1460. Depreciation on plant equipment, salaries of plant managers and plant leasing costs are considered a

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A. fixed batch cost
B. variable batch cost
C. variable overhead cost
D. fixed overhead cost
✅ The correct answer is option D.
Depreciation on plant equipment, salaries of plant managers and plant leasing costs are considered a fixed overhead cost. Fixed overhead costs are costs that do not change even while the volume of production activity changes. Fixed costs are fairly predictable and fixed overhead costs are necessary to keep a company operating smoothly.

1457. MICR magnetic ink character recognition used in ________.

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A. Office
B. Banks
C. Corporate
D. Admin
✅ The correct answer is option B.
MICR magnetic ink character recognition used in Banks. Magnetic ink character recognition code, known in short as MICR code, is a character recognition technology used mainly by the banking industry to streamline the processing and clearance of cheques and other documents.

1454. In strategy formulation, forces that must be focused for industry analysis include

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A. potential entrants in market
B. customer’s bargaining power
C. supplier’s bargaining power
D. all of above
✅ The correct answer is option D.
In strategy formulation, forces that must be focused for industry analysis include potential entrants in market, customer’s bargaining power and supplier’s bargaining power.

1451. Method, which calculates time to recoup initial investment of project in form of expected cash flows is known as

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A. net value cash flow method
B. payback method
C. single cash flow method
D. lean cash flow method
✅ The correct answer is option B.
Method, which calculates time to recoup initial investment of project in form of expected cash flows is known as payback method. The payback period refers to the amount of time it takes to recover the cost of an investment. Simply put, the payback period is the length of time an investment reaches a breakeven point.

1448. In a large organization, strategic management activities occur at what level(s)?

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A. Corporate and divisional
B. Functional, business and corporate
C. Strategic business unit
D. Divisional
✅ The correct answer is option B.
In a large organization, strategic management activities occur at Functional, business and corporate. Strategy formulation, implementation, and evaluation activities occur at three hierarchical levels in a large organization: corporate, divisional or strategic business unit, and functional.

1445. In simplex method, we add _____________ variables in the case of ‘=’.

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A. Slack Variable
B. Surplus Variable
C. Artificial Variable
D. None of the above
✅ The correct answer is option C.
In simplex method, we add artificial variable variables in the case of ‘=’. In order to use the simplex method on problems with mixed constraints, we turn to a device called an artificial variable. This variable has no physical meaning in the original problem and is introduced solely for the purpose of obtaining a basic feasible solution so that we can apply the simplex method.

1442. If the feasible region of a LPP is empty, the solution is ______________.

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A. Infeasible
B. Unbounded
C. Alternative
D. None of the above
✅ The correct answer is option A.
If the feasible region of a LPP is empty, the solution is infeasible. A linear program is infeasible if there exists no solution that satisfies all of the constraints — in other words, if no feasible solution can be constructed. Since any real operation that you are modelling must remain within the constraints of reality, infeasibility most often indicates an error of some kind. Simplex-based LP software like lp_solve efficiently detects when no feasible solution is possible.

Suppliers and demanders of long term investment funds are work closely in

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A. bond markets
B. classical set markets
C. open end markets
D. close end markets
✅ The correct answer is option A.
Suppliers and demanders of long term investment funds are work closely in bond markets. The bond market is the environment in which the issuance and trading of debt securities occur.

1438. The operations Research technique which helps in minimizing total waiting and service costs is.

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A. Queuing Theory
B. Decision Theory
C. Both A and B
D. None of the above
✅ The correct answer is option A.
The operations Research technique which helps in minimizing total waiting and service costs is Queuing Theory. Queuing theory (or “queueing theory”) examines every component of waiting in line to be served, including the arrival process, service process, number of servers, number of system places, and the number of customers—which might be people, data packets, cars, etc.