Entrepreneurship and New Ventures Exam Practice Tests
Course Introduction
Entrepreneurship and New Ventures explores the process of identifying, evaluating, and developing opportunities for new business creation. The course covers the fundamental concepts of entrepreneurship, including idea generation, business model development, market research, and financial planning. Students will examine the lifecycle of startups, from ideation to launch and growth, as well as the challenges faced by entrepreneurs in dynamic markets. The course emphasizes practical skills through case studies, business plan development, and interaction with entrepreneurs, preparing students to initiate and manage successful new ventures in various industries.
Recommended Textbook
Project Management in Practice 5th Edition by
Jack R. Meredith
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8 Chapters
533 Verified Questions
533 Flashcards
Source URL: https://quizplus.com/study-set/1630
Page 2
Chapter 1: The World of Project Management
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70 Verified Questions
70 Flashcards
Source URL: https://quizplus.com/quiz/32366
Sample Questions
Q1) When using financial methods for selecting projects, the payback period is the simplest and best method to use.
A)True
B)False
Answer: False
Q2) Explain what the third alternative is in negotiation.
Answer: Not Answered
Q3) The main distinction between platform and derivative projects is that the latter depend on existing technology.
A)True
B)False
Answer: False
Q4) A key deficiency of the aggregate project plan is that it provides little information about the resources committed to the various projects.
A)True
B)False
Answer: False
Q5) Briefly describe each of the three fundamental goals of a project.
Answer: Not Answered
To view all questions and flashcards with answers, click on the resource link above. Page 3
Chapter 2: The Manager, the Organization, and the Team
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68 Verified Questions
68 Flashcards
Source URL: https://quizplus.com/quiz/32367
Sample Questions
Q1) What is a "virtual project?"
Answer: Not Answered
Q2) The three primary goals of any project are:
A) profit, schedule, quality
B) schedule, budget, quality
C) performance, budget, schedule
D) performance, quality, schedule
E) budget, quality, profit
Answer: C
Q3) Political savvy is not only an important characteristic of a project manager but is also important for project team members.
A)True
B)False
Answer: True
Q4) When it comes to assigning individuals to work on projects, functional managers and project managers are often in conflict.
A)True
B)False
Answer: True
To view all questions and flashcards with answers, click on the resource link above. Page 4
Chapter 3: Planning the Project
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63 Verified Questions
63 Flashcards
Source URL: https://quizplus.com/quiz/32368
Sample Questions
Q1) The letters used in the RACI matrix help link a person and a task for accountability purposes.
A)True
B)False
Answer: True
Q2) RACI stands for remove all cost information.
A)True
B)False
Answer: False
Q3) The details of the project work force are discussed in the Resource Requirements section of the project master plan.
A)True
B)False
Answer: False
Q4) What is the primary function of a project plan?
Answer: Not Answered
Q5) Explain the process of developing a WBS.
Answer: Not Answered
Q6) List some of the results of the project launch meeting. Answer: Not Answered
To view all questions and flashcards with answers, click on the resource link above. Page 5
Chapter 4: Budgeting the Project
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64 Verified Questions
64 Flashcards
Source URL: https://quizplus.com/quiz/32369
Sample Questions
Q1) The result of game theory analysis is a Risk Priority Number.
A)True
B)False
Q2) Qualitative risk analysis is not as important to a project's planning because there are not many qualitative concerns in project management.
A)True
B)False
Q3) A budget is a plan for allocating resources.
A)True
B)False
Q4) A requirement of top-down budgeting is:
A) involvement of the project team
B) estimating the detailed level of the project's tasks
C) applying the learning curve to labor time estimates
D) all of the above
E) none of the above
Q5) The project manager recognizes an expense when an invoice is actually paid.
A)True
B)False
Q6) What are the key elements of contingency planning?
Page 6
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Chapter 5: Scheduling the Project
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63 Verified Questions
63 Flashcards
Source URL: https://quizplus.com/quiz/32370
Sample Questions
Q1) A project schedule is a project action plan converted into a timetable.
A)True
B)False
Q2) Contrast "total slack" and "free slack"
Q3) PERT was originally used for what type of project?
A) construction
B) R & D
C) military
D) computer software development
E) advertising
Q4) It is easiest to see lead and lag time in a project task on a PERT/CPM networks.
A)True
B)False
Q5) The difference between the LST and EST is called slack.
A)True
B)False
Q6) Milestones cannot be identified on a Gantt Chart.
A)True
B)False
Q7) Define the term Critical Path.
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Chapter 6: Allocating Resources to the Project
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66 Verified Questions
66 Flashcards
Source URL: https://quizplus.com/quiz/32371
Sample Questions
Q1) According to research minimum slack rule is the overall best priority rule.
A)True
B)False
Q2) If resources were not scarce, the resource allocation problem would be concerned solely with cost minimization.
A)True
B)False
Q3) A task's duration is a function of both the amount of labor required to complete the task as well as the calendar time required to complete it.
A)True
B)False
Q4) Which of the following is a measure of the amount by which a project is delayed by application of a leveling rule?
A) schedule inflation
B) schedule progression
C) schedule efficacy
D) schedule efficiency
E) schedule slippage
Q5) Explain the concept of a project buffer.
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Chapter 7: Monitoring and Controlling the Project
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72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/32372
Sample Questions
Q1) Control systems that make use of all five components of project control are called cybernetic control systems.
A)True
B)False
Q2) Explain why virtual projects may be necessary?
Q3) Which of the following is not true regarding meetings?
A) A written agenda should be distributed in advance of the meeting.
B) The agenda should announce pre-set starting and stopping times.
C) It is appropriate to be flexible and extend a meeting's stopping time if issues come up that were not on the agenda.
D) Don't penalize those who show up on time by making them wait for those who are late.
E) All of the above are true.
Q4) Which of the following is most closely associated with ordinal rankings?
A) frequency counts
B) raw numbers
C) indicators
D) subjective numeric rankings
E) surrogates
Q5) List the benefits of reports beyond the purpose of control.
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Chapter 8: Evaluating and Terminating the Project
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67 Verified Questions
67 Flashcards
Source URL: https://quizplus.com/quiz/32373
Sample Questions
Q1) Which of the following is not a typical step in a project audit?
A) familiarize the audit team with the requirements of the project
B) collect benchmark data from other similar projects
C) audit the project on-site
D) write-up the audit report in the required format
E) distribute the report
Q2) What content should be included in the audit report?
Q3) Contrast termination-by-addition with termination-by-integration.
Q4) Measuring a project's success on budget, schedule, and performance is typically more complicated than measuring revenues or qualitative, subjective factors.
A)True
B)False
Q5) Termination-by-integration occurs when an "in-house" project is successfully completed and institutionalized as a new, formal part of the organization.
A)True
B)False
Q6) What are the main duties of the termination manager?
Q7) Explain when projects should be terminated
Q8) What is the difference between financial audits and project audits?
To view all questions and flashcards with answers, click on the resource link above. Page 10