Top 550+ Solved Principles of Management MCQ Questions Answer
Q. The minimum expected opportunity loss is
a. Equal to EVPI
b. Minimum regret
c. Equal to EMV
d. Both (a) and (b)
Q. The expected value of perfect information is equal to
a. EPPI – Minimum EMV
b. EPPI + Maximum EMV
c. Maximum EOL
d. None of the above
Q. The value of the coefficient of optimism is needed while using the criterion of
a. Equally likely
b. Maximin
c. Realism
d. Maximin
Q. While using Hurwicz criterion, the coefficient of realism
a. Represents the degree of optimism
b. Represents the degree of pessimism
c. Is the probability of state of nature
d. None of the above
Q. The decision making criteria that should be used to achieve maximum long term pay off is
a. EOL
b. EMV
c. Hurwicz
d. Maximax
Q. 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
Q. The objective of network analysis is to
a. Minimize total project duration
b. Minimize total project cost
c. Minimize production delays, interruption and conflicts
d. All of the above
Q. The initial solution of a transportation problem can be obtained by applying anyknown method. But the only condition is
a. The solution be optimal
b. The rim conditions are satisfied
c. The solution not be degenerate
d. All of the above
Q. When total supply is equal to total demand in a transportation problem , the problem is said to be
a. Balanced
b. Unbalanced
c. Degenerate
d. None of the above
Q. Which one of the following statements is not correct?
a. Management is a goal-oriented process.
b. Management is a continuous process.
c. Management is a dynamic process.
d. Management is a rigid process.
Q. Which one of the following is not an importance of management?
a. Integrating various interest groups
b. Developing society
c. Disciplining employees
d. Inculcating creativity
Q. Management is not
a. an applied science.
b. a pure science.
c. an art.
d. an art and science both.
Q. In which category does management fall?
a. Well-established profession
b. Semi-profession
c. Emerging profession
d. Marginal profession
Q. Coordination is
a. a management function.
b. the essence of management.
c. an objective of management.
d. a social objective.
Q. The element that aims at integrating group efforts to achieve group objectives is called ___.
a. Cooperation
b. Coordination
c. Management
d. Directing