While using Hurwicz criterion, the coefficient of realism
1.Represents the degree of optimism
2.Represents the degree of pessimism
3.Is the probability of state of nature
4.None of the above
A constraint in an LP model restricts
1.Value of objective function
2.Value of decision variable
3.Use of available resource
4.All of the above
A hierarchy of superiors ranging from the ultimate authority to the lowest ranks is called as ______
1.hierarchical order.
2.social order.
3.scalar chain.
4.direction.
A linear programming model does not contain which of the following components?
1.Data
2.Decisions
3.Constraints
4.A spread sheet
According to Fayol, business activities can be broadly classified into ______________ categories.
1.4.
2.5.
3.6.
4.7.
According to time, plan can be divided into ______________ types.
1.3.
2.4
3.2.
4.5.
Activities that cannot be started until one or more of the other activities are completed, but immediately succeed them are called ______ activities
1.Predecessor
2.Successor
3.Dummy
4.End
All negative constraints must be written as
1.Equality
2.Non equality
3.Greater than or equal to
4.Less than or equal to
An organization chart is an example of
1.Iconic
2.Mathematical
3.Analogue
4.None of the above
Combining several techniques which can be applied to all kinds of efficiency problems, including labour productivity problems is called as ______
1.work study.
2.scientific task planning.
3.fatigue study.
4.time study.
Constraints in LP problem are called active if they
1.Represent optimal solution
2.At optimality do not consume all the available resources
3.Both of (a) and (b)
4.None of the above
Decision theory is concerned with
1.Methods of arriving at an optimal decision
2.Selecting optimal decision in sequential manner
3.Analysis of information that is available
4.All of the above
Every mathematical model
1.Must be deterministic
2.Requires computer aid for solution.
3.Represents data in numerical form
4.All of the above
Father of Scientific Management is _________
1.Henry Fayol.
2.Koontz o Donnel.
3.Fredrick Winslow Taylor.
4.Luther Gullik.
Full form of PERT is
1.Performance evaluation review technique
2.Programme Evaluation Review technique
3.Programme Evaluation Research Technique
4.None of these.
Game theory models are classified by the
1.Number of players
2.Sum of all payoff
3.Number of strategies
4.All of the above
If two constraints do not intersect in the positive quadrant of the graph, then
1.The problem is infeasible
2.The solution is unbounded
3.One of the constraints is redundant
4.None of the above
In a decision theory problem under complete uncertainty, which one of the following approaches will not be possible?
1.Expected monetary value
2.Maxmin
3.Minimax
4.Hurwicz
Interpersonal role means _______
1.working with and through people.
2.working on self.
3.working for people.
4.understanding the people.
Linear programming is a
1.Constraint optimization technique
2.Technique for economic allocation of limited resources.
3.Mathematical technique
4.All of the above
Management involves the co-ordination of human & material resources towards the accomplishment of _______
1.individual objectives.
2.organizational objectives.
3.group objectives.
4.individual & group objectives.
Management involves the co-ordination of human & material resources towards the accomplishment of _______
1.individual objectives.
2.organizational objectives.
3.group objectives.
4.individual & group objectives.
Management involves the co-ordination of human & material resources towards the accomplishment of _______
1.individual objectives.
2.organizational objectives.
3.group objectives.
4.individual & group objectives.
Operations research is applied
1.Military
2.Business
3.Administration'
4.All of the above
OR provides solution only if the elements are
1.Quantified
2.Qualified
3.Feasible
4.optimal
OR techniques helps to find ______________ solution
1.Feasible
2.Non feasible
3.Optimal
4.Non optimal
PERT emphasis on ______
1.Time
2.Activity
3.a) and b)
4.None of the above
Planning does not come to an end with the establishment of a business concern because it is'______
1.common to all.
2.flexible.
3.a continuous process.
4.a linchpin for all activities.
Planning is done for _____
1.A specific period.
2.Various department.
3.An organization.
4.The employees.
Straight lines shown in a linear programming graph indicates
1.Objective function
2.Constraints
3.Points
4.All the above.
Supervisory staff management constitutes the ______________ of the management ladder.
1.highest rank.
2.middle rank.
3.lowest rank.
4.administration rank.
The equally likely decision criteria is also known as
1.Bayes
2.Laplace
3.Minimax
4.Hurwicz
The event is commonly represented by ________ in network diagram
1.Nodes
2.Arrow
3.Triangle
4.None of these
The expected value of perfect information is equal to
1.EPPI – Minimum EMV
2.EPPI + Maximum EMV
3.Maximum EOL
4.None of the above.
The graphical method of LP problem uses
1.Objective function equation
2.Constraint equation
3.Linear equations
4.All the above.
The maximax criteria is ________
1.Optimistic
2.Neutral
3.Pessimistic
4.Can be any one of the above
The organization should have an effective network to __________ all the information that is relevant to planning of the goals at every level.
1.communicate.
2.control.
3.co-ordinate.
4.develop.
The value of the coefficient of optimism is needed while using the criterion of
1.Equally likely
2.Maximin
3.Realism
4.Maximin
Under scientific management, planning had been separated from ___
1.direction.
2.execution.
3.organizing.
4.determination.
Which of the following is (are) types of decision-making environments?
1.Decision making under uncertainty
2.Decision making under certainty
3.Decision making under risk
4.None of the above
Which of the following might be viewed as an optimistic decision criterion?
1.Hurwicz criterion
2.Maximin
3.Maximax
4.Minimax
While plotting constraints on a graph paper, terminal points on both axes are connected by a straight line because
1.The resources are limited in supply
2.The objective function is a linear function
3.The constraints are linear equations or in equalities
4.All of the above
While solving an LP problem, infeasibility may be removed by
1.Adding another constraint
2.Adding another variable
3.Removing a constraint
4.removing a variable
Working out a pattern of relationships between the various factors of production is called as ______
1.planning.
2.organization.
3.co-ordination.
4.control.
______ is the earliest starting time plus activity time.
1.EST
2.EFT
3.LST
4.LFT
_______ is the latest time by which an activity can be finished without delaying the completion of the project.
1.EST
2.EFT
3.LST
4.LFT
_______ models in which the input and output variables follow a probability distribution.
1.Iconic
2.mathematical
3.analogue
4.Deterministic model
________ is an activity oriented diagram.
1.CPM
2.PERT
3.Histogram
4.None of the above
_________ model involves all forms of diagrams
1.iconic
2.mathematical
3.analogue
4.schematic
__________ is a place where production plans are executed but the people working therein have nothing to do with the framing of the plans.
1.Factory
2.Store
3.Office
4.Departments