ADMAS University

Department of Accounting and finance

Test#1 Time allowed 1:00 minutes
Name______________________________IDNo________________Group_________

Part 1. Choose the best answer and put your letter of choice on the separate answer sheet provided.
(1.5.point each)
1. Managers tend to use a qualitative approach to problem solving in all of the following except:
A. Immediate decisions are needed
B. The problem is familiar
C. The problem is not familiar
D. The costs involved are not substantial
E. All
F. None
2. Of the following which one is true about types of models?
A. Iconic models convey important physical characteristics
B. Analog models are physical models that look like reality
C. Symbolic models are physical models; but they substitute rather than replicate reality
D. Speedometer of vehicle is an example of Iconic models
E. All
F. None
3. All are true about using models except
A. Models allows an analyst to strip away an important details of reality
B. Manipulating a model is much easier than manipulating the real system
C. They in force the analyst to quantify information
D. They compress time and are less costly than the real situation
E. All
F. None
4. Identify the incorrect statement about the elements of linear programming
A. The objective function is the criterion by which all decisions are evaluated.
B. The decision variables represent the unknown functions to be solved for.
C. Parameters are fixed values which show the impact on a single decision variable or unit.
D. All
F. None
5. Of the following which one is the correct step in problem solving
A. Identify and define the problem, Determine the set of alternative solutions, Determine the criteria that
will be used to evaluate the alternatives, Evaluate the alternatives
B. Determine the set of alternative solutions, Identify and define the problem, Determine the criteria that
will be used to evaluate the alternatives, Evaluate the alternatives
C. Evaluate the alternatives, Determine the set of alternative solutions, Identify and define the problem,
Determine the criteria that will be used to evaluate the alternatives,
D. Determine the criteria that will be used to evaluate the alternatives, Evaluate the alternatives,
Determine the set of alternative solutions, Identify and define the problem,
6.

If any of the uncontrollable inputs are uncertain and subject to variation, the model is referred to as stochastic
model.
A. True

B. False

7. Of the following Assumptions which one is/are characteristics which provide validity for the Linear
Program Modeling
A.
B.
C.
D.
E.

Linearity:
Divisibility:
Certainty:
Non negativity:
All of the above