Liberty University BUSI 313 Quiz 2 Complete Solutions Correct Answers Key

A fully answered Quiz 2 for BUSI 313, ensuring effective exam preparation.

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Liberty UniversityBUSI 313 quiz2Complete Solutions Correct Answers KeyQuestion 1 A typical responsibility matrix will include not only those responsible for a specific taskbut can also include those who supply support and assistance.Question 2 Integrating a project's work packages within the organization's management structureis known as work breakdown structure.Question 3 If the project time should be accepted, then the project must be completed on time.Question 4 In reviewing the project plan, Susan sees that the first prototype must be completedby October 12. This would be best classified as aQuestion 5 Which of the following is a good example of a Process Breakdown Structure?Question 6 There are 5 steps involved when defining a project;which of the following is the first?Question 7 The final stage in defining a project is coding the organization breakdown structure orOBS for the information system.Question 8 For large companies, the organization breakdown structure is used rather than thework breakdown structure.Question 9 The highest element in the hierarchical breakdown of the WBS is the first majordeliverable for the project and the lowest element is a work package.Question 10 Accounting would be an example of which of the following costs typically found in aproject?Question 11 Estimates are supposed to be based on normal conditions. While this is a goodstarting point, it rarely holds true in real life.Question 12Cost, time,and budget estimatesare the lifelineforcontrol;theyserve asthestandard for comparison of the actual and the planned throughout the life of the project.Question 13 Refining estimates may be necessary for a number of reasons. For example, peopleworking on prototype development needing time to interact with the design engineers after thedesign is completed is a good example ofQuestion 14 A good starting point for developing time and cost estimates is

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University

Liberty University

Course

BUSI 320

Subject

Business Management

Liberty University BUSI 313 Quiz 2 Complete Solutions Correct Answers Key

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