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121. Which of the following is associated with a buyer's request for material to meet a particular need:
A. material warranty
B. material guarantees
C. implied warranty of salability
D. implied warranty of fitness for a particular purpose
E. A and C only
ANS: D
122. A project manager trying to communicate accurately to the team should use:
A. the language of the team members
B. the language of the project manager
C. non-verbal methods
D. written memos
E. All of the above.
ANS: A
123. An advertiser who uses a movie or sports star to endorse a product is trying to use power.
A. Expert
B. Legitimate
C. Reward
D. Influential
E. Referent
ANS: E
124. Control chart theory is based on the differentiation of the causes of variations in quality. Variations may be produced by assignable causes.
All of the following are examples of assignable causes except:
A. differences among machines.
B. differences among workers.
C. differences among materials.
D. differences in each of these factors over time.
E. None of the above (all are examples)
ANS: E
125. Giving a part of project work to a contractor is an example of:
A. risk mitigation
B. risk assignment
C. risk delegation
D. risk deflection
E. risk assumption
ANS: D
126. Proper implementation of project management will guarantee that:
A. Budgets will be met.
B. Schedules will be adhered to.
C. Quality/performance will be met.
D. The project will be a success.
E. None of the above.
ANS: E
127. The most effective means of determining the cost of a project is to price out the _____.
A. Work breakdown structure.
B. Linear responsibility chart.
C. Project charter.
D. Scope statement.
E. Management plan.
ANS: A
128. Which method shown below is acceptable for reducing cost or shortening the schedule?
A. "Crashing"
B. Changing scope.
C. Performing activities in parallel rather than in series.
D. All of the above.
E. A and C only.
ANS: D
129. Which of the following terms is used to describe the receipt issued by a carrier for items to be delivered to a third party:
A. free on board
B. receipt for merchandise
C. packaging list
D. loading list
E. bill of lading
ANS: E
130. A computer tape which contains historical project information is called ____ tape.
A. Database
B. Baseline.
C. Archive.
D. Lessons learned.
E. Life cycle summary.
ANS: C
131. According to Herzberg, which of the following is a motivational factor?
A. Pay
B. Hygiene needs
C. Achievement
D. Working conditions
E. Vacation time
ANS: C
132. Communication in both project and non-project-driven organizations should occur in directions.
A. one
B. two
C. three
D. four
E. five
ANS: E
133. During project execution, a line manager informs you that he will not have sufficient resources available next month to support your and two
other projects. The best way to handle this problem would be to:
A. Ask the line manager to make the decision.
B. Ask the line manager to work with senior management to prioritize the work.
C. Ask your sponsor to meet with the line manager.
D. Ask the line manager to set up a meeting with you and the other project managers to work out the problem yourselves.
E. Prepare a purchase order to outsource the work.
ANS: D
134. Japanese quality control has improved dramatically in the last 30 years for all of the following reasons except:
A. the use of quality circles.
B. small, continuous improvements in quality control.
C. the use of worker suggestion systems.
D. the use of quality control charts.
E. focusing quality control efforts on production outputs.
ANS: E
135. Management reserves are normally defined as a % of the total budget. As a project progresses, the project manager wants the $ value of
management reserve to _____, whereas the customer wants the management reserve to _____.
A. Increase, increase.
B. Increase, decrease.
C. Decrease, decrease.
D. Decrease, increase.
E. Remain the same, return to customer.
ANS: E
136. The utility of a risk seeker is:
A. negatively exponential
B. positively skewed
C. increasing
D. decreasing
E. symmetrical
ANS: C
137. Which of the following is equivalent to a lump sum contract:
A. fixed price contract
B. price fixing contract
C. purchase order
D. All of the above.
E. B and C only
ANS: A
138. Back charges refers to:
A. transferring charges from sub-contractors to the owner
B. adjusting payments to reflect late invoices consequence
C. the cost of corrective action taken by the owner and charged to the contractor for non-conformance
D. gaining restitution from the owner for non payment
E. C and D only
ANS: C
139. Company expenses such as auditing costs, supervision, office supplies, building rent and maintenance are elements of the:
A. Capital budgeting process.
B. Overhead rates.
C. Contracts and administration costing system.
D. Fringe benefits packages.
E. None of the above.
ANS: B
140. Job continuity would be an example of _____ in Maslow's hierarchy of needs.
A. Self-actualization
B. Esteem
C. Physiological
D. Belonging
E. Safety
ANS: E
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