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Management Operations Research Difficulty: Medium

Operational research models include

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Linear Programming technique is used to allocate scarce resources in an optimum manner in problems of ______________ ? Match the following. List-I List-II a. Perfect market 1. Close relationship between the wage setting and the allocation of labour b. The Neo-classical market 2. Buyers and sellers are free to make an entry or exist any time c. Natural market 3. Policies of trade unions, employers and the government influence wage movements d. The Institutional market 4. Imperfections and inequality exists in the market e. The Management market 5. Workers are innocent and ignorant Match the following List-I List-II a. ISO-9000 1. Guidelines for Selection b. ISO-9001 2. Production c. ISO-9002 3. Quality Assurance in Production d. ISO-9003 4. Test Risk which arises all activities from contingent liabilities and assets is considered as An example of direct engineered cost is