Question 1

If a company depreciates an asset purchased for $10M over seven years using the straight-line method, what is the total depreciation expense at the end of year 5?

A	$7,142,857
B	$14,000,000
C	$9,999,997
D	$1,428,571

Question 2

Which option should be selected if base the decision on the Net Present Value?

A	The option that has the higher Net Present Value
B	The option that has the lower Net Present Value

Question 3

The three dimensions of performance in Earned Value Project Management are:

A	Actual Cost, Earned Value, and Schedule Variance
B	Actual Cost, Earned Value, and Planned Value
C	Actual Cost, Planned Value, and Scheduled Variance
D	Cost Variance, Planned Value, and Schedule Variance

Question 4

A sprint retrospective is similar to a sprint review, except that the focus is not on the product but on the process used to build the product. True or False?

A	TRUE
B	FALSE

Question 5

The statement "change is incorporated at periodic intervals" best describes projects with what type of development life cycle?

A	Both Iterative and Incremental
B	Predictive
C	Incremental
D	Agile

Question 6

Using Earned Value Management in projects, multi-functional control account plans should have:

A	A Precise Scope of work, a Schedule, a Budget, and a CAP Manager
B	A point of Management control from WBS, Homogenous Work scope, Multiple Functions, and Earned Value Performance Measured
C	Organizational Breakdown Structure, Work Breakdown Structure, Control Account Plans, and Points of Management Control

Question 7

Per Agile (scrum methodology), what is the definition of a BACKLOG?

A	It is a prioritized list of desired products or product features/capabilities developed from user stories. Backlogs typically exist at two levels of detail: product and sprint. Many organizations also maintain a backlog at a higher portfolio level
B	It includes the "activities of writing and refining, estimating, and prioritizing product backlog items"
C	It is: (1) a combination of features when packaged together forms a coherent user deliverable or (2) a product version promoted for use or deployment
D	It is a short duration development cycle, typically between a week and a month, during which the agile team is focused on producing a potentially shippable product increment that meets the team's definition of done

Question 8

If a company has assets of $8M, total liabilities of $5M, and net cash flow of $1M per month, what is the company's equity?

A	$3,000,000
B	$4,000,000
C	$3,500,000
D	$5,000,000

Question 9

At some point in the life of a project, the project manager determined the following data on a $1,250,000 authorized budget project: the amount of earned value of 350,000. At that point, the value of the planned work was $750,000, and the actual cost was $750,000. Based on this information, the Schedule Performance Index for this project was:

A	0.28
B	0.47
C	0.53
D	0.6

Question 10

An "integrated" project management approach is one that:

Question 10 options:

A	Allows the project to equate the defined scope with authorized resources, both within the master schedule.
B	Develops new products with the use of multi-functional teams.
C	Exposes the front-loading of baselines.
D	Focuses on performance that falls outside of a predetermined baseline.

Question 11

Project Highway will produce 200 construction signs and will take five weeks. Each unit is planned to cost $95. The project is severely cost-constrained. Performance data for the project at the end of week three is presented below: 120 total units were planned to be produced 130 units have actually been produced The financial manager reported that the business had actually spent $13,000 on the project by the end of week three. Is the project performing better or worse than planned?

Question 11 options:

A	Performing worse than expected. CPI is 0.95.
B	Performing better than expected. CPI is 0.95.
C	Performing worse than expected. CPI is 0.90.
D	Performing better than expected. CPI is 0.90.

Question 12

Given a project with the following characteristics, answer the following questions: Jon is the project manager of a project to build fancy birdhouses. He has to build two birdhouses a month for 12 months. Each birdhouse will cost $100. His project is scheduled to last for 12 months. It is the beginning of month 10. He has built 20 birdhouses, and his CPI is .9091. What is the actual cost of the project right now?

Question 12 options:

A	$1,800
B	$2,000
C	$2,200
D	$2,400

Question 13

Project Highway will produce 200 construction signs and will take five weeks. Each unit is planned to cost $95. The project is severely cost-constrained. Performance data for the project at the end of week three is presented below: 120 total units were planned to be produced 130 units have .been produced The financial manager reported that the business had pent $13,000 on the project by the end of week three. Is the project over or under budget?

Question 13 options:

A	Over Budget, the Cost Variance (CV) is minus 650.
B	Under Budget, the Cost Variance (CV) is minus 650.
C	Over Budget, the Cost Variance (CV) is plus 850.
D	Under Budget, the Cost Variance (CV) is minus 850.

Question 14

Project Highway will produce 200 construction signs and will take five weeks. Each unit is planned to cost $95. The project is severely cost-constrained. Performance data for the project at the end of week three is presented below: 120 total units were planned to be produced 130 units have been produced The financial manager reported that the business had spent $13,000 on the project by the end of week three. Is the project performing better or worse than planned?

Question 14 options:

A	Performing better than expected. SPI is 1.08.
B	Performing worse than expected. SPI is 1.08.
C	Performing better than expected. SPI is 0.98.
D	Performing worse than expected. SPI is 0.98.

Question 15

Mary calculates Return on Assets (ROA) and finds it to be 5.39% based on net income (available to common stockholders) of $350,000 and total assets of $6,500,000. She dug further and found that sales were $10,000,000. What does this information tell her about the company's net profit margin and total asset turnover? Provide values to support the assessment.

Question 15 options:

A	Net Profit Margin = 3.75% and Total Asset Turnover = 1.45
B	Net Profit Margin = 3.0% and Total Asset Turnover = 1.54
C	Net Profit Margin = 3.5% and Total Asset Turnover = 1.75
D	Net Profit Margin = 3.5% and Total Asset Turnover = 1.54

Question 16

Which of the following statements about decomposition is the least true?

Question 16 options:

A	Decomposition involves structuring and organizing the WBS so that deliverables are always listed at level one.
B	Decomposition requires a degree of expert judgment and also requires a close analysis of the project scope statement.
C	Decomposition is a tool and technique used to create a WBS.
D	Decomposition divides the major deliverables into smaller components until the work package level is reached.

Question 17

Based on the depreciation notes, Jon concludes that depreciation expense is:

Question 17 options:

A	A cash expense
B	Equal each year the asset is depreciated
C	A non-cash expense
D	A cash expense and Equal each year the asset is depreciated.

Question 18

Jons' company experienced some cash flow issues during his last project that caused the project to be terminated early without achieving all its original objectives. Despite being told there is nothing to worry about, he decides to investigate the company's financial status. Which financial statement should NOT be consulted first?

Question 18 options:

A	Income Statement
B	Balance Sheet
C	Cash Flow Statement
D	Statements of Shareholders' Equity

Question 19

Regarding the characterization of top-down estimating methods, the Function Point Methods - Applies principally to software development projects and use weighted macro variables (function points) or major parameters (number of inputs, outputs, inquiries, data files, interfaces, etc.), adjusted for complexity and added, to provide a basis for estimating labor effort and cost (using a regression formula derived from data on past projects). True or False?

Question 19 options:

A	TRUE
B	FALSE

Question 20

Project Highway will produce 200 construction signs and will take five weeks. Each unit is planned to cost $95. The project is severely cost-constrained. Performance data for the project at the end of week three is presented below: 120 total units were planned to be produced 130 units have been produced The financial manager reported that the business had spent $13,000 on the project by the end of week three. Is the project ahead or behind schedule?

Question 20 options:

A	Ahead of the schedule, the Schedule Variance (SV) is plus 950.
B	Behind schedule, the Schedule Variance (SV) is plus 950.
C	Ahead of the schedule, the Schedule Variance (SV) is plus 750.
D	Behind schedule, the Schedule Variance (SV) is plus 750.