Management Science Set 3
On This Page
This set of Management Science Multiple Choice Questions & Answers (MCQs) focuses on Management Science Set 3
Q1 | It ………. at which an activity can start.
- est
- eft
- lst
- lft
Q2 | ………… is the earliest starting time plus activity time.
- est
- eft
- lst
- lft
Q3 | ………. is the latest time by which an activity can be started without delaying thecompletion of the project.
- est
- eft
- lst
- lft
Q4 | ……….is the latest time by which an activity can be finished without delaying thecompletion of the project.
- est
- eft
- lst
- lft
Q5 | ……………is the duration by which an activity can be delayed without delaying theproject
- slack
- total float
- free float
- independent float
Q6 | ……… is the time by which the completion of an activity can be delayed beyond itsearliest finish time without affecting the earliest start time of a succeeding activity
- slack
- total float
- free float
- independent float
Q7 | ……….is activity oriented.
- cpm
- pert
- lp
- none of the above
Q8 | ………. is event oriented.
- cpm
- pert
- lp
- none of the above
Q9 | PERT emphasis on ………..
- time
- activity
- a) and b)
- none of the above
Q10 | Full form of PERT is
- performance evaluation review technique
- programme evaluation review technique
- programme evaluation research technique
- none of these.
Q11 | …….. is a scheme or design of something intended or device.
- programme
- project
- network
- float
Q12 | An activity which must be completed before one or more other activities start is knownas …………activity.
- dummy
- predecessor
- successor
- none of these
Q13 | The event is commonly represented by …… in network diagram
- nodes
- arrow
- triangle
- none of these
Q14 | …….is the disconnection of an activity before the completion of activities in a projectnetwork diagram.
- dangling
- looping
- dummy
- none of the above
Q15 | …………..is an activity oriented diagram.
- cpm
- pert
- histogram
- none of the above
Q16 | ………… is the duration by which an activity can be delayed without delaying theproject.
- total float
- slack
- earliest event time
- none of these
Q17 | ………is the shortest possible time in which an activity can be delayed withoutdelaying the project.
- pessimistic time estimate
- optimistic time estimate
- most likely time estimate
- none of these
Q18 | Which of the following is not a part of decision tree problem specification?
- a list of alternatives
- a list of possible state of nature
- evpi
- pay off associated with alternative/ state of nature combination.
Q19 | If a decision theory problem has 3 decision alternatives and 4 states of nature, thenumber of payoffs in that problem will be
- 3
- 4
- 12
- 64
Q20 | In a decision theory problem under complete uncertainty, which one of the followingapproaches will not be possible?
- expected monetary value
- maxmin
- minimax
- hurwicz
Q21 | For decision making under uncertainty, identify the decision rule that is appropriatefor the optimist.
- laplace
- maximax
- minimax regret
- maxmin
Q22 | What decision-making condition must exist for the decision tree to be a valuable tool?
- certainty
- uncertainty
- risk
- it does not matter, the tool is appropriate in all environments
Q23 | Which of the following is (are) types of decision-making environments?
- decision making under uncertainty
- decision making under certainty
- decision making under risk
- none of the above
Q24 | A good decision always implies that
- will obtain the best final results
- have used appropriate quantitative analysis.
- have considered all alternatives
- have followed a logical process.
Q25 | All of the following are steps in the decision-making process EXCEPT
- define the problem
- list alternatives
- identify the possible outcomes
- compute the posterior probabilities.