1.

If P is price and Q is demand and if P1 = 40 Q1 = 100000

00 then the price elasticity of demand is

P2 = 50 Q2 = 950

Select one:
a. 0.53
b. zero
c. 1.00
d. 0.23
2.What is a project?
Select one:
a. Non-Routine non-repetitive work
b. Routine non-repetitive work
c. Non-Routine repetitive work
d. Routine repetitive work
3.Scope and specifications are dealt in
Select one:
a. Delivery Phase
b. Planning Phase
c. Execution Phase
d. Defining Phase
4.The requirement of machinery and equipment is dependent on
Select one:
a. all of the above
b. production technology
c. type of product
d. plant capacity
5.Which of the following is not a project
Select one:
a. Writing a term paper
b. Attaching tags to a manufactured product
c. Developing a supply chain information system
d. Setting up a power plant
6.If the organization has very few projects, it should go for
Select one:
a. Matrix type
b. Traditional Functional
c. Projectized
d. Dedicated teams
7.Effective Demand is calculated as
Select one:
a. Production b. Production c. Production +
d. Production +
8.If 80% of the

Imports - Exports - Change in stock level

Imports + Exports + Changes in stock Level
Imports - Exports + Changes in stock level
Imports - Exports - Change in stock level
work involves projects, then the organization should consider

Select one:
a. Matrix type
b. Projectiized
c. Dedicated Team
d. Traditional Functional
9.In which organizational form does the project manager often have the least amo
unt of authority

Select one:
a. Traditional Functional
b. Projectiized
c. Strong Matrix
d. Weak Matrix
10.Given Q as demand and I as Income and If Q1 = 60, Q2 = 70, I1 = 1000 and I2
= 1200, What is the income elasticity of demand?
Select one:
a. 1.50
b. 0.50
c. 0.85
d. 1.00
11.As the plant capacity increases, the investment cost per unit
Select one:
a. increases
b. decreases
c. zero
d. remain the same
12.The qualitative method for demand forecasting is
Select one:
a. Moving Average Method
b. Exponential Smoothing Method
c. Trend Projection Method
d. Delphi Method
13.Compression of the Product Life Cycle results in
Select one:
a. changing the variety of products
b. lesser products in longer time
c. more products in longer time
d. producing products in lesser time
14.The grouping of projects is called
Select one:
a. Program
b. Business Plan
c. Project Template
d. Business Template
15.Projects that remain almost entirely within one functional area are best mana
ged by the
Select one:
a. functional manager
b. Assigned functional employees
c. project sponsor
d. project manager
16.In which organizational form is the worker in the greatest jeopardy of losing
his or her job if the project gets canceled
Select one:
a. Traditional Functional
b. Projectized
c. Strong Matrix
d. Weak Matrix
17.Integrated Project Management relates to integrating the project with
Select one:

a. competitor's plan of the organization

b. strategic plan of the organization
c. functional plans of the organization
d. financial plan of the organization
18.A project is terminated early because the technology cannot be developed and
the resources are applied to another project that ends up being successful. Whic
h of the following is true concerning the first project?
Select one:
a. The first project is a success if the project manager gets promoted
b. The first project is a failure if the project manager gets reassigned to a le
ss important project
c. The first project is regarded as a failure
d. The first project is a success if the termination is done early enough before
additional resources are squandered
19.In which type of matrix structure would a project manager most likely have a
command of technology
Select one:
a. Balanced Matrix
b. Cross-cultural matrix
c. Weak Matrix
d. Strong Matrix
20.In which organization form is the project manager least likely to share resou
rces with other projects
Select one:
a. Weak Matrix
b. Traditional Functional
c. Projectized
d. Strong Matrix
21. The level of effort is maximum in the following phase of any project life cy
cle
Select one:
a. Executing
b. Delivering
c. Planning
d. Defining
22.If an organization has both standard products and projects, it should go for
Select one:
a. Projectized
b. Traditional Functional
c. Dedicated team
d. Matrix type
23.The training to customers and transfer of documents take place in
Select one:
a. Delivery Phase
b. Execution Phase
c. Planning Phase
d. Defining Phase
24.The major difference between a project and a program is usually
Select one:
a. time frame
b. Role of the sponsor
c. Role of the line manager
d. specifcations

25.Having too many life cycle phases may be detrimental because

Select one:
a. Executive sponsors will micromanage
b. the project manager will need to develop many different plans for each phase
c. Executive sponsors will become invisible
d. the project manager will spend too much time planning for gate-review meeting
s rather than managing the phases