General management encompasses:

• A.Business strategy, planning and controlling, organizational behavior, procurement, and personnel administration required for managing the ongoing aspect of a business venture.
• B.Planning, organizing, staffing, executing, and controlling the operations of an ongoing enterprise.
• C.Business policy, financial management, business economics, contract administration, and legal services necessary for operating an enterprise.
• D.Organizational development, staffing, marketing and sales, procurement, and contract administration as part of an ongoing organization.

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Which risk response strategy is common for both positive and negative risks?

• A.Share
• B.Accept
• C.Mitigate
• D.Transfer

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When sequencing activities, what does the common acronym FF stand for?

• A.Fixed Fee
• B.Free Float
• C.Fixed Finish
• D.Finish-to-Finish

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A project manager is new to an organization and is assigned to a project that is currently in the planning stage.
Everyone involved in the project is very interested in it and they are pushing the project manager to advance it to the next stage. While reviewing the project's various plans, the project manager found out there is no defined cost management plan.
What should the project manager do next?

• A.Start project execution and use the project management plan as input for missing information.
• B.Inform the sponsor and request more time to revise the cost management plan.
• C.Use the work breakdown structure (WBS) to estimate the cost of the activities based on previous experience.
• D.Review the project charter to develop the cost management plan.

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An acceptance control chart has limits that are based on the spec. limits for the product rather than limits which differentiate between random and assignable causes. Under which of the following circumstances should a QC manager consider this type chart

• A.Both 1) When the engineering tolerance on a dimension greatly exceeds the natural dispersion of the manufacturing process, and 2) When the number of samples outside the current control chart limits become too costly and cumbersome to investigate..
• B.When the engineering tolerance on a dimension greatly exceeds the natural dispersion of the manufacturing process
• C.When the number of samples outside the current control chart limits become too costly and cumbersome to investigate.
• D.When a process is subject to constant but stable tool wear.
• E.Both 1) When the engineering tolerance on a dimension greatly exceeds the natural dispersion of the manufacturing process, and 2) When a process is subject to constant but stable tool wear.

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