What is the balance sheet equation?

Question 1 options:

	Assets + Liabilities = Shareholders equity
	Assets = Liabilities + Shareholders equity
	Assets + Shareholders equity = Liabilities
	Share price divided by earnings equals earnings per share

Question 2 (0.5 points)

What is a key benefit of the budget process?

Question 2 options:

	To review the financial value of different projects
	It determines the cost baseline for monitoring performance
	To select the best project among alternatives
	It creates a cost/benefit analysis for different projects

Question 3 (0.5 points)

Earned value management provides an integrated perspective on which of the following?

Question 3 options:

	schedule, cost, and planned cost.
	project performance, planned performance, and budget
	scope, schedule and cost
	planned cost, planned performance, and project schedule

Question 4 (0.5 points)

A company approves your project based on the strategic desire to increase revenue. This is typically known as an improvement to which of the following?

Question 4 options:

	top line
	bottom line
	profit margin
	project selection process

Question 5 (0.5 points)

Why is a project value statement required?

Question 5 options:

	It shows how the results will impact the balance sheet
	It indicates risks with any project conditions
	It explains cash flow
	It helps obtain stakeholder buy-in for the project objectives

Question 6 (0.5 points)

What is the purpose of a cost management plan?

Question 6 options:

	To verify the accuracy of cost estimates
	To reconcile bottom up and top-down estimates for the budget
	To aggregate the approved estimates into a project budget
	To create policies and procedures on how project spending will be managed