Quantitative Techniques in Management

MCQ
1. Question
Statement – I : Operations research seeks to replace intuitive decision making for large complex
problems with an approach that identifies the optimal or best alternative through analysis.
Statement – II : Operations Managers have adopted the approaches and techniques of operations
research to improve their decision-making.
Both statements I & II are true.
Both statements I & II are false.
Statement I is true but statement II is false.
Statement II is true but statement I is false

2. Question
________ is used for analysing
capacity planning decisions.
Break-even Analysis
Present-value Analysis
Simulation and Waiting Line Analysis
All the above

3. Question
Match the following :

List – I List-II
a. To co-ordinate work centre schedules by showing the progress of each
job i. EOQ
ii. Queue
b. The goal of continuous improvement in every phase of manufacturing length
c. Optimal quantity asked to supply that minimises total annual stocking iii. Gantt
costs Chart
d. End product or service of a conversion system iv. Kaizen

iii iv i v ii
i ii iii iv v
 v iv ii iii i
ii iii iv i v

4. Question
Match the following :

List -I List – II
a. Any physically identifiable part of a project i. Network
b. The terminal point of an activity ii. Event
c. The longest chain in the Network iii. Activity
d. Logically and sequentially connected arrows and nodes iv. Critical path

i ii iii iv
iii ii iv i
ii iv i iii
iv i ii iii

5. Question
For nominal data, the only measure
of central tendency, that can be
applied is
Arithmetic mean
Harmonic mean
Median
Mode

6. Question
Tukey Kramer Test is applied when
there is significant difference between means of two groups.
there is significant difference between means of three groups.
there is no significant difference between means of two groups.
there is no significant difference between the means of three groups.
7. Question
The steps taken to solve a problem
are given below. Arrange them in the
correct order :
(i) Analyse (ii) Test
(iii) Implement (iv) Evaluate
(v) Document (vi) Design
(vii) Develop
(i), (vi), (vii), (ii), (v), (iii), (iv)
(i), (ii), (iii), (iv), (v), (vi), (vii)
(i), (vi), (iii), (ii), (iv), (v), (vii)
(i), (vi), (vii), (iii), (ii), (iv), (v)

Answer

8. Question
Arrange the steps given below in the
proper order in the process of
selection of samples :
(i) Determining sample size
(ii) Specifying sampling method
(iii) Selecting samples
(iv) Defining the population
(v) Developing sample frame
(iv), (i), (v), (ii), (iii)
(iv), (v), (ii), (i), (iii)
(iv), (v), (i), (ii), (iii)
(iv), (i), (v), (iii), (ii)

Answer
9. Question
Work measurement refers to
the length of time it takes to complete a work task assignedto a specific job.
improving work methods.
arrangement of machines according to operations.
planning the work and working for the plans.

Answer

10. Question
Facility planing includes
Determination of production capacity
Determination of production facilities location
Determination of the layout
All the above

11. Question
Match the following :

a. For fraction or proportion of defects 1. R-chart

b. For number of defects 2. C-chart
c. For number of defects for unit 3. nP-Chart
d. For monitoring process variability 4. P-Chart

1234
4321
2143
3412
Answer

12. Question
Statement – I : One of the major causes of the industry for larger capacity is the argument that large
facilities facilitate greater economies of scale. But the major concern for building big capacity is that
funds will be tied up or scarcity of funds.
Statement – II : A viable alternative to larger capacity production facilities is to develop
subcontractor and supplier networks.
Both statements I & II are correct.
Both statements I & II are false.
Statement I is correct and II is false.
Statement II is correct and I is false.

Answer

13. Question
In a symmetrical distribution
Mean, Median and Mode values are identical.
Mean, Median and Standard Deviation are equal.
Mean, Median and Correlation are equal.
None of the above

Answer
14. Question
From the following, identify the test
which can be used both as parametric
and non-parametric ?
‘t’ test
‘F’ test
‘Chi-square’ test
‘Wil-coxon’ test

Answer

15. Question
Arrange the following in ascending
order in the testing of hypothesis :
(i) Determining the level of
significance
(ii) Deciding the Statistical Test
and computation
(iii) Setting the hypothesis
(iv) Decision
(iii), (ii), (i) and (iv)
(iii), (i), (ii) and (iv)
(i), (iii), (ii) and (iv)
(i), (iii), (iv) and (ii)

16. Question
Y = a + bX refers to
Y = independent variable, a = slope of the line, b = Y intercept and X = dependent variable
Y = dependent variable, a = slope of the line, b = Y intercept and X = independent variable
Y = independent variable, a = dependent variable, b = Y intercept and X = slope of the line
Y = dependent variable, a = Y intercept, b = slope of the line and X = independent variable
Answer

17. Question
Select the most appropriate option from Column B against the items in Column A :

Column A Column B
a. Computer used to operate large corporate systems and 1.Components of information
databases system
b. Data flow diagram 2. RAID
c. Equipment, procedures and end user 3. Structured design

321
231
123
213

Answer
18. Question
According to Michael Porter, a strategy
aims at producing products and
services considered unique industry
wide and directed at consumers who
are relatively price-insensitive is
known as
Cost Leadership – Best Value
Differentiation
Focus – Low Cost
Focus – Best Value