MCQOPTIONS
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This section includes 675 Mcqs, each offering curated multiple-choice questions to sharpen your General Management knowledge and support exam preparation. Choose a topic below to get started.
| 651. |
Which of the following characteristics apply to queuing system? |
| A. | Customer population |
| B. | Arrival process |
| C. | Both a & b |
| D. | Neither a nor b |
| Answer» D. Neither a nor b | |
| 652. |
In a matrix of transition probability, the element aij where i=j is a. |
| A. | Gain |
| B. | Loss |
| C. | Retention |
| D. | None of the above |
| Answer» D. None of the above | |
| 653. |
A calling population is considered to be infinite when. |
| A. | All customers arrive at once |
| B. | Arrivals are independent of each other |
| C. | Arrivals are dependent upon each other |
| D. | All of the above |
| Answer» C. Arrivals are dependent upon each other | |
| 654. |
Simulation is defined as. |
| A. | A technique that uses computers |
| B. | An approach for reproducing the processes by which events by chance & changes are created in a computer |
| C. | A procedure for testing & experimenting on models to answer what if ___, then so & so ___ types of questions |
| D. | All of the above |
| Answer» E. | |
| 655. |
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 of the above |
| Answer» C. Necessary to assign the particular appropriate random numbers | |
| 656. |
Which of the following is not one of the assumptions of Markov analysis: |
| A. | There are a limited number of possible states |
| B. | A future state can be predicted from the preceding one |
| C. | There are limited number of future periods |
| D. | All of the above |
| Answer» D. All of the above | |
| 657. |
While calculating equilibrium probabilities for a Markov process, it is assumed that? |
| A. | There is a single absorbing state |
| B. | Transition probabilities do not change |
| C. | There is a single non-absorbing state |
| D. | None of the above |
| Answer» C. There is a single non-absorbing state | |
| 658. |
The operations Research technique which helps in minimizing total waiting and service costs is. |
| A. | Queuing Theory |
| B. | Decision Theory |
| C. | Both A and B |
| D. | None of the above |
| Answer» B. Decision Theory | |
| 659. |
What is concerned with the prediction of replacement costs and determination of the most economic replacement policy ? |
| A. | Search Theory |
| B. | Theory of replacement |
| C. | Probabilistic Programming |
| D. | None of the above |
| Answer» C. Probabilistic Programming | |
| 660. |
As for maximization in assignment problem, the objective is to maximize the ___________. |
| A. | Profit |
| B. | optimization |
| C. | cost |
| D. | None of the above |
| Answer» B. optimization | |
| 661. |
In simplex method, we add _____________ variables in the case of ‘=’.# |
| A. | Slack Variable |
| B. | Surplus Variable |
| C. | Artificial Variable |
| D. | None of the above |
| Answer» D. None of the above | |
| 662. |
What aims at optimizing inventory levels? |
| A. | Inventory Control |
| B. | Inventory Capacity |
| C. | Inventory Planning |
| D. | None of the above |
| Answer» D. None of the above | |
| 663. |
Operations Research uses models to help the management to determine its ___________ scientifically. |
| A. | Policies |
| B. | Actions |
| C. | Both A and B |
| D. | None of the above |
| Answer» D. None of the above | |
| 664. |
Non-negativity condition is an important component of LP model because. |
| A. | Variables value should remain under the control of the decision-maker |
| B. | Value of variables make sense & correspond to real-world problems |
| C. | Variables are interrelated in terms of limited resources |
| D. | None of the above |
| Answer» C. Variables are interrelated in terms of limited resources | |
| 665. |
Any column or raw of a simplex table is called a __________. |
| A. | Vector |
| B. | Key column |
| C. | Key Raw |
| D. | None of the above |
| Answer» B. Key column | |
| 666. |
Alternative solutions exist of an LP model when. |
| A. | One of the constraints is redundant |
| B. | Objective function equation is parallel to one of the constraints |
| C. | Two constraints are parallel |
| D. | All of the above |
| Answer» C. Two constraints are parallel | |
| 667. |
A constraint in an LP model becomes redundant because. |
| A. | Two iso-profit line may be parallel to each other |
| B. | The solution is unbounded |
| C. | This constraint is not satisfied by the solution values |
| D. | None of the above |
| Answer» E. | |
| 668. |
A feasible solution to an LP problem. |
| A. | Must satisfy all of the problem’s constraints simultaneously |
| B. | Need not satisfy all of the constraints, only some of them |
| C. | Must be a corner point of the feasible region |
| D. | Must optimize the value of the objective function |
| Answer» B. Need not satisfy all of the constraints, only some of them | |
| 669. |
Which of the following is not a characteristic of the LP? |
| A. | Resources must be limited |
| B. | Only one objective function |
| C. | Parameters value remains constant during the planning period |
| D. | The problem must be of minimization type |
| Answer» E. | |
| 670. |
All the parameters in the linear programming model are assumed to be ____________. |
| A. | Variables |
| B. | Constraints |
| C. | Functions |
| D. | None of the above |
| Answer» C. Functions | |
| 671. |
Managerial decisions are based on. |
| A. | An evaluation of quantitative data |
| B. | The use of qualitative factors |
| C. | Results generated by formal models |
| D. | All of the above |
| Answer» E. | |
| 672. |
One disadvantage of using North-West Corner rule to find initial solution to the transportation problem is that. |
| A. | It is complicated to use |
| B. | It does not take into account cost of transportation |
| C. | It leads to a degenerate initial solution |
| D. | All of the above |
| Answer» C. It leads to a degenerate initial solution | |
| 673. |
The smallest quantity is chosen at the corners of the closed path with negative sign to be assigned at unused cell because. |
| A. | It improve the total cost |
| B. | It does not disturb rim conditions |
| C. | It ensure feasible solution |
| D. | All of the above |
| Answer» D. All of the above | |
| 674. |
An optimal assignment requires that the maximum number of lines that can be drawn through squares with zero opportunity cost be equal to the number of. |
| A. | Rows or columns |
| B. | Rows & columns |
| C. | Rows + columns – 1 |
| D. | None of the above |
| Answer» E. | |
| 675. |
An assignment problem can be solved by. |
| A. | Simplex method |
| B. | Transportation method |
| C. | Both a & b |
| D. | None of the above |
| Answer» D. None of the above | |