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Liberty University BUSI 313 Quiz 1 Complete Solutions Correct Answers Key

A solved Quiz 1 for BUSI 313, covering key business management concepts.

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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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Document Details

University
Liberty University
Course
BUSI 320
Subject
Business Management

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