Management Science (MGTC3101)
Higher Institute of Commerce and Management (HICM)
Semester: First Semester
Level: 300
Year: 2018
QUESTION ONE: 20 MARKS
1. A conditional value is:
a) The value you will receive if the particular state of nature occurs
b) A value that can be received only after all assumptions have been met
c) A value that when received conditions the answer
d) None of the above
2. Probabilities are needed under conditions of:
a) Certainty b) risk c) Uncertainty d) Both A &C
3. An a value is needed to indicate the decision makers optimism when using:
a) MAXIMAX b) Equally likely c) Realism criterion d) MAXIMIN
4. The graphical method of linear programming uses
a) Objective equations b) Constraints equations
c) Linear equation c) None of the above
5. Which of the following is not a property of all linear programming problems:
a) The presence of restrictions b) Optimism of some constraints
c) computer program d) Alternative courses of action to choose from
6. A feasible solution to a linear programming problem:
a) Must satisfy the problems constraints Simultaneously
b) Need not satisfy all of the constraints at once
c) Must be a corner point of the feasible region
UNVISERSITY OF BAMENDA
HIGHER INSTITUTEOF COMMERCE AND MANAGEMENT DEPARTMENT OF MANAGEMENT& ENTREPRENEURSHIP
First semester Exam:
2017/2018 course-MGMT201: management science credit value: 5Course lecturers: Mr. Tayong
Desmond M. course status:c Time07:00-
10.00am
Date: 12
th
Februaryr 2018
Instruction: Answer all questions. Any cancellation
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d) Must give the maximum possible profit
7. To formulate a problem for solution using the Simplex method, we add slack variables to;
a) All inequality constraints
b) Only equality constraints
c) Only 'greater than' constraints
d) Only 'less than' constraints
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