πŸ“Š Operations Research
Q. LP is a major innovation since ‐‐‐‐‐‐‐‐‐‐‐‐ in the field of business decision – making, particularly under conditions of certainty.
  • (A) Industrial Revolution
  • (B) World War I
  • (C) World War II
  • (D) French Revolution
πŸ’¬ Discuss
βœ… Correct Answer: (C) World War II
πŸ“Š Operations Research
Q. What is being considered as one of the most versatile management tools?
  • (A) Electronic Computers
  • (B) Linear Programming
  • (C) Computer Programming
  • (D) None of the above
πŸ’¬ Discuss
βœ… Correct Answer: (B) Linear Programming
πŸ“Š Operations Research
Q. This method of formal calculations often termed as Linear Programming was developed later in which year?
  • (A) 1947
  • (B) 1988
  • (C) 1957
  • (D) 1944
πŸ’¬ Discuss
βœ… Correct Answer: (A) 1947
πŸ“Š Operations Research
Q. Who developed Linear Programming for the purpose of scheduling the complicated procurement activities of the United States Air Force?
  • (A) George B. Dantzig
  • (B) James B. Dantzig
  • (C) George B. Dante
  • (D) George V. Dantzig
πŸ’¬ Discuss
βœ… Correct Answer: (A) George B. Dantzig
πŸ“Š Operations Research
Q. Who invented a method of formal calculations often termed as ?
  • (A) A.V. Kantorovich
  • (B) L.V. Kantorovich
  • (C) T.S. Kantorovich
  • (D) Alfred Marshall
πŸ’¬ Discuss
βœ… Correct Answer: (D) Alfred Marshall
πŸ“Š Operations Research
Q. Who pointed out that the businessman always studies his production function and his input prices and substitutes one input for another till his costs become the minimum possible?
  • (A) Alan Marshall
  • (B) Alfred Marsh
  • (C) Alfred Marshall
  • (D) None of the above
πŸ’¬ Discuss
βœ… Correct Answer: (C) Alfred Marshall
πŸ“Š Operations Research
Q. What are the main questions before a production manager?
  • (A) Which commodity/ commodities to produce
  • (B) In what quantities
  • (C) By which process or processes
  • (D) All of the above
πŸ’¬ Discuss
βœ… Correct Answer: (D) All of the above
πŸ“Š Operations Research
Q. What has always been very important in the business and industrial world, particularly with regard to problems concerning productions of commodities?
  • (A) Linear Programming
  • (B) Production
  • (C) Decision – making
  • (D) None of the above
πŸ’¬ Discuss
βœ… Correct Answer: (C) Decision – making
πŸ“Š Operations Research
Q. Process refers to the combination of ‐‐‐‐‐‐‐‐‐‐‐‐ inputs to produce a particular output.
  • (A) one or more
  • (B) two or more
  • (C) one
  • (D) None of the above
πŸ’¬ Discuss
βœ… Correct Answer: (A) one or more
πŸ“Š Operations Research
Q. The term linearity implies ‐‐‐‐‐‐‐‐‐‐‐ among the relevant variables:
  • (A) Straight line
  • (B) Proportional relationships
  • (C) Linear lines
  • (D) Both A and B
πŸ’¬ Discuss
βœ… Correct Answer: (D) Both A and B