Selecting Projects – Final Exam
Now that you have finished reviewing all course material, it’s time to take the final exam. You must score 70% or higher to pass this exam. You will have an unlimited number of attempts to pass and there is no time limit for each attempt. Once you pass, you will receive a certificate of completion. Good luck!
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Question 1 of 8
1. Question
Which of the following groups are typically responsible for reviewing, selecting and prioritizing projects?
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Question 2 of 8
2. Question
All of the following are characteristics of projects except:
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Question 3 of 8
3. Question
Which of the following is NOT an example of a business need?
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Question 4 of 8
4. Question
What technique identifies the cost to produce a product, service, or result to the benefits that the organization will receive as a result of executing the project?
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Question 5 of 8
5. Question
What project selection method assigns a weighting for different criteria and then scores the criteria for each project?
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Question 6 of 8
6. Question
Calculate the payback period for the following project. The project will require an initial investment of $2 million. The project will have an expected cash inflows of: $50,000 per quarter for the first year, $75,000 per quarter for years two and three, and $100,000 every quarter thereafter. What is the payback period for this project?
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Question 7 of 8
7. Question
If project A is expected to make $450,000 in three years and Project B is expected to make $500,000 in five years and the cost of capital is 10%, using the discounted cash flows method which project should be selected if your organization can only work on one project?
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Question 8 of 8
8. Question
What technique is used to identify project risks that stem from the organization?