Q1. You are reporting the following Earned Value Analysis information for the project: EV= $1,500,000 AC=$1.000,000 PV= $2,000,000 What is the status of the project?
A.Project is ahead of schedule, but over budget
B. Project is behind schedule, but over budget
C. Project is behind schedule, but under budget
D. Project is ahead of schedule, but under budget
Correct Answer: C
Q2. Which of the following best describes the three key participants for projects that are executed under a three-party contractual relationship?
A.Contracting officer, contractor, and contractor project manager
B. Procurement officer, underwriter, and project manager
C. Owner, engineer, contractor
D. Client, project manager, procurement manager
Correct Answer: C
Q3. You are reporting the following Earned Value Analysis information for the project: EV= $1,500,000 AC=$1.000,000 PV= $2,000,000 What is the status of the project?
A.Project is ahead of schedule, but over budget
B. Project is behind schedule, but over budget
C. Project is behind schedule, but under budget
D. Project is ahead of schedule, but under budget
Correct Answer: C
Q4. A used concrete pumping truck can be purchased for $125,000. The operation costs are expected to be $65,000 the first year and increase 5% each year thereafter. As a result of the purchase, the company will see an increase in income of $100,000 the first year and 5% more each subsequent year. The company uses straight-line depreciation. The truck will have a useful life of five (5) years and no salvage value. Management would like to see a 10% return on any investment. The company's tax rate is 28%. All of the following are characteristics of standard normal distribution, except:
A.means and median are not equal
B. about 68% of its value is within one standard deviation
C. the total area underneath the curve is 1
D. the curve shape is symmetrical
Correct Answer: A
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