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Q321. Risks are accepted when __________.

A. You develop a contingency plan to execute in case the risk event occurs.

B. To eliminate the threat entirely.

C. You transfer the risk to another party.

D. Taking early action to reduce probably of risk rather repair the damage after risk has occurred.

Answer: A


Q322. A relatively small number of causes typically produce a majority of the problems and defects is a concept of ___________.

A. Edward Deming

B. phil'P Crosby

C. Juian

D. Pareto

Answer: D


Q323. You have a piece of equipment that was purchased for your ptoject recently for $5,000 and is expected to last 5 years in production. At the end of the five years the expected worth of the equipment is $2,000. Using straight-line deprecation, what is the amount that can be written off each year?

A. $600

B. $1200

C. $3000

D. Zero

Answer: C


Q324. If the level of conformance directly increases as a result of new processes, the required cost of monitoring is likely to:

A. Stay the same.

B. Decrease.

C. Be more predictable.

D. Increase.

Answer: B


Q325. Create Procurement document is done in _______.

A. Plan Procurements

B. Conduct Procurements

C. Administer Procurements

D. Close Procurements

Answer: A


Q326. The process of evaluating overall project performance on a regular basis to provide confidence that the project will satisfy the relevant quality standards is called __________.

A. Quality Assurance

B. Quality Control

C. Plan Quality

D. Quality Review

Answer: A


Q327. A unilateral contract under which the seller is paid a preset amount per unit of service is called _________.

A. A cost reimbursable contract

B. A lumP sum contract

C. A unit price contract

D. A fixed price contract

Answer: C


Q328. A Project Scope Management includes:

A. Initiation

B. Project Plan Execution

C. Overall Change Control

D. Report Performance

Answer: A