1/23/23, 1:41 PM Internal Assessment - 3: Attempt review

Dashboard → My courses → School of Online Education (SOE) → JULY 2021 Batch → SOE-PUNE → MBA (Online) → 2nd Year

→ Semester III → MBA SEM III - Operations Research for Managers → Quadrant IV : Assessment → Internal Assessment - 3

Started on Monday, 23 January 2023, 1:03 PM

State Finished

Completed on Monday, 23 January 2023, 1:40 PM

Time taken 36 mins 51 secs

Grade 18.00 out of 20.00 (90%)

Question 1
Incorrect

Mark 0.00 out of 1.00

The first step in simulation is to

a. Set up possible courses of action for testing.

b. Construct a numerical model.
c. Validate the model.
d. Define the problem. 

The correct answer is: Set up possible courses of action for testing.

Question 2
Correct

Mark 1.00 out of 1.00

Few causes of simulation analysis failure are

a. inadequate level of user participation

b. inappropriate levels of detail
c. incomplete mix of essential skills
d. all the given options 

The correct answer is: all the given options

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Question 3
Correct

Mark 1.00 out of 1.00

Cumulative probabilities in a simulation problem are found by

a. Summing all the probabilities associated with a variable.

b. Simulating the initial probability distribution.
c. Summing all the previous probabilities up to the current value of the variable. 
d. None of the methods given

The correct answer is: Summing all the previous probabilities up to the current value of the variable.

Question 4
Correct

Mark 1.00 out of 1.00

The first step in the Monte Carlo simulation process is to

a. Generate random numbers.

b. Set up cumulative probability distributions.
c. Establish random number intervals.
d. Set up probability distributions. 

The correct answer is: Set up probability distributions.

Question 5
Correct

Mark 1.00 out of 1.00

All of the following are various ways of generating random numbers except

a. Table of random numbers

b. Fibonacci series 
c. Computer-generated random numbers
d. Spin of roulette wheel

The correct answer is: Fibonacci series

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1/23/23, 1:41 PM Internal Assessment - 3: Attempt review

Question 6
Correct

Mark 1.00 out of 1.00

The purpose of using simulation technique is to

a. imitate a real-world situation

b. understand properties and operating characteristics of complex real-life problems
c. reduce the cost of experiment on a model of real situation
d. all the given options 

The correct answer is: all the given options

Question 7
Correct

Mark 1.00 out of 1.00

As simulation is not an analytical model, therefore, the result of simulation must be viewed as

a. unrealistic
b. exact
c. approximation 
d. simplified

The correct answer is: approximation

Question 8
Correct

Mark 1.00 out of 1.00

While assigning random numbers in Monte Carlo simulation, it is

a. not necessary to assign the exact range of random number interval as the probability
b. necessary to develop a cumulative probability distribution 
c. necessary to assign the particular appropriate random numbers
d. all the given options

The correct answer is: necessary to develop a cumulative probability distribution

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Question 9
Correct

Mark 1.00 out of 1.00

The important step required for simulation approach in solving a problem is to

a. test and validate the model

b. design the experiment
c. conduct the experiment
d. all the given options 

The correct answer is: all the given options

Question 10
Correct

Mark 1.00 out of 1.00

Simulation is defined as

a. a technique that uses computers

b. an approach for reproducing the processes by which events by chance and changes are created in a computer
c. a procedure for testing and experimenting on models to answer what if . . ., then so and so . . . types of
questions
d. all the given options 

The correct answer is: all the given options

Question 11
Correct

Mark 1.00 out of 1.00

In a CPM/PERT network a dummy activity is necessary when

a. Two activities have the same starting node

b. Two activities have the same ending node
c. when two activities share the same starting and ending node 
d. None of the given options

The correct answer is: when two activities share the same starting and ending node

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Question 12
Correct

Mark 1.00 out of 1.00

……….. is the duration by which an activity can be delayed without delaying the project.

a. Slack
b. Total float 
c. Free float
d. Independent float

The correct answer is: Total float

Question 13
Correct

Mark 1.00 out of 1.00

The shortest possible time in which an activity can be achieved under ideal circumstances is known as:

a. Pessimistic time estimate

b. Optimistic time estimate 
c. Expected time estimate
d. The most likely time estimate

The correct answer is: Optimistic time estimate

Question 14
Correct

Mark 1.00 out of 1.00

According to the time estimates made by the PERT planners, the maximum time that would be needed to complete
an activityis known as:

a. The most likely time estimate

b. Optimistic time estimate
c. Pessimistic time estimate 
d. Expected time estimate

The correct answer is: Pessimistic time estimate

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Question 15
Correct

Mark 1.00 out of 1.00

The critical path in a network of activities:

a. will be the path with the most number of activities

b. will always have all activities with positive slack
c. cannot be delayed; else the entire project will be delayed 
d. must have at least three activities.

The correct answer is: cannot be delayed; else the entire project will be delayed

Question 16
Incorrect

Mark 0.00 out of 1.00

If an activity can be completed in 12 days in favorable conditions whereas it may take up to 20 days if situation does
not turn out to be favorable but there are chances that it may be completed in 19 days. What is the expected
completion time of the activity?

a. 16 days
b. 17 days
c. 18 days
d. 19 days 

The correct answer is: 18 days

Question 17
Correct

Mark 1.00 out of 1.00

A dummy activity

a. is artificially introduced
b. is represented by a dotted line
c. does not consume time
d. All of the given options 

The correct answer is: All of the given options

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1/23/23, 1:41 PM Internal Assessment - 3: Attempt review

Question 18
Correct

Mark 1.00 out of 1.00

The difference between the time available to do a job and the time required to do the job, is known as

a. event
b. float 
c. duration
d. constraint

The correct answer is: float

Question 19
Correct

Mark 1.00 out of 1.00

In PERT, We can find the probability of completing a project by using:

a. normal distribution 
b. Poisson distribution
c. binomial distribution
d. None of the given options

The correct answer is: normal distribution

Question 20
Correct

Mark 1.00 out of 1.00

…….. is that sequence of activities which determines the total project time.

a. Network
b. Critical path 
c. Critical activities
d. None of the given options

The correct answer is: Critical path

◄ Internal Assessment - 2

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