Q1-A SUMMER-112016-2017 Test-2 S230 Esam nswer All the Questions. Each Multiple Cholce Questions (MCOs) Answers (overwriting or cutting is not Allowed) Question has been allocated marks. Select Correct beer 1. A widely y used mathematical programming technique designed to help mathematical agers and decision making relative to resource allocation is called a. Linear Programming b. Computer Programming c. Constraint Programming d. Goal Programming 2. A feasible solution to a linear programming problem a. must be a corner point of the feasible region b. must satisfy all of the problem's constraints simultaneously c must give the maximum possible profit d. must give the minimum possible cost. 3. What makes the difference between good decisions and bad decisions? a. A good decision is based on logic. b. A good decision considers all available data. c. A good decision considers all alternatives. d. A good decision applies quantitative approaches. 4. Risk is the outcome of a. Certainty b. Uncertainty c. Terrorism d. None of these 5. A manager would choose projects based not only on returns but also on risks a. Irrational b. Rational c. All of the above d. None of the above Page 2 of 5