McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Business Administration (BBA) , Master of Commerce (M.com) .
| 51. |
It ………. at which an activity can start. |
| A. | est |
| B. | eft |
| C. | lst |
| D. | lft |
| Answer» A. est | |
| 52. |
………… is the earliest starting time plus activity time. |
| A. | est |
| B. | eft |
| C. | lst |
| D. | lft |
| Answer» B. eft | |
| 53. |
………. is the latest time by which an activity can be started without delaying the completion of the project. |
| A. | est |
| B. | eft |
| C. | lst |
| D. | lft |
| Answer» C. lst | |
| 54. |
……….is the latest time by which an activity can be finished without delaying the completion of the project. |
| A. | est |
| B. | eft |
| C. | lst |
| D. | lft |
| Answer» D. lft | |
| 55. |
……………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 |
| Answer» B. total float | |
| 56. |
……… is the time by which the completion of an activity can be delayed beyond its earliest finish time without affecting the earliest start time of a succeeding activity |
| A. | slack |
| B. | total float |
| C. | free float |
| D. | independent float |
| Answer» C. free float | |
| 57. |
……….is activity oriented. |
| A. | cpm |
| B. | pert |
| C. | lp |
| D. | none of the above |
| Answer» A. cpm | |
| 58. |
………. is event oriented. |
| A. | cpm |
| B. | pert |
| C. | lp |
| D. | none of the above |
| Answer» B. pert | |
| 59. |
PERT emphasis on ……….. |
| A. | time |
| B. | activity |
| C. | a) and b) |
| D. | none of the above |
| Answer» A. time | |
| 60. |
Full form of PERT is |
| A. | performance evaluation review technique |
| B. | programme evaluation review technique |
| C. | programme evaluation research technique |
| D. | none of these. |
| Answer» B. programme evaluation review technique | |
| 61. |
…….. is a scheme or design of something intended or device. |
| A. | programme |
| B. | project |
| C. | network |
| D. | float |
| Answer» C. network | |
| 62. |
An activity which must be completed before one or more other activities start is known as …………activity. |
| A. | dummy |
| B. | predecessor |
| C. | successor |
| D. | none of these |
| Answer» B. predecessor | |
| 63. |
The event is commonly represented by …… in network diagram |
| A. | nodes |
| B. | arrow |
| C. | triangle |
| D. | none of these |
| Answer» A. nodes | |
| 64. |
…….is the disconnection of an activity before the completion of activities in a project network diagram. |
| A. | dangling |
| B. | looping |
| C. | dummy |
| D. | none of the above |
| Answer» C. dummy | |
| 65. |
…………..is an activity oriented diagram. |
| A. | cpm |
| B. | pert |
| C. | histogram |
| D. | none of the above |
| Answer» A. cpm | |
| 66. |
………… is the duration by which an activity can be delayed without delaying the project. |
| A. | total float |
| B. | slack |
| C. | earliest event time |
| D. | none of these |
| Answer» A. total float | |
| 67. |
………is the shortest possible time in which an activity can be delayed without delaying the project. |
| A. | pessimistic time estimate |
| B. | optimistic time estimate |
| C. | most likely time estimate |
| D. | none of these |
| Answer» B. optimistic time estimate | |
| 68. |
Which of the following is not a part of decision tree problem specification? |
| A. | a list of alternatives |
| B. | a list of possible state of nature |
| C. | evpi |
| D. | pay off associated with alternative/ state of nature combination. |
| Answer» C. evpi | |
| 69. |
If a decision theory problem has 3 decision alternatives and 4 states of nature, the number of payoffs in that problem will be |
| A. | 3 |
| B. | 4 |
| C. | 12 |
| D. | 64 |
| Answer» C. 12 | |
| 70. |
In a decision theory problem under complete uncertainty, which one of the following approaches will not be possible? |
| A. | expected monetary value |
| B. | maxmin |
| C. | minimax |
| D. | hurwicz |
| Answer» A. expected monetary value | |
| 71. |
For decision making under uncertainty, identify the decision rule that is appropriate for the optimist. |
| A. | laplace |
| B. | maximax |
| C. | minimax regret |
| D. | maxmin |
| Answer» B. maximax | |
| 72. |
What decision-making condition must exist for the decision tree to be a valuable tool? |
| A. | certainty |
| B. | uncertainty |
| C. | risk |
| D. | it does not matter, the tool is appropriate in all environments |
| Answer» C. risk | |
| 73. |
Which of the following is (are) types of decision-making environments? |
| A. | decision making under uncertainty |
| B. | decision making under certainty |
| C. | decision making under risk |
| D. | none of the above |
| Answer» B. decision making under certainty | |
| 74. |
A good decision always implies that |
| A. | will obtain the best final results |
| B. | have used appropriate quantitative analysis. |
| C. | have considered all alternatives |
| D. | have followed a logical process. |
| Answer» D. have followed a logical process. | |
| 75. |
All of the following are steps in the decision-making process EXCEPT |
| A. | define the problem |
| B. | list alternatives |
| C. | identify the possible outcomes |
| D. | compute the posterior probabilities. |
| Answer» D. compute the posterior probabilities. | |
| 76. |
The equally likely decision criteria is also known as |
| A. | bayes |
| B. | laplace |
| C. | minimax |
| D. | hurwicz |
| Answer» B. laplace | |
| 77. |
Opportunity loss refers to |
| A. | the expected value of a bad decision |
| B. | the expected loss from a bad decision |
| C. | the difference between actual pay off and the optimal pay off |
| D. | the regret from not having made a decision |
| Answer» C. the difference between actual pay off and the optimal pay off | |
| 78. |
The criteria of expected monetary value is used for making decisions under |
| A. | certainty |
| B. | uncertainty |
| C. | risk |
| D. | all of the above |
| Answer» D. all of the above | |
| 79. |
The maximax criteria is…….. |
| A. | optimistic |
| B. | neutral |
| C. | pessimistic |
| D. | can be any one of the above |
| Answer» C. pessimistic | |
| 80. |
Which of the following might be viewed as an optimistic decision criterion? |
| A. | hurwicz criterion |
| B. | maximin |
| C. | maximax |
| D. | minimax |
| Answer» C. maximax | |
| 81. |
The minimum EOL will always result in the same decision as |
| A. | minimax |
| B. | maximin |
| C. | maximum emv |
| D. | maximax |
| Answer» C. maximum emv | |
| 82. |
Decision theory is concerned with |
| A. | methods of arriving at an optimal decision |
| B. | selecting optimal decision in sequential manner |
| C. | analysis of information that is available |
| D. | all of the above |
| Answer» D. all of the above | |
| 83. |
Which of the following criterion is not used for decision making under uncertainty? |
| A. | maximin |
| B. | maximax |
| C. | minimax |
| D. | minimize expected loss |
| Answer» D. minimize expected loss | |
| 84. |
The minimum expected opportunity loss is |
| A. | equal to evpi |
| B. | minimum regret |
| C. | equal to emv |
| D. | both (a) and (b) |
| Answer» D. both (a) and (b) | |
| 85. |
The expected value of perfect information is equal to |
| A. | eppi – minimum emv |
| B. | eppi + maximum emv |
| C. | maximum eol |
| D. | none of the above |
| Answer» A. eppi – minimum emv | |
| 86. |
The value of the coefficient of optimism is needed while using the criterion of |
| A. | equally likely |
| B. | maximin |
| C. | realism |
| D. | maximin |
| Answer» C. realism | |
| 87. |
while using Hurwicz criterion, the coefficient of realism |
| A. | represents the degree of optimism |
| B. | represents the degree of pessimism |
| C. | is the probability of state of nature |
| D. | none of the above |
| Answer» A. represents the degree of optimism | |
| 88. |
The decision making criteria that should be used to achieve maximum long term pay off is |
| A. | eol |
| B. | emv |
| C. | hurwicz |
| D. | maximax |
| Answer» B. emv | |
| 89. |
Game theory models are classified by the |
| A. | number of players |
| B. | sum of all payoff |
| C. | number of strategies |
| D. | all of the above |
| Answer» D. all of the above | |
| 90. |
The objective of network analysis is to |
| A. | minimize total project duration |
| B. | minimize total project cost |
| C. | minimize production delays, interruption and conflicts |
| D. | all of the above |
| Answer» A. minimize total project duration | |
| 91. |
The initial solution of a transportation problem can be obtained by applying any known method. But the only condition is |
| A. | the solution be optimal |
| B. | the rim conditions are satisfied |
| C. | the solution not be degenerate |
| D. | all of the above |
| Answer» B. the rim conditions are satisfied | |
| 92. |
When total supply is equal to total demand in a transportation problem , the problem is said to be |
| A. | balanced |
| B. | unbalanced |
| C. | degenerate |
| D. | none of the above |
| Answer» A. balanced | |
| 93. |
The term “Operation Research” was coined by : |
| A. | Mc Closky and Trefthen |
| B. | Arthur Clark |
| C. | Churchman, Ackoff and Arnoff |
| D. | George B Dantzig |
| Answer» A. Mc Closky and Trefthen | |
| 94. |
Management Science came into existence in a ................... context. |
| A. | Business |
| B. | Academic |
| C. | Military |
| D. | Religious |
| Answer» C. Military | |
| 95. |
By the beginning of ........................., the industries in USA realised the importance of Management Science in solving business and management problems. |
| A. | 1930s |
| B. | 1940s |
| C. | 1950s |
| D. | 1960s |
| Answer» C. 1950s | |
| 96. |
In India, Operations Research came into existence in the year .............. |
| A. | 1940 |
| B. | 1947 |
| C. | 1949 |
| D. | 1950 |
| Answer» C. 1949 | |
| 97. |
In India, first Operations Research unit was set up at ................................. |
| A. | Regional Research Laboratory, Hyderabad |
| B. | Indian Statistical Institute, Kolkotha |
| C. | Indian Institute of Science and Technology, Bengaluru |
| D. | Indian Institute of Science and Technology, Mohali |
| Answer» A. Regional Research Laboratory, Hyderabad | |
| 98. |
In India, first Operations Research application was made by ........................... |
| A. | Pranab K Sen |
| B. | Prof. Mahalonobis |
| C. | Samarendra Nath Roy |
| D. | Raghu Raj Bahadur |
| Answer» B. Prof. Mahalonobis | |
| 99. |
Operations Research Society of India was formed in the year .................. |
| A. | 1950 |
| B. | 1955 |
| C. | 1957 |
| D. | 1960 |
| Answer» C. 1957 | |
| 100. |
Who defined Operations Research as “the art of giving bad answers to problems which otherwise have worse answers”? |
| A. | H M Wagner |
| B. | H A Taha |
| C. | T L Saaty |
| D. | Arthur Clark |
| Answer» C. T L Saaty | |
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