Buad 260 - Study guides, Class notes & Summaries

BUAD 260 Test 3 Questions and Answers All of the following statements correctly describe a contemporary approach to create the Work Breakdown Structure (WBS) for a project EXCEPT: a. Project teams may rely upon the project manager to create all levels of the WBS. b. Project teams may jump start the WBS construction with a brainstorming session. c. Project teams may use a template or a WBS from a previous project as a starting point. d. Project teams may adopt a top-down approach...

BUAD 260 Test 1 Questions and Answers A project sponsor is wise not to sign a project charter authorizing work until the project manager and team show that they are ___: A) Learned to work together well. B) reviewed lessons learned from recently completed projects in order to avoid similar mistakes. C) gathered requirements from the stakeholders D) prepared a comprehensive schedule and budget. - Answer-B) reviewed lessons learned from recently completed projects in order to avoid similar...

____ is good or right in conduct or character. a. Law b. Moral c. Justice d. Dispute e. Contract moral ____ law sets forth the rules for enforcing substantive law. a. Procedural b. Public c. Private d. Civil e. Criminal procedural The principle that courts should apply rules decided in prior cases in deciding substantially similar cases is known as ___________. a. equity b. stare decisis c. Uniform Commercial Code d. substantive law e. procedural law stare decisis Reading ONLY the title of th...

A milestone is a typical measuring point used when establishing cost control. Which of the following does NOT accurately describes the use of cost control milestones? a. Milestones are often identified in the project charter. b. Milestones are developed during risk planning. c. Project managers and sponsors often decide the number of milestones jointly. d. Project managers can use their cash flow projections to determine the funding needed to reach each milestone. b. Milestones are developed...

A project sponsor is wise not to sign a project charter authorizing work until the project manager and team show that they are ___: A) Learned to work together well. B) reviewed lessons learned from recently completed projects in order to avoid similar mistakes. C) gathered requirements from the stakeholders D) prepared a comprehensive schedule and budget. B) reviewed lessons learned from recently completed projects in order to avoid similar mistakes. Project Charters typically include all of ...

All of the following accurately describe the features and characteristics of a contract EXCEPT: a. A contract binds both the seller and the buyer. b. The project organization is always a buyer in a contract arrangement c. A contract obligates the buyer to pay for a specified product or service. d. A contract obligates the seller to provide a specified product or service. b. The project organization is always a buyer in a contract arrangement All of the following items are generally consider...

Ann promises to sell Bart an automobile for which Bart promises to pay $10,000 by monthly installments over the next three years. I. What is Ann's right under the contract? II. What is Ann's duty under the contract? III. What is Bart's right under the contract? IV. What is Bart's duty under the contract? I. To receive $10,000 from Bart II. To transfer title and possession to Bart III. To receive title and possession from Ann IV. To pay Ann $10,000 Bart assigned his right to take title a...