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9/1/2019 Take Test: MBCQ721D-Quantitative Techniques for Management ...

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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

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The question paper will be for 100 marks and considering marks allotted to each question, the total number of questions would
Question Completionbe
Status:
around 63.
There will not be negative marking for wrong answers.
In case candidate does not want to attempt the question he I she should not mouse-click any option.
The students are allowed to save the responses and come back later to resume, complete and "Save and Submit" the
assignment. However, if the Due Date has expired, then the assignment will not be accessible and will be marked as zero. In
such cases, the student can re-attempt the assignment allocated after enrolling in the 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 2 points Saved

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

QUESTION 2 2 points Saved

___________ 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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Question Completion Status:


QUESTION 3 2 points Saved

In industry, it is ultimately some kind of product, that is, a good service or on ___________.
Idea
Bad Service
Plan
Decision

QUESTION 4 2 points Saved

The term “_____________” represents a conflict between two or more individuals or groups or organizations.
Theory
Game
Processors
Behaviour

QUESTION 5 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 6 2 points Saved

The solution to a transportation problemwith m-rows and n-coloumns (destination) is feasible if number of positive
allocations are-:
m+n-1
m+n
mxn
m+n+1

QUESTION 7 2 points Saved

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A strategy
Question can also
Completion be dominated when it is _____________ to an average of two or more pure strategies.
Status:
Smaller
Inferior
Lesser
Superior

QUESTION 8 2 points Saved

Satisfying refers to the attainment of certain minimum ______________.


Work
Time
Labours
Objectives

QUESTION 9 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 10 2 points Saved

There are _______________-wide and market-wide decisions that have to be made.


Formal
Industry
Promotional
Creation

Q U E S T I O N 11 2 points Saved

To convert the unbalanced transportation problem into a balanced problem, add a _____________ destination.
Extra
Dummy
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Dummy
Question Completion
Single Status:

Double

QUESTION 12 2 points Saved

____________ refers to both policy execution as well as policy development.


Motivating
Responsibility
Planning
Directing

QUESTION 13 2 points Saved

The reasoning takes place in the decision making rectangle which is sometimes referred to as, quite appropriately,
the ____________ box.
Blue
Red
Pink
Black

QUESTION 14 2 points Saved

If the maximin value is equal to minimax value, the game has a _____________ point.
Starting
Ending
Saddle
Formal

QUESTION 15 3 points Saved

What is the probability that a value chosen at random from a population is larger than the median of the
population.

0.25

05
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0.5
Question Completion Status:
0.75

None

QUESTION 16 3 points Saved

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

QUESTION 17 3 points Saved

The method of testing the consistency of a system is also provided by the matrix _____________.
Algebra
Formulaes
Methord
All Three

QUESTION 18 3 points Saved

Probabilities of all the various possible outcomes of a trial must sum to _________________.
Two
Five
Zero
One

QUESTION 19 4 points Saved

A Linear Programming problem is a special case of a ________________ Programming problem.


Scientific
Geographical
Managerial
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Mathemetical
Question Completion Status:

QUESTION 20 4 points Saved

___________ means if a programme maximizes or minimizes some measure or criterion of effectiveness.


Optimal
Linear
Operational
Scientific

QUESTION 21 4 points Saved

The objective of a mathematical problem should be defined ______________.

Explicitly

Implicitly

Both

None

QUESTION 22 4 points Saved

____________ probability distributions are those in which the random variable can take on only specific values.
Same
Continuous
Discrete
Different

QUESTION 23 4 points Saved

In the ___________ situation the information is completely known and the outcome of a specified decision can be
predetermined with certainty.
Oligopolistic
Monopolistic
both A and B
D t i i ti
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Deterministic
Question Completion Status:

QUESTION 24 1 points Saved

The transition matrix elements remain positive from one period to the next.This property is known as the regular
property of Markov model
True
False

QUESTION 25 1 points Saved

The data is represented in a circle in a pie chart.


True
False

QUESTION 26 1 points Saved

If the demand shows an increasing pattern, exponential smoothing should be used as a forecasting technique.
True
False

QUESTION 27 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 28 1 points Saved

A numeric value that indicate the ratio of standard deviation to mean is called coefficient of variation.
True
False

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Question Completion Status:

QUESTION 29
1 points Saved
primary data represents those items that are collected for the first time and first hand.
True
False

QUESTION 30 1 points Saved

Each outcome determines the gain or choices of each player.


True
False

QUESTION 31 1 points Saved

Two or more events are none exclusive if only one of the events can occur on any one trial.
True
False

QUESTION 32 1 points Saved

A decisions 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.
True
False

QUESTION 33 1 points Saved

Continuous variables can be measured to any arbitrary degree of accuracy


True
False

QUESTION 34 1 points Saved


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Question
TheCompletion Status: the more accurate are its indications for the population.
larger the sample,

True
False

QUESTION 35 1 points Saved

A variable, the building block of the decision task, may be seen as a small piece of a complex Behaviour.
True
False

QUESTION 36 1 points Saved

A game is played when each player chooses a course of action (strategy) out of the available value
True
False

QUESTION 37 1 points Saved

An alternative definition of probability is based on counting numbers of equally likely events.


True
False

QUESTION 38 1 points Saved

Multiplying 'n' observations of a data and taking their square root gives the harmonic mean.
True
False

QUESTION 39 1 points Saved

random variables take on only whole number values


True
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False
Question Completion Status:

QUESTION 40 1 points Saved

The break even point is when profit = 1 that is your revenue is equal to your costs.
True
False

QUESTION 41 1 points Saved

Mean median and mode in a normal probability distribution are equal.


True
False

QUESTION 42 1 points Saved

middle management decisions are primarily company-wide in nature.


True
False

QUESTION 43 1 points Saved

Probabilities are always greater than or equal to zero and are less than or equal to one.
True
False

QUESTION 44 1 points Saved

snowball sampling is a variation of simple random sampling.


True
False

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Q U ECompletion
Question S T I O N 4 Status:
5 1 points Saved

In calculating simple arithmetic mean it is assumed that all items were equal in importance.
True
False

QUESTION 46 1 points Saved

In risk situation the information is completely known and the outcome of a specified decision can be
predetermined with certainty.
True
False

QUESTION 47 1 points Saved

Only square matrix can be converted to a determinant.


True
False

QUESTION 48 1 points Saved

A set of two linear equations can be solved graphically.


True
False

QUESTION 49 1 points Saved

Mathematical averages are those which utilize mathematical formula for the calculation of their values
True
False

QUESTION 50 1 points Saved


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QUESTION 50 1 points Saved
Question Completion Status:
A program is a set of instructions arranged in a logical sequence

True
False

QUESTION 51 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 52 1 points Saved

In assignment problem 1 worker can be assigned two tasks.


True
False

QUESTION 53 1 points Saved

If two rows of a determinant are interchanged, its value remains the same.
True
False

QUESTION 54 1 points Saved

Each variable represents a distinct dimension of the decision making task.


True
False

QUESTION 55 1 points Saved

In stratified sampling method the entire population is divided into a number of groups called stars
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In stratified sampling method, the entire population is divided into a number of groups called stars
True
Question Completion Status:

False

QUESTION 56 1 points Saved

Variables are the terms used for economic quantities that can assume any values within a given set.
True
False

QUESTION 57 1 points Saved

A decision always involves choice among several Aternatives.


True
False

QUESTION 58 1 points Saved

The Delphi method consists of a panel of experts and a series of rounds during which forecasts are made via
questionnaire.
True
False

QUESTION 59 1 points Saved

EVPI stands for- Expected variable of Perfect Information.


True
False

QUESTION 60 1 points Saved

Secondary data is also known as published data.


True
False
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False
Question Completion Status:

QUESTION 61 1 points Saved

If this m-1 condition is not satisfied, degeneracy occurs.


True
False

QUESTION 62 1 points Saved

IFS stands for - Initial Feasible solution


True
False

QUESTION 63 1 points Saved

Linear Equation may be defined as an equation where the power of the variable(s) is one and no cross or product
terms are present.
True
False

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