Q. The qualitative approach to decision analysis relies on
✅ Correct Answer: (D)
all of the above
Business Mathematics MCQs and Notes
Q. The quantitative approach to decision analysis is a
✅ Correct Answer: (C)
scientific approach
Q. The smallest quantity is chosen at the corners of the closed path with negative sign to be assigned at unused cell because
✅ Correct Answer: (C)
it ensure feasible solution
Q. The large negative opportunity cost value in an unused cell in a transportation table is chosen to improve the current solution because
✅ Correct Answer: (A)
it represents per unit cost reduction
Q. If an opportunity cost value is used for an unused cell to test optimality, it should be
✅ Correct Answer: (B)
most negative number
Q. The solution to a transportation problem with ‘m’ rows (supplies) & ‘n’ columns (destination) is feasible if number of positive allocations are
✅ Correct Answer: (C)
m+n-1
Q. One disadvantage of using North-West Corner rule to find initial solution to the transportation problem is that
✅ Correct Answer: (B)
it does not take into account cost of transportation
Q. An alternative optimal solution to a minimization transportation problem exists whenever opportunity cost corresponding to unused route of transportation is:
✅ Correct Answer: (B)
positive with at least one equal to zero
Q. The occurrence of degeneracy while solving a transportation problem means that
✅ Correct Answer: (B)
the solution so obtained is not feasible
Q. The dummy source or destination in a transportation problem is added to
✅ Correct Answer: (A)
satisfy rim conditions