Quantitative Technique assign 1

QUESTION 1
1. Dummy sources will be incorporated in transportation problem if 
Destinations are more than sources

Sources are more than destinations

Sources and destinations are equal

The number of sources is an odd number.

3 points   
QUESTION 2
1. Row operations can deal with a set of equations that are not all ___________.
Dependent
Single
Different
Independent

3 points   
QUESTION 3
1. If the number of rows of a matrix is equal to its number of columns, the matrix is said
to be a ________________ matrix.
Square
Circular
Singular
Rectangular

3 points   
QUESTION 4
1. Two matrices can be added if they have the same 
number of columns
number of rows

number of elements

dimensions

3 points   
QUESTION 5
1. Each variable represents a distinct dimension of the _____________ making task.
Decision
Policy Holder
Formulator
All Three

2 points   
 Quantitative Technique assign 1

QUESTION 6
1. A variable, the building block of the decision task, may be seen as a small piece of a
complex _________________.
Building
Behaviour
Emotions
Mutimodels

2 points   
QUESTION 7
1. No player is aware of his opponent's _____________ until he decides his own.
no. of allocations is m+n-1

no. of rows = no. of columns

total demand = total supply

all of these

2 points   
QUESTION 8
1. Every decision making task results in an ___________ which is the evidence of the
decision taken.
Input
Early Manner
Output
Permanent

2 points   
QUESTION 9
1. If Maximum value in row is equal to the minimum value in column, then saddle point
_______________.
Exist
Does not exist
Lost
calculated

2 points   
QUESTION 10
1. This decision-making is referred to as the minimax-maximin principle to obtain the
best possible selection of a strategy for the ____________.
Player
Game
Calculations
Strategies
 Quantitative Technique assign 1

2 points   
QUESTION 11
1. There are _______________-wide and market-wide decisions that have to be made.
Formal
Industry
Promotional
Creation

2 points   
QUESTION 12
1. _____________ management decisions are primarily company-wide in nature.
High
Middle
Lower
None

2 points   
QUESTION 13
1. In a pay-off matrix, the minimum value in each row represents the minimum
______________ for player A.
Loss
Reduction
Posotivities
Gain

2 points   
QUESTION 14
1. ____________ refers to both policy execution as well as policy development.
Motivating
Responsibility
Planning
Directing

2 points   
QUESTION 15
1. This is the characteristics of a good questionnaire 
no. of questions are kept minimum

questions are unambiguous 

questions are in logical arrangement

all of these

2 points   
QUESTION 16
 Quantitative Technique assign 1

1. A dummy destination is added to the table, if

no. of destinations is more than no. of sources

no. of sources is more than no. of destinations

no. of sources and destinations is equal

no of destinations is greater than 4

2 points   
QUESTION 17
1. The aim of the game is to determine how the players must select their respective
strategies such that the pay-off is _____________.
Reduced
Maximized
Minimized
Optimized

2 points   
QUESTION 18
1. In industry optimization means the minimization of ____________ and the
maximization of profits.
Cost
Labour
Land
Time

2 points   
QUESTION 19
1. ________________ or interior-point methods, visit points within the interior of the feasible region.
Dual

Barrier

Diagonal

Primal

4 points   
QUESTION 20
1. Linear Programming is applied to minimize the ____________ or maximize the
profit.
Cost
Production
Labour
All three

4 points   
QUESTION 21
 Quantitative Technique assign 1

1. A ____________ tree is a decision flow diagram that includes branches leading to

alternatives one can select among the usual branches leading to events that depend on
probabilities.
Managerial
Multilevel
Decisions
All Three

4 points   
QUESTION 22
1. EVPI stands for- Expected ___________ of Perfect Information.
Valuable
Variable
Variaties
Value

4 points   
QUESTION 23
1. Linear programming is used as a ______________ approach to decision making and an optimization
technique used in operations research.
Mathemetical

Geographical

Heuristic 

None

4 points   
QUESTION 24
1. It is possible to multiply a square matrix with a column matrix, if no. of columns in the column matrix
are equal to no. of columns of the square matrix.

 True

 False

1 points   
QUESTION 25
1. Positional averages do not use stas calculations but give you an indication about the
positional characteristics of certain items.

 True

 False

1 points   
QUESTION 26
1. Game theory can involve only 2 players.
 Quantitative Technique assign 1

 True

 False

1 points   
QUESTION 27
1. The method of testing the consistency of a system is also provided by the matrix
algebra

 True

 False

1 points   
QUESTION 28
1. The normal distribution is completely determined by its expected value or mean (denoted by m) and
standard deviations.

 True

 False

1 points   
QUESTION 29
1. commercial averages are the applications of averages in commercial situations.

 True

 False

1 points   
QUESTION 30
1. production loss It is incurred due to failure of not adopting most favourable course of
action or strategy.

 True

 False

1 points   
QUESTION 31
1. Exponential smoothing method of forecasting considers all past demands and forecasts.

 True

 False

1 points   
QUESTION 32
1. If two data sets are merged, the standard deviation of merged data sets will be equal to sum of standard
deviations of the two data sets.

 True
 Quantitative Technique assign 1

 False

1 points   
QUESTION 33
1. Unbalanced transportation problem is also known as a degenerate transportation problem. 

 True

 False

1 points   
QUESTION 34
1. The variables can be classified as primary and secondary. 

 True

 False

1 points   
QUESTION 35
1. A matrix is a rectangular or square array of numbers arranged into rows and columns,
where the numbers acquire meaning from their position in the array.

 True

 False

1 points   
QUESTION 36
1. Game Theory is applicable to those competitive situations which are technically
known as “outdoor games”.

 True

 False

1 points   
QUESTION 37
1. A subjective interpretation of probabilities is often useful for business decision
making.

 True

 False

1 points   
QUESTION 38
1. Convenience sampling is a probability sampling method.

 True

 False
 Quantitative Technique assign 1

1 points   
QUESTION 39
1. Maximin is a decision-making model when we deal with environment of risk.

 True

 False

1 points   
QUESTION 40
1. The main advantage of mode is that the value of mode is not affected by the extreme
values of the series

 True

 False

1 points   
QUESTION 41
1. A matrix may also add a matrix with different dimensions.

 True

 False

1 points   
QUESTION 42
1. Data obtained through survey, is secondary data.

 True

 False

1 points   
QUESTION 43
1. The Markov process can be only in one state at a given time.

 True

 False

1 points   
QUESTION 44
1. Linear programming can be used for deciding optimal product mix.

 True

 False

1 points   
QUESTION 45
1. EVPI stands for- Expected variable of Perfect Information.
 Quantitative Technique assign 1

 True

 False

1 points   
QUESTION 46
1. If two dice are thrown simultaneously, the probability of getting two 6s is 1/36.

 True

 False

1 points   
QUESTION 47
1. In personal interviews, the information is likely to be more accurate and reliable. 

 True

 False

1 points   
QUESTION 48
1. What is the probability that a value chosen at random from a population is larger than
the median of the population.0.25

 True

 False

1 points   
QUESTION 49
1. A probability function assigns probabilities to each element of a set of events that may occur.

 True

 False

1 points   
QUESTION 50
1. A liner problem can be tabulated in a matrix called transportation matrix.

 True

 False

1 points   
QUESTION 51
1. Probability sampling methods are those in which every item in the universe has a
known chance or probability of being included in the sample

 True

 False
 Quantitative Technique assign 1

1 points   
QUESTION 52
1. Mode and Median are the measures of variation in data.

 True

 False

1 points   
QUESTION 53
1. Moving Average is useful in eliminating the irregularity of time series and is
generally computed to study the analysis

 True

 False

1 points   
QUESTION 54
1. In risk decision environment, the decision maker knows the likelihood of the occurrence of each of
state of nature.The probability of occurrence of each state is known.

 True

 False

1 points   
QUESTION 55
1. Markov models are used to analyze states of none system to describe its position at
any instant of time.

 True

 False

1 points   
QUESTION 56
1. Data which is not originally collected but rather obtained from published sources and
is normally statistically processed is known as primary

 True

 False

1 points   
QUESTION 57
1. mode is that value which has the maximum frequency (i.e. occurs most often) in a
given set of values.

 True

 False
 Quantitative Technique assign 1

1 points   
QUESTION 58
1. If two rows of a determinant are interchanged, its value remains the same.

 True

 False

1 points   
QUESTION 59
1. It is often useful to represent a matrix by a single symbol.

 True

 False

1 points   
QUESTION 60
1. Secondary data is also known as published data.

 True

 False

1 points   
QUESTION 61
1. In a zero sum two player game, the gain of player A is equal to the loss of player B. 

 True

 False

1 points   
QUESTION 62
1. Once the conceptual model has been properly designed, the quantitative model and its
algorithms should almost “Flow” out of it.

 True

 False

1 points   
QUESTION 63
1. In a matrix of transition probability,the probability values should add up to one in
each-: all three

 True

 False

1 points   

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