ISDS 351 Exam 2 Practice UPDATED
Exam Questions and CORRECT Answers
1. The critical path on a project can change as the project progresses. - CORRECT
ANSWER - True
2. On a project is a significant event that normally has no duration:, - CORRECT
ANSWER - Milestone
3. The ______ for an activity is the latest possible time an activity might begin without delaying
the project finish date., - CORRECT ANSWER - Late Start Date
5. _____ involves the exchange of money for goods and services over electronic networks. -
CORRECT ANSWER - E commerce
6. An online tool designed to facilitate the submission of requests for quotations for a wide range
of commercial products and services is - CORRECT ANSWER - Ebuy
7. Consumer to consumer C2C ecommerce is the exchange of goods and services between: -
CORRECT ANSWER - Individuals by a third party
8. _______ are private stores that offer additional customer services beyond simply placing an
order. - CORRECT ANSWER - Customer Portals
9. Cost variance is: - CORRECT ANSWER - the earned value minus the actual cost.
10. _______ estimate is used for making many purchasing decisions for which accurate estimates
are required and for estimating final project costs. - CORRECT ANSWER - Definitive
, 11. Spreadsheets are a common tool for cost estimating, cost budgeting, and cost control. -
CORRECT ANSWER - True
12. If the cost estimate for a project is a basis for contract awards and performance reporting, it
should be a(n) estimate and as accurate as possible. - CORRECT ANSWER - Definitive
13. _______ are designed to deal with differences in currencies and fluctuating currency
exchange rates, which can cause additional problems in consolidating financial data. -
CORRECT ANSWER - Enterprise Resource System
14. Which of the following is the objective of customer relationship management CRM
software? - CORRECT ANSWER - To capture data about every contact a company has
with a customer through every channel and to store it in the system
15. Which of the following organizations is a discrete manufacturer? - CORRECT
ANSWER - A plane turbine manufacturing company in South Africa
16. Which of the following provides improved access to quality data for operational decision
making, elimination of costly and inflexible legacy systems, and simplified consolidation of
financial data? - CORRECT ANSWER - An enterprise resource planning system
17. includes the planning, execution, and control of all activities involved in raw material
sourcing and procurement, conversion of raw materials to finished products, and the
warehousing and delivery of finished products to customers. - CORRECT ANSWER -
Supply Chain Management
18. is a family of data formats that helps people automatically receive feeds anytime there are
new postings to their favorite blog sites, updates in the news headlines, new job listings, or new
information posted at specified Web sites. - CORRECT ANSWER - Really Simple
Syndication
20. ________ can be a good way for a corporation to make itself appear more personable and
appealing. - CORRECT ANSWER - Corporate blogging
Exam Questions and CORRECT Answers
1. The critical path on a project can change as the project progresses. - CORRECT
ANSWER - True
2. On a project is a significant event that normally has no duration:, - CORRECT
ANSWER - Milestone
3. The ______ for an activity is the latest possible time an activity might begin without delaying
the project finish date., - CORRECT ANSWER - Late Start Date
5. _____ involves the exchange of money for goods and services over electronic networks. -
CORRECT ANSWER - E commerce
6. An online tool designed to facilitate the submission of requests for quotations for a wide range
of commercial products and services is - CORRECT ANSWER - Ebuy
7. Consumer to consumer C2C ecommerce is the exchange of goods and services between: -
CORRECT ANSWER - Individuals by a third party
8. _______ are private stores that offer additional customer services beyond simply placing an
order. - CORRECT ANSWER - Customer Portals
9. Cost variance is: - CORRECT ANSWER - the earned value minus the actual cost.
10. _______ estimate is used for making many purchasing decisions for which accurate estimates
are required and for estimating final project costs. - CORRECT ANSWER - Definitive
, 11. Spreadsheets are a common tool for cost estimating, cost budgeting, and cost control. -
CORRECT ANSWER - True
12. If the cost estimate for a project is a basis for contract awards and performance reporting, it
should be a(n) estimate and as accurate as possible. - CORRECT ANSWER - Definitive
13. _______ are designed to deal with differences in currencies and fluctuating currency
exchange rates, which can cause additional problems in consolidating financial data. -
CORRECT ANSWER - Enterprise Resource System
14. Which of the following is the objective of customer relationship management CRM
software? - CORRECT ANSWER - To capture data about every contact a company has
with a customer through every channel and to store it in the system
15. Which of the following organizations is a discrete manufacturer? - CORRECT
ANSWER - A plane turbine manufacturing company in South Africa
16. Which of the following provides improved access to quality data for operational decision
making, elimination of costly and inflexible legacy systems, and simplified consolidation of
financial data? - CORRECT ANSWER - An enterprise resource planning system
17. includes the planning, execution, and control of all activities involved in raw material
sourcing and procurement, conversion of raw materials to finished products, and the
warehousing and delivery of finished products to customers. - CORRECT ANSWER -
Supply Chain Management
18. is a family of data formats that helps people automatically receive feeds anytime there are
new postings to their favorite blog sites, updates in the news headlines, new job listings, or new
information posted at specified Web sites. - CORRECT ANSWER - Really Simple
Syndication
20. ________ can be a good way for a corporation to make itself appear more personable and
appealing. - CORRECT ANSWER - Corporate blogging
