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BUSI 408 Exam 3 Study Guide | Key Concepts & Practice Questions

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Get ready for BUSI 408 Exam 3 with this targeted study guide covering essential concepts, exam-focused topics, and practice questions. Designed to help students review efficiently, reinforce understanding, and prepare confidently for Exam 3. Perfect for structured revision and improved exam performance.

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Institution
BUSI 408
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BUSI 408

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Uploaded on
December 15, 2025
Number of pages
7
Written in
2025/2026
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BUSI 408 exam 3 Questions & Answers


Agile does not emphasize the triple
constraint when structuring contracts
The balanced scorecard does not
include external threats
Baselined project management plan is
the official completed project
management plan that has been
accepted by stakeholders
Conducted with prospective suppliers prior to bid preparation to address
Bidder conferences
concerns and to provide clarifications

Closeout reports should include: summary status and lessons learned

Configuration management system Does not include maintenance

Activities that include inspection, deliverable, peer reviews, and the testin
Control quality
process

Control quality


Cost of quality Cost of conformance + cost of nonconformance

, BUSI 408 exam 3 Questions & Answers

The cost of quality is a sum of the cost
of conformance of quality and cost of
non-conformance of quality
Buyer reimburses the seller for the sellers allowable costs and pays the se
Cost-plus-incentive-fee contract
fee if it meets defined performance criteria

Customer satisfaction= perception+expectation

Daily deliveries are not a project
cadence
Dashboard


A method of identifying risks by gathering information and reaching a
Delphi Technique
consensus among anonymous experts on the subject.

The difference between actual and
baseline is how you are doing on quality.

Expectation is the baseline and the
reality is the actual

If the team completes work sooner than expected they get a higher hourl
Graduated fixed price
for their work but if they are slower they get lower hourly rates

The higher the risk the higher you
should increase your reserves

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