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Test Bank for Project Management in Practice 7th Edition by Jack R. Meredith & Scott M. Shafer | Chapters 1–8 Complete | Latest Updated 2025–2026

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Prepare for project management courses with the Test Bank for Project Management in Practice, 7th Edition by Jack R. Meredith and Scott M. Shafer. This comprehensive study resource covers Chapters 1–8 and includes practice questions designed to reinforce key concepts in project planning, organization, risk management, budgeting, scheduling, resource allocation, monitoring and control, and project evaluation and closure. The textbook's companion resources include a test bank and other instructor materials. The 7th edition provides practical coverage of the project management life cycle and emphasizes the tools and techniques managers use to successfully plan, execute, monitor, and close projects.

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Test Bank For
Project Management in Practice, 7th Edition Meredith
Chapter 1-8




Copyright ©2017 John Wiley & Sons, Inc.

,https://www.stuvia.com/user/lectkeshi




Chapter 1: The World of Project Management

True/False
1. A primary purpose of forming projects is to assign the responsibility for
accomplishing some organizational task to a specific person or small group.

Answer: True
Response: See section 1.1 Level:
easy



2. One of the few similarities between project management and general
management is that both exist in the well-defined organizational structure of
superior/subordinates in the overall organization.

Answer: False
Response: See section 1.2 Level:
medium



3. Many recent developments in project management are being driven by changes in
the nature of the American workforce.

Answer: False
Response: See section 1.1 Level:
medium



4. There has been a growing use of projects to achieve an organization’s strategic
goals

Answer: True
Response: See section 1.1 Level:
medium




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Copyright ©2017 John Wiley & Sons, Inc.

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IF YOU WANT THIS DOCUMENT EMAIL ME AT,


TO GET THE FULL DOCUMENT IN PDF FORMAT.




Copyright ©2017 John Wiley & Sons, Inc.

, https://www.stuvia.com/user/lectkeshi




5. While general managers have their authority limited to specific areas in the
overall organization, project managers have authority over any activity required
by the project.

Answer: False
Response: See section 1.2
Level: medium



6. Projects are always carried out under conditions of uncertainty.

Answer: True
Response: See section 1.3
Level: easy



7. One can trade-off time and cost when managing a project, but the project’s
technical specifications must be maintained exactly as the client initially specifies.

Answer: False
Response: See section 1.3
Level: medium



8. Nonnumeric project selection methods are only suitable if numeric methods are
not available.

Answer: False
Response: See section 1.5
Level: medium


9. When using financial methods for selecting projects, the payback period is the
simplest and best method to use.

Answer: False
Response: See section 1.5
Level: medium



10 Rank-ordering a large number of projects can be done with a Q-sort.




Copyright ©2017 John Wiley & Sons, Inc.

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