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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 candidate does not want to attempt the question he I she

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

•

should not mouse-click any option.

• The students are allowed to save the responses and come back

Save All Answe

be accessible and will be marked as zero. In such cases, the student

• 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

can re-attempt the assignment allocated after enrolling in the

Question Completion Status:

subsequent Semester.

QUESTION 1

4 points

SavedSaved

is

the effectiveness of particular combination of a

course of action and state of nature.

Payoff

Payload

Payfactor

None

QUESTION 2

4 points

SavedSaved

Decisions are primarily concerned with day to day operations of the organization.

calculative

Mechanical

Operating

Official

QUESTION 3

4 points

SavedSaved

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

SavedSaved

Question Completion Status:

The given problem in dual is known as

Primal

Formal

Both

None

QUESTION 5

Number of

can

4 points

SavedSaved

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

SavedSaved

A Linear Programming problem is a special case of a scientific

Programming problem.

True

False

QUESTION 7

1 points

SavedSaved

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

SavedSaved

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

and reliable.

True

False

QUESTION 9

1 points

SavedSaved

The mixed interviews are about complex and non-quantifiable

subject matter.

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True

False

Save All Answe

1 points

SavedSaved

Question Completion Status:

If matrix B is subtracted from matrix A, the resultant matrix has the same dimensions as matrix A and B.

True

False

QUESTION 11

1 points

SavedSaved

A statement of equality containing one or more variable is known

as an policies

True

False

QUESTION 12

1 points

SavedSaved

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

True

False

QUESTION 13

1 points

SavedSaved

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

SavedSaved

An average can be defined as a central value around which other values of series tend to cluster

True

False

QUESTION 15

1 points

SavedSaved

Operating Decisions are primarily concerned with day to day operations of the organization.

True

False

QUESTION 16

1

points

SavedSaved

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

The confidence level or reliability of the sample is found from the

sampling both

Save All Answe

True

F

l

Question Completion Status:

QUESTION 17

1 points

SavedSaved

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

True

False

QUESTION 18

1 points

SavedSaved

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

True

False

QUESTION 19

1 points

SavedSaved

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

True

False

QUESTION 20

1 points

SavedSaved

A numeric value that indicate the ratio of standard deviation to

mean is called coefficient of variation.

True

False

QUESTION 21

1 points

SavedSaved

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

True

False

QUESTION 22

1 points

SavedSaved

Theory of equations is frequently used in solving the problems of

business

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True

False

Save All Answe

1 points

SavedSaved

Question Completion Status:

The control system function is to optimize the transformation of inputs into the desired Form.

True

False

QUESTION 24

1 points

SavedSaved

commercial averages are the applications of averages in commercial situations.

True

False

QUESTION 25

1 points

SavedSaved

The variables can be classified as primary and secondary.

True

False

QUESTION 26

1 points

SavedSaved

evvp is the maximum obtainable expected monetary value based on perfect information as to which state of nature will occur.

True

False

QUESTION 27

The objective should be defined implicitly

True

False

1 points

SavedSaved

QUESTION 28

1 points

SavedSaved

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

True

False

QUESTION 29

1 points

SavedSaved

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

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

made.

True

Save All Answe

False

Question Completion Status:

QUESTION 30

1 points

SavedSaved

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

True

False

QUESTION 31

1 points

SavedSaved

A |
zero element in the transition matrix indicates that the transition |

is |
possible |

True

False

QUESTION 32

1 points

SavedSaved

Data must be numerically expressed in measurable units

True

False

QUESTION 33

1 points

SavedSaved

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

True

False

QUESTION 34

1 points

SavedSaved

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

True

False

QUESTION 35

1 points

SavedSaved

Central tendency refers to the middle point of a statistical distribution and is also known as an average

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

True

False

Save All Answe

1 points

SavedSaved

Question Completion Status:

Broadly there are three types of decisions including Strategic decisions, formal Decisions and Operating Decisions.

True

False

QUESTION 37

1 points

SavedSaved

faults may occur at any stage of enquiry, i.e., planning, collection, processing and analysis of data.

True

False

QUESTION 38

1 points

SavedSaved

If Maximum value in row is equal to the minimum value in column, then saddle point exist

True

False

QUESTION 39

1 points

SavedSaved

random variables take on only whole number values

True

False

QUESTION 40

1 points

SavedSaved

A discrete probability distribution is sometimes called a probability mass function.

True

False

QUESTION 41

1 points

SavedSaved

The difference between revenue and total production costs can be described as net profit.

True

False

1

points

SavedSaved

QUESTION 42

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For slow decision-making purposes, the subjective interpretation is

frequently required.

True

False

Save All Answe

Question Completion Status:

QUESTION 43

1 points

SavedSaved

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

SavedSaved

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

True

False

QUESTION 45

1 points

SavedSaved

Every decision making task results in an output which is the evidence of the decision taken.

True

False

QUESTION 46

3 points

SavedSaved

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

SavedSaved

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 of α doesn't depend upon demand

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Save All Answe

QUESTION 48

3 points

Question Completion Status:

The |
models play a very important role in |

forecasting. |

Geographical

Mathematical

statistics

None

QUESTION 49

3 points

SavedSaved

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

SavedSaved

Satisfying refers to the attainment of certain minimum

Work

Time

Labours

Objectives

QUESTION 51

2 points

SavedSaved

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

SavedSaved

is a type of Assignment problem.

Zero

Formulae

Propotional

Restricted

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QUESTION 53

2 points

Save All Answe

Question Completion Status:

condition is the necessary and sufficient condition for determining the optimal solution any transportation problem.

Effective

Formal

Rim

Demand

QUESTION 54

In industry optimization means the minimization of and the maximization of profits.

Cost

Labour

Land

Time

2 points

SavedSaved

QUESTION 55

The variables can be classified in terms of

continuous and discrete

raw and processed

primary and secondary

all of these

2 points

SavedSaved

QUESTION 56

2 points

SavedSaved

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

SavedSaved

There are

have to be made.

-wide

and market-wide decisions that

Formal

Industry

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Promotional

Creation

Save All Answe

QUESTION 58

2 points

SavedSaved

Question Completion Status:

A

transportation matrix.

problem can be tabulated in a matrix called

Mathemetical

Geographical

Liner

Transportation

QUESTION 59

2 points

SavedSaved

Each variable represents a distinct dimension of the making task.

Decision

Policy Holder

Formulator

All Three

QUESTION 60

2 points

SavedSaved

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

SavedSaved

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

SavedSaved

The

variety of reasons, other satisfying options may be selected and acted upon.

model identifies the optimal way, but for a

Basic

Forecasting

Programming

Mathematical

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QUESTION 63

2 points

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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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Save All Answe

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