Entrepreneurship and New Ventures
Test Preparation
Course Introduction
Entrepreneurship and New Ventures explores the process of identifying, evaluating, and developing new business opportunities. The course covers essential topics such as idea generation, market analysis, business model development, financing options, and startup management. Students will gain practical skills in crafting business plans, understanding the entrepreneurial mindset, assessing risks, and navigating the challenges of launching and growing a successful venture. Real-world case studies, interactive discussions, and project-based assignments help bridge theory with practical application, preparing students to transform innovative ideas into viable enterprises.
Recommended Textbook
Project Management Process Technology and Practice 1st Edition by Ganesh Vaidyanathan
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12 Chapters
960 Verified Questions
960 Flashcards
Source URL: https://quizplus.com/study-set/2154
Page 2
Chapter 1: Projects and Project Management
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80 Verified Questions
80 Flashcards
Source URL: https://quizplus.com/quiz/42931
Sample Questions
Q1) Projects are straightforward and not restrained by technological complexity,organizational complexity,and management complexity.
A)True
B)False
Answer: False
Q2) An example of a project is an accounting clerk entering journal entries.
A)True
B)False Answer: False
Q3) The pre-feasibility study is usually used to assess whether to conduct a full feasibility study.
A)True
B)False Answer: True
Q4) A benefit of project management is that it creates a structure and process that enables a project to be kept under control.
A)True
B)False Answer: True
To view all questions and flashcards with answers, click on the resource link above. Page 3
Chapter 2: Process and Methods
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80 Verified Questions
80 Flashcards
Source URL: https://quizplus.com/quiz/42932
Sample Questions
Q1) The CMMI Level 3 objectives include
A)planning organization-level process development and improvement activities.
B)developing and maintaining a standard software process for the organization.
C)identifying all defects in software using CIM and Six Sigma and removing defects to improve quality.
D)all of the above.
Answer: D
Q2) Coordinating all other project management knowledge areas describes
A)project integration management.
B)project communications management.
C)project procurement management.
D)project quality management.
Answer: A
Q3) The CMMI Level 3 uses an organization-wide software process database to collect and analyze data available from a project's defined software processes.
A)True
B)False
Answer: False
To view all questions and flashcards with answers, click on the resource link above. Page 4
Chapter 3: Project Management Tools
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80 Verified Questions
80 Flashcards
Source URL: https://quizplus.com/quiz/42933
Sample Questions
Q1) TMAP is a graphical representation of a series of ideas or thoughts or decisions of a person or a team.
A)True
B)False
Answer: True
Q2) A process for teams to generate ideas and to find solutions on project issues and problems best defines
A)brainstorming.
B)TMAP.
C)burndown charts.
D)preplanning review.
Answer: A
Q3) The purpose of the QFD technical correlations step is to develop relationships between the technology requirements.
A)True
B)False
Answer: True
To view all questions and flashcards with answers, click on the resource link above. Page 5
Chapter 4: Project Initiation
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80 Verified Questions
80 Flashcards
Source URL: https://quizplus.com/quiz/42934
Sample Questions
Q1) Which of the following reviews various points where two or more systems interact with each other?
A)prototyping
B)mind maps
C)interface analysis
D)use case analysis
Q2) Which of the following is the return or discount rate that makes NPV = 0?
A)ROI
B)IRR
C)PMI
D)QFD
Q3) When recruiting effective project managers,what five challenges might an organization face?
Q4) According to Wheelwright and Clark,which of the following project types breeds future commercial products,new systems,and novel services?
A)alliances and partnership projects
B)breakthrough projects
C)derivative projects
D)basic research projects
To view all questions and flashcards with answers, click on the resource link above. Page 6
Chapter 5: Project Planning
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80 Verified Questions
80 Flashcards
Source URL: https://quizplus.com/quiz/42935
Sample Questions
Q1) Planning helps project managers to clarify and focus a project's development and prospects.
A)True
B)False
Q2) Decisions made at the beginning stage of a project life cycle have less influence than those made at later stages.
A)True
B)False
Q3) The purpose of the process improvement plan is to provide guidance on how to develop,manage,and control the schedule over the project's lifespan.
A)True
B)False
Q4) Major events occurring during a project that do not have duration best describes A)deliverables.
B)milestones.
C)sections.
D)resources.
Q5) List the basic steps to create a delivery-based WBS structure.
Q6) What is a contract? List six types of contracts.
Page 7
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Chapter 6: Risk Management
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80 Verified Questions
80 Flashcards
Source URL: https://quizplus.com/quiz/42936
Sample Questions
Q1) The process that allows project managers to balance operational and economic costs of protective measures to achieve project success best defines A)risk identification.
B)risk assessment.
C)risk avoidance.
D)risk management.
Q2) A function of the likelihood of a given threat and the resulting impact of that adverse event on the organization best defines A)risk.
B)problem.
C)occurrence.
D)threat.
Q3) Quantitative risk assessment methods include simulation and modeling techniques. A)True
B)False
Q4) Overly optimistic forecasts including project plans result from external risks.
A)True
B)False
Q5) How can qualitative risk assessment be accomplished?
To view all questions and flashcards with answers, click on the resource link above. Page 8
Chapter 7: Quality, Performance and Value
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80 Verified Questions
80 Flashcards
Source URL: https://quizplus.com/quiz/42937
Sample Questions
Q1) Control charts that monitor the dispersion or variability of the process are
A)P-charts.
B)C-charts.
C)R-charts.
D)X-bar charts.
Q2) As variability increases,accurate estimation decreases and the required sample size increases.
A)True
B)False
Q3) The value of a project depends on the cost of the project.
A)True
B)False
Q4) Quality planning is more about process and is based on problems related to processes.
A)True B)False
Q5) The biggest challenge in managing quality is ensuring that processes are consistent.
A)True
B)False
Page 9
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Chapter 8: Project Scheduling
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80 Verified Questions
80 Flashcards
Source URL: https://quizplus.com/quiz/42938
Sample Questions
Q1) When making a forward pass through a network,the earliest start time of a successor activity is the earliest finish date of a predecessor.
A)True
B)False
Q2) Popular project management software packages include each of the following <b>except</b>
A)Primavera.
B)Zoho.
C)FastTrack.
D)Microsoft Access.
Q3) A plan to implement a project using an ordered sequence of activities with time allotted for each activity best defines A)scheduling.
B)feasibility study.
C)thought process map.
D)quality functional deployment.
Q4) Each activity can be crashed at least once.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 10
Chapter 9: Resources, Costing, and Control
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80 Verified Questions
80 Flashcards
Source URL: https://quizplus.com/quiz/42939
Sample Questions
Q1) The process of determining the cost of a project best defines
A)procurement management.
B)cost decomposition.
C)quality control.
D)cost estimation.
Q2) Management plan updates are inputs to project control.
A)True
B)False
Q3) An indirect cost rate is the percentage of a project's indirect costs to its direct costs and is a standardized method of charging individual projects for their share of indirect costs.
A)True
B)False
Q4) Which of the following uses "work in progress" to indicate the future of a project?
A)earned value analysis
B)budget at compliance
C)planned value
D)cost variance
Q5) Identify five metrics for monitoring project cost and schedule.
To view all questions and flashcards with answers, click on the resource link above. Page 11
Chapter 10: Project Closure
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80 Verified Questions
80 Flashcards
Source URL: https://quizplus.com/quiz/42940
Sample Questions
Q1) Factors signaling early project closure include
A)incomplete requirements.
B)lack of user involvement.
C)lack of resources.
D)all of the above.
Q2) Termination by referral means that the completed project has been transferred to a new place of operation.
A)True
B)False
Q3) Which of the following addresses whether the project requirements and execution comply with the regulatory and company-specific guidelines?
A)risk management plans
B)project implementation audit
C)business case justification
D)system documentation
Q4) Project audits are usually initiated at ad hoc times.
A)True
B)False
Q5) What should a project audit contain?
To view all questions and flashcards with answers, click on the resource link above. Page 12
Chapter 11: Project Organizational Structures
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80 Verified Questions
80 Flashcards
Source URL: https://quizplus.com/quiz/42941
Sample Questions
Q1) A disadvantage of the functional structure is that the barriers due to differences in goals and processes between functions can prevent functions from working together on projects.
A)True
B)False
Q2) A manager's right to make decisions,issue orders,and allocate resources best defines
A)responsibility.
B)authority.
C)accountability.
D)reliability.
Q3) Advantages of the flat structure include
A)the decision process includes all members of the team,which builds employee morale. B)eliminating layers of middle management makes it possible for employee comments and feedback.
C)customer feedback reaches all levels of the organization.
D)all of the above.
Q4) Identify nine reasons organizations outsource projects.
Q5) Under what conditions will the department structure work well?
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Chapter 12: Project Success
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80 Verified Questions
80 Flashcards
Source URL: https://quizplus.com/quiz/42942
Sample Questions
Q1) For projects to be successful,project strategy,project leadership,project management,and good communications are essential.
A)True
B)False
Q2) Leadership behaviors for people management include supporting,developing,mentoring,and recognizing behaviors.
A)True
B)False
Q3) Good listeners interrupt the speaker when they have an important question.
A)True
B)False
Q4) When a speaker clenches his/her fists or crosses his/her arms,this shows uncertainty.
A)True
B)False
Q5) Skill level refers to a variety of individual attributes including personality,temperament,needs,motives,and values.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 14