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12th Standard English Medium Business Maths Subject Operations Research Creative 1 Mark Questions with Solution Part - II

12th Standard

    Reg.No. :
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Business Maths

Time : 00:30:00 Hrs
Total Marks : 5
    5 x 1 = 5
  1. _____determines the highest out come for each alternative.

    (a)

    Maximum cost

    (b)

    Minimax criteria

    (c)

    Maximin criteria

    (d)

    Payoff

  2. Operation research is an analytical method of ___________

    (a)

    problem solving

    (b)

    decision making

    (c)

    optimal cost of transportation

    (d)

    unit cost of transportation

  3. The methods of funding feasible solution to a transportation problem ___________

    (a)

    North West Corner Rule

    (b)

    Least Cost Method

    (c)

    Hungarian Method

    (d)

    Vogel's Approximation Method

  4. The least cost method is more economical than North West Corner Rule, since it starts with the ___________

    (a)

    least cost

    (b)

    minimum cost

    (c)

    maximum cost

    (d)

    lower beginning cost

  5. The penalty is the difference between the ___ costs in each row and column.

    (a)

    smallest

    (b)

    biggest

    (c)

    minimum

    (d)

    least

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