Quantitative Technique assign 2

QUESTION 1
1. Every decision making task results in an ___________ which is the evidence of the
decision taken.
Input
Early Manner
Output
Permanent

2 points   
QUESTION 2
1. To convert the unbalanced transportation problem into a balanced problem, add a
_____________ destination.
Extra
Dummy
Single
Double

2 points   
QUESTION 3
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 ___________________ game.
One-sum
All-sum
Zero-sum
Few-sum

2 points   
QUESTION 4
1. ____________ refers to both policy execution as well as policy development.
Motivating
Responsibility
Planning
Directing

2 points   
QUESTION 5
1. Each variable represents a distinct dimension of the _____________ making task.
Decision
Policy Holder
Formulator
All Three

2 points   
 Quantitative Technique assign 2

QUESTION 6
1. ________________ is a type of Assignment problem.
Zero
Formulae
Propotional
Restricted

2 points   
QUESTION 7
1. No player is aware of his opponent's _____________ until he decides his own.
no. of allocations is m+n-1

no. of rows = no. of columns

total demand = total supply

all of these

2 points   
QUESTION 8
1. The selection of strategy by player B is based on __________ principle.
Maximum
Minimax
Minimum
None

2 points   
QUESTION 9
1. A game is played when each player chooses a course of action (strategy) out of the
available _______________.
List
Theories
Value
Strategies

2 points   
QUESTION 10
1. Buying a house, manufacturing a product, spending money on a show are examples of
_______________.
Labour
Land
Variables
Capital

2 points   
QUESTION 11
 Quantitative Technique assign 2

1. When the total supply of all the sources is not equal to the total demand of all
destinations, the problem is an _______________ transportation problem.
Balanced
Difficult
Proper
Unbalanced

2 points   
QUESTION 12
1. VAM stands for Vogels Approximation ___________________.
Machine
Maximization
Minimization
Method

2 points   
QUESTION 13
1. The __________________ model of linear programming is a flow optimization
technique.
Linear
Transportation
Mathemetical
Scientific

2 points   
QUESTION 14
1. _____________ of a game is the average payoff per play of game over an extended of time.
Player

Calculations

Value

Potencial

2 points   
QUESTION 15
1. If Maximum value in row is equal to the minimum value in column, then saddle point
_______________.
Exist
Does not exist
Lost
calculated

2 points   
QUESTION 16
 Quantitative Technique assign 2

1. In a payoff matrix ____________ point is one which is the smallest value in its row
and the largest value in the column.
Saddle
Valuable
Average
None

2 points   
QUESTION 17
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 18
1. Averages help in obtaining a picture of the universe adequately.

 True

 False

1 points   
QUESTION 19
1. A linear function is never an ideal model of production cost

 True

 False

1 points   
QUESTION 20
1. We use the word forecast when some logical method is used.

 True

 False

1 points   
QUESTION 21
1. In assignment problem 1 worker can be assigned two tasks. 

 True

 False

1 points   
QUESTION 22
1. The method to solve assignment problems wasn introduced by d.koing, a Hungarian
mathematician.
 Quantitative Technique assign 2

 True

 False

1 points   
QUESTION 23
1. Linear programming problems with two variables can be solved graphically.

 True

 False

1 points   
QUESTION 24
1. Each variable represents a distinct dimension of the decision making task.

 True

 False

1 points   
QUESTION 25
1. A matrix may also add a matrix with different dimensions.

 True

 False

1 points   
QUESTION 26
1. Function form only tells us that there is a relation between the variables.

 True

 False

1 points   
QUESTION 27
1. An individual/group responsible for making a choice of appropriate course of action is
known as Decision maker

 True

 False

1 points   
QUESTION 28
1. Theory of equations is frequently used in solving the problems of business

 True

 False
 Quantitative Technique assign 2

1 points   
QUESTION 29
1. A set of data in which all values are same has no mode. 

 True

 False

1 points   
QUESTION 30
1. The control system function is to optimize the transformation of inputs into the
desired Form.

 True

 False

1 points   
QUESTION 31
1. mean could be finite or infinite depending upon the number of elements in it.

 True

 False

1 points   
QUESTION 32
1. Linear programming is used as a scientific approach to decision making and an
optimization technique used in operations research.

 True

 False

1 points   
QUESTION 33
1. Markov models are used to analyze states of none system to describe its position at
any instant of time.

 True

 False

1 points   
QUESTION 34
1. If the demand shows an increasing pattern, exponential smoothing should be used as a forecasting
technique.

 True

 False

1 points   
QUESTION 35
 Quantitative Technique assign 2

1. In industry optimization means the minimization of labour and the maximization of

profits.

 True

 False

1 points   
QUESTION 36
1. Regression analysis is based on the assumption that the y variable is normally
distributed.

 True

 False

1 points   
QUESTION 37
1. The break even point is when profit = 1 that is your revenue is equal to your costs.

 True

 False

1 points   
QUESTION 38
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 39
1. If the maximin value is equal to minimax value, the game has a ending point.

 True

 False

1 points   
QUESTION 40
1. A decision always involves choice among several Aternatives.

 True

 False

1 points   
QUESTION 41
1. Probabilities of all the various possible outcomes of a trial must sum to one
 Quantitative Technique assign 2

 True

 False

1 points   
QUESTION 42
1. In industry, it is ultimately some kind of product, that is, a good service or on Idea.

 True

 False

1 points   
QUESTION 43
1. Linear programming can be used for deciding optimal product mix.

 True

 False

1 points   
QUESTION 44
1. Quantity demanded is a dependent variable while price is an independent variable.

 True

 False

1 points   
QUESTION 45
1. Mathemetical averages are of three type:Arithmetic mean,Geometric mean and stas
averages.

 True

 False

1 points   
QUESTION 46
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 47
1. Least cost method is used for obtaining optimal solution of an assignment problem.

 True

 False
 Quantitative Technique assign 2

1 points   
QUESTION 48
1. If all the equations of the model are linear then matrix algebra provides an efficient
method of their solution than the traditional method of elimination of variables.

 True

 False

1 points   
QUESTION 49
1. An individual/group responsible for making a choice of appropriate course of action is
known as Decision ______________.
Waste
Maker
Taker
Made

4 points   
QUESTION 50
1. EVPI stands for- Expected ___________ of Perfect Information.
Valuable
Variable
Variaties
Value

4 points   
QUESTION 51
1. Finite Choices implies that finite numbers of choices are available to a decision maker
and decision variables do not assume ______________ values.
Positive
Negative
Both
None

4 points   
QUESTION 52
1. The linear function which is to be optimized is called ______________ Function.
Objective
Frequent
Revenue
Continuity

4 points   
QUESTION 53
 Quantitative Technique assign 2

1. The behaviour of the dependent variable with respect to change in independent

variable(s) is different in different _____________.
Forms
Pattern
Variables
Situations

5 points   
QUESTION 54
1. Independent variables are those variables whose values are not governed by the
______________ of another variable.
Rules
Regulations
Laws
Values

5 points   
QUESTION 55
1. A statement of equality containing one or more variable is known as an
_______________.
Equations
Policies
Frmulaes
Creatotions

5 points   
QUESTION 56
1. The quantity demanded depends upon the price and, therefore, for a given price, we
can determine the quantity _________________.
Demanded
Supplied
Received
Damaged

5 points   

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