Decision Models in Management Quiz

Decision Models in Management Quiz

University

30 Qs

quiz-placeholder

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Decision Models in Management Quiz

Decision Models in Management Quiz

Assessment

Quiz

Other

University

Hard

Created by

Pranav Indulkar

Used 2+ times

FREE Resource

30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Operations Research (OR) is primarily concerned with:

Business Management

Decision Making using Mathematical Models

Human Resource Management

Financial management

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The primary goal of Operations Research is to:

Optimize decision-making

Increase labor force

Reduce marketing costs

Improve customer relationships

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a characteristic of Operations Research?

Subjective decision-making

Use of mathematical models

Quantitative approach

Optimization techniques

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Operations Research was developed during:

World War II

Industrial Revolution

Information Technology Boom

21st Century

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The first step in the Operations Research methodology is:

Problem Formulation

Model Construction

Implementation

Data Collection

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A model used in Operations Research that represents a real-world problem mathematically is called:

Heuristic Model

Mathematical Model

Conceptual Model

Simulation Model

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a deterministic Operations Research model?

Linear Programming

Monte Carlo Simulation

Game Theory

Markov Chains

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