Description : Following is(are) the responsibility(ies) of the project manager. (A) Budgeting and cost control (B) Allocating resources (C) Tracking project expenditure
Last Answer : (C) Tracking project expenditure
Description : Following is(are) the responsibility(ies) of the project manager. (A)Budgeting and cost control (B)Allocating resources (C)Tracking project expenditure (D)All of the above
Last Answer : (D)All of the above
Description : What is the best description for an implied warranty?
Last Answer : A merchant's agreement that a product will function in the manner expected compared to other similar goods.
Description : As per the doctrine of caveat emptor incorporated in Section 16, there is no implied conditions or warranty in a contract of sale as to the A. Merchantability. B. Wholesomeness. C. Quality or fitness for buyer's purpose. D. None of these.
Last Answer : C. Quality or fitness for buyer's purpose.
Description : According to implied ' warranty as to quiet possession' it is presumed that the buyer shall have the A. Peaceful possession of the goods. B. Right to use the goods as an owner. C. Both D. None of these
Last Answer : C. Both
Description : )Quality costs include : 1. the total of all costs incurred to assure the production and delivery of acceptable products and services. 2. Only costs classified as prevention, detection and ... rework due to defects, customer returns and warranty costs. 4. The expense of upper management
Last Answer : 1. the total of all costs incurred to assure the production and delivery of acceptable products and services.
Description : The advantage of following the IEEE Standard for drawing up a Project Management Plan (SPMP) - see IEEE Standard 1059.1 1987 - is a) It is drawn up by representatives from major ... each organisation for a particular applicationarea, development team or technique. e) All of the above.
Last Answer : e) All of the above.
Description : Thomas Jefferson’s belief that government can do only what the Constitution specifically says is known as loose construction. implied powers. necessary and proper powers. express powers.?
Last Answer : Implied Powers
Description : Partnership may come into existence by– (A) The operation of law (B) An express agreement only (C) An express or implied agreement only (D) Inheritance of property
Last Answer : Answer: An express or implied agreement only
Description : Management assertions are a. Stated in the footnotes to the financial statements. b. Provided to the auditor in the assertions letter, but are not disclosed in the financial ... the accounts in the financial statements. d. Explicitly expressed representations about the financial statements
Last Answer : Implied or express representations about the accounts in the financial statements.
Description : Which of the following types of conditions and warranties are covered by the Sale of Goods Act, 1930? A. Express B. Implied C. Both (a) and (b) D. Only (b)
Last Answer : C. Both (a) and (b)
Description : Where a contract has to be inferred from the conduct of parties, it is called A. Express contract. B. Implied contract. C. Tacit contract. D. Unlawful contract
Last Answer : B. Implied contract.
Description : A ______ is a contract to person the promise or to discharge a liability of a third person in case of his default. a) Contract of indemnity b) contract of guarantee c) Implied contract d) express contract
Last Answer : b) contract of guarantee
Description : Offer implied from conduct of parties or from circumstances of the case is called ........... (a) Implied offer (b) Express offer (c) General offer (d) Specific offer
Last Answer : (a) Implied offer
Description : An offer made by words spoken or written is called: (a) Implied offer (b) Express offer (c) Formal agreement (d) Informal agreement
Last Answer : (b) Express offer
Description : Drawing cash from ATM, sale by fall of hammer at an auction sale, etc., are example of (a) express contract. (b) implied contract. (c) tacit contract. (d) unlawful contract.
Last Answer : (b) implied contract.
Description : ……………… is made by words written. (a) Express contract (b) Implied contract (c) Tacit contract (d) Unlawful contract
Last Answer : (a) Express contract
Description : A preferred provider organization is described as a a) Business arrangement between hospitals and physicians. PPO's usually contract to provide health care to subscribers, usually businesses, for a ... savings account program is an incentive program to consumers, not a health care delivery system.
Last Answer : a) Business arrangement between hospitals and physicians. PPO’s usually contract to provide health care to subscribers, usually businesses, for a negotiated fee that often is discounted.
Description : What are the types of express guarantees? 1. Design/ mechanical 2. Field workmanship 3. Common Work 4. Length of service 5. a and b
Last Answer : 5. a and b
Description : Which of the following best describes a project environment? a. The type of organization concerned with implementation. b. The structured method used to control the project. c. The context within which a project is undertaken. d. An understanding of the risks involved in the project.
Last Answer : c. The context within which a project is undertaken.
Description : Which of the following best describes a project environment? a. The type of organisation concerned with implementation. b. The structured method used to control the project. c. The context within which a project is undertaken. d. An understanding of the risks involved in the project.
Description : One of the reasons a project life cycle is split into phases is to: a. facilitate formal go/no-go decision making during the project. b. balance the costs of work in each phase of ... the major deployments of resources throughout the project. d. chunk work into time periods of similar durations.
Last Answer : a. facilitate formal go/no-go decision making during the project.
Description : Which of the following statements is true regarding contracts? Select one: a. They are the filters through which project members screen information that is shared. b. They do not lend ... information-rich environment will suffer. e. Contracts promote the growth of a trusting project culture.
Last Answer : b. They do not lend themselves to create an environment of trust.
Description : Complete the following statement. In a weak matrix environment, the project manager, Eric, has to constantly make an effort to influence his project team and stakeholders to ensure project success. ... managers. d. there are no functional managers. e. Eric has flexibility on authority.
Last Answer : b. Eric has no or little authority.
Description : What is considered to be the most useful skill for a project manager who works in a matrix environment in order to achieve project goals? Select one: a. Leadership skill b. Influencing c. Conflict management skill d. Time management e. Planning skill
Last Answer : b. Influencing
Description : Diversity management is a management strategy to promote and maintain a ____ environment in the organization
Last Answer : Ans. Positive workplace
Description : The function of project initiation is to describe all the parameters of a project and establish the suitable project management and excellence environment necessary to complete the project. (True/False)
Last Answer : Ans. True
Description : To maximize returns in the current cut-throat competitive environment, it is vital to manage the ____ effectively.
Last Answer : Ans. Projects
Description : Why is Requirements Management Important ? It is due to the changes a) to the environment b) in technology c) in customer’s expectations d) in all of the mentioned.
Last Answer : d) in all of the mentioned.
Description : From a contract management perspective, the project manager must consider the: 1. acquisition process 2. contract administration 3. ecological environment 4. offer, acceptance, and consideration 5. a and b
Description : To successfully motivate a team in today's high tech - high demand environment, which motivational theories should the PM use to maintain a happy, productive team? 1. Expectancy and Theory X ... 3. Theory Y, Expectancy and Herzberg's Hygiene Factors 4. Herzberg's Hygiene Factors and Expectancy
Last Answer : 3. Theory Y, Expectancy and Herzberg's Hygiene Factors
Description : Changes to the project involve moving from: A. Project control stage to project definition stage B. Project control stage to project planning stage C. Project control stage to understanding the project environment stage D. None of the above
Last Answer : A. Project control stage to project definition stage
Description : Projects provide an excellent growth environment for future executives and for developing A. Sales skills B. Manufacturing skills C. Managerial skills D. Execution skills
Last Answer : C. Managerial skills
Description : Nature of interrelationships between components in a system defines the A. Function of system B. Structure of system C. Environment of system D. Platform of system
Last Answer : B. Structure of system
Description : Even though a firm may have stated list prices and discount structures, the customer may pay an even lower price through what type of pricing? A)Open bidding B)Administered pricing C)Sealed bidding D)Negotiated pricing
Last Answer : D)Negotiated pricing
Description : When Fred Middleton asks the Cannon salesperson how much a desktop bond copier is going for these days, the salesperson looks in his price book and quotes Fred the firm's published price for the unit. ... , Cannon is using which type of pricing? A)Open bid B)Sealed bid C)Administered D)Negotiated
Last Answer : C)Administered
Description : A representative from Coca-Cola automatically stops by a local fast-food outlet once a month to determine how much soft-drink syrup the store will need. This is an example of which type of organisational purchase: A)new-task B)modified rebuy C)straight rebuy D)negotiated
Last Answer : C)straight rebuy
Description : Which one is a true statement relating to project communications? a. A project sponsor is responsible for all communication methods and media. b. Different stakeholders typically have different communication needs ... project. d. Email is the only way to communicate with large numbers of people.
Last Answer : b. Different stakeholders typically have different communication needs.
Description : Which of the following statements about flowcharts is true? Select one: a. Most flowcharts use one width of column to represent a category, while the vertical axis represents the ... used to identify trends. e. Flowcharting is useful for communicating responsibility for work processes.
Last Answer : e. Flowcharting is useful for communicating responsibility for work processes.
Description : ____ structures are typically used in businesses that primarily sell and produce standard products and seldom conduct external projects.
Last Answer : Ans. Functional-type organisation
Description : The time with which direct cost does not reduce with the increase in time is known as A.crash time B.normal time C.optimistic time D.standard time
Last Answer : B.normal time
Description : Which one is a true statement relating to project communications? A. A project sponsor is responsible for all communication methods and media. B.Different stakeholders typically have different communication ... project. D. Email is the only way to communicate with large numbers of people
Last Answer : B.Different stakeholders typically have different communication needs
Description : Unlike traditional Work Breakdown Structures (WBS), evolutionary WBSs are a. organized in a standard manner across all projects b. created in an iterative and incremental manner c. designed so one can compare the current project to past projects d. all of the above e. none of the above
Last Answer : d. all of the above
Description : Adding people to a project team in order to speed up total development time _____. a. is a standard task in timeboxing b. is a useful way to meet a tight deadline c. may actually increase total development time d. simplifies communication within the team e. none of the above
Last Answer : c. may actually increase total development time
Description : A(n) ____________ is a measure of program size based on the number and complexity of inputs, outputs, queries, files, and program interfaces. a. function point b. line of code c. project plan d. standard module e. workplan
Last Answer : a. function point
Description : Which one is a true statement relating to project communications? a. A project sponsor is responsible for all communication methods and media. b. Different stakeholders typically have different communication ... project. d. Email is the only way to communicate with large numbers of people.
Description : A project planning methodology is any structured approach used to guide the project team during development of the project plan. What is an example of this methodology? 1. Standard forms or templates. 2. Upper management involvement 3. Functional work authorizations 4. Stakeholders skills
Last Answer : 1. Standard forms or templates.
Description : Political unrest, budget overruns, size and complexity of the project Answer: B (8)Decision trees are best used for : 1. Determining the interaction of the amount at stake and the expected ... and the associated events 4. A flow chart which determines the standard deviation of the risk event
Last Answer : 3. An illustration of how to see the interactions between decisions and the associated events