An econometric model requires
A. a computer with large auxiliary storage capacity
B. a data base of economic data
C. a model base of quantitative analysis programs
D. All of the above
E. None of the above
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Linear programming identifies
A. the optimum quantities of the variables
B. the maximum profit or minimum cost that can be expected
C. both (a) and (b)
D. neither (a) nor (b)
E. None of the above
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Frederic W. Taylor contributed the idea(s) of
A. the exception principle
B. management functions
C. both (a) and (b)
D. neither (a) nor (b)
E. None of the above
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Benefits from a computerised MIS include:
A. higher returns on short-term investments
B. less frequent and smaller short-term loans
C. lower rates of interest
D. All of the above
E. None of the above
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PCM stands for _____
A. plug-compatible manufacturer
B. personal computer media
C. PC-manufacturer
D. PC-modem
E. None of the above
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Which of the following is true of parallel transmission?
A. It involves the simultaneous transmission of eight bits.
B. The speed is quoted in bits per second.
C. It is slower than serial trans¬mission.
D. Most microcomputers commu¬nicate with other computers in this mode.
E. All of the above are true.
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Marketing planning is concerned with
A. planning the amount and placement of newspaper ads
B. planning consignment sales contracts to be offered
C. planning sales force size and deployment
D. All of the above
E. None of the above
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The following method/s are used in Transportation Models of Operations Research:
A. VogeFs Approximation Method
B. North West Corner Method
C. Least Cost Method
D. All of the above
E. None of the above
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An inventory management system should answer the questions
A. what and why
B. when and how much
C. who and why
D. where and when
E. None of the above
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CBCT stands for
A. Customer Bank Credit Terminal
B. Commercial Banking Credit Terminal
C. Customer-Bank Communication Terminal
D. Commercial Bank Communication Terminal
E. None of the above
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A Monte Carlo simulation is an example of a(n)
A. static model
B. optimizing model
C. both (a) and (b)
D. neither (a) nor (b)
E. None of the above
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Which of the following is a component of an expert system?
A. explanation module
B. knowledge base
C. natural language interface for the user
D. inference machine
E. All of the above
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Credit checking is done in the
A. order processing system
B. quotation system
C. order entry system
D. any of the above
E. None of the above
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The number of management layers in a firm is determined by
A. the scalar principle
B. the span of control
C. the degree of unity in the command
D. the number of managers in the firm
E. None of the above
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The manager, in using the systems approach, should subdivide the firm into subsystems based on
A. functional areas-marketing, finance, and manufacturing
B. management levels-strategic, tactical, and operational
C. resource flows-manpower, money, machines, and material
D. any of the above represent acceptable subsystem divisions.
E. None of the above
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Functional information subsystems can be classified into
A. input and output subsystems
B. processing and output subsystems
C. input and processing subsystems
D. input, processing, and output subsystems
E. None of the above
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Which is the correct for MIS:
A. communication process wherein information is recorded, stored, processed and retrieved for managerial decision-making
B. communication process wherein data is recorded, stored, processed and retrieved for managerial decision-making
C. communication process wherein data is converted into information
D. All of the above
E. None of the above
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Probabilities range from
A. .00 to .1
B. .00 to 1.00
C. 00 to 100
D. All of the above
E. None of the above
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Management uses information for two purposes : planning and _____
A. programmable
B. control
C. predictive reports
D. relevant
E. None of the above
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_____ is an application of the computer where the computer makes decisions or judgments that appear to require human intuition, reasoning and intelligence.
A. AI
B. ES
C. KBS
D. Base-rule
E. None of the above
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