Top 250+ Solved Management Science MCQ Questions Answer
Q. The maximise criteria is ...........................
a. Optimistic
b. Pessimistic
c. Neutral
d. None of these
Q. Decision making under certainty refers to .............................. situation.
a. Deterministic
b. Probabilistic
c. Competitive
d. None of these
Q. ............................is known as father of game theory.
a. Von Neumann
b. A K Erlang
c. George b Dantzig
d. Arnoff
Q. Which of the following is an assumption of game theory?
a. The players act rationally and intelligently
b. Each payer has a finite set of possible courses of action
c. The players attempt to maximise gains or minimises losses
d. All of the above
Q. Each participant of the game is called...................
a. Strategist
b. Winner
c. Player
d. Loser
Q. The outcome of a game is known as....................
a. Profit
b. Loss
c. Pay off
d. None of these
Q. A matrix which shows the gains and losses resulting from moves and counter moves iscalled..................................
a. Cost matrix
b. Pay off matrix
c. Both a and b
d. None of these
Q. When all the players of the game follow their optimal strategies, then the expected pay off of thegame is called.......................
a. Gain of the game
b. Loss of the game
c. Value of the game
d. None of these
Q. The position in the pay off matrix where the maximin coincides with the minimax.
a. Saddle point
b. Break even point
c. Pivot point
d. None of the above
Q. A game is said to be fair if the value of the game is.........................
a. One
b. Two
c. Three
d. Zero
Q. In a ........................game the amounts won by all winners together is equal to the sum of theamounts lost by all losers together.
a. Non-zero sum game
b. Zero sum game
c. Rectangular game
d. None of these
Q. Which of the following method is used to solve mixed strategy problems:
a. Probability method
b. Graphic method
c. Linear Programming method
d. All of the above
Q. A queue is formed when the demand for a service:
a. Exceeds the capacity to provide that service
b. Is less than the capacity to provide that service
c. a or b
d. None of these
Q. Queuing theory is also termed as ............................
a. Game theory
b. Replacement theory
c. Waiting line theory
d. None of these
Q. In queuing theory, ...................... refers to those waiting in a queue or receiving service.
a. Service provider
b. Customer
c. Both a and b
d. None of these