Business plan mcqs with answers pdf. Business Planning and Project Management MCQ pdf. Project Management Multiple Choice Questions and Answers for MBA, BBA.
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Business Planning and Project Management MCQs
Q1. The project manager conducts the analysis of the problem & submits the report to the ___.
a. Top Management
b. Lower Management
c. Middle Management
d. All of the Above
Answer: (a)
Q2. The Staff performance has to be evaluated ___.
a. Marketing phase
b. Design Phase
c. Testing Phase
d. Post-completion analysis phase
Answer: (d)
Q3. The project management process is defined by the ___. It describes & organizes the work of the project.
a. Customer
b. Organization
c. Project
d. None of the above
Answer: (b)
Q4. A workable scheme is maintained to accomplish the business need in ___.
a. Executive Process
b. Controlling process
c. Planning Process
d. Initiative process
Answer: (c)
Q5. Controlling process controls ___.
a. Time
b. Cost
c. Quality
d. All of the Above
Answer: (d)
Q6. A team negotiates for ___
a. Scope cost & schedule objectives
b. Changes to scope, cost, or schedule
c. Contract terms & conditions, resources
d. All of the Above
Answer: (d)
Q7. If you add staff, the schedule may shorten & costs will increase.
a. True
b. False
Answer: (a)
Q8. The ___ is a useful tool in project management to compare the relative flexibility of the parameters considered.
a. Kiviat graph
b. Pert Chart
c. All of the above
d. None of the above
Answer: (a)
Q9. The project will go through for preparation, which constitutes formulation & modeling, Planning, control, execution, monitoring, completion & review.
a. Statement is correct
b. Statement incorrect
Answer: (a)
Q10. In the ___ stage, the project manager along with the team members draft the outline of the project.
a. Initial stage
b. Final stage
c. Preparation stage
d. None of the above
Answer: (c)
Q11. We need to monitor each project as such and make a program to manage them as a group to take the ___ and be prepared to manage diversity is called ___
a. All are valid
b. Disadvantages, P3M
c. Advantages, P3M
d. Advantages, P2M
Answer: (d)
Q12. Resource requirement increases at the rapid rate of becoming constant while the project is during its 80% to 95% progress stage ___.
a. True
b. False
Answer: (a)
Q13. The scope of Project planning includes the identification of key areas from the client through ___.
a. Meetings
b. Discussion
c. Interviews
d. All of the above
Answer: (d)
Q14. The review process is not training plan-oriented.
a. True
b. False
Answer: (b)
Q15. Prepare a checklist of items to be monitored & control during the course of execution of projects in ___.
a. Identification process
b. Review process
c. Analysis Process
d. None of the above
Answer: (b)
Q16. Five conditions imposed on every project are.
a. Scope, Quantity, Time, Cost, Resources
b. Quality, Scope, Time, Cost, Resources
c. Quality, Scope, Time, Cost, Quantity
d. None of the above
Answer: (b)
Q17. The Key Personnel for each area and list them in the person column of the project ___
a. Datalist
b. Worksheet
c. Project assignment worksheet
d. Assignment
Answer: (c)
Q18. Individuals assigned to a key resource role may work towards gathering “Business key resources” & technical key resources they are projecting.
a. Coordinators & team invitees
b. Team leader
c. Project manager
d. All are correct
Answer: (a)
Q19. ___ is produced by identifying the key elements breaking each element down into component parts & continuing to break down until manageable.
a. Responsibility chart
b. Checklist
c. WBS
d. Team
Answer: (c)
Qs 20. WBS does not show dependencies.
a. True
b. False
Answer: (a)
Q21. ___ Involves the identification of the possible risks and assesses the consequences by means of a checklist of possible risks, surveys, meetings brainstorming, and reviews of plans, processes, and products.
a. Risk Assessment
b. Risk Control
c. Risk Ranking
d. Risk Mitigation
Answer: (a)
Q22. Reviews, Findings, and analysis of the project performance are done during
a. Planning Processes
b. Executing Processes
c. Controlling Processes
d. Closing Process
Answer: (d)
Q23. ___ Specify the objective, products, logistics, roles, responsibilities, and time frame.
a. Review
b. Quality
c. Agenda for quality review
d. Schedule quality review
Answer: (c)
Q24. To check the deviation from the baseline during the Re-Plan stage schedule ___ is used.
a. Gantt Chart
b. Cost workbook
c. All of the above
d. None of the above
Answer: (c)
Q25. To identify the Alternate solutions evaluate the change request with respect to the.
a. Functional scope
b. Schedule
c. Effort and cost
d. All of the above
Answer: (d)
Q26. Project state reviews and the decisions taken and actions planned need to be approved by the ___ management.
a. Top
b. Middle
c. Lower
d. None of the above
Answer: (a)
Q27. The objectives, performance criteria, financial criteria, resource utilization, slips and gains of time, adherence to the project definition and plans have to be reviewed during ___.
a. Final product review
b. Outstanding project work review
c. Project review
d. Process review
Answer: (c)
Q28. Normal information systems tell ___ if they are working with the scope of the budget.
a. Managers
b. Top mgmt
c. Clerk
d. Executive
Answer: (a)
Q29. ___ Need to know the information on all projects regarding progress, problems, resources usage, costs, and project goals.
a. Upper managers
b. Top mgmt.
c. Clerk
d. Executive
Answer: (a)
Q30. A project management information system also holds schedule, scope changes, risk assessment, and actual results.
a. Correct
b. Incorrect
Answer: (a)
Q31. Management Assurance measure is a task performed by the ___ to balance the effort to convince management against wavering with efforts to prepare team members to counter any unexpected storms in the project.
a. Upper management
b. Customer
c. Executive
d. Project leaders
Answer: (d)
Q32. CFT-Cross-functional teams for each project are useful to find that for each project who will be in charge of the project and POR-Plan of Record should be prepared for the process and tools used in the project.
a. True
b. False
Answer: (a)
Q33. ___ is a set of non-repetitive activities, which create a unique product or service
a. Project
b. Development process
c. Project development process
d. Life cycle
Answer: (c)
Q34. Force field theory is given by ___
a. Kurt Lewin
b. Robert Lafore
c. Jacobson
d. None of the above
Answer: (a)
Q35. The information is constantly subjected to ___. Many times Automated systems of quality control of key input data connected with the project will help in reducing the risk of over-runs beyond the control of the team.
a. Scientific and analytic processing
b. Scientific processing
c. Calculations
d. All of the above
Answer: (a)
Q36. Every project will not have a huge information inflow that has sorted, classified, distributed, analyzed for the purpose of decision making and actions taken.
a. Correct
b. Incorrect
Answer: (b)
Q37. ISO 9000 And ISO 9000: 2000 are certification standards mostly for firms where the products have drawings, materials that are purchased, processes that can be seen, inspected corrected, and products that can be measured.
a. True
b. False
Answer: (a)
Q38. ___ is a process of finding out as to what are the inputs required, who will do it, how much it costs and how long it will take.
a. Development Process
b. Project Development Process
c. Life Cycle
d. All of the above
Answer: (b)
Q39. Every project will have a huge information inflow, which has ___ for purpose of decision-making and actions are taken.
a. Sorted
b. Classified
c. Distributed & analyzed
d. All of the above
Answer: (d)
Q40. Having given autonomy to teams the management needs not keep track of their activities
a. True
b. False
Answer: (b)
Q41. An amount of time between a predecessor and a successor task is called ___ and the amount of time between successor tasks can overlap with its predecessor task called ___
a. Lead time, Lag time
b. Lag time, Lead-time
c. Elapsed time, schedule slippage
d. All of the above
Answer: (b)
Q42. The ___ provides a record of current achievement and immediate expectations of the project and ___ summarize the accomplishments for the month, schedule status, upcoming tasks for the month, and any major issues.
a. Create flash report, create status report
b. Create status report, create flash report
c. Project status report, create flash report
d. Project status report, create the flash report
Answer: (b)
Q43. A ___ is a process where we capture information from the team experience and see the variances and ___ from the plan.
a. Review, similarities
b. Project review, deviations
c. Feasibility study, similarities
d. Feasibility, deviations
Answer: (b)
Q44. Transactions are online making reporting ___ and ___ become faster
a. Feedback, decisions
b. Analysis, decisions
c. Testing, feedback
d. Designing, decisions
Answer: (a)
Q45. The project manager and his team committed to any one project will have to depend upon the various functionaries in the administrative functions like ___.
a. Human resources
b. Finance
c. Purchase & legal
d. All of the above
Answer: (d)
Q46. Organizations will have structures, hierarchies, ___, ___ and decision centers and most importantly cultures, which define them and make them unique.
a. Roles, channels
b. Functions, patterns
c. Functions, communications patterns
d. None of the above
Answer: (c)
Q47. ___ is an ongoing effort among members across functions to find new ways to improve quality in ___.
a. Scheduling, products & services
b. Quality mgmt., services
c. Total quality mgmt., products & services
d. Multiple tasking, services
Answer: (c)
Q48. Each worker can substitute another worker and can change his team depending upon the exigency. This means that all the workers are trained for ___. This change has been found to promote ___.
a. Multiple tasking, quality
b. Time scheduling, quality mgmt
c. Quality, new technology
d. Multiprogramming, technology
Answer: (a)
Q49. ___ helps in resetting the goals when they cannot be achieved for various reasons such as ___.
a. Testing, time
b. Testing, shortage of resources
c. Review, shortage of resources
d. None of the above
Answer: (c)
Q50. The main concept is that a project has a ___ responsible for all activities. They ___ are derived for a specific set of objectives.
a. Team, time schedules.
b. Member, quality
c. Member cost
d. Team, quality
Answer: (a)
Conclusion
The importance of business planning and project management can not be overstated. Good planning is essential for any successful business endeavor, as it allows managers to identify potential risks, develop strategies to mitigate them, and allocate resources efficiently.
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