Fill in the blank. The _____ is the difference between the additional money spent on 

prevention and the corresponding reduction in the cost of failure.

Select one:

a. cost-benefit analysis

b. implicit cost

c. cost of quality

d. variable cost

e. cost-utility analysis

1 Answer

Answer :

c. cost of quality

Related questions

Description : Fill in the blank. Risk must be considered in the _____ phase and weighed against  the potential benefit of the project’s success in order to decide if the project should  be chosen. Select one: a. completion b. closeout c. execution d. planning e. initiation

Last Answer : e. initiation

Description : Which of the following is a quality management system that gives titles to specialists and requires a cost-benefit analysis? Select one: a. Lean accounting b. Business process re-engineering c. Kaizen d. Six Sigma e. Total Quality Management

Last Answer : d. Six Sigma

Description : Fill in the blanks. It is during the ______________ phase that the decision should be  made regarding whether the project should continue. During this phase, ____________  must be considered and weighed ... . closeout, resources c. execution, performance d. planning, timing e. initiation, risk

Last Answer : e. initiation, risk

Description : Fill in the blank. A __ represents the sequence of the activities needed to  complete the project. Select one: a. work break down structure b. scope of work c. project logic diagram d. run chart e. step change

Last Answer : c. project logic diagram

Description : Fill in the blank. During the _________ of a project, the project manager focuses on  developing the project infrastructure needed to execute the project and developing  clarity around the project charter and scope. ... one: a. completion b. start-up c. execution d. evaluation e. selection

Last Answer : b. start-up

Description : Fill in the blank. Risk represents the likelihood that an event will happen during  the life of the project that will negatively affect the ________________ of project goals. Select one: a. scope creep b. achievement c. float d. rough order of magnitude e. slack

Last Answer : b. achievement

Description : Fill in the blank. Work breakdown structure (WBS) is a ______________ of the work  with increasing detail in each layer. Select one: a. layered description b. step change c. ballpark estimate d. project execution plan e. project logic diagram

Last Answer : a. layered description

Description : Fill in the blank. There is _______ correlation between project complexity  and project risk. Select one: a. an unknown b. a positive c. no d. a negative e. a general

Last Answer : b. a positive

Description : Fill in the blank. During the _________ of a project, the project manager  focuses on developing the project infrastructure needed to execute the  project and developing clarity around the project charter and scope. ... one: a. completion b. start-up c. execution d. evaluation e. selection

Last Answer : b. start-up

Description : What is the most critical aspect in developing a project plan that meets project  specifications within the timeframe and at the lowest costs? Select one: a. Assessing risk management b ... business partners e. Developing a project execution plan that matches the complexity level of the project

Last Answer : e. Developing a project execution plan that matches the complexity level of the project

Description : Once the project is approved and moves into the planning stage, what  happens in the next phase of the project life cycle? Select one: a. Agreements for risk sharing need to be concluded. ... activities. e. A risk response plan can be used to identify increasing levels of detailed risk analysis

Last Answer : d. Risks are identified with each major group of activities.

Description : A(n) _ is a review of the quality plan, procedures, data collection, and analysis by  an outside group. Select one: a. scope document b. project appraisal c. cost performance index d. analogous estimate e. quality audit

Last Answer : e. quality audit

Description : Fill in the blank. Crashing refers to when the task duration’s are __ along the  critical path to meet the project completion date. Select one: a. scope creep b. floated c. slack d. compressed e. expedited

Last Answer : d. compressed

Description : According to the Project Management Institute (PMI), project  management is defined as the application of knowledge, _____, _____, and  techniques to project activities to meet the project requirements . Select ... b. tools, analysis c. analysis, theories d. skills, tools e. skills, theories

Last Answer : d. skills, tools

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 : Which from the following is NOT an intangible element? (A) Utility (B) Public benefit (C) Brand recognition (D) Good will

Last Answer : (A) Utility

Description : When developing a project's scope statement, which of the following should not be  included? 1. Project justification.  2. Cost/benefit analysis  3. Project deliverables  4. Measurable objectives

Last Answer : 1. Project justification.

Description : Once the project is approved and moves into the planning stage, what happens  in the next phase of the project life cycle? Select one: a. Agreements for risk sharing need to be concluded. ... activities. e. A risk response plan can be used to identify increasing levels of detailed risk analysis

Last Answer : d. Risks are identified with each major group of activities.

Description : The difference between accounting profits and economic profits is: A. Implicit Cost B. explicit costs C. Fixed Costs D. Variable Costs

Last Answer : ANSWER: A

Description : Machine down Machine down time is time is an example of an example of which type of which type of quality cost? quality cost? a. Prevention b. Appraisal Appraisal c. Internal-failure d. External-failure

Last Answer : c. Internal-failure

Description : What kind of quality cost is incurred when an error is detected in a product prior to shipment? a) Prevention b) Internal Failure c) External Failure d) Appraisal

Last Answer : Ans: b

Description : Petri is working for Nokia in Finland. He has completed 10 months of his 12-month project, budgeted at $800,000. His earned value analysis shows that variance at  completion is $75,000. What is the estimate at completion value ... : a. 725,000 b. -725,000 c. -$875,000 d. $875,000 e. $800,000

Last Answer : d. $875,000

Description : Complete the following statement. As the project progresses into the  execution phase: Select one: a. risks need to be checked off on activities that have been performed. b. the total risk on ... risk breakdown structure needs to be examined to be sure all the risk events have  been avoided.

Last Answer : a. risks need to be checked off on activities that have been performed.

Description : According to the PMBOK guide, which of the following statements is  right in terms of using reserve analysis to determine a project budget? Select one: A. Reserve analysis always plans ... not practical. E. Contingency reserves have never been a concern when planning a project budget.

Last Answer : A. Reserve analysis always plans contingency reserves for unexpected project scope and  project costs, which are part of your project budget.

Description : Amount of work completed to date compared with planned in the Earned Value  Management method is  A. Schedule Performance Index  B. Cost Performance Index  C. Percentage Complete  D .Percentage Spent

Last Answer : C. Percentage Complete

Description : A cost performance index (CPI) of 0.89 means:  A. At this time, we expect the total project to cost 89 percent more than planned  B. When the project is completed we will have spent 89 ... at 89 percent of the rate planned  D. The project is only getting 89 cents out of every dollar invested

Last Answer : D. The project is only getting 89 cents out of every dollar invested

Description : The time corresponding to minimum total project cost is  A. crash time B. normal time C. optimistic time D. between normal time and crash time

Last Answer : D. between normal time and crash time

Description : The time corresponding to minimum total project cost is  A. crash time B. normal time C. optimistic time

Last Answer : D. between normal time and crash time

Description : Which one of the following does project change control primarily seek to ensure? a. All variance to the project scope is evaluated. b. No reduction in the perceived quality of the project outcome. ... project do not increase. d. Any decrease in the scoped deliverable of the project is rejected.

Last Answer : a. All variance to the project scope is evaluated.

Description : Which one of the following does project change control primarily seek to ensure?  a. All variance to the project scope is evaluated.  b. No reduction in the perceived quality of the project outcome ... project do not increase.  d. Any decrease in the scoped deliverable of the project is rejected

Last Answer : a. All variance to the project scope is evaluated.

Description : The following apply to use of spironolactone in CHF except: A. It is indicated only in NYHA class III/IV cases as additional drug to conventional therapy B. It affords prognostic benefit in ... by ACE inhibitors C. It helps overcome refractoriness to diuretics D. It affords rapid symptomatic relief

Last Answer : D. It affords rapid symptomatic relief

Description : Match the following types of variables with the corresponding programming languages: (a) Static variables (i) Local variables in Pascal (b) Stack dynamic (ii) All variables in APL (c) Explicit heap dynamic (iii) Fortran 77 (d) Implicit ... (ii) (C) (iii) (i) (iv) (ii) (D) (ii) (i) (iii) (iv)

Last Answer : (C) (iii) (i) (iv) (ii) 

Description : Which of the following is the most efficient means of product quality inspection? 1. Acceptance sampling  2. 100% inspection  3. Variable sampling  4. a and c

Last Answer : 3. Variable sampling

Description : The process of assigning values for the time and effort needed to perform a system  project is called _____.  a. analysis  b. estimation  c. identifying  d. planning

Last Answer : b. estimation

Description : Which of the following costs is related to marginal cost? (1) Variable Cost (2) Implicit Cost (3) Prime Cost (4) Fixed Cost

Last Answer : (1) Variable Cost Explanation: In economics, marginal cost is the change in the total cost that arises when the quantity produced is Incremented by one unit. That is, it is the cost of producing one more ... in the short run. It is only the variable costs that vary with output in the short run.

Description : Transfer earning or alternative cost is otherwise known as - (1) Variable cost (2) Implicit cost (3) Explicit cost. (4) Opportunity cost

Last Answer : (4) Opportunity cost

Description : Which of the following costs is related to marginal cost? (1) Variable Cost (2) Implicit Cost (3) Prime Cost (4) Fixed Cost

Last Answer : Variable Cost 

Description : Transfer earning or alternative cost is otherwise known as (1) Variable cost (2) Implicit cost (3) Explicit cost (4) Opportunity cost (economic cost) 

Last Answer : Opportunity cost (economic cost)

Description :  Root Cause Analysis relates to: A. Process Analysis B. Quality Audits C. Quality Control Measurements D. Performance Measurements

Last Answer : A. Process Analysis

Description : Process Analysis is a function of: A. Performance Analysis B. Quality Metrics C. Process Improvement Plan D. Quality Improvement Plan

Last Answer : C. Process Improvement Plan

Description : Root Cause Analysis relates to: A. Process Analysis B. Quality Audits C. Quality Control Measurements D. Performance Measurements

Last Answer : A. Process Analysis

Description : Process Analysis is a function of: A. Performance Analysis B. Quality Metrics C. Process Improvement Plan D. Quality Improvement Plan

Last Answer : C. Process Improvement Plan

Description : Quality control in the final analysis is : 1. using the technical procedures of monitoring project results to decide if the outputs meet  the requirements  2. a production system  3. an inspection system  4. fitness for purpose

Last Answer : 1. using the technical procedures of monitoring project results to decide if the outputs meet  the requirements

Description : Do it because I said to” is the mantra for project managers who use _____ as the  default approach to resolve conflict. Select one: a. collaborating b. compromising c. accommodating d. forcing e. avoiding

Last Answer : d. forcing

Description : As a new project manager, Karen was worried about a statement from  her client: your project deliverable is in low quality with low grade .  According to PMBOK, how can you help Karen ... quality with high grade is always desirable to your client. e. High quality always  represents high grade.

Last Answer : c. Low quality represents a true problem, but low grade might not be the case.

Description : Which of the following is true?  A. Discounted cash flow analysis is the least precise of the cash flow techniques, because  it does not consider the time value of money. B. NPV is ... least precise of the cash flow analysis techniques, because it assumes  reinvestment at the cost of capital.

Last Answer : C. Payback period is the least precise of the cash flow analysis techniques, because it  does not consider the time value of money.

Description : Fill each blank with the suitable country:'I am _______.' 'Maybe you should _____ the fridge.' 'I'm _______ to the kitchen.' 'Is there any ______?' 'We have some, but it's covered in ______' 'Ew, there's ______I'd eat that!' -Riddles

Last Answer : “I am hungary.” “Maybe you should czech the fridge.” “I’m russian to the kitchen.” “Is there any turkey?” “We have some, but it’s covered in greece” “ew, there’s norway I’d eat that!”

Description : what- Fill in the blank in the statement below._____ Congruence is used in triangulation?

Last Answer : angle- side angle