APSC 221 FINAL M Question and answers rated A+ 2024/2025
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APSC 221
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APSC 221
APSC 221 FINAL M Question and answers rated A+ 2024/2025 APSC 221 FINAL M/C, exam, APSC 221 Final Exam, Chapter 7 Risk Management
Parametric cost estimating is the use of historical cost data and statistical techniques to predict ________ costs - correct answer future
Decisional equivalenc...
APSC 221 FINAL M/C, exam, APSC 221
Final Exam, Chapter 7 Risk Management
Parametric cost estimating is the use of historical cost data and statistical
techniques to predict ________ costs - correct answer ✔future
Decisional equivalence is a consequence of the __________ on the part of a
decision maker among available choices - correct answer ✔indifference
Market equivalence is a consequence of the ability to _________ one cash
flow for another at zero cost - correct answer ✔exchange
Mathematical equivalence is a consequence of the mathematical relationship
between ____________ - correct answer ✔time and money
A cash flow diagram is a graph that summarizes the timing and __________
of cash flows as they occur over time - correct answer ✔magnitude
Effective interest rate is the actual, but not usually stated interest rate found
by converting a given rate with ___________ compounding period to an
equivalent interest rate with a one-year compounding period - correct answer
✔an arbitrary
In determining relevant risks and formulating proactive strategies for their
mitigation, the project team can pay a little in terms of extra time and cost
initially, or it must be prepared to ______________ - correct answer ✔spend
time planning, scheduling, and controlling project variables
Which is NOT one of the risk management steps? - correct answer
✔planning and scheduling
, The period of highest risk impact in a project's life span occurs - correct
answer ✔between the implementation and termination phases (execute and
finish)
A risk impact matrix compares - correct answer ✔consequences and
likelihood
What are the two dimensions of change management? - correct answer
✔human and organizational
What are the four classic outcomes from change, which reflect the risks and
the ways to avoid them? - correct answer ✔The disaster, the lost investment,
the partial success, and the ideal
Variable costs are those associated with an operation that varies with the
quantity of _____________ - correct answer ✔output or other measures of
activity level
For present worth calculations when N ---> infinity, you can use - correct
answer ✔P=A/i
Projects are _________ if in the process of choosing one, all other
alternatives are excluded - correct answer ✔mutually exclusive (it would be
impossible to do both options)
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