Please review the videos and lecture slides to answer the MCQs.

1) Good estimating requires that information be collected prior to the initiation of the estimating process

• True
• False

2) This activity schedules the development of the work breakdown structure and provides management with two of the three operational tools necessary for the control of a system or project.

• Pricing process
• Workbreak down Structure
• None of the above

3) The ______________________________ acts as a management information system, forming the basis for the systems approach to resource control.

• Project pricing model
• Strategic planning model
• Both the above

4) The process of identifying the financial benefits is called ___________________________, which may be defined as the decision-making process by which organizations evaluate projects that include the purchase of major fixed assets such as buildings, machinery, and equipment.

• Capital budgeting
• Project pricing
• None of the above

5) The internal rate of return is the discount rate where the present value of the cash inflows exactly equals the initial investment.

• True
• False