Principles and Practices of Management

61. ______________ Example of probabilistic model

  1. Game theory
  2. Charts
  3. Graphs
  4. All the above
Correct answer: (A)
Game theory

62. The best use of linear programming technique is to find an optimal use of

  1. Money
  2. Man power
  3. Machine
  4. all of the above
Correct answer: (D)
all of the above

63. Which of the following is not a category of linear programming problems?

  1. Resource allocation problem
  2. Cost benefit trade off problem
  3. Distribution network problem
  4. All of the above are categories of linear programming problems.
Correct answer: (D)
All of the above are categories of linear programming problems.

64. In linear programming problem if all constraints are less than or equal to, then the feasible region is

  1. Above lines
  2. Below the lines
  3. Unbounded
  4. None of the above
Correct answer: (B)
Below the lines

65. An event which represents the beginning of more than one activity is known as ______________ event.

  1. Merge
  2. Net
  3. Burst
  4. None of the above
Correct answer: (C)
Burst

66. L ______________ is that sequence of activities which determines the total project time.

  1. Net work
  2. Critical path
  3. Critical activities
  4. None of the above
Correct answer: (B)
Critical path

67. ______________ is the duration by which an activity can be delayed without delaying the project

  1. Slack
  2. Total float
  3. Free float
  4. Independent float
Correct answer: (B)
Total float

68. ______________ is event oriented.

  1. CPM
  2. PERT
  3. LP
  4. None of the above
Correct answer: (B)
PERT

69. ______________ is the disconnection of an activity before the completion of activities in a project network diagram.

  1. Dangling
  2. Looping
  3. Dummy
  4. None of the above
Correct answer: (C)
Dummy

70. If a decision theory problem has 3 decision alternatives and 4 states of nature, the number of payoffs in that problem will be

  1. 3
  2. 4
  3. 12
  4. 64
Correct answer: (C)
12
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