Top 150+ Solved Quantitative Techniques for Business MCQ Questions Answer
Q. ...............................is an operation research technique which resembles a real lifesituation.
a. Decision theory
b. Simulation
c. Game theory
d. Queuing theory
Q. C.P.M. stands for..........................................................
a. Critical Process Method
b. Critical Performance Measurement
c. Critical Path Method
d. Critical Programme Method
Q. The word correlation usually implies.............................
a. Cause and effect relationship
b. Mutual interdependence
c. Both
d. None of the above
Q. Correlation analysis is a ............................analysis.
a. Univariate analysis
b. Bivariate analysis
c. Multivariate analysis
d. Both b and c
Q. When the values of two variables move in the same direction, correlation is said to be..........
a. Positive
b. Negative
c. Linear
d. Non-linear
Q. When the values of two variables move in the opposite direction, correlation is said to be........................
a. Positive
b. Negative
c. Linear
d. Non-linear
Q. A _________ is a decision support tool that uses a tree-like graph or model of decisionsand their possible consequences, including chance event outcomes, resource costs, and utility.
a. Decision tree
b. Graphs
c. Trees
d. Neural Networks
Q. What is Decision Tree?
a. Flow-Chart
b. Structure in which internal node represents test on an attribute, each branch represents outcome of test and each leaf node represents class label
c. Flow-Chart & Structure in which internal node represents test on an attribute, each branch represents outcome of test and each leaf node represents class label
d. None of the mentioned
Q. Choose from the following that are Decision Tree nodes?
a. Decision Nodes
b. End Nodes
c. Chance Nodes
d. All of the above
Q. Which of the following are the advantage/s of Decision Trees?
a. Possible Scenarios can be added
b. Use a white box model, If given result is provided by a model
c. Worst, best and expected values can be determined for different scenarios
d. All of the above
Q. ----- are the whose values are to be determined from the solution of the LPP
a. Objective function
b. Decision variables
c. Constrains
d. Opportunity cost
Q. ------------ specifies the objective or goal of solving the LPP
a. Objective function
b. Decision variables
c. Constraints
d. Opportunity cost
Q. Objective function is expressed in terms of the --------------
a. Numbers
b. Symbols
c. Decision variables
d. None of the above