Business Mathematics MCQS WITH ANSWERS | ASKBYPEOPLE | MBA MCQS

 

Business Mathematics

21. An LPP has ______________.

1. one optimal solution.
2. two optimal solutions.
3. Three optimal solutions.
4. none of these.

Correct answer: (D)
none of these.

22. The two forms of LPP are ______________.

1. standard form and canonical form.
2. standard form and general form.
3. matrix form and canonical form.
4. matrix form and standard form.

Correct answer: (A)
standard form and canonical form.

23. In the standard form of LPP if the objective function is of minimization then the right hand side of the constraints should be ______________.

1. positive.
2. negative.
3. non-negative.
4. zero.

Correct answer: (C)
non-negative.

24. In simplex method the LPP has unbounded solution if the variable in the key column is ______________.

1. maximum.
2. minimum.
3. positive.
4. negative.

Correct answer: (D)
negative.

25. Which of the following is not true about feasibility?

1. it cannot be determined in a graphical solution of an L.P.P.
2. it is independent of the objective function.
3. it implies that there must be a convex region satisfying all the constraints.
4. extreme points of the convex region gives the optimum solution.

Correct answer: (A)
it cannot be determined in a graphical solution of an L.P.P.

26. Network models have advantage in terms of project ______________

1. Planning
2. Scheduling.
3. Controlling.
4. All the above.

Correct answer: (D)
All the above.

27. If an activity has zero slack,it implies that ______________

1. It lies on the critical path.
2. It is a dummy acitivity.
3. The project is progressing well.
4. None of the above.

Correct answer: (A)
It lies on the critical path.

28. Float or slack analysis is useful for ______________

1. Projects behind the schedule only.
2. Projects ahead of the schedule only.
3. Both a & b.
4. None of the above.

Correct answer: (A)
Projects behind the schedule only.

29. Crashing is the process of reducing the total time that it takes to complete a project by expanding ______________

1. Additional funds.
2. No.of.days
3. Both a & b
4. None of the above

Correct answer: (A)
Additional funds.

30. Network is the graphical display of a project that contains both _________________

1. Activities and events.
2. Activities and dummy activities.
3. Both (a) & (b).
4. Neither (a) nor (b).

Correct answer: (A)
Activities and events.

MCQs With Answers

Monday, December 27, 2021

• Share