Management Practice MCQ Page 34

Multiple Choice questions for Management in the sets of 10 each on one page with questions and answers. All sets are useful in the preparation of subject tests for employment or admission.
Question: 4348   Selective probability is:
  1. the product of benefits times probability
  2. the product of costs times probability
  3. based on known probabilities
  4. based on limited knowledge or experience
Question: 4349   The probability of a new product's success is 0.6 ,with an expected value of Rs.21,600.What is projected savings?
  1. Rs.12,960
  2. Rs.21,600
  3. Rs.34,560
  4. Rs.36,800
Question: 4350   The method that is appropriate when costs associated with idle capacity must be balanced costs of waiting is:
  1. queuing theory
  2. probability analysis
  3. game theory
  4. linear programming
Question: 4352   The manager who attaches quantitative estimates of the likelihood of various events as an aid to decision making is utilising
  1. queuing theory
  2. probability analysis
  3. game theory
  4. linear programming
Question: 4354   Determining a decision -making strategy by anticipating what a major competitor will do involves the use of :
  1. queuing theory
  2. probability analysis
  3. game theory
  4. linear programming
Question: 4356   The mathematical method that would be appropriate when we want to determine how many units each of a number of limitations so as to maximize revenue is :
  1. queuing theory
  2. probability analysis
  3. game theory
  4. linear programming
Question: 4357   The most complex of the programming (charting) techniques for non-repetitive action is:
  1. PERT
  2. Gantt
  3. Impact
  4. Milestone
Question: 4361   If, in PERT,the optimistic time estimate for an activity is 3 days, the most likely is 6 and the pessimistic 12, what is the expected time if all three have equal probability?
  1. 7 days
  2. 9 days
  3. 12 days
  4. 21 days
Question: 4363   Assume an 80 percent learning curve. If it takes an average of 50 hours assemble 2 units,how many hours (average/unit) would it take to assemble 4?
  1. 25
  2. 32
  3. 40
  4. 50
Question: 4364   EDP is an acronym for:
  1. efficient data processing
  2. electronic data processing
  3. elementary data processing
  4. elementary data processing
Question: 4365   Which of the following is not a step in decision making?
  1. identifying the problem
  2. talking about the problem but refusing to analyze relevant data
  3. determining possible solutions
  4. implementation of a solution
Question: 4367   Quantitative methods of decision making received a big boost during:
  1. World War II
  2. World War I
  3. The Korean War
  4. The Indo-Pak War

Answers to the questions of Management on this page

Following list gives the correct choice for the answer of the Management mcqs.
4348 . D       4349 . A       4350 . A       4352 . B       4354 . C       4356 . D       4357 . A       4361 . A       4363 . C       4364 . B       4365 . B       4367 . A      

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