BUSI 313 Test 1 Question and answers
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program - correct answer ✔a group of related projects designed to accomplish a common goal over
an extended period of time
project - correct answer ✔A temporary endeavor undertaken to create a unique product, service, or
result.
project life cycle - correct answer ✔The stages found in all projects— definition, planning, execution,
and delivery.
project management professional - correct answer ✔An individual who has met specific education and
experience requirements set forth by the Project Management Institute, has agreed to adhere to a code
of professional conduct, and has passed an examination designed to objectively assess and measure
project management knowledge. In addition, a PMP must satisfy continuing certification requirements
or lose the certification.
Implementation gap - correct answer ✔The lack of consensus between the goals set by top
management and those independently set by lower levels of management. This lack of consensus leads
to confusion and poor allocation of organization resources.
Net Present Value (NPV) - correct answer ✔A minimum desired rate of return discount is used to
compute present value of all future cash inflows and outflows.
Organization politics - correct answer ✔Actions by individuals or groups of individuals to acquire,
develop, and use power and other resources to obtain preferred outcomes when there is uncertainty or
disagreement over choices.
rated A+ 2026
program - correct answer ✔a group of related projects designed to accomplish a common goal over
an extended period of time
project - correct answer ✔A temporary endeavor undertaken to create a unique product, service, or
result.
project life cycle - correct answer ✔The stages found in all projects— definition, planning, execution,
and delivery.
project management professional - correct answer ✔An individual who has met specific education and
experience requirements set forth by the Project Management Institute, has agreed to adhere to a code
of professional conduct, and has passed an examination designed to objectively assess and measure
project management knowledge. In addition, a PMP must satisfy continuing certification requirements
or lose the certification.
Implementation gap - correct answer ✔The lack of consensus between the goals set by top
management and those independently set by lower levels of management. This lack of consensus leads
to confusion and poor allocation of organization resources.
Net Present Value (NPV) - correct answer ✔A minimum desired rate of return discount is used to
compute present value of all future cash inflows and outflows.
Organization politics - correct answer ✔Actions by individuals or groups of individuals to acquire,
develop, and use power and other resources to obtain preferred outcomes when there is uncertainty or
disagreement over choices.
