CA Foundation Business Economics Questions 2023 - Part 32
Fri, 03 Mar 2023
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1. Ben is the project manager of the CMH Project for his organization. He has identified a risk that has a low probability of happening, but the impact of the risk event could save the project and the organization with a significant amount of capital. Ben assigns Laura to the risk event and instructs her to research the time, cost, and method to improve the probability of the positive risk event. Ben then communicates the risk event and response to management. What risk response has been used here?
A) Enhance
B) Transference
C) Sharing
D) Exploit
2. You are the project manager for ABC project. You are planning for when and how human resource requirements will be met. You are working on ____.
A) Scope management plan
B) Project organization chart
C) Staffing management plan
D) Resource calendar
3. Jeff works as a project manager for BlueWell Inc. He is determining which risks can affect the project. Which of the following are the inputs to the identify risks process that Jeff will use to accomplish the task? Each correct answer represents a complete solution.Choose all that apply.(Select 3answers)
A) Risk management plan
B) Activity cost estimates
C) Scope baseline
D) Risk register
4. Which of the following types of agreement creates a confidential relationship between the parties to protect any type of confidential and proprietary information or a trade secret?
A) CNC
B) NDA
C) SLA
D) Non-price competition
5. Gary is the project manager for his organization. He is working with the project stakeholders on the project requirements and how risks may affect their project.One of the stakeholders is confused about what constitutes risks in the project. Which of the following is the most accurate definition of a project risk?
A) It is an unknown event that can affect the project scope.
B) It is an uncertain event that can affect at least one project objective.
C) It is an uncertain event that can affect the project costs.
D) It is an uncertain event or condition within the project execution.
A) Enhance
B) Transference
C) Sharing
D) Exploit
2. You are the project manager for ABC project. You are planning for when and how human resource requirements will be met. You are working on ____.
A) Scope management plan
B) Project organization chart
C) Staffing management plan
D) Resource calendar
3. Jeff works as a project manager for BlueWell Inc. He is determining which risks can affect the project. Which of the following are the inputs to the identify risks process that Jeff will use to accomplish the task? Each correct answer represents a complete solution.Choose all that apply.(Select 3answers)
A) Risk management plan
B) Activity cost estimates
C) Scope baseline
D) Risk register
4. Which of the following types of agreement creates a confidential relationship between the parties to protect any type of confidential and proprietary information or a trade secret?
A) CNC
B) NDA
C) SLA
D) Non-price competition
5. Gary is the project manager for his organization. He is working with the project stakeholders on the project requirements and how risks may affect their project.One of the stakeholders is confused about what constitutes risks in the project. Which of the following is the most accurate definition of a project risk?
A) It is an unknown event that can affect the project scope.
B) It is an uncertain event that can affect at least one project objective.
C) It is an uncertain event that can affect the project costs.
D) It is an uncertain event or condition within the project execution.
1. Right Answer: A
Explanation:
2. Right Answer: C
Explanation:
3. Right Answer: A,B,C
Explanation:
4. Right Answer: B
Explanation:
5. Right Answer: B
Explanation:
Explanation:
2. Right Answer: C
Explanation:
3. Right Answer: A,B,C
Explanation:
4. Right Answer: B
Explanation:
5. Right Answer: B
Explanation:
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