132

Question 1

Objectives and Goals are the same

Answer

true

Question 2

Project management is the use of accepted standards and practices that help groups with multiple stakeholders work collaboratively to achieve business goals

Answer

true

Question 3

Objectives are based on goals

Answer

true

Question 4

Fixed costs --Not constant, change with the level of output and are frequently stated on a per-unit basis

Answer

true

Question 5

Accruel method of accounting records revenue and expanses at the time they are committed

Answer

true

Question 6

Liabilities --Anything that the organization owes

Answer

true

Question 7

Scenario Planning is analyzing uncertain situations and planning for appropriate action in response to their occurence

Answer

true

Question 8

Indirect costs -- A portion of wages and other expanses, included in fixed costs

Answer

true

Question 9

Footfall is the number of people expected to attend

Answer

true

Question 10

An emergency is an unexpected or impending situation that may cause injury, lose of life, destruction of property, or disruption of an organization

Answer

true

Question 11

Evaluation is a systematic, objective assessment of an ongoing or completed meeting or event

Answer

true

Question 12

Monitoring is an ongoing analysis of the meeting or event to ensure the objectives are being achieved

Answer

true

Question 13

Conventions are typically recurring events with specific, established timing

Answer

true

Question 14

Power is the ability of one actor within a social relationship to carry out his own will despite resistance

Answer

true

Question 15

Risk Management Planning (RMP) is the process of identifying, eliminating, and controlling hazards and risks

Answer

true

Question 16

Accounts payable --Amounts an organization owes for purchased goods or services from a supplier or vendor

Answer

true

Question 17

A disaster is a low-probability, high-impact event that threatens the viability of the organization and is characterized by ambiguity of cause, effect, and means of resolution, as well as a belief that decisions must be made swiftly

Answer

true

Question 18

Assets --Anything of value owned by or due to the organization

Answer

true

Question 19

Stakeholders are individuals or groups that have an interest in the organization

Answer

true

Question 20

Legitimacy is a generalized perception or assumption that the actions of an entity are desirable, proper, or appropriate within some socially constructed system of norms, values, beliefs, and definitions

Answer

true

Question 21

The last stage of the project life cycle is closing

Answer

true

Question 22

PESTELI trends analysis is used to reveal what organizations do well, areas of improvement, areas of investment and possible roadblocks

Answer

true

Question 23

A vision statement defines the fundamental purpose of the organization

Answer

true

Question 24

Objectives are broad statements that indicate an anticipated outcome and serve as a guide for tactical action planning

Answer

true

Question 25

A disaster is a sudden, unplanned catastrophic event causing unacceptable damage or loss

Answer

true

Question 26

Executives, department heads, managers and employees are examples of external stakeholders

Answer

true

Question 27

The cash method of accounting records revenue and expenses at the time they are committed

Answer

true

Question 28

Strategic planning is an organization's process of defining its strategy or direction and making decisions on allocating its resources to pursue this strategy

Answer

true

Question 29

Benchmarking is the process of comparing an organization's performance and best practices to itself and other like organizations

Answer

true

Question 30

Goals are detailed, measured statements of overall desirable achievements

Answer

true

Question 31

Variable costs --Overhead type expenses that are constant and do not change as the level of output changes

Answer

true

Question 32

Planning is determining in advance, what you want to do and how you want to do it

Answer

true

Question 33

A/n Exposition is an event at which products, services, or promotional materials are displayed to attendees visiting exhibits on the show floor. These events focus primarily on B2B relationships

Answer

true

Question 34

Customers, local community, vendors, media contacts are examples of internal stakeholders

Answer

true

Question 35

SWOT Analysis is an external scan of the environment (tax rates, unemployment rates, differences in generations or expectations, impact of social media etc.)

Answer

true

Question 36

Urgency is the intensity to which stakeholders' claim call for immediate attention

Answer

true

Question 37

A mission statement defines what the organization strives to be in a future state

Answer

true

Question 38

Urgency is the ability of one actor within a social relationship to carry out his own will despite resistance

Answer

true

Question 39

Determining the purpose of the event, identifying stakeholders, setting goals and objectives, and establishing the project team happens in the planning phase

Answer

true

Question 40

Planning is the first stage of the PM project life cycle

Answer

true

132

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