WGU Project Management C722 Unit 3 Module 7 Quiz
with verified answers
_____ project selection models measure the financial returns of the project and
include: payback period, net present value, and internal rate of return as part of
the measurement.
a. non-numeric
b. profitability based Ans✓✓✓ b. profitability based
_____ project selection models use selection criteria that are not limited to
traditional numeric performance measures such as ROI, profit, and revenue, etc.
a. ease of use
b. comparable Ans✓✓✓ a. ease of use
_____ project selection models use selection criteria that are not limited to
traditional numeric performance measures such as ROI, profit, and revenue, etc.
a. scoring
b. non-numeric Ans✓✓✓ b. non-numeric
______ calculates the amount of time required to earn back the cost of doing the
project.
a. internal rate of return
b. payback period Ans✓✓✓ b. payback period
______ is a financial measure of the total future benefits of a project minus the
cost of the project.
a. future net cash flows
,b. net present value Ans✓✓✓ b. net present value
_______ project selection models should provide results in a reasonable amount
of time which is easily understood by the decision makers.
a. low cost
b. ease of use Ans✓✓✓ b. ease of use
_______ project selection models use a series of questions to evaluate each
potential project and then the answers to the questions would be compared to
determine whether a project is accepted or rejected.
a. checklist
b. profit Ans✓✓✓ a. checklist
____________ calculates the amount of time required to earn back the cost of
doing the project.
Payback period
Time value of money
Internal rate of return Ans✓✓✓ a. payback period
Payback period calculates the amount of time required to earn back the cost of
doing the project.
____________ is a financial measure of the total future benefits of a project
minus the cost of the project.
, Future net cash flows
Opportunity cost
Net present value Ans✓✓✓ c. net present value
Net present value (NPV) is a financial measure of the total future benefits of a
project minus the cost of the project.
____________ models measure the financial returns of the project and include:
payback period, net present value, and internal rate of return as part of the
measurement.
Profit/Profitability-based
Checklist project selection
Non-numeric project selection Ans✓✓✓ a. Profit/profitability based
Profit/Profitability based models measure the financial returns of the project and
include: payback period, net present value, and internal rate of return as part of
the measurement.
____________ project selection models should provide results in a reasonable
amount of time which is easily understood by the decision makers.
Low cost
with verified answers
_____ project selection models measure the financial returns of the project and
include: payback period, net present value, and internal rate of return as part of
the measurement.
a. non-numeric
b. profitability based Ans✓✓✓ b. profitability based
_____ project selection models use selection criteria that are not limited to
traditional numeric performance measures such as ROI, profit, and revenue, etc.
a. ease of use
b. comparable Ans✓✓✓ a. ease of use
_____ project selection models use selection criteria that are not limited to
traditional numeric performance measures such as ROI, profit, and revenue, etc.
a. scoring
b. non-numeric Ans✓✓✓ b. non-numeric
______ calculates the amount of time required to earn back the cost of doing the
project.
a. internal rate of return
b. payback period Ans✓✓✓ b. payback period
______ is a financial measure of the total future benefits of a project minus the
cost of the project.
a. future net cash flows
,b. net present value Ans✓✓✓ b. net present value
_______ project selection models should provide results in a reasonable amount
of time which is easily understood by the decision makers.
a. low cost
b. ease of use Ans✓✓✓ b. ease of use
_______ project selection models use a series of questions to evaluate each
potential project and then the answers to the questions would be compared to
determine whether a project is accepted or rejected.
a. checklist
b. profit Ans✓✓✓ a. checklist
____________ calculates the amount of time required to earn back the cost of
doing the project.
Payback period
Time value of money
Internal rate of return Ans✓✓✓ a. payback period
Payback period calculates the amount of time required to earn back the cost of
doing the project.
____________ is a financial measure of the total future benefits of a project
minus the cost of the project.
, Future net cash flows
Opportunity cost
Net present value Ans✓✓✓ c. net present value
Net present value (NPV) is a financial measure of the total future benefits of a
project minus the cost of the project.
____________ models measure the financial returns of the project and include:
payback period, net present value, and internal rate of return as part of the
measurement.
Profit/Profitability-based
Checklist project selection
Non-numeric project selection Ans✓✓✓ a. Profit/profitability based
Profit/Profitability based models measure the financial returns of the project and
include: payback period, net present value, and internal rate of return as part of
the measurement.
____________ project selection models should provide results in a reasonable
amount of time which is easily understood by the decision makers.
Low cost
