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 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 Attempts This Test allows 3
attempts. This is
attempt number 1.
Force Completion This Test can be
saved and resumed
later.
Your answers are
saved automatically.
 Question Completion Status:
QUESTION 1
1. Each outcome determines the gain or __________ of each player.
Loss
 Achievements
Choices
Strategies
2 points   
QUESTION 2
1. 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 3
1. Every decision making task results in an ___________ which is the evidence of the
decision taken.
Input
Early Manner
Output
Permanent
2 points   
QUESTION 4
1. The method to solve assignment problems wasn introduced by ______________, a
Hungarian mathematician.
S.Phunsuk
D.Koing
J.Timothy
H.Hound
2 points   
QUESTION 5
1. In industry optimization means the minimization of ____________ and the
maximization of profits.
Cost
Labour
Land
Time
2 points   
QUESTION 6
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 7
1. A _____________ problem can be tabulated in a matrix called transportation matrix.
Mathematical
Geographical
Linear
Transportation
2 points   
QUESTION 8
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 9
1. ___________ condition is the necessary and sufficient condition for determining the
optimal solution any transportation problem.
Effective
Formal
Rim
Demand
2 points   
QUESTION 10
1. Economic and ______________ models for private and public enterprises are
generally used to assist major decisions & policy formulation.
Econometrics
Mathemetics
Accounting
Stats
2 points   
QUESTION 11
1. _____________ of a game is the average payoff per play of game over an extended of time.
Player
Calculations
Value
Potencial

2 points   
QUESTION 12
 1. 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 13
1. Satisfying refers to the attainment of certain minimum ______________.
Work
Time
Labours
Objectives
2 points   
QUESTION 14
1. ____________ refers to both policy execution as well as policy development.
Motivating
Responsibility
Planning
Directing
2 points   
QUESTION 15
1. Probabilities of all the various possible outcomes of a trial must sum to one

 True

 False

1 points   
QUESTION 16
1. If two coins are tossed simultaneously, the probability of getting two heads is 0.5.

 True

 False

1 points   
QUESTION 17
1. The quantity demanded depends upon the price and, therefore, for a given price, we
can determine the quantity Supplied

 True

 False

1 points   
QUESTION 18
 1. A matrix having only two column is called a column matrix.

 True

 False

1 points   
QUESTION 19
1. A dummy destination is added to the table, if no. of destinations is less than no. of sources.

 True

 False

1 points   
QUESTION 20
1. Exponential smoothing method of forecasting considers all past demands and forecasts.

 True

 False

1 points   
QUESTION 21
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

 False

1 points   
QUESTION 22
1. EPPI stands for- Expected Profit with perfect Information.

 True

 False

1 points   
QUESTION 23
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 24
1. The Delphi method consists of a panel of experts and a series of rounds during which
forecasts are made via questionnaire.

 True
  False

1 points   
QUESTION 25
1. Population can also be divided into real and unreal

 True

 False

1 points   
QUESTION 26
1. The set of values of the variable is known as the domain of the variable.

 True

 False

1 points   
QUESTION 27
1. Tracking signal is a measure of forecasting error.

 True

 False

1 points   
QUESTION 28
1. Regression analysis is based on the assumption that the y variable is normally
distributed.

 True

 False

1 points   
QUESTION 29
1. Variables whose values are dependent on the values taken by another variable are
called the dependent variables.

 True

 False

1 points   
QUESTION 30
1. The computer has forced the decision maker to very carefully delineate and quantify
the variables that makeup the building blocks of the Decision task.

 True

 False

1 points   
QUESTION 31
 1. Mode and Median are the measures of variation in data.

 True

 False

1 points   
QUESTION 32
1. pure strategy is the decision rule which is always followed by the player to select the
particular course of action.

 True

 False

1 points   
QUESTION 33
1. Convenience sampling is a probability sampling method.

 True

 False

1 points   
QUESTION 34
1. Transportation problem is a special type of linear programming. 

 True

 False

1 points   
QUESTION 35
1. A probability function assigns probabilities to each element of a set of events that may occur.

 True

 False

1 points   
QUESTION 36
1. Systematic sampling is a variation of simple random sampling

 True

 False

1 points   
QUESTION 37
1. In personal interviews, the information is likely to be more accurate and reliable. 

 True

 False

1 points   
QUESTION 38
1. In the guesstimate conceptual model the forecast is based on public opinion.

 True

 False

1 points   
QUESTION 39
1. 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 40
1. Game Theory is the science conflict.

 True

 False

1 points   
QUESTION 41
1. Data can be treated as waste because it may be procured, stored and supplied when
needed.

 True

 False

1 points   
QUESTION 42
1. The data collected could be in terms of qualitative variables or in terms of quantitative
variables.

 True

 False

1 points   
QUESTION 43
1. When the player has alternative courses of action and he has to select combination of
these with some fixed probabilities are known to as none strategy.

 True

 False

1 points   
QUESTION 44
1. A program is a set of instructions arranged in a logical sequence
  True

 False

1 points   
QUESTION 45
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 46
1. Economic and accounting models for private and public enterprises are generally used
to assist major decisions & policy formulation.

 True

 False

1 points   
QUESTION 47
1. A Linear Programming problem is a special case of a scientific Programming
problem.

 True

 False

1 points   
QUESTION 48
1. Strategic decisions are concerned with external environment of the organization.

 True

 False

1 points   
QUESTION 49
1. The term “game” represents a conflict between two or more individuals or groups or
organizations.

 True

 False

1 points   
QUESTION 50
1. Continuous probability distributions are those in which the random variable can take on only specific
values.

 True

 False
 1 points   
QUESTION 51
1. The word ‘linear’ is used to represent a function, which can be represented by a
straight line.

 True

 False

1 points   
QUESTION 52
1. The minor of a order 4 determinant, is a determinant of order 3.

 True

 False

1 points   
QUESTION 53
1. If the maximin value is equal to minimax value, the game has a ending point.

 True

 False

1 points   
QUESTION 54
1. For every given linear programming problem, there exists an intimately related L.P.
Problem referred to as its dual

 True

 False

1 points   
QUESTION 55
1. ________________ is the maximum obtainable expected monetary value based on
perfect information as to which state of nature will occur.
EPPI
EVPI
EPEI
EVV
P
4 points   
QUESTION 56
1. If two coins are tossed simultaneously, the probability of getting 0 heads is equal to 
¼
½
¾
1/3
 4 points   
QUESTION 57
1. Non-______________ equation has the decision variables have the values zero or positive, not
negative.
Positive
Formulative
Directional
Negative

4 points   
QUESTION 58
1. EPPI stands for- Expected Profit with _____________ Information.
Permanent
Perfect
Precise
Preferable
4 points   
QUESTION 59
1. ___________ means if a programme maximizes or minimizes some measure or
criterion of effectiveness.
Optimal
Linear
Operational
Scientific
4 points   
QUESTION 60
1. North-west corner rule method is used to find ______________ solution of a transportation problem.
optimal 
initial feasible
both optimal and initial feasible
none of these

3 points   
QUESTION 61
1. Multiplication of a matrix by a constant is called _______________ multiplication of matrix.
Vertical
Scalar
Horizontal
Linear

3 points   
QUESTION 62
1. The forecast for last 6 periods is 100,120,80,90,110 and 70 respectively. The forecast for 7th period on
the basis of 5 period moving average will be 
 94
92
85
96

3 points   
QUESTION 63
1. This is a source of secondary data
Telephonic interview
Survey
Questionnaire 
Published report

3 points