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Latest UPES Online MCQ QTM Question Answer for 2022
Q1: Theory of equations is frequently used in solving the problems of ____________.
a) Companies
b) People
c) Business
d) None
Q2: Function form only tells us that there is a ____________ between the variables.
a) Equations
b) Relationships
c) Policies
d) Formulations
Q3: A statement of equality containing one or more variable is known as an _______________.
a) Equations
b) Policies
c) Frmulaes
d) Creatotions
Q4: _____________ nature is assumed that all the coefficients and resources are known with certainty and it is not affected by time and uncertainty.
a) Discriptive
b) Deterministic
c) Different
d) Directional
Q5: The aim of the game is to determine how the players must select their respective strategies such that the pay-off is _____________.
a) Reduced
b) Maximized
c) Minimized
d) Optimized
Q6: The __________________ model of linear programming is a flow optimization technique.
a) Linear
b) Transportation
c) Mathemetical
d) Scientific
Q7: Buying a house, manufacturing a product, spending money on a show are examples of _______________.
a) Labour
b) Land
c) Variables
d) Capital
Q8: 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).
a) FCS
b) IFS
c) FSC
d) FFC
Q9: A decision always involves choice among several _______________.
a) Alternatives
b) Problems
c) Decisions
d) None
Q10: ___________ strategy is the decision rule which is always followed by the player to select the particular course of action.
a) Clean
b) Big
c) Formal
d) Pure
Q11: If Maximum value in row is equal to the minimum value in column, then saddle point _______________.
a) Exist
b) Does not exist
c) Lost
d) calculated
Q12: 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.
a) Pure
b) Mixed
c) Informal
d) None
Q13: The outcome of the play depends on every combination of courses of __________.
a) Choices
b) Policies
c) Actions
d) Lists
Q14: _____________ management decisions are primarily company-wide in nature.
a) High
b) Middle
c) Lower
d) None
Q15: To convert the unbalanced transportation problem into a balanced problem, add a _____________ destination.
a) Extra
b) Dummy
c) Single
d) Double
Q16: VAM stands for Vogels Approximation ___________________.
a) Machine
b) Maximization
c) Minimization
d) Method
Q17: ___________ condition is the necessary and sufficient condition for determining the optimal solution any transportation problem.
a) Effective
b) Formal
c) Rim
d) Demand
Q18: ________________ is a type of Assignment problem.
a) Zero
b) Formulae
c) Propotional
d) Restricted
Q19: In a payoff matrix ____________ point is one which is the smallest value in its row and the largest value in the column.
a) Saddle
b) Valuable
c) Average
d) None
Q20: A variable, the building block of the decision task, may be seen as a small piece of a complex _________________.
a) Building
b) Behaviour
c) Emotions
d) Mutimodels
Q21: A statement of equality containing one or more variable is known as an _______________.
a) Equations
b) Policies
c) Frmulaes
d) Creatotions
Q22: Variables whose values are dependent on the values taken by another variable are called the _______________ variables.
a) Permanent
b) Temporary
c) Dependent
d) Independent
Q23: Theory of equations is frequently used in solving the problems of ____________.
a) Companies
b) People
c) Business
d) None
Q24: A linear function is never an ideal model of production __________________.
a) Cost
b) Income
c) Loss
d) All Three
Q25: 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.
a) True
b) False
Q26: Function form only tells us that there is a policies between the variables.
a) True
b) False
Q27: The solution to a transportation problemwith m-rows and n-coloumns (destination) is feasible if number of positive allocations are-: m+n
a) True
b) False
Q28: Two or more equations are said to be equivalent if they have the wrong solution.
a) True
b) False
Q29: 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.
a) True
b) False
Q30: positive equations represent the linear relationship of constraints in a given situation.
a) True
b) False
Q31: A numeric value that indicate singularity or non-singularity of a square matrix is called none
a) True
b) False
Q32: For a monopolist, the demand curve for the market is the price curve to be used in calculating the loss of the firm.
a) True
b) False
Q33: The quantity demanded depends upon the price and, therefore, for a given price, we can determine the quantity Supplied
a) True
b) False
Q34: This definition of probability is called the classical or a priories definition of probability
a) True
b) False
Q35: Weighted averages have important applications in trend analysis and search
a) True
b) False
Q36: The factors of production are land, labour, capital and water.
a) True
b) False
Q37: The variables can be classified in terms of the traditional factors of production.
a) True
b) False
Q38: In the guesstimate conceptual model the forecast is based on expert opinion.
a) True
b) False
Q39: A sampling design is a definite plan for obtaining a sample from the sampling frame
a) True
b) False
Q40: The most important application of geometric mean is in the construction of index numbers, i.e., averaging rates of change.
a) True
b) False
Q41: The objective should be defined implicitly
a) True
b) False
Q42: 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.
a) True
b) False
Q43: A dummy destination is added to the table, with a demand of 100 units.
a) True
b) False
Q44: For slow decision-making purposes, the subjective interpretation is frequently required.
a) True
b) False
Q45: If this m-1 condition is not satisfied, degeneracy occurs.
a) True
b) False
Q46: A vector may also add a vector.
a) True
b) False
Q47: In a matrix of transition probability,the probability values should add up to one in each-: all three
a) True
b) False
Q48: The set of values of the variable is known as the domain of the variable.
a) True
b) False
Q49: propotion means all relationships in objective functions and constraints are linear.
a) True
b) False
Q50: strategic decisions are concerned with external environment of the organization.
a) True
b) False
Q51: The mixed interviews are about complex and non-quantifiable subject matter.
a) True
b) False
Q52: primary data represents those items that are collected for the first time and first hand.
a) True
b) False
Q53: Averages give a historical concept to the relationship between different groups.
a) True
b) False
Q54: The none of the models play a very important role in forecasting.
a) True
b) False
Q55: The main advantage of mode is that the value of mode is not affected by the extreme values of the series
a) True
b) False
Q56: Underlying this input-output system is a feedback loop identified as managerial cordination system.
a) True
b) False
UPES MCQ Question Answer 15-May-2022 Part 2
Q1:The behaviour of the dependent variable with respect to change in independent variable(s) is different in different _____________.
0. ( ) Forms
1. ( ) Pattern
2. ( ) Variables
3. ( ) Situations
Q2:Variables are the terms used for _________________ quantities that can assume any values within a given set.
0. ( ) Georaphical
1. ( ) Economical
2. ( ) Political
3. ( ) Mathematical
Q3:A value of the variable which satisfies the given equation is called a solution or ______________.
0. ( ) Problems
1. ( ) Root
2. ( ) Results
3. ( ) None
Q4:Linear Equation may be defined as an equation where the power of the variable(s) is _______________, and no cross or product terms are present.
0. ( ) One
1. ( ) Two
2. ( ) Three
3. ( ) Four
Q5: The method to solve assignment problems wasn introduced by ______________, a Hungarian mathematician.
0. ( ) S.Phunsuk
1. ( ) D.Koing
2. ( ) J.Timothy
3. ( ) H.Hound
Q6: No player is aware of his opponent’s _____________ until he decides his own.
0. ( ) Strategies
1. ( ) Choices
2. ( ) Policies
3. ( ) Theories
Q7: The reasoning takes place in the decision making rectangle which is sometimes referred to as, quite appropriately, the ____________ box.
0. ( ) Blue
1. ( ) Red
2. ( ) Pink
3. ( ) Black
Q8: Buying a house, manufacturing a product, spending money on a show are examples of _______________.
0. ( ) Labour
1. ( ) Land
2. ( ) Variables
3. ( ) Capital
Q9: 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.
0. ( ) Pure
1. ( ) Mixed
2. ( ) Informal
3. ( ) None
Q10: If this _______________ condition is not satisfied, degeneracy occurs.
0. ( ) m+n-1
1. ( ) Co = m+n-1
2. ( ) m-1
3. ( ) Co=n-1
Q11: The ____________ model identifies the optimal way, but for a variety of reasons, other satisfying options may be selected and acted upon.
0. ( ) Basic
1. ( ) Forecasting
2. ( ) Programming
3. ( ) Mathematical
Q12: In industry, it is ultimately some kind of product, that is, a good service or on ___________.
0. ( ) Idea
1. ( ) Bad Service
2. ( ) Plan
3. ( ) Decision
Q13: The selection of strategy by player B is based on __________ principle.
0. ( ) Maximum
1. ( ) Minimax
2. ( ) Minimum
3. ( ) None
Q14: The objective of transportation problem is to minimize the cost of transportation under the given supply and ____________ constraints.
0. ( ) Supply
1. ( ) Demand
2. ( ) Formal
3. ( ) Informal
Q15: Each variable represents a distinct dimension of the _____________ making task.
0. ( ) Decision
1. ( ) Policy Holder
2. ( ) Formulator
3. ( ) All Three
Q16: There are _______________-wide and market-wide decisions that have to be made.
0. ( ) Formal
1. ( ) Industry
2. ( ) Promotional
3. ( ) Creation
Q17: In Assignment models, only ___________ unit can be supplied to each destination from each source.
0. ( ) One
1. ( ) Five
2. ( ) Ten
3. ( ) Zero
Q18: A _____________ problem can be tabulated in a matrix called transportation matrix.
0. ( ) Mathemetical
1. ( ) Geographical
2. ( ) Liner
3. ( ) Transportation
Q19: 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.
0. ( ) One-sum
1. ( ) All-sum
2. ( ) Zero-sum
3. ( ) Few-sum
Q20: In industry optimization means the minimization of ____________ and the maximization of profits.
0. ( ) Cost
1. ( ) Labour
2. ( ) Land
3. ( ) Time
Q21: Ordinarily items with values less than the average cancel out the items whose values are greater than the average.
0. ( )True
1. ( )False
Q22: In stratified sampling method, the entire population is divided into a number of groups called stars
0. ( )True
1. ( )False
Q23: The objective of a diet problem is to ascertain the quantities of foods that should be eaten to meet certain nutritional requirement at a minimum cost.
0. ( )True
1. ( )False
Q24: Errors due to calculations or improper convention of observation are called more sampling errors.
0. ( )True
1. ( )False
Q25: In diplomatic situation the information is completely known and the outcome of a specified decision can be predetermined with certainty.
0. ( )True
1. ( )False
Q26: zero is a type of Assignment problem.
0. ( )True
1. ( )False
Q27: cluster sampling is also called multistage sampling or sub-sampling as it uses various stages to reach or make samples.
0. ( )True
1. ( )False
Q28: In the long run,the state probabilities become 0 and 1 in all case
0. ( )True
1. ( )False
Q29: mode is that value which has the maximum frequency (i.e. occurs most often) in a given set of values.
0. ( )True
1. ( )False
Q30: The two methods of for solving Markov chains are Transition Probability Matrix and decision Tree Diagram.
0. ( )True
1. ( )False
Q31: No player is aware of his opponent’s choices until he decides his own.
0. ( )True
1. ( )False
Q32: A numeric value that indicate singularity or non-singularity of a square matrix is called none
0. ( )True
1. ( )False
Q33: linear is the relationship between the variables is directly proportional.
0. ( )True
1. ( )False
Q34: Game Theory is applicable to those competitive situations which are technically known as “outdoor games”.
0. ( )True
1. ( )False
Q35: In calculating simple arithmetic mean it is assumed that all items were equal in importance.
0. ( )True
1. ( )False
Q36: 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.
0. ( )True
1. ( )False
Q37: In a matrix of transition probability,the probability values should add up to one in each-: all three
0. ( )True
1. ( )False
Q38: The factors of production are land, labour, capital and water.
0. ( )True
1. ( )False
Q39: middle management decisions are primarily company-wide in nature.
0. ( )True
1. ( )False
Q40: evvp is the maximum obtainable expected monetary value based on perfect information as to which state of nature will occur.
0. ( )True
1. ( )False
Q41: linear means if a programme maximizes or minimizes some measure or criterion of effectiveness.
0. ( )True
1. ( )False
Q42: motivating refers to both policy execution as well as policy development.
0. ( )True
1. ( )False
Q43: An individual/group responsible for making a choice of appropriate course of action is known as Decision maker
0. ( )True
1. ( )False
Q44: The word ‘linear’ is used to represent a function, which can be represented by a straight line.
0. ( )True
1. ( )False
Q45: If the maximin value is equal to minimax value, the game has a ending point.
0. ( )True
1. ( )False
Q46: The objective functions can be in terms of minimization or maximization
0. ( )True
1. ( )False
Q47: In a pay-off matrix, the minimum value in each row represents the minimum loss for player A.
0. ( )True
1. ( )False
Q48: primary data represents those items that are collected for the first time and first hand.
0. ( )True
1. ( )False
Q49: 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.
0. ( )True
1. ( )False
Q50: 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.
0. ( )True
1. ( )False
Q51: The aim of the game is to determine how the players must select their respective strategies such that the pay-off is reduced
0. ( )True
1. ( )False
Q52: Broadly there are three types of decisions including Strategic decisions, formal Decisions and Operating Decisions.
0. ( )True
1. ( )False
Q53: A ____________ 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.
0. ( ) Managerial
1. ( ) Multilevel
2. ( ) Decisions
3. ( ) All Three
Q54: The linear function which is to be optimized is called ______________ Function.
0. ( ) Objective
1. ( ) Frequent
2. ( ) Revenue
3. ( ) Continuity
Q55: ________________ is the maximum obtainable expected monetary value based on perfect information as to which state of nature will occur.
0. ( ) EPPI
1. ( ) EVPI
2. ( ) EPEI
3. ( ) EVVP
Q56: ____________ probability distributions are those in which the random variable can take on only specific values.
0. ( ) Same
1. ( ) Continuous
2. ( ) Discrete
3. ( ) Different
