McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Business Administration (BBA) , Bachelor of Management Studies (BMS) .
| 201. |
Costs that are not directly related to the products or services of the project, but are indirectly related to performing the project. |
| A. | Intangible Costs |
| B. | Sunk Cost |
| C. | Tangible Costs |
| D. | Indirect Costs |
| Answer» D. Indirect Costs | |
| 202. |
Relationship based on unrelated level of activity and past data of cost is measured with help of |
| A. | cost estimation |
| B. | price estimation |
| C. | unit estimation |
| D. | production estimation |
| Answer» A. cost estimation | |
| 203. |
In estimation of cost functions, variations in a single activity level represents the |
| A. | related total costs |
| B. | related fixed cost |
| C. | related variable cost |
| D. | related per unit cost |
| Answer» A. related total costs | |
| 204. |
The latest finish time for an activity: |
| A. | Equals the min. of LFT − t for all immediate successors |
| B. | Equals the max. of LFT − t for all immediate predecessors. |
| C. | Equals the max. of EST + t for all immediate predecessors. |
| D. | Equals the min. of EST + t for all immediate successors. |
| Answer» A. Equals the min. of LFT − t for all immediate successors | |
| 205. |
Which of the following statements is true? |
| A. | PERT is considered as a deterministic approach and CPM is a probabilistic techniques. |
| B. | PERT is considered as a probabilistic techniques and CPM is considered as a deterministic approach. |
| C. | PERT and CPM are both probabilistic techniques. |
| D. | PERT and CPM are both considered as deterministic approachs. |
| Answer» B. PERT is considered as a probabilistic techniques and CPM is considered as a deterministic approach. | |
| 206. |
In corporate costs, cost incurred to finance construction of new equipment are classified as |
| A. | treasury costs |
| B. | discretionary costs |
| C. | human resource management costs |
| D. | corporate administration costs |
| Answer» A. treasury costs | |
| 207. |
An uncertain event or condition that, if it occurs, has a positive or negative effect on a project objectives is termed. |
| A. | Random Chance |
| B. | Disaster |
| C. | Risk |
| D. | Hazard |
| Answer» C. Risk | |
| 208. |
The cost impact of a risk event occurring as a project proceeds through its life cycle tends to |
| A. | Slowly rise |
| B. | Slowly drop |
| C. | Drop sharply and then level out |
| D. | Rise sharply and then level out |
| Answer» A. Slowly rise | |
| 209. |
Evaluation process of proposed projects or groups of projects is known as: |
| A. | Project Analysis |
| B. | Project Compilation |
| C. | Project selection |
| D. | Project Documentation |
| Answer» C. Project selection | |
| 210. |
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 |
| Answer» B. Structure of system | |
| 211. |
Listing goals of each existing and proposed project is first step in |
| A. | Data Collection |
| B. | Establishment of Project council |
| C. | Prioritizing the projects |
| D. | Identification of project categories |
| Answer» D. Identification of project categories | |
| 212. |
For any project word objective is held to be synonymous with |
| A. | Fact |
| B. | Option |
| C. | Opinion |
| D. | Assumption |
| Answer» A. Fact | |
| 213. |
Which of these is not one of the constraints of a project? |
| A. | Scope |
| B. | Resources |
| C. | Team |
| D. | Budget |
| Answer» C. Team | |
| 214. |
Which of the following is not correct about initial phase of a project? |
| A. | The cost associated at the beginning of the project is highest. |
| B. | Stakeholders have maximum influence during this phase |
| C. | The highest uncertainty is at this stage of the project. |
| D. | All the above statements are correct. |
| Answer» A. The cost associated at the beginning of the project is highest. | |
| 215. |
Which is the first stage in the project management model? |
| A. | Understanding the project environment |
| B. | Project definition |
| C. | Project control |
| D. | Project planning |
| Answer» A. Understanding the project environment | |
| 216. |
A clear hierarchy of objectives in the project definition would NOT normally contain: |
| A. | The purpose |
| B. | An End result |
| C. | Success criteria |
| D. | Control mechanisms |
| Answer» D. Control mechanisms | |
| 217. |
Which of the following is a factor that influences project selection? |
| A. | Perceived and real needs |
| B. | List of potential and ongoing projects |
| C. | Current organizational environment |
| D. | All of the above |
| Answer» D. All of the above | |
| 218. |
The primary deliverable from the project identification and selection phase is a: |
| A. | schedule of specific IS development projects. |
| B. | Statement of Work. |
| C. | mission statement. |
| D. | design strategy. |
| Answer» A. schedule of specific IS development projects. | |
| 219. |
When classifying and ranking projects, which of the following refers to the amount and type of resources the project requires and their availability? |
| A. | Value chain availability |
| B. | Business placement |
| C. | Resource availability |
| D. | Potential benefits |
| Answer» C. Resource availability | |
| 220. |
When classifying and ranking projects, which of the following refers to the extent to which the project is viewed as helping the organization achieve its strategic objectives and longterm goals? |
| A. | Resource availability |
| B. | Business placement |
| C. | Strategic alignment |
| D. | Potential benefits |
| Answer» C. Strategic alignment | |
| 221. |
During feasibility analysis it is necessary to examine several alternative solutions because
|
| A. | i and iii |
| B. | i and iv |
| C. | i and ii |
| D. | ii and iv |
| Answer» C. i and ii | |
| 222. |
Goals are identified by |
| A. | discussion with all concerned |
| B. | pinpointing unsatisfactory performance |
| C. | finding poor management |
| D. | examining a variety of documents |
| Answer» B. pinpointing unsatisfactory performance | |
| 223. |
By technical feasibility of a solution we mean that |
| A. | technology is available to implement it |
| B. | persons are available to implement it |
| C. | persons have technical ability to implement it |
| D. | funds are available to implement it |
| Answer» A. technology is available to implement it | |
| 224. |
By operational feasibility we mean |
| A. | the system can be operated nicely |
| B. | the system is unusable by operators |
| C. | the system can be adapted by an organization without major disruptions |
| D. | the system can be implemented |
| Answer» C. the system can be adapted by an organization without major disruptions | |
| 225. |
By economic feasibility of a system we mean that |
| A. | it is economical to operate |
| B. | it is expensive to operate |
| C. | it will be cost-effective if implemented |
| D. | finances are available to implement the system and it will be cost – effective |
| Answer» D. finances are available to implement the system and it will be cost – effective | |
| 226. |
The following are the most important points of a detailed system proposal
|
| A. | i, ii and iii |
| B. | i, iii and iv |
| C. | ii, iii and iv |
| D. | ii and iii |
| Answer» C. ii, iii and iv | |
| 227. |
At the end of the feasibility study the systems analyst |
| A. | meets the users for a discussion |
| B. | gives a summary feasibility report to the management |
| C. | gives a systems proposal to management |
| D. | tells the top management if the system is not feasible |
| Answer» B. gives a summary feasibility report to the management | |
| 228. |
The process of determining whether an entrepreneur's idea is a viable foundation for creating a successful business is known as a: |
| A. | feasibility analysis |
| B. | business plan |
| C. | strategic analysis |
| D. | industry analysis |
| Answer» A. feasibility analysis | |
| 229. |
A cost-benefit analysis is performed to assess |
| A. | economic feasibility |
| B. | operational feasibility |
| C. | technical feasibility |
| D. | all of the above |
| Answer» A. economic feasibility | |
| 230. |
The primary objective of cost-benefit analysis is |
| A. | to find out direct and indirect cost of developing the information system |
| B. | to determine the tangible benefits of the information system |
| C. | to determine if it is economically worthwhile to invest in developing the information system |
| D. | to determine the intangible benefits of the information system |
| Answer» C. to determine if it is economically worthwhile to invest in developing the information system | |
| 231. |
The following assumptions are made in case of break even analysis, except |
| A. | All fixed costs are fixed |
| B. | All variable costs are fixed |
| C. | The prices of input factors are constant |
| D. | Volume of production and volumes of sales are equal |
| Answer» B. All variable costs are fixed | |
| 232. |
At breakeven point there is |
| A. | Profit |
| B. | Loss |
| C. | No profit or loss |
| D. | None of these |
| Answer» C. No profit or loss | |
| 233. |
Which of the following should be taken into account when planning a project? |
| A. | Social environment |
| B. | Political environment |
| C. | Operational environment |
| D. | All of the above |
| Answer» D. All of the above | |
| 234. |
Improvement efforts are determined by: |
| A. | Criticality of problems |
| B. | Current performance |
| C. | Priorities for future output |
| D. | All of the above |
| Answer» D. All of the above | |
| 235. |
Performance measurement is: |
| A. | The determination of improvement efforts. |
| B. | The process of quantifying action. |
| C. | The improvement of operations. |
| D. | The planning and control of operations. |
| Answer» B. The process of quantifying action. | |
| 236. |
Performance relating to the five operations’ objectives can be plotted on which type of diagram? |
| A. | Quality |
| B. | Outcome |
| C. | Polar |
| D. | Satisfaction |
| Answer» C. Polar | |
| 237. |
Which kind of standards are those that are set arbitrarily to reflect some level of performance that is regarded as appropriate or reasonable? |
| A. | Competitor performance standards |
| B. | Target performance standards |
| C. | Historical standards |
| D. | Absolute performance standards |
| Answer» B. Target performance standards | |
| 238. |
For a police department, using competitor performance standards, a competitor might be: |
| A. | A fire service |
| B. | A foreign police authority |
| C. | A similar police department |
| D. | All of the above |
| Answer» D. All of the above | |
| 239. |
What approach is used to compare organisation operations with those of other companies? |
| A. | SWOT analysis |
| B. | PERT analysis |
| C. | Benchmarking |
| D. | Competitor performance assessment |
| Answer» C. Benchmarking | |
| 240. |
The origins of benchmarking as it is used today go back to which company? |
| A. | Microsoft |
| B. | Toyota |
| C. | Xerox |
| D. | McDonald’s |
| Answer» C. Xerox | |
| 241. |
A comparison between operations or parts of operations that are within the same total organisation is called: |
| A. | Internal benchmarking |
| B. | Competitive benchmarking |
| C. | Non-competitive benchmarking |
| D. | External benchmarking |
| Answer» A. Internal benchmarking | |
| 242. |
Benchmarking against external organisations that do not compete directly in the same markets is called: |
| A. | Non-competitive benchmarking |
| B. | Collaborative benchmarking |
| C. | Practice benchmarking |
| D. | Non-assault benchmarking |
| Answer» A. Non-competitive benchmarking | |
| 243. |
Which of the following is regarded as a fundamental flaw in the whole concept of benchmarking? |
| A. | It limits improvements to currently accepted methods of operating. |
| B. | It does not involve learning. |
| C. | It limits critical thinking. |
| D. | It is not a continuous process. |
| Answer» A. It limits improvements to currently accepted methods of operating. | |
| 244. |
What matrix positions each factor according to its performance and its importance? |
| A. | Competitive forces matrix |
| B. | Performance importance matrix |
| C. | Importance performance matrix |
| D. | Customer assessment matrix |
| Answer» C. Importance performance matrix | |
| 245. |
What do the letter ‘D’ and ‘I’ stand for in Deming’s cycle of improvement? |
| A. | Design and improve |
| B. | Develop and implement |
| C. | Design and implement |
| D. | Define and improve |
| Answer» D. Define and improve | |
| 246. |
Ishikawa Diagrams are another name for what technique of improvement? |
| A. | Cause-effect diagrams |
| B. | Input-output analysis |
| C. | Process maps |
| D. | Scatter diagrams |
| Answer» A. Cause-effect diagrams | |
| 247. |
The principles of the business process re-engineering (BPR) approach do NOT include: |
| A. | Checking that all internal customers act as their own suppliers to identify problems. |
| B. | Scrapping any process line over two years old and starting again from scratch. |
| C. | Striving for improvements in performance by radical rethinking and redesigning the process. |
| D. | Rethinking business processes cross-functionally to organise work around natural information flows. |
| Answer» B. Scrapping any process line over two years old and starting again from scratch. | |
| 248. |
Qualifying competitive factors are those which: |
| A. | Directly win business for the operation. |
| B. | Need to be better than a good industry standard. |
| C. | Are relatively unimportant compared with the others. |
| D. | May not win extra business if the operation improves its performance but can certainly lose business if performance falls below a particular point. |
| Answer» D. May not win extra business if the operation improves its performance but can certainly lose business if performance falls below a particular point. | |
| 249. |
Which of the following is not a tool and technique used in the process of Plan Risk Responses |
| A. | Contingent Response Strategies |
| B. | Expert Judgment |
| C. | Risk and Impact Matrix |
| D. | Strategies for positive risks or opportunities |
| Answer» C. Risk and Impact Matrix | |
| 250. |
During which stage of Risk planning are modeling techniques used to determine overall effects of risks on project objectives for high probability, high impact risks? |
| A. | Identify Risks |
| B. | Plan Risk responses |
| C. | Perform Qualitative risk analysis |
| D. | Perform Quantitative risk analysis |
| Answer» D. Perform Quantitative risk analysis | |
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