Question # 1 If you deposit $100 per month for two (2) years and earn interest at 12% APR (Annual Percentage Rate) compounded monthly, how much will you have at the end of the period?
A. $2,424
B. $2,976
C. $2,688
D. $2,697
Click for Answer
B. $2,976
Question # 2 Two of the most important things to know when planning a speech or lecture are the ______________and______________ of your audience. A. Motivation, professionalism
B. Background, attitude
C. Political preference, sense of humor
D. Culture, understanding
Click for Answer
B. Background, attitude
Question # 3 A major theme park is expanding the existing facility over a five-year period. The design phase will be completed one year after the contract is awarded. Major engineering drawings will be finalized two years after the design contract is awarded and construction will begin three years after the award of thedesign contract. New, unique ride technology will be used and an estimate will need to be developed to identify these costs that have no historical data.
A. Ratio/level of effort
B. Start/finish
C. Units completed
D. Incremental milestone
Click for Answer
A. Ratio/level of effort
Question # 4 An agricultural corporation that paid 53% in income tax wanted to build a grain elevator designed to last twenty-five (25) years at a cost of $80,000 with no salvage value. Annual income generated would be $22,500 and annual expenditures were to be $12,000.
A. Construction cost, operating cost, maintenance cost
B. Factory expenses, distribution expenses, mark-up
C. Capacity factor, end product units, physical dimensions
D. Resources, work activities, final cost objects
Click for Answer
A. Construction cost, operating cost, maintenance cost
Question # 5 A used concrete pumping truck can be purchased for $125,000. The operation costs are expected to be $65,000 the first year and increase 5% each year thereafter. As a result of the purchase, the company will see an increase in income of $100,000 the first year and 5% more each subsequent year. The company uses straight-line depreciation. The truck will have a useful life of five (5) years and no salvage value. Management would like to see a 10% return on any investment. The company's tax rate is 28%.
A. 82%
B. 75%
C. 90%
D. 84%
Click for Answer
D. 84%
Question # 6 Deliberate low bidding is often referred to as buying the job. Which of the following would not be a reason for low bidding?
A. SurvivalB. Backing out of the bid competition
C. Reducing cm eliminating competition
D. Detecting significant errors in the purchaser's request for quote
Click for Answer
B. Backing out of the bid competition
Question # 7 A major theme park is expanding the existing facility over a five-year period. The design phase will be completed one year after the contract is awarded. Major engineering drawings will be finalized two years after the design contract is awarded and construction will begin three years after the award of the design contract. New, unique ride technology will be used and an estimate will need to be developed to identify these costs that have no historical data.
A. The ability to determine cost overruns of critical path activities
B. The ability to identify activities that cannot have their schedules slip if the desired project end date is to be achieved
C. Reveals activities that additional resources need to be dedicated toward
D. The ability to show slippage in the progress of key activities
Click for Answer
A. The ability to determine cost overruns of critical path activities
Question # 8 What relationship more accurately defines a situation model of parallel activities that require a partial start of one activity?
A. Start to start
B. Star to finish
C. Finish to start
D. Finish to finish
Click for Answer
A. Start to start
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