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BA424 EXAM 1 LATESTUPDATE
The systematic process of selecting, supporting, and managing a firm's collection of
projects is called: - Answer Project portfolio management
Which of these statements about internal rate of return analysis is BEST?
A) If the IRR is less than the company's required rate of return, the project is worth
funding
B) Projects having lower IRR are generally superior to those having higher IRR
C) IRR and NPV calculations always make the same investment recommendations
D) If net outflows follow a period of net inflows, IRR may give conflicting results. -
Answer D
What is span of refers to? - Answer The number of employees one person supervises
(T/F) Projects, rather than repetitive tasks, are now the basis for most value-added in
business. - Answer True
The acronym PMBoK stands for - Answer The project management body of knowledge
Which of the following is NOT an element of strategic movement?
A) Formulating cross-functional decisions
B) Implementing cross-functional decisions
C) Evaluating cross-functional decisions
D) Eliminating cross-functional decisions - Answer D
One project factor that directly impacts a firm's internal operations is the: - Answer
Need to develop employees
The behavioral side of PM emphasizes - Answer Leadership
Jon Drone toils endlessly at Hurts Corp. on his routine assignment and also on a number
of project teams. His annual evaluation features input from his line manager and each of
the project managers, all of whom have equal say in how his 12-hour work day is
partitioned. Jon Drone is employed by a: - Answer Matrix organization
Multiple project environments thrive on - Answer Improvisation by project teams
, Risk taking can be encouraged in an organization by: - Answer Avoiding the inclination
to punish failure
Regardless of which selection method a firm uses, it should always: - Answer Be
objective in their selection method
Which of the following is accomplished through project management?
A) A cellular phone company activates a new customer's service
B) An automotive manufacturer produces a day's quota of vehicles
C) A software developer creates a new crash-proof operating system.
D) A retailer restocks the shelves after a day of brisk sales. - Answer C
The management department at the university decides to add a new program in
restaurant, hotel, and institutional management. As part of the groups development
process they hold focus to groups consisting of area business leaders, current and
former students, and restaurant and hotel owners. These groups can be described as: -
Answer Stakeholders.
The efficient frontier in project management is the set of portfolio options that offer -
Answer A maximum return for a minimum risk
Which personality trait is a poor match for project work?
A) Introverted
B) Outgoing
C) Gregarious
D) People-orientated - Answer A
A principle cause of portfolio underperformance is: - Answer Scarce resources
The period of time that is ideal to achieve the success of a new product is the: - Answer
Launch window
The belief that organizations can sometimes gain tremendous benefit from creating a
fully dedicated project organization is captured by the term: - Answer Heavyweight
project organization
Recent research in organizational leadership declares that the new project leader
generates and sustains - Answer Trust
A project manager puts on his "nontraditional hat" and smoothly works the room,
networking among functional managers and attempting to secure their cooperation with
the project. This nontraditional role is best described as that of a(n): - Answer Politician
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