Business Mathematics - Questions and Answers for Competitive Exams | GkSeries

37. Generally the PERT technique deals with the project of ____________

• [A] Repetatative nature.
• [B] Non-repetative nature.
• [C] Determinstic nature.
• [D] None of the above.

Answer: Option [B]

38. While drawing the network diagram for each activity project we should look __________

• [A] What acitivities preceede this acitivity
• [B] What acitivities follow this acitivity.
• [C] What activity can concurrently take place with this activity.
• [D] All the above.

Answer: Option [D]

39. Float or slack analysis is useful for __________

• [A] Projects behind the schedule only.
• [B] Projects ahead of the schedule only.
• [C] Both (A) & (B)
• [D] None of the above.

Answer: Option [A]

40. Activity –on-arrow (AOA) diagram is prefeered over Activity –on-node (AON) diagram because __________

• [A] AOA diagrams are simple to construct
• [B] AOA diagrams give a better sense of the flow of time throughout a project.
• [C] AOA diagrams do not involve dummy activites
• [D] AOA diagrams do not involve dummy activites

Answer: Option [B]

41. Crashing is the process of reducing the total time that it takes to complete a project by expanding ___________

• [A] Additional funds.
• [B] No.of.days
• [C] Both (A) & (B)
• [D] None of the above

Answer: Option [A]

42. ___________ is the time consuming job (or) task that is a key subpart of the total project

• [A] Activity.
• [B] Event.
• [C] Node.
• [D] All the above

Answer: Option [A]

43. Network is the graphical display of a project that contains both ______ and _________

• [A] Activities and events.
• [B] Activities and dummy activities.
• [C] Both (A) & (B).
• [D] Neither (A) nor (B).

Answer: Option [A]

44. Latest finish time that an activity can be finished without _______ the entire project.

• [A] Delaying.
• [B] Planning
• [C] Both (A) & (B)
• [D] None of the above

Answer: Option [A]

45. PERT is a tool for __________ and control time

• [A] Delaying.
• [B] Planning.
• [C] Both (A) & (B)
• [D] None of the above

Answer: Option [B]

46. Project __________ phase allocates resources to work packages

• [A] Planning.
• [B] Scheduling.
• [C] Controlling.
• [D] Both (B) & (C).

Answer: Option [A]

47. A __________ is an endeavour to create a unique product service.

• [A] Project.
• [B] Network.
• [C] Activity.
• [D] Node.

Answer: Option [A]

48. In Transportation problem the preferred method of obtaining either optimal or very close to the optimal solution is _____________.

• [A] north west corner rule.
• [B] east cost method.
• [C] vogel’s approximation method.
• [D] simplex method.

Answer: Option [C]