Question 1

Every mathematical model

Accepted Answer

A)   Must be deterministic
B)   Requires computer aid for its solution
C)   Represents data in numerical form
D)   All of the above C

Question 2

The use of decision models

Accepted Answer

A)   Is possible when the variables value is known
B)   Reduces the scope of judgement & intuition known with certainty in decision-making
C)   Require the use of computer software
D)   None of the above D

Question 3

A physical model is example of

Accepted Answer

A)   An iconic model
B)   An analogue model
C)   A verbal model
D)   A mathematical model C

Question 4

For analyzing a problem, decision-makers should study

Accepted Answer

A)   Its qualitative aspects
B)   Its quantitative aspects
C)   Both a & b
D)   Neither a nor b

Question 5

Decision variables are

Accepted Answer

A)   Controllable
B)   Uncontrollable
C)   Parameters
D)   None of the above

Question 6

. ………. . is a method of analyzing the current movement of the same variable in an effort to predict the future movement of the same variable.

Accepted Answer

A)   Goal programming
B)   Markov analysis
C)   Replacement theory
D)   Queuing theory

Question 7

An optimization model

Accepted Answer

A)   Provides the best decision
B)   Provides decision within its limited context
C)   Helps in evaluating various alternatives
D)   All of the above

Question 8

Managerial decisions are based on

Accepted Answer

A)   An evaluation of quantitative data
B)   The use of qualitative factors
C)   Results generated by formal models
D)   All of the above

Exam 5: Linear Programming Models and Techniques