Objective Questions and Answers of MBA: Principle and Practices of Management 7

Subject: Objective Questions and Answers of MBA: Principle and Practices of Management 7

**Part 7: Objective questions and answers of Principles and Practices of Management**

**Q1. Game theory models are classified by the**

a) Number of players

b) Sum of all payoff

c) Number of strategies

d) All of the above

**Q2. Every mathematical model**

a) Must be deterministic

b) Requires computer aid for solution.

c) Represents data in numerical form

d) All of the above

**Q3. ______________ model involves all forms of diagrams**

a) Iconic

b) Mathematical

c) Analogue

d) Schematic

**Q4. Constraints in lp problem are called active if they**

a) Represent optimal solution

b) At optimality do not consume all the available resources

c) Both of (a) and (b)

d) None of the above

**Q5. ______________ is the latest time by which an activity can be finished without delaying the completion of the project.**

a) Est

b) Eft

c) Lst

d) Lft

**Q6. ______________ is an activity oriented diagram.**

a) Cpm

b) Pert

c) Histogram

d) None of the above

**Q7. In a decision theory problem under complete uncertainty, which one of the following approaches will not be possible?**

a) Expected monetary value

b) Maxmin

c) Minimax

d) Hurwicz

**Q8. Which of the following might be viewed as an optimistic decision criterion?**

a) Hurwicz criterion

b) Maximin

c) Maximax

d) Minimax

**Q9. Operations research approach is**

a) Multi-disciplinary

b) Scientific

c) Intuitive

d) All of the above

**Q10. An organization chart is an example of**

a) Iconic

b) Mathematical

c) Analogue

d) None of the above

**Q11. The graphical method of lp problem uses**

a) Objective function equation

b) Constraint equation

c) Linear equations

d) All the above

**Q12. Straight lines shown in a linear programming graph indicates**

a) Objective function

b) Constraints

c) Points

d) All the above

**Q13. ______________ is the earliest starting time plus activity time.**

a) Est

b) Eft

c) Lst

d) Lft

**Q14. The event is commonly represented by ______________ in network diagram**

a) Nodes

b) Arrow

c) Triangle

d) None of these

**Q15. Decision theory is concerned with**

a) Methods of arriving at an optimal decision

b) Selecting optimal decision in sequential manner

c) Analysis of information that is available

d) All of the above

**Q16. Or provides solution only if the elements are**

a) Quantified

b) Qualified

c) Feasible

d) Optimal

**Q17. ______________ Models in which the input and output variables follow a probability distribution.**

a) Iconic

b) Mathematical

c) Analogue

d) Deterministic model

**Q18. While plotting constraints on a graph paper, terminal points on both axes are connected by a straight line because**

a) The resources are limited in supply

b) The objective function is a linear function

c) The constraints are linear equations or in equalities

d) All of the above

**Q19. Full form of pert is**

a) Performance evaluation review technique

b) Programme evaluation review technique

c) Programme evaluation research technique

d) None of these.

**Q20. Father of scientific management is ______________.**

a) Henry fayol.

b) Koontz o donnel.

c) Fredrick winslow taylor.

d) Luther gullik.

**Part 7: Objective questions and answers of Principles and Practices of Management**

Q1. Answer d

Q2. Answer c

Q3. Answer a

Q4. Answer a

Q5. Answer d

Q6. Answer a

Q7. Answer a

Q8. Answer c

Q9. Answer a

Q10. Answer c

Q11. Answer d

Q12. Answer b

Q13. Answer b

Q14. Answer a

Q15. Answer d

Q16. Answer a

Q17. Answer d

Q18. Answer c

Q19. Answer a

Q20. Answer c