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Sem3.Quantitative
Take Test: MBCQ721D-Quantitative Techniques for Management Application-Jul19.-Assignment1

Take Test: MBCQ721D-Quantitative Techniques

for Management Application-Jul19.-Assignment1

Test Information
Description MBCQ721D-Quantitative Techniques for Management Application-
Assignment-1

Instructions Center for Continuing Education - UPES

MBCQ721D-Quantitative Techniques for Management
Application
Assignment 1

Total Questions: 63
Total Marks: 100

Assignment Information :

The examination will consist of only Objective type (multiple choice)

questions requiring candidates to Mouse-click their correct choice of
alternatives against the related question number. The questions would
carry 1 to 5 marks each depending on the difficulty level of the question as
indicated in the table below:

Difficulty Level of Questions:

1 Mark - Direct, Memory based

2 Marks - Memory & Conceptual
3 Marks - Conceptual & Analytical
4 Marks - Analytical based on understanding of concepts
5 Marks - Application based on understanding of concepts

•
The question paper will be for 100 marks and considering marks
allotted to each question, the total number of questions would be
around 63.
• There will not be negative marking for wrong answers.
• In case
Click Save and Submit candidate
to save does not
and submit. want
Click Saveto attempt the question
All Answers he answers.
to save all I she
should not mouse-click any option.
• The students are allowed to save the responses and come back
Save All Answers
be accessible and will be marked as zero. In such cases, the student
 can re-attempt the assignment allocated after enrolling in the
Question Completion Status:
subsequent Semester.
• Once submitted, that answer sheet cannot be retreieved for any
editing. The student has to initiate a new attempt (if allowed), if he
has submitted the assignment by mistake.
• The students are normally allowed 3 chances to attempt and
submit the assignment. The number of attempts availed is
displayed under the "Test Information".
• The Highest Grade of the 3 attempts shall be considered for
grading.
• The assignments are auto evaluated, and hence no chance of
re-evaluation/re-totalling is allowed to the student.

Multiple This Test allows 3 attempts. This is attempt number 1.

Attempts
Force This Test can be saved and resumed later.
Completion

QUESTION 1 4 points Saved

_____________is the effectiveness of particular combination of a

course of action and state of nature.
Payoff
Payload
Payfactor
None

QUESTION 2 4 points Saved

______________ Decisions are primarily concerned with day to

day operations of the organization.
calculative
Mechanical
Operating
Official

QUESTION 3 4 points Saved

____________ probability distributions are those in which the

random variable can take on only specific values.
Same
Continuous
Discrete
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Different

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QUESTION 4
 4 points Saved
Question Completion Status:

The given problem in dual is known as ________________.

Primal
Formal 4 points Saved
Both
None
QUESTION 5

Number of __________can be solved manually when there are

two or three variables, in case of large number of variables
computing can be done through software only.
values
Elements
Formulaes
Variables

QUESTION 6 1 points Saved

A Linear Programming problem is a special case of a scientific

Programming problem.
True
False

QUESTION 7 1 points Saved

data is one of the major resources of the organization, developed

over a period of time and therefore needs to be properly managed
and safeguarded.
True
False

QUESTION 8 1 points Saved

In personal interviews, the information is likely to be more accurate

and reliable.
True
False

QUESTION 9 1 points Saved

The mixed interviews are about complex and non-quantifiable

subject matter.
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True
False
Save All Answers
Question Completion Status: 1 points Saved

If matrix B is subtracted from matrix A, the resultant matrix has the

same dimensions as matrix A and B.
True 1 points Saved

False
QUESTION 11

A statement of equality containing one or more variable is known

as an policies
True
False

QUESTION 12 1 points Saved

Simple average is affected by extreme values in the data sets.

True
False

QUESTION 13 1 points Saved

The aim of the game is to determine how the players must select
their respective strategies such that the pay-off is reduced
True
False

QUESTION 14 1 points Saved

An average can be defined as a central value around which other

values of series tend to cluster
True
False

QUESTION 15 1 points Saved

Operating Decisions are primarily concerned with day to day

operations of the organization.
True
False

Q U ESave
Click S T I and
O N Submit
16 1 points
to save and submit. Click Save All Answers Saved
to save all answers.
The confidence level or reliability of the sample is found from the
sampling both Save All Answers
True
False
Question Completion Status:

QUESTION 17 1 points Saved

No player is aware of his opponent's choices until he decides his

own.
True
False

QUESTION 18 1 points Saved

A program is a set of instructions arranged in a logical sequence

True
False

QUESTION 19 1 points Saved

Two or more equations are said to be equivalent if they have the

wrong solution.
True
False

QUESTION 20 1 points Saved

A numeric value that indicate the ratio of standard deviation to

mean is called coefficient of variation.
True
False

QUESTION 21 1 points Saved

Multiplying 'n' observations of a data and taking their square root

gives the harmonic mean.
True
False

QUESTION 22 1 points Saved

Theory of equations is frequently used in solving the problems of

business
Trueand Submit to save and submit. Click Save All Answers to save all answers.
Click Save
False

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QUESTION 23
 1 points Saved
Question Completion Status:

The control system function is to optimize the transformation of

inputs into the desired Form.
True 1 points Saved
False
QUESTION 24

commercial averages are the applications of averages in

commercial situations.
True
False

QUESTION 25 1 points Saved

The variables can be classified as primary and secondary.

True
False

QUESTION 26 1 points Saved

evvp is the maximum obtainable expected monetary value based

on perfect information as to which state of nature will occur.
True
False

QUESTION 27 1 points Saved

The objective should be defined implicitly

True
False

QUESTION 28 1 points Saved

motivating refers to both policy execution as well as policy

development.
True
False

QUESTION 29 1 points Saved

Click Save
There areand Submit to save
Indusry-wide and submit. decisions
and market-wide Click Savethat
All have
Answers
to beto save all answers.
made.
True
Save All Answers
False
Question Completion Status:

QUESTION 30 1 points Saved

Function form only tells us that there is a relation between the

variables.
True
False

QUESTION 31 1 points Saved

A zero element in the transition matrix indicates that the transition

is possible
True
False

QUESTION 32 1 points Saved

Data must be numerically expressed in measurable units

True
False

QUESTION 33 1 points Saved

The data collected could be in terms of qualitative variables or in

terms of quantitative variables.
True
False

QUESTION 34 1 points Saved

Continuous probability distributions are those in which the random

variable can take on only specific values.
True
False

QUESTION 35 1 points Saved

Central tendency refers to the middle point of a statistical

distribution and is also known as an average
Trueand Submit to save and submit. Click Save All Answers to save all answers.
Click Save
False

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QUESTION 36
 1 points Saved
Question Completion Status:

Broadly there are three types of decisions including Strategic

decisions, formal Decisions and Operating Decisions.
True 1 points Saved
False
QUESTION 37

faults may occur at any stage of enquiry, i.e., planning, collection,

processing and analysis of data.
True
False

QUESTION 38 1 points Saved

If Maximum value in row is equal to the minimum value in column,

then saddle point exist
True
False

QUESTION 39 1 points Saved

random variables take on only whole number values

True
False

QUESTION 40 1 points Saved

A discrete probability distribution is sometimes called a probability

mass function.
True
False

QUESTION 41 1 points Saved

The difference between revenue and total production costs can be

described as net profit.
True
False

QUESTION 42 1 points Saved

Click Save and Submit to save and submit. Click Save All Answers to save all answers.
For slow decision-making purposes, the subjective interpretation is
frequently required.
True
Save All Answers
False
Question Completion Status:

QUESTION 43 1 points Saved

Information, which is the processed form of data, refers to

collection of numbers, letters, or symbols, maintained or produced
for the mangement when required.
True
False

QUESTION 44 1 points Saved

We use the word forecast when some logical method is used.

True
False

QUESTION 45 1 points Saved

Every decision making task results in an output which is the

evidence of the decision taken.
True
False

QUESTION 46 3 points Saved

A _______ is a rectangular or square array of numbers arranged

into rows and columns, where the numbers acquire meaning from
their position in the array.
Matrix
Vector
Both
None

QUESTION 47 3 points Saved

In exponential smoothing method of forecasting, a high value of α

is used if
demand is stable

demand is slightly unstable

demand is shifting

the value
Click Save of α doesn't
and Submit depend
to save upon demand
and submit. Click Save All Answers to save all answers.

Save All Answers

QUESTION 48 3 points
Question Completion Status:

The_______________ models play a very important role in

forecasting.
Geographical 3 points Saved
Mathematical
statistics
None
QUESTION 49

Information, which is the processed form of data, refers to

collection of numbers, letters, or symbols, maintained or produced
for the _______________ when required.
Organization
Management
Company
All three

QUESTION 50 2 points Saved

Satisfying refers to the attainment of certain minimum

______________.
Work
Time
Labours
Objectives

QUESTION 51 2 points Saved

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

QUESTION 52 2 points Saved

________________ is a type of Assignment problem.

Zero
Formulae
Propotional
Restricted
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QUESTION 53 2 points
Save All Answers
Question Completion Status:

___________ condition is the necessary and sufficient condition

for determining the optimal solution any transportation problem.
Effective 2 points Saved
Formal
Rim
Demand
QUESTION 54

In industry optimization means the minimization of ____________

and the maximization of profits.
Cost
Labour
Land
Time

QUESTION 55 2 points Saved

The variables can be classified in terms of

_____________________.

continuous and discrete

raw and processed

primary and secondary

all of these

QUESTION 56 2 points Saved

In a game with two players, if the gain of one player is equal to the
loss of another player, then the game is a two person
___________________ game.
One-sum
All-sum
Zero-sum
Few-sum

QUESTION 57 2 points Saved

There are _______________-wide and market-wide decisions that

have to be made.
Formal
Industry
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Promotional
Creation

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QUESTION 58
 2 points Saved
Question Completion Status:

A _____________ problem can be tabulated in a matrix called

transportation matrix.
Mathemetical 2 points Saved
Geographical
Liner
Transportation
QUESTION 59

Each variable represents a distinct dimension of the

_____________ making task.
Decision
Policy Holder
Formulator
All Three

QUESTION 60 2 points Saved

The degeneracy occurs in the transportation problem when we find

________ and observe that if the numbers of occupied cells are
less than the total number of rows plus columns minus one).
FCS
IFS
FSC
FFC

QUESTION 61 2 points Saved

In a pay-off matrix, the minimum value in each row represents the

minimum ______________ for player A.
Loss
Reduction
Posotivities
Gain

QUESTION 62 2 points Saved

The ____________ model identifies the optimal way, but for a

variety of reasons, other satisfying options may be selected and
acted upon.
Basic
Forecasting
Programming
Mathematical
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QUESTION 63 2 points Save All Answers

Question Completion Status:

___________ strategy is the decision rule which is always followed

by the player to select the particular course of action.
Clean
Big
Formal
Pure

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