

McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Computer Science Engineering (CSE) , Civil Engineering , Bachelor of Business Administration (BBA) , Bachelor of Tourism Studies (BTS) .
Chapters
201. |
Activities that cannot be started until one or more of the other activities are completed, but immediately succeed them are called ……activities |
A. | Predecessor |
B. | Successor |
C. | Dummy |
D. | End |
Answer» B. Successor |
202. |
An event which represents the beginning of more than one activity is known as ………..event. |
A. | Merge |
B. | Net |
C. | Burst |
D. | None of the above |
Answer» C. Burst |
203. |
If two constraints do not intersect in the positive quadrant of the graph, then |
A. | The problem is infeasible |
B. | The solution is unbounded |
C. | One of the constraints is redundant |
D. | None of the above |
Answer» D. None of the above |
204. |
Constraint in LP problem are called active if they |
A. | Represent optimal solution |
B. | At optimality do not consume all the available resources |
C. | Both of (a) and (b) |
D. | None of the above |
Answer» A. Represent optimal solution |
205. |
Alternative solutions exists 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» B. Objective function equation is parallel to one of the constraints |
206. |
While solving an LP problem, infeasibility may be removed by |
A. | Adding another constraint |
B. | Adding another variable |
C. | Removing a constraint |
D. | Removing a variable |
Answer» C. Removing a constraint |
207. |
………is that sequence of activities which determines the total project time. |
A. | Net work |
B. | Critical path |
C. | Critical activities |
D. | None of the above |
Answer» B. Critical path |
208. |
Activities lying on the critical path are called…………. |
A. | Net work |
B. | Critical path |
C. | Critical activities |
D. | None of the above |
Answer» C. Critical activities |
209. |
It ………. at which an activity can start. |
A. | EST |
B. | EFT |
C. | LST |
D. | LFT |
Answer» A. EST |
210. |
………… is the earliest starting time plus activity time. |
A. | EST |
B. | EFT |
C. | LST |
D. | LFT |
Answer» B. EFT |
211. |
………. 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 |
212. |
……….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 |
213. |
……………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 |
214. |
……… 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 |
215. |
……….is activity oriented. |
A. | CPM |
B. | PERT |
C. | LP |
D. | None of the above |
Answer» A. CPM |
216. |
………. is event oriented. |
A. | CPM |
B. | PERT |
C. | LP |
D. | None of the above |
Answer» B. PERT |
217. |
PERT emphasis on ……….. |
A. | Time |
B. | Activity |
C. | a) and b) |
D. | None of the above |
Answer» A. Time |
218. |
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» A. Performance evaluation review technique |
219. |
…….. is a scheme or design of something intended or device. |
A. | Programme |
B. | Project |
C. | Network |
D. | Float |
Answer» C. Network |
220. |
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 |
221. |
The event is commonly represented by …… in network diagram |
A. | Nodes |
B. | Arrow |
C. | Triangle |
D. | None of these |
Answer» A. Nodes |
222. |
…….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 |
223. |
…………. is an activity oriented diagram. |
A. | CPM |
B. | PERT |
C. | Histogram |
D. | None of the above |
Answer» A. CPM |
224. |
………… 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 |
225. |
………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 |
226. |
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 |
227. |
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 |
228. |
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 |
229. |
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 |
230. |
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 |
231. |
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 |
232. |
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. |
233. |
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. |
234. |
The equally likely decision criteria is also known as |
A. | Bayes |
B. | Laplace |
C. | Minimax |
D. | Hurwicz |
Answer» B. Laplace |
235. |
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 |
236. |
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 |
237. |
The maximax criteria is…….. |
A. | Optimistic |
B. | Neutral |
C. | Pessimistic |
D. | Can be any one of the above |
Answer» C. Pessimistic |
238. |
Which of the following might be viewed as an optimistic decision criterion? |
A. | Hurwicz criterion |
B. | Maximin |
C. | Maximax |
D. | Minimax |
Answer» C. Maximax |
239. |
The minimum EOL will always result in the same decision as |
A. | Minimax |
B. | Maximin |
C. | Maximum EMV |
D. | Maximax |
Answer» C. Maximum EMV |
240. |
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 |
241. |
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 |
242. |
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) |
243. |
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 |
244. |
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 |
245. |
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 |
246. |
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 |
247. |
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 |
248. |
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 |
249. |
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 |
250. |
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 |
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