QMB 3602 Final Exam Combined Sets Questions With Reviewed Correct Answers
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Course
QMB
Institution
QMB
QMB 3602 Final Exam Combined
Sets Questions With Reviewed
Correct Answers
What process converts data gathered by secondary or
primary methods into data for examination? - ANSWER
: Data entry
_____ contains each variable in the study and specifies
the application of mapping rules to the ...
QMB 3602 Final Exam Combined
Sets Questions With Reviewed
Correct Answers
What process converts data gathered by secondary or
primary methods into data for examination? - ANSWER ✔
: Data entry
_____ contains each variable in the study and specifies
the application of mapping rules to the response codes of
each variable. - ANSWER ✔ : A coding scheme
The process for verifying that variables have used the
designated coding scheme and that all data collected is
entered correctly is called - ANSWER ✔ : Data editing
Which of the following components of a linear
programming model sets limits on the set of potential
solutions? - ANSWER ✔ : Constraints
Which of the following components of a linear
programming model is the overall performance measure?
- ANSWER ✔ : Objective
Which of the following components of a linear
programming model represents the level of each activity? -
ANSWER ✔ : Decision variables
, Which of the following statements about feasible solutions
to a linear programming problem is TRUE? - ANSWER ✔
: The optimal solution will also be a feasible solution.
Which of the following statements about feasible solutions
to a linear programming problem is FALSE? - ANSWER
✔ : There will always be at least one feasible solution to
any linear programming problem.
In a linear programming problem, the data cells do which
of the following? - ANSWER ✔ : Provides important
information about the availability of resource.
In a linear programming problem, the changing cells do
which of the following? - ANSWER ✔ : Contains the
decisions made about levels of activity.
In a linear programming problem, the output cells do
which of the following? - ANSWER ✔ : Ensures that
usage of resources does not exceed available supply.
In a linear programming problem, the objective cell does
which of the following? - ANSWER ✔ : Measures the
performance of candidate solution.
The key identifying feature of a resource-allocation
problem is which of the following?
I Constraints with the form "Amount of resource used ≥
Amount of resource available".
, II Constraints with the form "Amount of resource used ≤
Amount of resource available".
III Constraints with the form "Level achieved ≥ Minimum
acceptable level".
IV All constraints have the form "Amount provided =
Required amount". - ANSWER ✔ : II only
The key identifying feature of a cost-benefit trade-off
problem is which of the following?
I Constraints with the form "Amount of resource used ≥
Amount of resource available".
II Constraints with the form "Amount of resource used ≤
Amount of resource available".
III Constraints with the form "Level achieved ≥ Minimum
acceptable level".
IV All constraints have the form "Amount provided =
Required amount". - ANSWER ✔ : III only
The key identifying feature of a fixed-requirements
problem is which of the following?
I Constraints with the form "Amount of resource used ≥
Amount of resource available".
II Constraints with the form "Amount of resource used ≤
Amount of resource available".
III Constraints with the form "Level achieved ≥ Minimum
acceptable level".
IV All constraints have the form "Amount provided =
Required amount". - ANSWER ✔ : IV only
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