysis of information that is available
4. All of the above

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129. The expected value of perfect information is equal to

1. EPPI – Minimum EMV
2. EPPI + Maximum EMV
3. Maximum EOL
4. None of the above

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130. OR provides solution only if the elements are

1. Quantified
2. Qualified
3. Feasible
4. Optimal

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