Top 150+ Solved Business Mathematics MCQ Questions Answer
Q. 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 a & b
d. none of the above
Q. While plotting constraints on a graph paper, terminal points on both the axes are connectedby a straight line because
a. the resources are limited in supply
b. the objective function as a linear function
c. the constraints are linear equations or inequalities
d. all of the above
Q. Operations research is the application of ____________methods to arrive at the optimalSolutions to the problems.
a. economical
b. scientific
c. a and b both
d. artistic
Q. Operations research was known as an ability to win a war without really going in to ____
a. battle field
b. fighting
c. the opponent
d. both a and b
Q. Who defined OR as scientific method of providing execuitive departments with a quantitativebasis for decisions regarding the operations under their control?
a. morse and kimball (1946)
b. p.m.s. blackett (1948)
c. e.l. arnoff and m.j. netzorg
d. none of the above
Q. What enables us to determine the earliest and latest times for each of the events and activitiesand thereby helps in the identification of the critical path?
a. programme evaluation
b. review technique (pert)
c. both a and b
d. deployment of resources
Q. In Degenerate solution value of objective function _____________.
a. increases infinitely
b. basic variables are nonzero
c. decreases infinitely
d. one or more basic variables are zero
Q. OR has a characteristics that it is done by a team of
a. scientists
b. mathematicians
c. academics
d. all of the above
Q. Feasible solution satisfies __________
a. only constraints
b. only non-negative restriction
c. [a] and [b] both
d. [a],[b] and optimum solution
Q. When total supply is equal to total demand in a transportation problem, the problem is said tobe
a. balanced
b. unbalanced
c. degenerate
d. none of the above
Q. Which of the following methods is used to verify the optimality of the current solution of thetransportation problem
a. least cost method
b. vogel’s approximation method
c. modified distribution method
d. all of the above
Q. The degeneracy in the transportation problem indicates that
a. dummy allocation(s) needs to be added
b. the problem has no feasible solution
c. the multiple optimal solution exist
d. a & b but not c
Q. The dummy source or destination in a transportation problem is added to
a. satisfy rim conditions
b. prevent solution from becoming degenerate
c. ensure that total cost does not exceed a limit
d. none of the above
Q. The occurrence of degeneracy while solving a transportation problem means that
a. total supply equals total demand
b. the solution so obtained is not feasible
c. the few allocations become negative
d. none of the above
Q. An alternative optimal solution to a minimization transportation problem exists wheneveropportunity cost corresponding to unused route of transportation is:
a. positive & greater than zero
b. positive with at least one equal to zero
c. negative with at least one equal to zero
d. none of the above