1. Constraints may represent Limitations Requirements Balance conditions All of the above 2.

An iso-profit line represents: An infinite number of solutions all of which yield the same profit An infinite number of solutions all of which yield the same costs None of 1 and 2 3. Every corner of the feasible region is defined by The inter-section of 2 constraint lines Some subset of constraint lines and non-negativity conditions Neither of the above 4. The graphical method is useful because It provides a general way to solve LP problems It gives geometric insight into the model and the meaning of optimality Both 1 and 2 5. An unbound feasible region Arises from an incorrect formulation Means the objective function is unbounded Neither of the above Both 1 and 2 6. Consider an optimal solution to an LP. Which of the following must be true? At least on constraint (not including non-negativity conditions) is active at the point (b) Exactly one constraint (not including non-negativity conditions) is active at the point Neither of the above All of the above 7. The phrase unbounded LP means that At least one decision variable can be made arbitrarily large without leaving the feasible Objective contours can be moved as far as desired, in the optimizing direction still touch at least one point in the constraint set.

8. A constraint limit the values that The objective function can assume The decision variables can assume Neither of the above Both 1 and 2 9. Linear programming is A constrained optimization model A constrained decision-making model A mathematical programming model All of the above 10. Model formulation is important because It enables us to use algebraic techniques In a business context, most managers prefer to work with formal models It forces management to address a clearly defined problem It allows the manager to better communicate with the management scientist and therefore to be more discriminating in hiring policies 11. The non-negativity requirement is included in an LP because It makes the model easier to solve It makes the model correspond more closely to the real-world problem Both 1 and 2 Neither of the above 12. The distinguishing features of an LP (as opposed to more mathematical programming models) is The problem has an objective function and constraints All functions in the problem are linear Optimal values for the decision variables are produced All of the above 13. In an LP maximization model The objective function is maximized The objective function is maximized and then it is determined whether or not this occurs at an allowable decision The objective function is maximized over the allowable set of decisions None of the above

14. All variables in the solution of a linear programming problem are either positive or zero because of the existence of: An objective function Structural constraints Limited resources None of the above 15. Which of the following is not a major requirement of a linear programming problem? Their must be alternative courses of action among which to decide An objective for the firm must exist The problem must be of the maximization type Resources must be limited 16. Which of the following assertions is true of an optimal solution to an LP? Every LP has an optimal solution The optimal solution uses all resources If an optimal solution exists, there will always be at least one of a corner The optimal solution always occurs at an extreme point All of the above 17. An Iso-profit contour represents An infinite number of feasible points, all of which yield the same profit An infinite number of optimal solution An infinite number of decisions, all of which yields the same profit Non of these 18. Mathematical model of LP problem is important because It helps in converting the verbal description and numerical data in to mathematical expression Decision-makers prefer to work with formal models It captures the relevant relationship among decision factors It enables the use of algebraic technique 19. The distinguishing feature of an LP model is Relationship among all variables is linear It has single objective function and constraint Value of decision variables is non-negative All of the above

20. Before formulating a formal LP Model, it is better to Express each constraint in words Express the objective function in words Decision variables are identified verbally All of the above 21. Each constraint in an LP model is expressed as an Inequality with = sign Inequality with = sign Equation with = sign None of the above 22. Maximization of objective function in LP model means Value occurs at allowable set of decisions Highest value is chosen among allowable decision Neither of the above Both 1 and 2 23. Which of the following is not a characteristic of LP Alternative courses of action An objective function of maximization type Limited amount of resources Non-negativity condition on the value of decision variables 24. The graphical method of LP problem uses Objective equation Constraint equations Linear equations All of the above 25. A Feasible solution to an LP problem Must satisfy all of the problems constraints simultaneously Need not satisfy all of the constraints, only some of them Must be a corner point of the feasible region Must optimize the value of the objective function 26. Which of the following statements is true with respect to the optimal solution of an LP problem Every LP problem has an optimal solution Optimal solution of an LP problem always occurs at an extreme point

A optimal solution all resources are used completely If an optimal solution exists, there will always be at least once at a corner 27. If an Iso-profit line yielding the optimal solution coincides with a constraint line, then The solution is unbounded The solution is infeasible The constraint, which coincides, is redundant None of the above 28. While plotting constraints on a graph paper, terminal points on both the axes are connected by a straight line because The resources are limited in supply The objective is a linear function The constraints are linear equations or inequalities All of the above 29. A constraint in an LP model becomes redundant because Two Iso-profit lines may be parallel to each other The solution is unbounded This constraint is not satisfied by the solution values None of the above 30. If two constraints do not intersect in the positive quadrant of the graph; then The problem is infeasible The solution is unbounded One of the constraints is redundant None of the above 31. Constraints in LP problem are called active if they Represent optimal solution At optimality do not consume all the available resources Both of 1 and 2 None of the above 32. The solution space (region) of an LP problem is unbounded due to An incorrect formulation of the LP model Objective function is unbounded Neither 1 nor 2 Both 1 and 2