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2025 LATEST MGMT404 FINAL COMPREHENSIVE EXAM NEWEST ACTUAL EXAM COMPLETE WITH QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+ $28.49
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2025 LATEST MGMT404 FINAL COMPREHENSIVE EXAM NEWEST ACTUAL EXAM COMPLETE WITH QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+
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2025 LATEST MGMT404 FINAL COMPREHENSIVE EXAM NEWEST ACTUAL EXAM COMPLETE WITH QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+

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  • June 26, 2024
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  • 2023/2024
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  • mgmt404 final comprehensive exam newest
  • mgmt404 final comprehensive exam newest 2025
  • mgmt404 final comprehensive exam

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MGMT404 FINAL COMPREHENSIVE EXAM
NEWEST 2024-2025 ACTUAL EXAM
COMPLETE WITH QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+
Which of the following examples is NOT a typical or appropriate situation to employ project
management?

a. processing deposits and withdrawals in a bank
b. installing a new accounting application on a server
c. improving a soldering process in an assembly line
d. developing a new medical device for use by clinics
a. processing deposits and withdrawals in a bank


Project/Criteria & Weight: New Products10 Customer Relations 6 Supplier Relations7 Success
Probability5 Weighted TotalScore Project A 550 318 321 315 104 Project B 330 424 535 420 109
Project C 330 424 321 210 85 Project D 220 212 535 315 82

Figure 2-1 Project Selection and Prioritization Matrix

Consider the information provided in Figure 2-1. Based on the results in the project selection
and prioritization matrix, which project would you select if you were limited to selecting only
one project?

a. Project B
b. Project A
c. Project D
d. Project C
a. Project B


This document summarizes why the project is important by describing the benefits of a selected
component, and is used as a basis for authorizing further project management activities:

,a. guiding principle
b. program management plan
c. business case
d. SWOT analysis
c. business case


All of the following criteria serve as a valid basis for identifying potential projects in most
organizations EXCEPT:

a. environmental consideration
b. social need
c. internal politics
d. technological advance
c. internal politics


In contrast to a legal contract, the parties to a signed project charter feel obligated to the spirit
(as opposed to the letter) of the charter since the project details have not yet been worked out
and the specifics will certainly change.
a. True b. False
a. True


Risks, assumptions and constraints are included in the project charter so that key participants
will be aware of what could prevent them from successfully completing the project.
a. True b. False
a. True


In reality, many projects are fully successful in some ways, but less successful in others.
a. True b. False
a. True


Which of the following statements correctly describes project management?

a. Project management should not involve tradeoffs between scope, schedule and cost.
b. Project management only relies upon checklists to plan and execute the work.
c. Project management's goal is to maintain efficiency of ongoing operations.
d. Project management uses knowledge, skills, tools and techniques to meet stakeholder needs
and expectations
d. Project management uses knowledge, skills, tools and techniques to meet stakeholder needs
and expectations

, Scope Management, one of the 10 PMBOK Guide Knowledge Areas, includes the processes to
manage timely completion of the project.
a. True b. False
b. False


A background statement is often added to a project charter to help stakeholders better
understand the rationale and purpose behind the scope overview and business case.
a. True b. False
a. True


Typically, the senior customer representative is responsible for which of the following project
roles?

a. determines how the project work will be accomplished
b. helps the project manager with running meetings and providing status reports
c. develops the project schedule and budget
d. ensures requirements are clear and communications are maintained throughout the project
d. ensures requirements are clear and communications are maintained throughout the project


During project charter creation there is typically a very general understanding of the project, so
any budget included is approximate and should be called a preliminary budget with a
corresponding confidence level for this estimate.
a. True b. False
a. True


All of the following represent appropriate sources to identify new potential projects EXCEPT:

a. industry and trade journals
b. existing and potential customers
c. the operations staff within the organization
d. lessons learned from previous projects
d. lessons learned from previous projects


When a contractor seeking external projects prepares to submit a proposal, it is really
conducting a small project with the primary deliverable of the project being a compelling and
complete proposal.
a. True b. False

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