Business and Management MCQs

a. A factor that is assumed to be true but is not necessarily proven or verified
b. A significant event or accomplishment in a project that marks progress towards a goal or objective
c. A tool used to manage project risks
d. A report that summarizes project progress

a. Any asset or capability that is required to complete a project, such as people, equipment, or materials
b. A customer or user who will benefit from the project deliverables
c. A senior executive who provides strategic direction, resources, and support for a project
d. A team member who is responsible for managing project risks
Answer: a. Any asset or capability that is required to complete a project, such as people, equipment, or materials

a. To define the quality standards and procedures that will be used to ensure that project deliverables meet their requirements
b. To identify and track potential project risks and develop strategies to mitigate or avoid them
c. To execute the project plan and monitor progress
d. To formally authorize the start of a project and establish its objectives, scope, and stakeholders
Answer: a. To define the quality standards and procedures that will be used to ensure that project deliverables meet their requirements

a. A limitation or restriction that affects the project’s ability to meet its objectives
b. A significant event or accomplishment in a project that marks progress towards a goal or objective
c. A tool used to manage project risks
d. A report that summarizes project progress
Answer: a. A limitation or restriction that affects the project’s ability to meet its objectives

a. Any individual or organization that has an interest or involvement in the project
b. A team member who is responsible for managing project risks
c. A customer or user who will benefit from the project deliverables
d. A senior executive who provides strategic direction, resources, and support for a project
Answer: a. Any individual or organization that has an interest or involvement in the project

a. Project scope defines the boundaries of the project while project requirements define what is needed to achieve the project goals
b. Project scope defines what is needed to achieve the project goals while project requirements define the boundaries of the project
c. Project scope is a high-level statement of project goals while project requirements are a detailed description of project deliverables
d. Project scope is a detailed description of project deliverables while project requirements are a high-level statement of project goals
Answer: a. Project scope defines the boundaries of the project while project requirements define what is needed

a. To formally document and track changes to project scope, schedule, or budget
b. To execute the project plan and monitor progress
c. To close out the project and assess its success
d. To develop the project budget and schedule
Answer: a. To formally document and track changes to project scope, schedule, or budget

a. A senior executive who provides strategic direction, resources, and support for a project
b. Any individual or organization that has an interest or involvement in the project
c. A team member who is responsible for managing project risks
d. A customer or user who will benefit from the project deliverables
Answer: a. A senior executive who provides strategic direction, resources, and support for a project

a. Project management focuses on temporary efforts to create unique products or services while general management focuses on ongoing operations
b. Project management focuses on managing resources while general management focuses on creating products or services
c. Project management focuses on managing projects while general management focuses on managing organizations
d. Project management and general management are interchangeable terms with no real difference between them
Answer: c. Project management focuses on managing projects while general management focuses on managing organizations

a. A significant event or accomplishment in a project that marks progress towards a goal or objective
b. A document that outlines the project schedule and budget
c. A tool used to manage project risks
d. A report that summarizes project progress
Answer: a. A significant event or accomplishment in a project that marks progress towards a goal or objective