Center for Continuing Education - UPES

MBCQ721D-Quantitative Techniques for Management

Application
Assignment 2

Total Questions: 56
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. _____________is the effectiveness of particular combination of a course
of action and state of nature.
Payoff
Payload
Pay
factor
None

4 points   
QUESTION 2
1. ________________ or interior-point methods, visit points within the interior of the
feasible region.
Dual

Barrier

Diagon
al

Primal

4 points   
QUESTION 3
1. In the ___________ situation the information is completely known and
the outcome of a specified decision can be predetermined with certainty.
Oligopolist
ic
Monopolist
ic
both A
and B
Determini
stic
4 points   
QUESTION 4
1. Expectation principle is used i.e. to choose the alternative that
maximizes the expected profit or minimizes the ______________ cost.
Reducti
on
Expecte
 d
Producti
on
Operatin
g
4 points   
QUESTION 5
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 6
1. The smallest allocation in a cell with –ve sign on the closed path
indicates number of units that can be shipped to the occupied cells.

 True

 False

1 points   
QUESTION 7
1. Matrix algebra also has the advantage of presenting a system of
several equations in a free form.

 True

 False

1 points   
QUESTION 8
1. Each outcome determines the gain or choices of each player.

 True

 False

1 points   
QUESTION 9
1. Markov Process is a sequence of experiments in which each
experiment has certain possible outcomes

 True

 False

1 points   
QUESTION 10
1. The sampling technique is in expensive and less time consuming than
the census technique.

 True

 False

1 points   
QUESTION 11
1. When each element in a row are less than or equal to the
corresponding element in another row, this row is dominated and hence can
be deleted from the payoff matrix this is called as format Dominance.

 True

 False

1 points   
QUESTION 12
1. Variables whose values are dependent on the values taken by another
variable are called the dependent variables.

 True

 False

1 points   
QUESTION 13
1. Exponential smoothing method of forecasting considers all past demands and
forecasts.

 True

 False

1 points   
QUESTION 14
1. Finite Choices implies that finite numbers of choices are available to a
decision maker and decision variables do not assume negative values.

 True

 False

1 points   
QUESTION 15
1. The transition matrix elements remain positive from one period to the
next.This property is known as the regular property of Markov model

 True

 False
 1 points   
QUESTION 16
1. It is clear that in forecasting there are always two types of variables.

 True

 False

1 points   
QUESTION 17
1. Two or more equations are said to be equivalent if they have the
wrong solution.

 True

 False

1 points   
QUESTION 18
1. Economic and accounting models for private and public enterprises are
generally used to assist major decisions & policy formulation.

 True

 False

1 points   
QUESTION 19
1. In a game with two players, if the gain of one player is equal to the loss
of another player, then the game is a two person few-sum game.

 True

 False

Note- Zero sum game

1 points   
QUESTION 20
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 21
1. In a zero sum two player game, the gain of player A is equal to the loss of player B. 

 True

 False
 1 points   
QUESTION 22
1. If a row matrix is multiplied with a column matrix, the resultant matrix will have only
one element.

 True

 False

1 points   
QUESTION 23
1. Probabilities of all the various possible outcomes of a trial must sum to
one

 True

 False

1 points   
QUESTION 24
1. If two coins are tossed simultaneously, the probability of getting two heads is 0.5.

 True

 False

1 points   
QUESTION 25
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 26
1. If two dice are thrown simultaneously, the probability of getting two 6s is 1/36.

 True

 False

1 points   
QUESTION 27
1. In industry, it is ultimately some kind of product, that is, a good service
or on Idea.

 True

 False
 1 points   
QUESTION 28
1. A set of data in which all values are same has no mode. 

 True

 False

1 points   
QUESTION 29
1. A program is a set of instructions arranged in a logical sequence

 True

 False

1 points   
QUESTION 30
1. Data must be collected within the cost framework

 True

 False

1 points   
QUESTION 31
1. The variables can be classified as primary and secondary. 

 True

 False

1 points   
QUESTION 32
1. Broadly there are three types of decisions including Strategic
decisions, formal Decisions and Operating Decisions.

 True

 False

1 points   
QUESTION 33
1. In risk situation the information is completely known and the outcome of a specified
decision can be predetermined with certainty.

 True

 False

1 points   
QUESTION 34
1. snowball sampling is a variation of simple random sampling.
  True

 False

1 points   
QUESTION 35
1. evvp is the maximum obtainable expected monetary value based on
perfect information as to which state of nature will occur.

 True

 False

1 points   
QUESTION 36
1. If 4X4 matrix can be converted to a determinant of order 3.

 True

 False

1 points   
QUESTION 37
1. A linear function is never an ideal model of production
__________________.
Cost
Income
Loss
All
Three
5 points   
QUESTION 38
1. If all the equations of the model are _______________, then matrix
algebra provides an efficient method of their solution than the traditional
method of elimination of variables.
Mathemeti
cal
Geographi
cal
Variability
Linear

5 points   
QUESTION 39
1. A value of the variable which satisfies the given equation is called a
solution or ______________.
 Proble
ms
Root
Results
None

5 points   
QUESTION 40
1. The quantity demanded depends upon the price and, therefore, for a
given price, we can determine the quantity _________________.
Demand
ed
Supplie
d
Receive
d
Damage
d
5 points   
QUESTION 41
1. In Assignment models, only ___________ unit can be supplied to each destination from
each source.
On
e

Fiv
e

Ten

Zer
o

2 points   
QUESTION 42
1. If this _______________ condition is not satisfied, degeneracy occurs.
m+n-1
Co =
m+n-1
m-1
Co=n-1

2 points   
QUESTION 43
1. When the player has alternative courses of action and he has to select
combination of these with some fixed probabilities are known to as
____________ strategy.
Pure
Mixed
Inform
al
None

2 points   
QUESTION 44
1. Each outcome determines the gain or __________ of each player.
Loss
Achievme
nts
Choices
Strategies

2 points   
QUESTION 45
1. The degeneracy occurs in the transportation problem when we find
________ and observe that if the numbers of occupied cells are less than the
total number of rows plus columns minus one).
FC
S
IFS
FS
C
FF
C
2 points   
QUESTION 46
1. Buying a house, manufacturing a product, spending money on a show
are examples of _______________.
Labour
Land
Variables
Capital

2 points   
QUESTION 47
1. A game is played when each player chooses a course of action
(strategy) out of the available _______________.
List
Theorie
s
Value
Strateg
ies
2 points   
QUESTION 48
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 49
1. _____________ management decisions are primarily company-wide in
nature.
High
Middl
e
Lowe
r
None

2 points   
QUESTION 50
1. If the maximin value is equal to minimax value, the game has a
_____________ point.
Starti
ng
Endin
g
Saddl
e
Form
al
 2 points   
QUESTION 51
1. In industry, it is ultimately some kind of product, that is, a good service
or on ___________.
Idea
Bad
Service
Plan
Decision

2 points   
QUESTION 52
1. IFS stands for - Initial Feasible ________________.
System
Systeme
tic
Socket
Solution

2 points   
QUESTION 53
1. The outcome of the play depends on every combination of courses of
__________.
Choic
es
Policie
s
Action
s
Lists

2 points   
QUESTION 54
1. The __________________ model of linear programming is a flow
optimization technique.
Linear
Transportat
ion
Mathemeti
cal
Scientific

2 points   
 QUESTION 55
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 56
1. A decision always involves choice among several _______________.
Alternative
s
Problems
Decisions
None