MIDTERM Name: MARK YOUR ANSWERS FOR THE MULTIPLE CHOICE QUESTIONS ON THE TEST US

Question

MIDTERM Name: MARK YOUR ANSWERS FOR THE MULTIPLE CHOICE QUESTIONS ON THE TEST USE THE SPACE PROVIDED IN THE EXAM TO ANSWER THE OTHER QUESTIONS Each multiple choice question is worth 2.5 points. Points for the other questions are shown by the uestions 1. Which of the following is false in a general project network? a) There can never be more than one critical path in a project b) A project can have more than one starting activity c) A project can have more than one ending activity d) Sometimes, activities may get completed earlier than the planned completion time 2. The estimated types and quantities of resources required for an activity together with the availability of those resources will influence the a) estimated duration for how long it will take to perform the activity. b) project's acceptance criteria. c) project scope document description. d) actual costs of work performed. 3·The two basic types of project selection models discussed in class are a) Biased and unbiased b) Numeric and nonnumeric c) Easy and difficult d) Numeric and qualitative 4. The drawback o investment has been recovered. a) Payback period b) Average rate of return c) Discounted cash flow d) Profitability index f the model is that it fails to consider cash flows obtained once the initial 5. Everything else remaining the same, if two projects are compared, the project with the higher risk would likely have a: a) shorter payback period b) lower IRR c) higher NPV d) higher initial cash inflows

Explanation / Answer

1. a. There can be more than 1 critical path.

2. a. Project duration is dependent on type of resources.

3. b. Numeric and non-numeroc

4. a. Payback period has this drawback.

5. c. Higher risk, higher return and higher NPV.

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