Quiznetik

Business Mathematics | Set 2

1. Operation research analysis does not

Correct : A. predict future operation

2. A constraint in an LP model restricts

Correct : D. all of the above

3. A feasible solution of LPP

Correct : A. must satisfy all the constraints simultaneously

4. Maximization of objective function in LPP means

Correct : B. highest value is chosen among allowable decision

5. Alternative solution exist in a linear programming problem when

Correct : D. all of the above

6. The linear function of the variables which is to be maximize or minimize is called

Correct : B. objective function

7. The true statement for the graph of inequations 3x+2y≤6 and 6x+4y≥20 , is

Correct : A. both graphs are disjoint

8. The value of objective function is maximum under linear constraints

Correct : C. at any vertex of feasible region

9. A model is

Correct : D. all of the above

10. The first step in formulating a linear programming problem is

Correct : D. identify the decision variables

11. Constraints in an LP model represents

Correct : D. all of above

12. The best use of linear programming is to find optimal use of

Correct : D. all the above

13. Which of the following is assumption of an LP model

Correct : D. all of the above

14. Before formulating a formal LP model, it is better to

Correct : D. all of the above

15. Non-negative condition in an LP model implies

Correct : C. non-negative value of resourse

16. The set of decision variable which satisfies all the constraints of the LPP is called as-----

Correct : A. solution

17. The intermediate solutions of constraints must be checked by substituting them back into

Correct : B. constraint equations

18. A basic solution is called non-degenerate, if

Correct : B. none of the basic variables is zero

19. The graph of x≤2 and y≥2 will be situated in the

Correct : B. second and third quadrant

20. A solution which satisfies non-negative conditions also is called as-----

Correct : C. feasible solution

21. A solution which optimizes the objective function is called as ------

Correct : D. optimal solution

22. In. L.P.P----

Correct : C. both objective function and constraints are linear

23. If the constraints in a linear programming problem are changed

Correct : A. the problem is to be re-evaluated

24. Linear programming is a

Correct : D. all of the above

25. A constraint in an LP model restricts

Correct : D. all of the above

26. The distinguishing feature of an LP model is

Correct : A. relationship among all variables is linear

27. The best use of linear programming technique is to find an optimal use of

Correct : B. manpower

28. Which of the following is not a characteristic of the LP

Correct : D. the problem must be of minimization type

29. Which of the following is an assumption of an LP model

Correct : D. all of the above

30. Which of the following is a limitation associated with an LP model

Correct : D. all of the above

31. The graphical method of LP problem uses

Correct : D. all of the above

32. A feasible solution to an LP problem

Correct : D. must optimize the value of the objective function

33. An iso-profit line represents

Correct : D. a boundary of the feasible region

34. If an iso-profit line yielding the optimal solution coincides with a constaint line, then

Correct : A. the solution is unbounded

35. A constraint in an LP model becomes redundant because

Correct : A. two iso-profit line may be parallel to each other

36. Constraints in LP problem are called active if they

Correct : A. represent optimal solution

37. Mathematical model of Linear Programming is important because

Correct : A. It helps in converting the verbal description and numerical data into mathematical expression

38. In graphical method of linear programming problem if the iOS-cost line coincide with a side of region of basic feasible solutions we get

Correct : D. Infinite number of optimum solutions

39. If the value of the objective function 𝒛 can be increased or decreased indefinitely, such solution is called

Correct : B. Unbounded solution

40. For the constraint of a linear optimizing function z=x1+x2 given by x1+x2≤1, 3x1+x2≥3 and x1, x2≥0

Correct : C. There is no feasible region

41. If the number of available constraints is 3 and the number of parameters to be optimized is 4, then

Correct : B. The constraints are short in number

42. Non-negativity condition is an important component of LP model because

Correct : B. Value of variables make sense & correspond to real-world problems

43. Maximization of objective function in an LP model means

Correct : D. Both a & b

44. Which of the following is not a characteristic of the LP model

Correct : A. Alternative courses of action

45. Which of the following statements is true with respect to the optimal solution of an LP problem

Correct : A. Every LP problem has an optimal solution

46. While plotting constraints on a graph paper, terminal points on both the axes are connected by a straight line because

Correct : D. All of the above

47. In graphical method of linear programming problem if the iOS-cost line coincide with a side of region of basic feasible solutions we get

Correct : D. infinite number of optimum solutions

48. The objective function for a L.P model is 3𝑥1 + 2𝑥2, if 𝑥1 = 20 and 𝑥2 = 30, what is the value of the objective function?

Correct : D. 120

49. If the value of the objective function 𝒛 can be increased or decreased indefinitely, such solution is called

Correct : B. unbounded solution

50. For the constraint of a linear optimizing function z=x1+x2 given by x1+x2≤1, 3x1+x2≥3 and x1, x2≥0

Correct : C. there is no feasible region

51. If the number of available constraints is 3 and the number of parameters to be optimized is 4, then

Correct : B. the constraints are short in number

52. While plotting constraints on a graph paper, terminal points on both the axes are connected by a straight line because

Correct : D. all of the above

53. Operations research is the application of ____________methods to arrive at the optimal Solutions to the problems.

Correct : B. scientific

54. Operations research was known as an ability to win a war without really going in to ____

Correct : D. both a and b

55. Who defined OR as scientific method of providing execuitive departments with a quantitative basis for decisions regarding the operations under their control?

Correct : A. morse and kimball (1946)

56. What enables us to determine the earliest and latest times for each of the events and activities and thereby helps in the identification of the critical path?

Correct : C. both a and b

57. In Degenerate solution value of objective function _____________.

Correct : D. one or more basic variables are zero

58. OR has a characteristics that it is done by a team of

Correct : D. all of the above

59. Feasible solution satisfies __________

Correct : C. [a] and [b] both

60. When total supply is equal to total demand in a transportation problem, the problem is said to be

Correct : A. balanced

61. Which of the following methods is used to verify the optimality of the current solution of the transportation problem

Correct : A. least cost method

62. The degeneracy in the transportation problem indicates that

Correct : C. the multiple optimal solution exist

63. The dummy source or destination in a transportation problem is added to

Correct : A. satisfy rim conditions

64. The occurrence of degeneracy while solving a transportation problem means that

Correct : B. the solution so obtained is not feasible

65. An alternative optimal solution to a minimization transportation problem exists whenever opportunity cost corresponding to unused route of transportation is:

Correct : B. positive with at least one equal to zero

66. One disadvantage of using North-West Corner rule to find initial solution to the transportation problem is that

Correct : B. it does not take into account cost of transportation

67. The solution to a transportation problem with ‘m’ rows (supplies) & ‘n’ columns (destination) is feasible if number of positive allocations are

Correct : C. m+n-1

68. If an opportunity cost value is used for an unused cell to test optimality, it should be

Correct : B. most negative number

69. The large negative opportunity cost value in an unused cell in a transportation table is chosen to improve the current solution because

Correct : A. it represents per unit cost reduction

70. The smallest quantity is chosen at the corners of the closed path with negative sign to be assigned at unused cell because

Correct : C. it ensure feasible solution

71. The quantitative approach to decision analysis is a

Correct : C. scientific approach

72. The qualitative approach to decision analysis relies on

Correct : D. all of the above