Given below is the list 21 important Decision Science MCQ With Answers useful for MBA, MMS, BBA, PGDM, and other management students. These Decision Science Multiple Choice Questions will help you for preparation for SET, UGC NET, UPSC, MPSC competitive and Ph D entrance exams. These MCQs are useful for Pune University, Mumbai University, Anna University and other universities in India.
Decision science approach is ___________
A. Intra disciplinary
B. Multi disciplinary
C. Uni disciplinary
D. Complex
View Answer
B. Multi disciplinary
For analyzing a problem decision-makers should generally study _______ aspects
A. Quantitative
B. Qualitative
C. Paranormal
D. Both A & B
View Answer
D. Both A & B
Decision variables are _______
A. Independent
B. Uncontrollable
C. Controllable
D. Qualitative
View Answer
C. Controllable ( See Explanation)
Decision science is also called ______
A. management science
B. operation research
C. Quantitative analysis
D. All of the above
View Answer
D. All of the above
Decision science is an approach to decision making which utilizes extensively____
A. Qualitative analysis
B. Digital analysis
C. Quantitative analysis
D. Informative analysis
View Answer
C. Quantitative analysis
Decision science is a _______ for solving management problems in order to help managers to make better decisions.
A. Pseudo scientific approach
B. Artistic approach
C. Scientific approach
D. Astrological approach
View Answer
C. Scientific approach
Decision science encompasses a number of mathematically oriented technique such as _____
A. Natural sciences
B. Mathematics and statistics
C. Engineering
D. All of the above
View Answer
D. All of the above
_______ are those statistical and operations research for programming techniques which help in the decision making process
A. Qualitative techniques
B. Quantitative techniques
C. Assumptive techniques
D. None of the ab
View Answer
B. Quantitative techniques
_____ is the characteristic of quantitative technique.
A. Objective oriented approach
B. Interdisciplinary approach
C. Scientific approach
D. All of the above
View Answer
D. All of the above
_________ are used to allocate resources to activities in such a way that some measure of effectiveness is optimized.
A. Queuing models
B. Sequencing models
C. allocation models
D. simulation models
View Answer
C. allocation models
________ deals with the problem of of determination of how much to order at a point in time and went to place an order
A. Waiting line model
B. Sequencing model
C. replacement model
D. inventory model
View Answer
D. inventory model
________ are used when one must decide the optimal time to replace equipment for one reason or the other
A. Replacement models
B. allocation models
C. decision making models
D. waiting line models
View Answer
A. Replacement models
_______ deals with the selection of an optimal course of action given the possible pay offs and their associated probability of occurrence
A. Simulation model
B. competitive model
C. network model
D. decision making model
View Answer
D. decision making model
_________ is used to characterize the behaviour of two or more opponent’s who compete for the achievement of conflicting goals
A. allocation model
B. decision making model
C. game theory model
D. Simulation model
View Answer
C. game theory model
______ is not an advantage of quantitative technique.
A. Facilitates optimum allocation of resources
B. Facilitates forecasting
C. Serve as a technique to optimise complexity
D. Serve as a tool for scientific analysis
View Answer
C. Serve as a technique to optimise complexity
The word ______ refers to to linear relationship among variables in a model.
A. Linear
B. Programming
C. Variability
D. Sequencing
View Answer
A. Linear
__________ is the technique of selecting the best possible strategy from a number of alternatives.
A. Linear strategy
B. Strategic programming
C. Linear programming
D. Nonlinear programming
View Answer
C. Linear programming
_______ is not a type of assignment problems.
A. Unbalanced assignment problems
B. maximization assignment problems
C. restricted assignments problems
D. matrix assignment problems
View Answer
D. matrix assignment problems
_______ is found to exist when the number of facilities is not equal to the number of jobs.
A. Maximization assignment problems
B. restricted assignment problems
C. unbalanced assignment problems
D. multiple assignment problems
View Answer
C. unbalanced assignment problems
Involves sales revenue and profit data _______
A. Restricted assignment problems
B. maximization assignment problems
C. unbalanced assignment problems
D. multiple assignment problems
View Answer
B. maximization assignment problems
Restricted assignment problems is also known as _______
A. Limited assignment problems
B infinite assignment problems
C. constrained assignment problems
D. stagnated assignment problems
View Answer
C. constrained assignment problems
This is all about solved MCQ on decision science useful for management and commerce students.
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