MBCQ721D-Quantitative Techniques for Management Application

Assignment 1

Total Questions: 63
Total Marks: 100

Assignment Information :

The examination will consist of only Objective type (multiple choice) questions
requiring candidates to Mouse-click their correct choice of alternatives against the
related question number. The questions would carry 1 to 5 marks each depending on
the difficulty level of the question as indicated in the table below:

Difficulty Level of Questions:

1 Mark - Direct, Memory based

2 Marks - Memory & Conceptual
3 Marks - Conceptual & Analytical
4 Marks - Analytical based on understanding of concepts
5 Marks - Application based on understanding of concepts
  The question paper will be for 100 marks and considering marks
allotted to each question, the total number of questions would be around
63.
  There will not be negative marking for wrong answers.
  In case candidate does not want to attempt the question he I she
should not mouse-click any option.
  The students are allowed to save the responses and come back
later to resume, complete and "Save and Submit" the assignment.
However, if the Due Date has expired, then the assignment will not be
accessible and will be marked as zero. In such cases, the student can re-
attempt the assignment allocated after enrolling in the subsequent
Semester.
  Once submitted, that answer sheet cannot be retreieved for any
editing. The student has to initiate a new attempt (if allowed), if he has
submitted the assignment by mistake.
  The students are normally allowed 3 chances to attempt and
submit the assignment. The number of attempts availed is displayed under
the "Test Information".
  The Highest Grade of the 3 attempts shall be considered for
grading.
  The assignments are auto evaluated, and hence no chance of re-
evaluation/re-totalling is allowed to the student.
Multiple Attempts This Test allows
3 attempts.
This is attempt
number 1.
Force Completion This Test can
be saved and
resumed later.
  Question Completion Status:
QUESTION 1
1. Multiplication of a matrix by a constant is called _______________ multiplication of
matrix.
Vertical

Scalar

Horizont
al

Linear

3 points   
QUESTION 2
1. If there are two matrices A and B, which of the following is true
AXB = BXA

A+B ≠ B+A

AXB ≠ BXA

A-B = B-A

Note- Answer should be- A+B=B+A but no such option is provided in question.

3 points   
QUESTION 3
1. The elements of the data must be related to _______________.
Organizati
on
Works
One
another
Facts

3 points   
QUESTION 4
1. An alternative definition of _________________ is based on counting
numbers of equally likely events.
Probability
Mathematics
Algebra
Statistics

3 points   
QUESTION 5
1. In normal distribution 99.73% observations fall in the range +3 sigma to -3 sigma.

 True

 False

1 points   
QUESTION 6
1. Transportation problem is a type of Assignment problem.

 True

 False

1 points   
QUESTION 7
1. There are two methodologies to anticipate future. They are called qualitative and
quantitative.

 True

 False

1 points   
QUESTION 8
1. In a pay-off matrix, the minimum value in each row represents the
minimum loss for player A.

 True

 False

1 points   
QUESTION 9
1. A sampling design is a definite plan for obtaining a sample from the
sampling frame

 True

 False

1 points   
QUESTION 10
1. A matrix is a rectangular or square array of numbers arranged into
rows and columns, where the numbers acquire meaning from their position in
the array.

 True

 False

1 points   
QUESTION 11
1. The data is represented in a circle in a pie chart.

 True

 False

1 points   
QUESTION 12
1. bayes Theorem has many important applications in evaluating the
worth of additional information in decision problems.

 True

 False

1 points   
QUESTION 13
1. The control system function is to optimize the transformation of inputs
into the desired Form.

 True

 False

1 points   
QUESTION 14
1. If a matrix of transition probability is of the order nxn, then the number
of equilibrium equations would be-: n

 True

 False

1 points   
QUESTION 15
1. The qualitative school has generated many philosophical, religious or
political conceptual models according to which the ideology and dogma is
structured and forecasts prepared.

 True

 False

1 points   
QUESTION 16
1. For the trend equation y=a+bx, the value of b will be negative if the trend is
increasing.

 True

 False

1 points   
 QUESTION 17
1. An individual/group responsible for making a choice of appropriate
course of action is known as Decision maker

 True

 False

1 points   
QUESTION 18
1. Game Theory is the science conflict.

 True

 False

1 points   
QUESTION 19
1. long-term data collection studies that can yield appreciable dividends
quickly should be preferred to long term studies whose benefits may be
difficult to foresee.

 True

 False

1 points   
QUESTION 20
1. The Markov process can be only in one state at a given time.

 True

 False

1 points   
QUESTION 21
1. A dummy destination is added to the table, if no. of destinations is less than no. of
sources.

 True

 False

1 points   
QUESTION 22
1. In the guesstimate conceptual model the forecast is based on expert
opinion.

 True

 False

1 points   
 QUESTION 23
1. If two dice are thrown simultaneously, the probability of getting two 6s is 1/36.

 True

 False

1 points   
QUESTION 24
1. The idea of probability is normally associated and remembered in
connection with games or gamings

 True

 False

1 points   
QUESTION 25
1. Positional averages do not use stas calculations but give you an
indication about the positional characteristics of certain items.

 True

 False

1 points   
QUESTION 26
1. The aim of the game is to determine how the players must select their
respective strategies such that the pay-off is reduced

 True

 False

1 points   
QUESTION 27
1. The selection of strategy by player B is based on minimax principle.

 True

 False

1 points   
QUESTION 28
1. Linear Programming was introduced by george Dantzig in 1947.

 True

 False

1 points   
QUESTION 29
1. If the economic model is extended to include several commodities, it
will have several equations in several forms

 True

 False

1 points   
QUESTION 30
1. Secondary data is also known as published data.

 True

 False

1 points   
QUESTION 31
1. The main advantage of mode is that the value of mode is not affected
by the extreme values of the series

 True

 False

1 points   
QUESTION 32
1. Propotion means all relationships in objective functions and constraints
are linear.

 True

 False

1 points   
QUESTION 33
1. Incorrect use of forecasting technique is a source of forecasting error. 

 True

 False

1 points   
QUESTION 34
1. Errors due to calculations or improper convention of observation are
called more sampling errors.

 True

 False

1 points   
QUESTION 35
1. A discrete probability distribution is sometimes called a probability
mass function.

 True

 False

1 points   
QUESTION 36
1. Exponential smoothing method of forecasting considers all past demands and
forecasts.

 True

 False

1 points   
QUESTION 37
1. Data can be treated as waste because it may be procured, stored and
supplied when needed.

 True

 False

1 points   
QUESTION 38
1. A decisions tree is a decision flow diagram that includes branches
leading to alternatives one can select among the usual branches leading to
events that depend on probabilities.

 True

 False

1 points   
QUESTION 39
1. The reasoning takes place in the decision making rectangle which is
sometimes referred to as, quite appropriately, the Pink box.

 True

 False

1 points   
QUESTION 40
1. Expectation principle is used to choose the alternative that maximizes the expected
profit or minimizes the expected cost.

 True

 False
 1 points   
QUESTION 41
1. Continuous probability distributions are those in which the random variable can take
on only specific values.

 True

 False

Note- The probability distribution of a discrete random variable is a list of probabilities associated with each of
its possible values.

1 points   
QUESTION 42
1. The confidence level or reliability of the sample is found from the
sampling both

 True

 False

1 points   
QUESTION 43
1. The Delphi method consists of a panel of experts and a series of
rounds during which forecasts are made via questionnaire.

 True

 False

Note- The Delphi technique, also known as the Delphi method or Delphi forecasting, is a forecasting or

estimating method based on a discussion by a group of experts. The technique consists of
several rounds of individual and anonymous questions to each expert, followed by a group discussion
after every round.( reference- wiki)
1 points   
QUESTION 44
1. The computer has forced the decision maker to very carefully delineate
and quantify the variables that makeup the building blocks of the Decision
task.

 True

 False

1 points   
QUESTION 45
1. _____________ loss It is incurred due to failure of not adopting most
favourable course of action or strategy.
Operating
Operationa
 l
Oppurtunit
y
Production

4 points   
QUESTION 46
1. A program is a set of instructions arranged in a logical _____________.
Pattern
Format
sequen
ce
None

4 points   
QUESTION 47
1. Linear programming problems with two variables can be represented and solved
_________________.
Diagonally

Graphically

Mathemetically
Both Graphically and
Mathematically 

4 points   
QUESTION 48
1. If two variables are directly proportional, the relation between them is
Logrithmic

Linear

Quadratic

None of
these

4 points   
QUESTION 49
1. In the Situation of _______________ the probabilities associated with the
states of nature are unknown.
Uncertain
ity
Certainity
Both
 None

4 points   
QUESTION 50
1. To convert the unbalanced transportation problem into a balanced
problem, add a _____________ destination.
Extra
Dummy
Single
Double

2 points   
QUESTION 51
1. In a pay-off matrix, the minimum value in each row represents the
minimum ______________ for player A.
Loss
Reductio
n
Posotiviti
es
Gain

2 points   
QUESTION 52
1. The __________________ model of linear programming is a flow
optimization technique.
Linear
Transportat
ion
Mathemeti
cal
Scientific

2 points   
QUESTION 53
1. This is the characteristics of a good questionnaire 
no. of questions are kept
minimum

questions are unambiguous 

questions are in logical

arrangement

all of these
 2 points   
QUESTION 54
1. The computer has forced the decision maker to very carefully delineate
and quantify the variables that makeup the building blocks of the _____________
task.
Maximu
m
Minimu
m
Slow
Decisio
n
2 points   
QUESTION 55
1. The method to solve assignment problems wasn introduced by
______________, a Hungarian mathematician.
S.Phuns
uk
D.Koing
J.Timoth
y
H.Houn
d
2 points   
QUESTION 56
1. Each outcome determines the gain or __________ of each player.
Loss
Achievme
nts
Choices
Strategies

2 points   
QUESTION 57
1. The term “_____________” represents a conflict between two or more
individuals or groups or organizations.
Theory
Game
Process
ors
Behavio
 ur
2 points   
QUESTION 58
1. The smallest allocation in a cell with –ve sign on the closed path
indicates number of units that can be shipped to the _______________ cells.
Occupied
distance
d
Unoccupi
ed
None

2 points   
QUESTION 59
1. Economic and ______________ models for private and public enterprises
are generally used to assist major decisions & policy formulation.
Econometr
ics
Mathemeti
cs
Accountin
g
Stats

2 points   
QUESTION 60
1. In industry optimization means the minimization of ____________ and
the maximization of profits.
Cost
Labo
ur
Land
Time

2 points   
QUESTION 61
1. Buying a house, manufacturing a product, spending money on a show
are examples of _______________.
Labour
Land
Variabl
es
 Capital

2 points   
QUESTION 62
1. The selection of strategy by player B is based on __________ principle.
Maximu
m
Minima
x
Minimu
m
None

2 points   
QUESTION 63
1. Satisfying refers to the attainment of certain minimum ______________.
Work
Time
Labours
Objectiv
es