Liberty BUSI 313 Quiz 1 Answers Complete Solutions

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Question 1 Corporate downsizing has increased the trend toward

Question 2 Because of its flexibility, project management is equally useful in ongoing, routine work as well as unique, one­time projects.

Question 3 In the _____________ stage of the project life cycle you are more likely to find status reports, changes, and the creation of forecasts.

Question 4 Successful project managers focus primarily on technical dimensions of project management, which include planning, scheduling, and controlling projects.

Question 5 Which of the following is typically the responsibility of a project manager?

Question 6 The sociocultural dimension of project management includes managing relationships, motivating team members and negotiating project terms.

Question 7 Small business development is a major driver of project management.

Question 8 Which of the following statements is true?

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Question 9 Studies have shown that companies using predominantly financial criteria to prioritize projects yield unbalanced portfolios and projects that aren’t strategically aligned.

Question 10 Which of the following questions does the organization’s mission statement answer?

Question 11 All of the following are symptoms of organizations struggling with strategy disconnect and unclear priorities EXCEPT

Question 12 The NPV financial model measures the time it will take to recover the project investment.

Question 13 Organizational objectives set targets for all levels of the organization not just for top management.

Question 14 One who endorses and lends political support for the completion of a specific project is known as the

Question 18 Which of the following cultural characteristics relates to the degree to which management focuses on outcomes rather than on techniques and processes used to achieve those outcomes?

Question 19 The projectized form of project management structure is commonly used when one functional area plays a dominant role in completing the project or has a dominant interest in the success of the project.

Question 20 Member identity refers to the degree to which work activities are organized around groups rather than individuals.

Question 21 A project team that operates with a full­time project manager as a separate unit from the rest of the organization is structured using ________ organization.

Question 22 Generally, the more autonomy and authority the project manager and the project team need to be successful, the more appropriate to implement either a dedicated project team or a strong project management structure.

Question 23 The matrix form of project management is notable for the tension it creates between functional managers and project managers who both bring critical expertise and perspectives to the project.

Question 24 Which of the following combinations represents the extremes of project organization?

Question 25 Bill is working on a project involving the upgrading of a management information system. The project is being managed by the information systems department with the coordination of other departments occurring through normal channels. He is working in a _________ organization.