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1. A project manager identifies that a task on the critical path is delayed by 3
days. What is the most likely impact on the project?
A. Only quality will be affected
B. The overall project completion date will be delayed
C. Non-critical tasks will be eliminated
D. Budget will automatically decrease
Answer: B – Correct Answer
Rationale: In Critical Path Method (CPM), any delay on the critical path directly
impacts the project completion date, since these tasks have zero float.
2. Which financial statement shows a company’s assets, liabilities, and equity
at a specific point in time?
A. Income Statement
B. Cash Flow Statement
C. Balance Sheet
D. Statement of Retained Earnings
Answer: C – Correct Answer
Rationale: The Balance Sheet provides a snapshot of a company’s financial
position at a specific date.
3. A company experiences rising costs while revenue remains constant. What
will most likely happen to profit?
, A. Profit increases
B. Profit decreases
C. Profit remains unchanged
D. Profit becomes negative immediately in all cases
Answer: B – Correct Answer
Rationale: When costs increase without revenue growth, profit margins
decrease, reducing overall profit.
4. Which of the following best describes cloud computing?
A. Physical storage of data on personal devices
B. Delivery of computing services over the internet
C. Manual processing of data using spreadsheets only
D. Offline software installation on local servers
Answer: B – Correct Answer
Rationale: Cloud computing refers to delivering computing services such as
storage, servers, and software over the internet.
5. A business wants to reduce risk in international trade. Which strategy is
most appropriate?
A. Ignoring exchange rate fluctuations
B. Hedging currency exposure
C. Increasing single-market dependency
D. Avoiding all foreign transactions
Answer: B – Correct Answer
Rationale: Hedging helps reduce financial risk from currency fluctuations in
international markets.
6. What is the primary purpose of an internal audit?
A. Increase sales revenue
B. Evaluate internal controls and risk management
C. Set product pricing
D. Hire employees
,Answer: B – Correct Answer
Rationale: Internal audits assess controls, compliance, and risk management
effectiveness.
7. Which algorithm type is commonly used for sorting data efficiently?
A. Linear regression
B. Bubble sort
C. Neural networks
D. Hash encryption
Answer: B – Correct Answer
Rationale: Bubble sort is a basic sorting algorithm used to arrange data in order.
8. If demand increases while supply remains constant, what is the expected
effect on price?
A. Price decreases
B. Price remains stable
C. Price increases
D. Price becomes zero
Answer: C – Correct Answer
Rationale: Higher demand with constant supply leads to upward pressure on
price.
9. Which term describes the process of converting raw data into meaningful
information?
A. Encryption
B. Data processing
C. Compression
D. Archiving
Answer: B – Correct Answer
Rationale: Data processing transforms raw data into useful information.
10.What is the main goal of diversification in investment?
A. Increase risk
, B. Reduce risk
C. Eliminate taxes
D. Guarantee profit
Answer: B – Correct Answer
Rationale: Diversification spreads investments to reduce overall risk exposure.
11.A company improves employee training programs primarily to:
A. Reduce productivity
B. Increase efficiency and performance
C. Increase layoffs
D. Reduce communication
Answer: B – Correct Answer
Rationale: Training enhances skills and productivity, improving performance.
12.What does KPI stand for in business management?
A. Key Performance Indicator
B. Known Productivity Index
C. Key Process Integration
D. Knowledge Profit Index
Answer: A – Correct Answer
Rationale: KPI (Key Performance Indicator) measures performance against
objectives.
13.Which cybersecurity threat involves tricking users into revealing sensitive
information?
A. Firewall breach
B. Phishing
C. Data compression
D. Load balancing
Answer: B – Correct Answer
Rationale: Phishing uses deceptive communication to steal sensitive data.