Liberty University BUSI 313 Quiz 1 Complete Solutions Correct Answers Key

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Liberty UniversityBUSI 313 quiz 1Complete Solutions Correct Answers KeyQuestion 1 Corporate downsizing has increased the trend towardQuestion 2 Because of its flexibility, project management is equally useful in ongoing, routinework as well asunique, onetime projects.Question 3 In the _____________ stage of the project life cycle you are more likely to find statusreports, changes, and the creation of forecasts.Question4Successfulprojectmanagersfocusprimarilyontechnicaldimensionsofprojectmanagement, 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?Question 9 Studies have shown that companies using predominantly financial criteria to prioritizeprojects yield unbalanced portfolios and projects that aren't strategically aligned.Question 10 Which of the following questions does the organization's mission statement answer?Question11Allofthefollowingaresymptomsoforganizationsstrugglingwithstrategydisconnect and unclear priorities EXCEPTQuestion12TheNPVfinancialmodelmeasuresthetimeitwilltake torecovertheprojectinvestment.Question 13 Organizational objectives set targets for all levels of the organization not just for topmanagement.Question 14Onewhoendorsesandlends political supportfor the completion of a specificproject is known as theQuestion 15 Generally, people working on several projects at the same time are more efficient

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than people working fulltime on one project.Question 16 Which of the following is NOT one of the characteristics of effective objectives?Question 17 Which of the following cultural characteristics relates to the degree to which workactivities are organized around groups rather than individuals?Question18Whichofthefollowingculturalcharacteristicsrelatestothedegreetowhichmanagement focuses on outcomes rather than on techniques and processes used to achievethose outcomes?Question 19 The projectized form of project management structure is commonly used when onefunctional area plays a dominant role in completing the project or has a dominant interest in thesuccess of the project.Question 20 Member identity refers to the degree to which work activities are organized aroundgroups rather than individuals.Question 21 A project team that operates with a fulltime project manager as a separate unit fromthe rest of the organization is structured using ________ organization.Question 22 Generally, the more autonomy and authority the project manager and the projectteam need to be successful, the more appropriate to implement either a dedicated project teamor a strong project management structure.Question 23 The matrix form of project management is notable for the tension it creates betweenfunctional managers and project managers who both bring critical expertise and perspectives tothe 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 informationsystem.Theprojectisbeingmanagedbytheinformationsystemsdepartmentwiththecoordinationofotherdepartmentsoccurringthroughnormalchannels.Heisworkingina_________ organization.

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