14) Project planning focuses on defining clear, discrete tasks and the work needed to complete each task Answer: T F 15) The major outcomes and deliverables from project initiation and planning are the baseline project plan and the project scope statement Answer T F 16) The project charter reflects the best estimate ofthe projects scope, benefits, costs, risks, and resource requirements, given the current understanding of the project. Answer T F 17) Economic feasibality is a process of identifying the financial benefits and costs associated with a development project Answer: T F 18) Opening new markets and increasing sales opportunities are both examples of tangible benefit Answer T F 19) Increased flexibility is an example of an intangible benefit Answer T F 20) Site preparation is an example of a ono-time cost Answer: T F 21) Variable costs are costs resulting from the ongoing evelution and use of a system Answer: T F value of moncy (TVM) compares present cash outlays to future expected returns Answer. T F 23) Because many projects may be competing for the same investment dollars and may have different uscful life expectancies, all costs and benefits must be viewed in relation to their present rather than future value when comparing investment options. Answer: T F 24) Using a discount rate of 10 percent, the present value of a $2,500 benefit received five years from now is $1,552 30 Answer T F 23) Using a discount rate of 14 percent, the present value ofa $10,000 benefit received five years from now is $5.500.49. Answer: T F 26) Using a discount rate of 12 percent, the present valuc of a S50,500 benefit received two years from now is $40,258.29 Answer: T F 27) The objective of return on investment (ROI) analysis is to discover at what point cumulative benefits equal costs Answer: T F 28) If the net present value (NPV) of all costs is $100,000 and the NPV of all benefits is $170,000, then the ROI would be 35S peroent Answer: T F 29) Most techniques for analyzing economic feasibility employ the time valuc of moncy concept. Answer T F