MCQOPTIONS
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MCQOPTIONS
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.
| 301. |
Consider a network with nodes 1, 2, 3, 4, 5 and 6. The nodes are connected with directed arcs as shown in the table below. The respective costs (in INR) incurred while traversing the directed arcs are also mentioned.Directed arcs 1 → 21 → 32 → 42 → 53 → 23 → 43 → 54 → 54 → 65 → 6Cost (in INR)3932248722The second shortest path from node 1 to node 6 (i.e. the path that has the second least total cost and does not use any part of the shortest path) has a total cost (in INR) of |
| A. | 7 |
| B. | 8 |
| C. | 15 |
| D. | 19 |
| Answer» D. 19 | |
| 302. |
Maximize Z = 2X1 + 3X2Subject to2X1 + X2 ≤ 6X1 – X2 ≥ 3X1, X2 ≥ 0The solution to the above LPP is |
| A. | optimal |
| B. | infeasible |
| C. | unbounded |
| D. | degenerate |
| Answer» B. infeasible | |
| 303. |
Pessimistic time and optimistic time of completion of an activity are given as 10 days and 4 days respectively, the variance of the activity will be |
| A. | 1 |
| B. | 6 |
| C. | 12 |
| D. | 18 |
| Answer» B. 6 | |
| 304. |
An LPP is defined asMinimize z = 15x1 + 12x2subject to,x1 + 2x2 ≤ 32x1 - 4x2 ≤ 5x1, x2 ≥ 0The objective function of the dual of this LPP is |
| A. | Maximize w = y1 + y2 |
| B. | Maximize w = y1 + 2y2 |
| C. | Maximize w = 2y1 - 4y2 |
| D. | Maximize w = 3y1 + 5y2 |
| Answer» E. | |
| 305. |
If the duration of activity f alone is changed from 9 to 10 days, then the |
| A. | Critical path remains the same and the total duration to complete the projectChanges to 19 days. |
| B. | Critical path and the total duration to complete the project remain the same. |
| C. | Critical path changes but the total duration to complete the project remains the same. |
| D. | Critical path changes and the total duration to complete the project changes to 17 days. |
| Answer» B. Critical path and the total duration to complete the project remain the same. | |
| 306. |
Consider a single server queuing model with Poisson arrivals (λ = 4/hour) and exponential service (μ = 4/hour). The number in the system is restricted to a maximum of 10. The probability that a person who comes in leaves without joining the queue is |
| A. | 1/11 |
| B. | 1/10 |
| C. | 1/9 |
| D. | ½ |
| Answer» B. 1/10 | |
| 307. |
An individual investor who invests in the e-project usually during an early stage is |
| A. | corporate strategic investor |
| B. | founder capital |
| C. | angel investor |
| D. | venture capital |
| Answer» D. venture capital | |
| 308. |
In a project life cycle, the maximum percentage of effort is done in |
| A. | Concept phase |
| B. | Definition phase |
| C. | Planning and organizing phase |
| D. | Implementation phase |
| Answer» E. | |
| 309. |
In the Critical Path Method (CPM), the cost-time slope of an activity is given by |
| A. | \( {\rm{\frac{{Crash\;Cost - Normal\;Cost}}{{Crash\;Time\;}}}} \) |
| B. | \({\rm{\frac{{Normal\;Cost}}{{Crash\;Time - Normal\;Time\;}}}} \) |
| C. | \( {\rm{\frac{{Crash\;Cost}}{{Crash\;Time - Normal\;Time\;}}}}\) |
| D. | \( {\rm{\frac{{Crash\;Cost - Normal\;Cost}}{{Normal\;Time - Crash\;Time\;}}}}\) |
| Answer» E. | |
| 310. |
A job-design to be time-studied has fatigue and delay allowance of 10 minutes & 25 minutes per 8-hour shift. In addition 25 minutes personal time is permitted in a shift. Then, the total allowance factor necessary to calculate Standard Time for this activity will be _____. |
| A. | 1.143 |
| B. | 0.8 |
| C. | 12 |
| D. | None of these |
| Answer» B. 0.8 | |
| 311. |
Critical path method is good for |
| A. | small project only |
| B. | large project only |
| C. | both small and large projects equally |
| D. | neither small nor large projects |
| Answer» C. both small and large projects equally | |
| 312. |
Multiple solutions in LPPs indicate that |
| A. | more than one solution is available for different objective functions values |
| B. | two solutions are available satisfying all constraints |
| C. | more than one solution is available for the same objective function value |
| D. | no solution is available satisfying all the constraints |
| Answer» D. no solution is available satisfying all the constraints | |
| 313. |
For the standard transportation linear programme with m sources and n destinations and total supply equaling total demand, an optimal solution (lowest cost) with the smallest number of non-zero xij values (amounts from source i to destination j) is desired. The best upper bound for this number is |
| A. | mn |
| B. | 2 (m + n) |
| C. | m + n |
| D. | m + n - 1 |
| Answer» E. | |
| 314. |
Consider the following statements regarding project management:1. It is the process of attaining project objectives in a stipulated time to -produce quantified and qualified deliverables 2. it is the art of bringing together the responsibilities, resources and people necessary to accomplish the business goals and objectives within the specified time limitations and within the financial grantWhich of the above statements is / are correct? |
| A. | 1 only |
| B. | 2 only |
| C. | Both 1 and 2 |
| D. | Neither 1 nor 2 |
| Answer» B. 2 only | |
| 315. |
Find the expected time of an activity with Pessimistic time (tp) = 14 days, Most likely time (tm) = 8 days, Optimistic time (to) = 2 days. |
| A. | 6 |
| B. | 7 |
| C. | 8 |
| D. | 9 |
| Answer» D. 9 | |
| 316. |
A company manufactures two products P and Q with unit profit of 4 and 5, respectively. The production requires manpower and two kinds of raw materials R1 and R2. The following table summarizes the requirement and availability of resources.ResourceResource usage per unit of productionAmount ofresource availablePQmanpower1110R11218R22118 The maximum profit the company can make is |
| A. | 45 |
| B. | 48 |
| C. | 42 |
| D. | 54 |
| Answer» C. 42 | |
| 317. |
In which method we can calculate net annual return as percentage of capital investment. |
| A. | Net percent value method |
| B. | Return on investment method |
| C. | Cost benefit method |
| D. | Payback method |
| Answer» C. Cost benefit method | |
| 318. |
An alternative optimal solution to a minimization transportation problem exists whenever opportunity cost corresponding to unused route of transportation is: |
| A. | ositive & greater than zero |
| B. | ositive with at least one equal to zero |
| C. | egative with at least one equal to zero |
| D. | one of the above |
| Answer» C. egative with at least one equal to zero | |
| 319. |
The occurrence of degeneracy while solving a transportation problem means that. |
| A. | otal supply equals total demand |
| B. | he solution so obtained is not feasible |
| C. | he few allocations become negative |
| D. | one of the above |
| Answer» C. he few allocations become negative | |
| 320. |
The dummy source or destination in a transportation problem is added to. |
| A. | atisfy rim conditions |
| B. | revent solution from becoming degenerate |
| C. | nsure that total cost does not exceed a limit |
| D. | one of the above |
| Answer» B. revent solution from becoming degenerate | |
| 321. |
Operations Research, which is a very powerful tool for ___________. |
| A. | esearch |
| B. | ecision – Making |
| C. | perations |
| D. | one of the above |
| Answer» C. perations | |
| 322. |
The qualitative approach to decision analysis relies on. |
| A. | xperience |
| B. | udgement |
| C. | ntuition |
| D. | ll of the above |
| Answer» E. | |
| 323. |
A physical model is example of. |
| A. | n iconic model |
| B. | n analogue model |
| C. | verbal model |
| D. | mathematical model |
| Answer» D. mathematical model | |
| 324. |
The large negative opportunity cost value in an unused cell in a transportation table is chosen to improve the current solution because. |
| A. | t represents per unit cost reduction |
| B. | t represents per unit cost improvement |
| C. | t ensure no rim requirement violation |
| D. | one of the above |
| Answer» B. t represents per unit cost improvement | |
| 325. |
During an iteration while moving from one solution to the next, degeneracy may occur when. |
| A. | he closed path indicates a diagonal move |
| B. | wo or more occupied cells are on the closed path but neither of them represents a corner of the path. |
| C. | wo or more occupied cells on the closed path with minus sign are tied for lowest circled value |
| D. | ither of the above |
| Answer» D. ither of the above | |
| 326. |
If an opportunity cost value is used for an unused cell to test optimality, it should be. |
| A. | qual to zero |
| B. | ost negative number |
| C. | ost positive number |
| D. | ny value |
| Answer» C. ost positive number | |
| 327. |
The solution to a transportation problem with ‘m’ rows (supplies) & ‘n’ columns (destination) is feasible if number of positive allocations are. |
| A. | +n |
| B. | *n |
| C. | +n-1 |
| D. | +n+1 |
| Answer» D. +n+1 | |
| 328. |
An assignment problem is considered as a particular case of a transportation problem because. |
| A. | he number of rows equals columns |
| B. | ll xij = 0 or 1 |
| C. | ll rim conditions are 1 |
| D. | ll of the above |
| Answer» E. | |
| 329. |
The degeneracy in the transportation problem indicates that |
| A. | ummy allocation(s) needs to be added |
| B. | he problem has no feasible solution |
| C. | he multiple optimal solution exist |
| D. | & b but not c |
| Answer» D. & b but not c | |
| 330. |
Which of the following methods is used to verify the optimality of the current solution of the transportation problem? |
| A. | east cost method |
| B. | ogel’s approximation method |
| C. | odified distribution method |
| D. | ll of the above |
| Answer» D. ll of the above | |
| 331. |
If there were n workers & n jobs there would be. |
| A. | ! solutions |
| B. | n-1)! solutions |
| C. | n!)n solutions |
| D. | solutions |
| Answer» B. n-1)! solutions | |
| 332. |
The purpose of a dummy row or column in an assignment problem is to. |
| A. | btain balance between total activities & total resources |
| B. | revent a solution from becoming degenerate |
| C. | rovide a means of representing a dummy problem |
| D. | one of the above |
| Answer» B. revent a solution from becoming degenerate | |
| 333. |
The method used for solving an assignment problem is called. |
| A. | educed matrix method |
| B. | ODI method |
| C. | ungarian method |
| D. | one of the above |
| Answer» D. one of the above | |
| 334. |
Every basic feasible solution of a general assignment problem, having a square pay-off matrix of order, n should have assignments equal to. |
| A. | n+1 |
| B. | n-1 |
| C. | +n-1 |
| D. | +n |
| Answer» C. +n-1 | |
| 335. |
An assignment problem is a special case of transportation problem, where. |
| A. | umber of rows equals number of columns |
| B. | ll rim conditions are 1 |
| C. | alues of each decision variable is either 0 or 1 |
| D. | ll of the above |
| Answer» E. | |
| 336. |
The assignment problem. |
| A. | equires that only one activity be assigned to each resource |
| B. | s a special case of transportation problem |
| C. | an be used to maximize resources |
| D. | ll of the above |
| Answer» E. | |
| 337. |
This innovative science of Operations Research was discovered during _____________. |
| A. | ivil War |
| B. | orld War I |
| C. | orld War II |
| D. | ndustrial Revolution |
| Answer» D. ndustrial Revolution | |
| 338. |
The term Operations Research was coined in the year ____________. |
| A. | 950 |
| B. | 940 |
| C. | 978 |
| D. | 960 |
| Answer» C. 978 | |
| 339. |
Who defined Operations Research as an aid for the executive in marketing his decisions by providing him with the quantitative information based on the scientific method of analysis ? |
| A. | . Kitte |
| B. | .M. Wagner |
| C. | .L. Arnoff |
| D. | one of the above |
| Answer» B. .M. Wagner | |
| 340. |
Who defined Operations Research as scientific approach to problem solving for executive management ? |
| A. | .L. Arnoff |
| B. | .M.S. Blackett |
| C. | .M. Wagner |
| D. | one of the above |
| Answer» D. one of the above | |
| 341. |
In ___________ models, everything is defined and the results are certain,. |
| A. | eterministic Models |
| B. | robabilistic Models |
| C. | oth A and B |
| D. | one of the above |
| Answer» B. robabilistic Models | |
| 342. |
Allocation problems can be solved by. |
| A. | inear Programming Technique |
| B. | on – Linear Programming Technique |
| C. | oth A and B |
| D. | one of the above |
| Answer» D. one of the above | |
| 343. |
__________ models involves the allocation of resources to activities in such a manner that some measure of effectiveness is optimized. |
| A. | equencing |
| B. | llocation Models |
| C. | ueuing Theory |
| D. | ecision Theory |
| Answer» C. ueuing Theory | |
| 344. |
Operations Research study generally involves how many phases ? |
| A. | hree |
| B. | our |
| C. | ive |
| D. | wo |
| Answer» B. our | |
| 345. |
Operations Research emphasizes on the overall approach to the system. This characteristics of Operations Research is often referred as. |
| A. | ystem Orientation |
| B. | ystem Approach |
| C. | nterdisciplinary |
| D. | eam Approach |
| Answer» E. | |
| 346. |
There is a great scope for ____________ working as a team to solve problems of defence by using the Operations Research approach. |
| A. | conomists |
| B. | dministrators |
| C. | tatisticians and Technicians |
| D. | ll of the above |
| Answer» E. | |
| 347. |
Operations Research has the characteristics the it is done by a team of _____________. |
| A. | cientists |
| B. | athematicians |
| C. | cademics |
| D. | ll of the above |
| Answer» B. athematicians | |
| 348. |
Who defined Operations Research as scientific method of providing executive departments with a quantitative basis for decisions regarding the operations under their control? |
| A. | orse and Kimball (1946) |
| B. | .M.S. Blackett (1948) |
| C. | .L. Arnoff and M.J. Netzorg |
| D. | one of the above |
| Answer» B. .M.S. Blackett (1948) | |
| 349. |
The operations Research technique, specially used to determine the optimum strategy is. |
| A. | ecision Theory |
| B. | imulation |
| C. | ame Theory |
| D. | one of the above |
| Answer» C. ame Theory | |
| 350. |
The word __________ may be defined as some action that we apply to some problems or hypothesis. |
| A. | esearch |
| B. | peration |
| C. | oth A and B |
| D. | one of the above |
| Answer» C. oth A and B | |