.

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
.
2 points   
QUESTION 2
.

Game Theory is applicable to those competitive situations which are

technically known as “_______________ games”.
.

Competitive
Outdoor
Modelling
Indoor
.
2 points   
QUESTION 3
.

The smallest allocation in a cell with –ve sign on the closed path indicates
number of units that can be shipped to the _______________ cells.
.

Occupied
distanced
Unoccupied
None
.
2 points   
QUESTION 4
.

_____________ management decisions are primarily company-wide in

nature.
.

High
Middle
Lower
None
.
2 points   
QUESTION 5
.

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 6
.

The objective of transportation problem is to minimize the cost of

transportation under the given supply and ____________ constraints.
.

Supply
Demand
Formal
Informal
.
2 points   
QUESTION 7
.

Economic and ______________ models for private and public enterprises are
generally used to assist major decisions & policy formulation.
.

Econometrics
Mathemetics
Accounting
Stats
.
2 points   
QUESTION 8
.

When the total supply of all the sources is not equal to the total demand of all
destinations, the problem is an _______________ transportation problem.
.

Balanced
Difficult
Proper
Unbalanced
.
2 points   
QUESTION 9
.

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
.
2 points   
QUESTION 10
.

___________ strategy is the decision rule which is always followed by the

player to select the particular course of action.
.

Clean
Big
Formal
Pure
.
2 points   
QUESTION 11
.

A strategy can also be dominated when it is _____________ to an average of

two or more pure strategies.
.

Smaller
Inferior
Lesser
Superior
.
2 points   
QUESTION 12
.

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 13
.

___________ condition is the necessary and sufficient condition for

determining the optimal solution any transportation problem.
.

Effective
Formal
Rim
Demand
.
 2 points   
QUESTION 14
.

Each variable represents a distinct dimension of the _____________ making

task.
.

Decision
Policy Holder
Formulator
All Three
.
2 points   
QUESTION 15
.

The computer has forced the decision maker to very carefully delineate and
quantify the variables that makeup the building blocks of the _____________
task.
.

Maximum
Minimum
Slow
Decision
.
2 points   
QUESTION 16
.
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 17
.

The method to solve assignment problems wasn introduced by d.koing, a

Hungarian mathematician.
.

 True
.

 False
.
1 points   
QUESTION 18
.
 The term “game” represents a conflict between two or more individuals or
groups or organizations.
.

 True
.

 False
.
1 points   
QUESTION 19
.

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

 True
.

 False
.
1 points   
QUESTION 20
.

Data must be numerically expressed in measurable units

.

 True
.

 False
.
1 points   
QUESTION 21
.

If the maximin value is equal to minimax value, the game has a ending point.
.

 True
.

 False
.
1 points   
QUESTION 22
.

Finite Choices implies that finite numbers of choices are available to a

decision maker and decision variables do not assume negative values.
.

 True
.
  False
.
1 points   
QUESTION 23
.

Propotion means all relationships in objective functions and constraints are

linear.
.

 True
.

 False
.
1 points   
QUESTION 24
.

elementary units refer to those units which possesses the characteristics of

the population.
.

 True
.

 False
.
1 points   
QUESTION 25
.

commercial averages are the applications of averages in commercial

situations.
.

 True
.

 False
.
1 points   
QUESTION 26
.

evvp is the maximum obtainable expected monetary value based on perfect

information as to which state of nature will occur.
.

 True
.

 False
.
1 points   
QUESTION 27
.
 When each element in a row are less than or equal to the corresponding
element in another row, this row is dominated and hence can be deleted from
the payoff matrix this is called as format Dominance.
.

 True
.

 False
.
1 points   
QUESTION 28
.

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 29
.

In industry optimization means the minimization of labour and the

maximization of profits.
.

 True
.

 False
.
1 points   
QUESTION 30
.

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
.
1 points   
QUESTION 31
.

The degeneracy occurs in the transportation problem when we find ifs and
observe that if the numbers of occupied cells are less than the total number of
rows plus columns minus one).
.
  True
.

 False
.
1 points   
QUESTION 32
.

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 33
.
Continuous probability distributions are those in which the random variable can take on only specific values.
.

 True
.

 False
.
1 points   
QUESTION 34
.
If two dice are thrown simultaneously, the probability of getting two 6s is 1/36.
.

 True
.

 False
.
1 points   
QUESTION 35
.

A subjective interpretation of probabilities is often useful for business decision

making.
.

 True
.

 False
.
1 points   
QUESTION 36
.
Naive forecast uses the previous period demand as the subsequent period forecast.
.

 True
.

 False
.
1 points   
QUESTION 37
.

middle management decisions are primarily company-wide in nature.

.

 True
.

 False
.
1 points   
QUESTION 38
.

value of a game is the average payoff per play of game over an extended of
time.
.

 True
.

 False
.
1 points   
QUESTION 39
.

Data must be collected within the cost framework

.

 True
.

 False
.
1 points   
QUESTION 40
.
If two coins are tossed simultaneously, the probability of getting two heads is 0.5.
.

 True
.

 False
.
1 points   
QUESTION 41
.

Data can be treated as waste because it may be procured, stored and

supplied when needed.
.

 True
.

 False
.
1 points   
QUESTION 42
.

A matrix having only one row is called a row matrix.

.

 True
.

 False
.
1 points   
QUESTION 43
.
If matrix B is subtracted from matrix A, the resultant matrix has the same dimensions as matrix A and B.
.

 True
.

 False
.
1 points   
QUESTION 44
.

Economic and accounting models for private and public enterprises are
generally used to assist major decisions & policy formulation.
.

 True
.

 False
.
1 points   
QUESTION 45
.
Maximin is a decision making model when we deal with environment of risk.
.

 True
.

 False
.
1 points   
QUESTION 46
.
A set of 3 linear equations can solved graphically. 
.

 True
.

 False
.
1 points   
QUESTION 47
.

The stats mean is the quantity obtained by dividing the sum of the values of
items in a variable by their number (n), i.e., number of items.
.

 True
.

 False
.
1 points   
QUESTION 48
.

The objective should be defined implicitly

.

 True
.

 False
.
1 points   
QUESTION 49
.

A statement of equality containing one or more variable is known as an

_______________.
.

Equations
Policies
Frmulaes
Creatotions
.
5 points   
QUESTION 50
.
 Linear Equation may be defined as an equation where the power of the
variable(s) is _______________, and no cross or product terms are present.
.

One
Two
Three
Four
.
5 points   
QUESTION 51
.

The word ‘___________’ is used to represent a function, which can be

represented by a straight line.
.

Relations
Equations
Formulation
Linear
.
5 points   
QUESTION 52
.

Variables whose values are dependent on the values taken by another

variable are called the _______________ variables.
.

Permanent
Temporary
Dependent
Independent
.
5 points   
QUESTION 53
.

The given problem in dual is known as ________________.

.

Primal
Formal
Both
None
.
4 points   
QUESTION 54
.
________________ or interior-point methods, visit points within the interior of the feasible region.
.
Dual

Barrier
 Diagonal

Primal

.
4 points   
QUESTION 55
.

The normal distribution is completely determined by its expected value or

mean (denoted by m) and standard ________________.
.

Differenciation
Formats
Deviation
Calculation
.
4 points   
QUESTION 56
.

___________ means if a programme maximizes or minimizes some measure

or criterion of effectiveness.
.

Optimal
Linear
Operational
Scientific
.

QUESTION 1
.

The __________________ model of linear programming is a flow optimization

technique.
.

Linear
Transportation
Mathemetical
Scientific
.
2 points   
QUESTION 2
.

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
m x n
m + n + 1
.
 2 points   
QUESTION 3
.

When the player has alternative courses of action and he has to select
combination of these with some fixed probabilities are known to as
____________ strategy.
.

Pure
Mixed
Informal
None
.
2 points   
QUESTION 4
.

Each variable represents a distinct dimension of the _____________ making

task.
.

Decision
Policy Holder
Formulator
All Three
.
2 points   
QUESTION 5
.

In a pay-off matrix, the minimum value in each row represents the minimum
______________ for player A.
.

Loss
Reduction
Posotivities
Gain
.
2 points   
QUESTION 6
.

Game Theory is applicable to those competitive situations which are

technically known as “_______________ games”.
.

Competitive
Outdoor
Modelling
Indoor
.
2 points   
QUESTION 7
.
 If this _______________ condition is not satisfied, degeneracy occurs.
.

m+n-1
Co = m+n-1
m-1
Co=n-1
.
2 points   
QUESTION 8
.

The method to solve assignment problems wasn introduced by

______________, a Hungarian mathematician.
.

S.Phunsuk
D.Koing
J.Timothy
H.Hound
.
2 points   
QUESTION 9
.
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 10
.

________________ is a type of Assignment problem.

.

Zero
Formulae
Propotional
Restricted
.
2 points   
QUESTION 11
.

A _____________ problem can be tabulated in a matrix called transportation

matrix.
.

Mathemetical
Geographical
 Liner
Transportation
.
2 points   
QUESTION 12
.

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

made.
.

Formal
Industry
Promotional
Creation
.
2 points   
QUESTION 13
.
_____________ of a game is the average payoff per play of game over an extended of time.
.
Player

Calculations

Value

Potencial

.
2 points   
QUESTION 14
.

Every decision making task results in an ___________ which is the evidence

of the decision taken.
.

Input
Early Manner
Output
Permanent
.
2 points   
QUESTION 15
.
If a matrix of dimension 3X4 is multiplied with a matrix of dimension 4X5, the resultant matrix will have the
dimension______________.
.
3X5

4X4

3X4

4X5

.
4 points   
QUESTION 16
.

In ___________ decision the decision maker knows the likelihood of the

occurrence of each of state of nature.The probability of occurrence of each
state is known.
.

Problametic
Deterministic
Formulative
Stochastic
.
4 points   
QUESTION 17
.

______________ decisions are concerned with external environment of the

organization.
.

Formal
Informal
Permanent
Strategic
.
4 points   
QUESTION 18
.
If two coins are tossed simultaneously, the probability of getting 0 heads is equal to 
.
1/4

1/2

3/4

1/3

.
4 points   
QUESTION 19
.

_______________ Decisions are primarily concerned with day to day

operations of the organization.
.

Operational
Strategic
Informal
Operating
.
4 points   
QUESTION 20
.

The method of testing the consistency of a system is also provided by the

matrix algebra
.
  True
.

 False
.
1 points   
QUESTION 21
.
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 22
.
If two rows of a determinant are interchanged, its value remains the same.
.

 True
.

 False
.
1 points   
QUESTION 23
.

Errors also arises due to the faulty planning resulting in improper definition of
the problem statement.
.

 True
.

 False
.
1 points   
QUESTION 24
.

Markov Process is a sequence of experiments in which each experiment has

certain possible outcomes
.

 True
.

 False
.
1 points   
QUESTION 25
.
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 26
.

For slow decision-making purposes, the subjective interpretation is frequently

required.
.

 True
.

 False
.
1 points   
QUESTION 27
.

It is clear that in forecasting there are always two types of variables.

.

 True
.

 False
.
1 points   
QUESTION 28
.

payoff is the effectiveness of particular combination of a course of action and

state of nature.
.

 True
.

 False
.
1 points   
QUESTION 29
.

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
.
1 points   
QUESTION 30
.

A zero element in the transition matrix indicates that the transition is possible
.

 True
.

 False
.
1 points   
QUESTION 31
.

bayes Theorem has many important applications in evaluating the worth of

additional information in decision problems.
.

 True
.

 False
.
1 points   
QUESTION 32
.

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 33
.

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

 True
.

 False
.
1 points   
QUESTION 34
.
 In a matrix of transition probability,the probability values should add up to one
in each-: all three
.

 True
.

 False
.
1 points   
QUESTION 35
.

The value of a random variable is unknown until the event occurs

.

 True
.

 False
.
1 points   
QUESTION 36
.

The selection of strategy by player B is based on minimax principle.

.

 True
.

 False
.
1 points   
QUESTION 37
.
Row operations can deal with a set of equations with three variables.
.

 True
.

 False
.
1 points   
QUESTION 38
.
Assignment problem is a special type of transportation problem.
.

 True
.

 False
.
 1 points   
QUESTION 39
.
A pie chart represents data in the form of vertical bars.
.

 True
.

 False
.
1 points   
QUESTION 40
.

This decision-making is referred to as the minimax-maximin principle to obtain

the best possible selection of a strategy for the player
.

 True
.

 False
.
1 points   
QUESTION 41
.

The stats mean is the quantity obtained by dividing the sum of the values of
items in a variable by their number (n), i.e., number of items.
.

 True
.

 False
.
1 points   
QUESTION 42
.
Game theory can involve only 2 players.
.

 True
.

 False
.
1 points   
QUESTION 43
.
A matrix consisting of m rows and n columns, where m = n, is called a singular matrix.
.

 True
.
  False
.
1 points   
QUESTION 44
.

For every given linear programming problem, there exists an intimately related
L.P. Problem referred to as its dual
.

 True
.

 False
.
1 points   
QUESTION 45
.

value of a game is the average payoff per play of game over an extended of
time.
.

 True
.

 False
.
1 points   
QUESTION 46
.
Expectation principle is used to choose the alternative that maximizes the expected profit or minimizes the expected cost.
.

 True
.

 False
.
1 points   
QUESTION 47
.
In risk situation the information is completely known and the outcome of a specified decision can be predetermined with
certainty.
.

 True
.

 False
.
1 points   
QUESTION 48
.
 The break even point is when profit = 1 that is your revenue is equal to your
costs.
.

 True
.

 False
.
1 points   
QUESTION 49
.

Moving Average is useful in eliminating the irregularity of time series and is

generally computed to study the analysis
.

 True
.

 False
.
1 points   
QUESTION 50
.

If all the equations of the model are linear then matrix algebra provides an
efficient method of their solution than the traditional method of elimination of
variables.
.

 True
.

 False
.
1 points   
QUESTION 51
.

EPPI stands for- Expected Profit with perfect Information.

.

 True
.

 False
.
1 points   
QUESTION 52
.

An alternative definition of probability is based on counting numbers of equally

likely events.
.

 True
.

 False
.
1 points   
QUESTION 53
.
Naive forecast uses the previous period demand as the subsequent period forecast.
.

 True
.

 False
.
1 points   
QUESTION 54
.

Matrix algebra also has the advantage of presenting a system of several

equations in a free form.
.

 True
.

 False
.
1 points   
QUESTION 55
.
The larger the sample, the more accurate are its indications for the population.
.

 True
.

 False
.
1 points   
QUESTION 56
.
A set of two linear equations can be solved graphically.
.

 True
.

 False
.
1 points   
QUESTION 57
.

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

 True
.

 False
.
1 points   
QUESTION 58
.

A Linear Programming problem is a special case of a scientific Programming

problem.
.

 True
.

 False
.
1 points   
QUESTION 59
.

snowball sampling is a variation of simple random sampling.

.

 True
.

 False
.
1 points   
QUESTION 60
.

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

Model
Forms
Format
Chain
.
3 points   
QUESTION 61
.
This is a measure of forecasting error.
.
moving average

bias

simple average

tracking signal

.
 3 points   
QUESTION 62
.

Row operations can deal with a set of equations that are not all ___________.
.

Dependent
Single
Different
Independent
.
3 points   
QUESTION 63
.

An alternative definition of _________________ is based on counting

numbers of equally likely events.
.

Probability
Methemetics
Algebra