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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 This Test allows 3 attempts. This is attempt number 1.
Attempts
Force This Test can be saved and resumed later.
Completion
Your answers are saved automatically.
 Question Completion Status:
QUESTION 1
1. If two coins are tossed simultaneously, the probability of getting two heads is 0.5.

 True

 False
 1 points   
QUESTION 2
1. A subjective interpretation of probabilities is often useful for business decision
making.

 True

 False

1 points   
QUESTION 3
1. The selection of strategy by player B is based on minimax principle.

 True

 False

1 points   
QUESTION 4
1. In a payoff matrix average point is one which is the smallest value in its row and the
largest value in the column.

 True

 False

1 points   
QUESTION 5
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 6
1. A zero element in the transition matrix indicates that the transition is possible

 True

 False

1 points   
QUESTION 7
1. Continuous probability distributions are those in which the random variable can take on only specific
values.

 True

 False

1 points   
QUESTION 8
 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 9
1. Probabilities of all the various possible outcomes of a trial must sum to one

 True

 False

1 points   
QUESTION 10
1. A function in which value of dependent variable remains same for specific range of values of
independent variable is called a polynomial function.

 True

 False

1 points   
QUESTION 11
1. Every identity matrix is a square matrix.

 True

 False

1 points   
QUESTION 12
1. linear is the relationship between the variables is directly proportional.

 True

 False

1 points   
QUESTION 13
1. It is clear that in forecasting there are always two types of variables.

 True

 False

1 points   
QUESTION 14
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 15
1. The normal distribution is completely determined by its expected value or mean (denoted by m) and
standard deviations.

 True

 False

1 points   
QUESTION 16
1. elementary units refer to those units which possesses the characteristics of the
population.

 True

 False

1 points   
QUESTION 17
1. faults may occur at any stage of enquiry, i.e., planning, collection, processing and
analysis of data.

 True

 False

1 points   
QUESTION 18
1. Mode and Median are the measures of variation in data.

 True

 False

1 points   
QUESTION 19
1. The idea of probability is normally associated and remembered in connection with
games or gamings

 True

 False

1 points   
QUESTION 20
1. The control system function is to optimize the transformation of inputs into the
desired Form.

 True

 False

1 points   
QUESTION 21
 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 22
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 23
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 24
1. If two dice are thrown simultaneously, the probability of getting two 6s is 1/36.

 True

 False

1 points   
QUESTION 25
1. The solution to a transportation problemwith m-rows and n-coloumns (destination) is
feasible if number of positive allocations are-: m+n

 True

 False

1 points   
QUESTION 26
1. A pie chart represents data in the form of vertical bars.

 True

 False

1 points   
QUESTION 27
1. If two data sets are merged, the standard deviation of merged data sets will be equal to sum of standard
deviations of the two data sets.
  True

 False

1 points   
QUESTION 28
1. Linear programming can be used for deciding optimal product mix.

 True

 False

1 points   
QUESTION 29
1. Strategic decisions are concerned with external environment of the organization.

 True

 False

1 points   
QUESTION 30
1. A liner problem can be tabulated in a matrix called transportation matrix.

 True

 False

1 points   
QUESTION 31
1. It is possible to multiply a square matrix with a column matrix, if no. of columns in the column matrix
are equal to no. of columns of the square matrix.

 True

 False

1 points   
QUESTION 32
1. A variable, the building block of the decision task, may be seen as a small piece of a
complex Behaviour.

 True

 False

1 points   
QUESTION 33
1. The outcome of the play depends on every combination of courses of __________.
Choices
Policies
Actions
Lists
 2 points   
QUESTION 34
1. The ____________ model identifies the optimal way, but for a variety of reasons,
other satisfying options may be selected and acted upon.
Basic
Forecasting
Programming
Mathematical
2 points   
QUESTION 35
1. ____________ refers to both policy execution as well as policy development.
Motivating
Responsibility
Planning
Directing
2 points   
QUESTION 36
1. IFS stands for - Initial Feasible ________________.
System
Systemetic
Socket
Solution
2 points   
QUESTION 37
1. The computer has forced the decision maker to very carefully delineate and quantify
the variables that makeup the building blocks of the _____________ task.
Maximum
Minimum
Slow
Decision
2 points   
QUESTION 38
1. _____________ management decisions are primarily company-wide in nature.
High
Middle
Lower
None
2 points   
QUESTION 39
1. The method to solve assignment problems wasn introduced by ______________, a
Hungarian mathematician.
 S.Phunsuk
D.Koing
J.Timothy
H.Hound
2 points   
QUESTION 40
1. A decision always involves choice among several _______________.
Alternatives
Problems
Decisions
None
2 points   
QUESTION 41
1. The objective of transportation problem is to minimize the cost of transportation
under the given supply and ____________ constraints.
Supply
Demand
Formal
Informal
2 points   
QUESTION 42
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 43
1. Game Theory is applicable to those competitive situations which are technically
known as “_______________ games”.
Competitive
Outdoor
Modelling
Indoor
2 points   
QUESTION 44
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 45
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 46
1. The variables can be classified in terms of _____________________.
continuous and discrete 
raw and processed
primary and secondary
all of these

2 points   
QUESTION 47
1. The solution to a transportation problemwith m-rows and n-coloumns (destination) is
feasible if number of positive allocations are-:
m+n-1
m+n
mxn
m+n+1
2 points   
QUESTION 48
1. Each variable represents a distinct dimension of the _____________ making task.
Decision
Policy Holder
Formulator
All Three
2 points   
QUESTION 49
1. ______________ Decisions are primarily concerned with day to day operations of the
organization.
calculative
Mechanical
Operating
Official
 4 points   
QUESTION 50
1. EPPI stands for- Expected Profit with _____________ Information.
Permanent
Perfect
Precise
Preferable
4 points   
QUESTION 51
1. For every given linear programming problem, there exists an intimately related L.P.
Problem referred to as its ________________.
Single
All
Dual
None
4 points   
QUESTION 52
1. _____________is the effectiveness of particular combination of a course of action
and state of nature.
Payoff
Payload
Payfactor
None
4 points   
QUESTION 53
1. A statement of equality containing one or more variable is known as an
_______________.
Equations
Policies
Formulae
Creation
5 points   
QUESTION 54
1. Matrix algebra also has the advantage of presenting a system of several equations in a
______________ form.
Free
Compact
Tightly
Loosely
5 points   
QUESTION 55
 1. Function form only tells us that there is a ____________ between the variables.
Equations
Relationships
Policies
Formulations
5 points   
QUESTION 56
1. If the economic model is extended to include several commodities, it will have several
equations in several _______________.
Forms
Pattern
Variables
Equations
5 points