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
2
3
4
5
Mark - Direct, Memory based
Marks - Memory & Conceptual
Marks - Conceptual & Analytical
Marks - Analytical based on understanding of concepts
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 reattempt 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 reevaluation/re-totalling is allowed to the student.
Multiple Attempts
Force Completion
This Test allows
3 attempts.
This is attempt
number 1.
This Test can
be saved and
resumed later.
Question Completion Status:
QUESTION 1
1.
Multiplication of a matrix by a constant is called _______________ multiplication of
matrix.
Vertical
Scalar
Horizont
al
Linear
3 points
1.
QUESTION 2
If there are two matrices A and B, which of the following is true
AXB = BXA
A+B ≠ B+A
AXB ≠ BXA
A-B = B-A
Note- Answer should be- A+B=B+A but no such option is provided in question.
3 points
1.
QUESTION 3
The elements of the data must be related to _______________.
Organizati
on
Works
One
another
Facts
3 points
QUESTION 4
1.
An alternative definition of _________________ is based on counting
numbers of equally likely events.
Probability
Mathematics
Algebra
Statistics
3 points
QUESTION 5
1.
In normal distribution 99.73% observations fall in the range +3 sigma to -3 sigma.
True
False
1 points
1.
QUESTION 6
Transportation problem is a type of Assignment problem.
True
False
1 points
QUESTION 7
1.
There are two methodologies to anticipate future. They are called qualitative and
quantitative.
True
False
1 points
1.
QUESTION 8
In a pay-off matrix, the minimum value in each row represents the
minimum loss for player A.
True
False
1 points
1.
QUESTION 9
A sampling design is a definite plan for obtaining a sample from the
sampling frame
True
False
1 points
1.
QUESTION 10
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 11
1.
The data is represented in a circle in a pie chart.
True
False
1 points
QUESTION 12
1.
bayes Theorem has many important applications in evaluating the
worth of additional information in decision problems.
True
False
1 points
QUESTION 13
1.
The control system function is to optimize the transformation of inputs
into the desired Form.
True
False
1 points
QUESTION 14
1.
If a matrix of transition probability is of the order nxn, then the number
of equilibrium equations would be-: n
True
False
1 points
QUESTION 15
1.
The qualitative school has generated many philosophical, religious or
political conceptual models according to which the ideology and dogma is
structured and forecasts prepared.
True
False
1 points
QUESTION 16
1.
For the trend equation y=a+bx, the value of b will be negative if the trend is
increasing.
True
False
1 points
1.
QUESTION 17
An individual/group responsible for making a choice of appropriate
course of action is known as Decision maker
True
False
1 points
1.
QUESTION 18
Game Theory is the science conflict.
True
False
1 points
1.
QUESTION 19
long-term data collection studies that can yield appreciable dividends
quickly should be preferred to long term studies whose benefits may be
difficult to foresee.
True
False
1 points
1.
QUESTION 20
The Markov process can be only in one state at a given time.
True
False
1 points
QUESTION 21
1.
A dummy destination is added to the table, if no. of destinations is less than no. of
sources.
True
False
1 points
1.
QUESTION 22
In the guesstimate conceptual model the forecast is based on expert
opinion.
True
False
1 points
1.
QUESTION 23
If two dice are thrown simultaneously, the probability of getting two 6s is 1/36.
True
False
1 points
QUESTION 24
1.
The idea of probability is normally associated and remembered in
connection with games or gamings
True
False
1 points
QUESTION 25
1.
Positional averages do not use stas calculations but give you an
indication about the positional characteristics of certain items.
True
False
1 points
QUESTION 26
1.
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
1 points
QUESTION 27
1.
The selection of strategy by player B is based on minimax principle.
True
False
1 points
QUESTION 28
1.
Linear Programming was introduced by george Dantzig in 1947.
True
False
1 points
QUESTION 29
1.
If the economic model is extended to include several commodities, it
will have several equations in several forms
True
False
1 points
QUESTION 30
1.
Secondary data is also known as published data.
True
False
1 points
QUESTION 31
1.
The main advantage of mode is that the value of mode is not affected
by the extreme values of the series
True
False
1 points
QUESTION 32
1.
Propotion means all relationships in objective functions and constraints
are linear.
True
False
1 points
1.
QUESTION 33
Incorrect use of forecasting technique is a source of forecasting error.
True
False
1 points
1.
QUESTION 34
Errors due to calculations or improper convention of observation are
called more sampling errors.
True
False
1 points
QUESTION 35
1.
A discrete probability distribution is sometimes called a probability
mass function.
True
False
1 points
QUESTION 36
1.
Exponential smoothing method of forecasting considers all past demands and
forecasts.
True
False
1 points
QUESTION 37
1.
Data can be treated as waste because it may be procured, stored and
supplied when needed.
True
False
1 points
QUESTION 38
1.
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 39
1.
The reasoning takes place in the decision making rectangle which is
sometimes referred to as, quite appropriately, the Pink box.
True
False
1 points
QUESTION 40
1.
Expectation principle is used to choose the alternative that maximizes the expected
profit or minimizes the expected cost.
True
False
1 points
QUESTION 41
1.
Continuous probability distributions are those in which the random variable can take
on only specific values.
True
False
Note- The probability distribution of a discrete random variable is a list of probabilities associated with each of
its possible values.
1 points
QUESTION 42
1.
The confidence level or reliability of the sample is found from the
sampling both
True
False
1 points
QUESTION 43
1.
The Delphi method consists of a panel of experts and a series of
rounds during which forecasts are made via questionnaire.
True
False
Note- The Delphi technique, also known as the Delphi method or Delphi forecasting, is a forecasting or
estimating method based on a discussion by a group of experts. The technique consists of
several rounds of individual and anonymous questions to each expert, followed by a group discussion
after every round.( reference- wiki)
1 points
QUESTION 44
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 45
1.
_____________ loss It is incurred due to failure of not adopting most
favourable course of action or strategy.
Operating
Operationa
l
Oppurtunit
y
Production
4 points
1.
QUESTION 46
A program is a set of instructions arranged in a logical _____________.
Pattern
Format
sequen
ce
None
4 points
QUESTION 47
1.
Linear programming problems with two variables can be represented and solved
_________________.
Diagonally
Graphically
Mathemetically
Both Graphically and
Mathematically
4 points
1.
QUESTION 48
If two variables are directly proportional, the relation between them is
Logrithmic
Linear
Quadratic
None of
these
4 points
1.
QUESTION 49
In the Situation of _______________ the probabilities associated with the
states of nature are unknown.
Uncertain
ity
Certainity
Both
None
4 points
1.
QUESTION 50
To convert the unbalanced transportation problem into a balanced
problem, add a _____________ destination.
Extra
Dummy
Single
Double
2 points
QUESTION 51
1.
In a pay-off matrix, the minimum value in each row represents the
minimum ______________ for player A.
Loss
Reductio
n
Posotiviti
es
Gain
2 points
1.
QUESTION 52
The __________________ model of linear programming is a flow
optimization technique.
Linear
Transportat
ion
Mathemeti
cal
Scientific
2 points
1.
QUESTION 53
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 54
1.
The computer has forced the decision maker to very carefully delineate
and quantify the variables that makeup the building blocks of the _____________
task.
Maximu
m
Minimu
m
Slow
Decisio
n
2 points
1.
QUESTION 55
The method to solve assignment problems wasn introduced by
______________, a Hungarian mathematician.
S.Phuns
uk
D.Koing
J.Timoth
y
H.Houn
d
2 points
QUESTION 56
1.
Each outcome determines the gain or __________ of each player.
Loss
Achievme
nts
Choices
Strategies
2 points
1.
QUESTION 57
The term “_____________” represents a conflict between two or more
individuals or groups or organizations.
Theory
Game
Process
ors
Behavio
ur
2 points
1.
QUESTION 58
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
distance
d
Unoccupi
ed
None
2 points
QUESTION 59
1.
Economic and ______________ models for private and public enterprises
are generally used to assist major decisions & policy formulation.
Econometr
ics
Mathemeti
cs
Accountin
g
Stats
2 points
1.
QUESTION 60
In industry optimization means the minimization of ____________ and
the maximization of profits.
Cost
Labo
ur
Land
Time
2 points
QUESTION 61
1.
Buying a house, manufacturing a product, spending money on a show
are examples of _______________.
Labour
Land
Variabl
es
Capital
2 points
1.
QUESTION 62
The selection of strategy by player B is based on __________ principle.
Maximu
m
Minima
x
Minimu
m
None
2 points
QUESTION 63
1.
Satisfying refers to the attainment of certain minimum ______________.
Work
Time
Labours
Objectiv
es