Business Mathematics MCQs and Notes
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Q 1. The qualitative approach to decision analysis relies on
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Q 2. The quantitative approach to decision analysis is a
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Q 3. The smallest quantity is chosen at the corners of the closed path with negative sign to be assigned at unused cell because
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Q 4. The large negative opportunity cost value in an unused cell in a transportation table is chosen to improve the current solution because
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Q 5. If an opportunity cost value is used for an unused cell to test optimality, it should be
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Q 6. The solution to a transportation problem with ‘m’ rows (supplies) & ‘n’ columns (destination) is feasible if number of positive allocations are
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Q 7. One disadvantage of using North-West Corner rule to find initial solution to the transportation problem is that
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Q 8. An alternative optimal solution to a minimization transportation problem exists whenever opportunity cost corresponding to unused route of transportation is:
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Q 9. The occurrence of degeneracy while solving a transportation problem means that
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Q 10. The dummy source or destination in a transportation problem is added to
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