Question 1

The time value of money (TVM) compares present cash outlays to future expected returns.

Accepted Answer

A) True 
 B)False

Question 2

The objective of return on investment (ROI) analysis is to discover at what point cumulative benefits equal costs.

Accepted Answer

A) True 
 B)False

Question 3

What is a Project Scope Statement? What is a Baseline Project Plan? How are they different?

Accepted Answer

The baseline project plan reflects the b

Question 4

Analyzing an organization's activities to determine where value is added to products and/or services and the costs incurred best describes:

Accepted Answer

A)  affinity clustering. 
B)  business process reengineering. 
C)  value chain analysis. 
D)  resource availability. 
E)  technical difficulty. 
A)  affinity clustering. 
B)  business process reengineering. 
C)  value chain analysis. 
D)  resource availability. 
E)  technical difficulty.

Question 5

The reduction of waste creation is an example of a(n):

Accepted Answer

A)  intangible benefit. 
B)  qualitative benefit. 
C)  tangible benefit. 
D)  operational benefit. 
E)  profitable benefit. 
A)  intangible benefit. 
B)  qualitative benefit. 
C)  tangible benefit. 
D)  operational benefit. 
E)  profitable benefit.

Question 6

The systems planning and selection process for an Internet-based electronic commerce application is no different than the process followed for other applications.

Accepted Answer

A) True 
 B)False

Question 7

The current value of a future cash flow is referred to as:

Accepted Answer

A)  future value. 
B)  present value. 
C)  investment value. 
D)  discount rate. 
E)  cash flow rate. 
A)  future value. 
B)  present value. 
C)  investment value. 
D)  discount rate. 
E)  cash flow rate.

Question 8

Opening new markets and increasing sales opportunities are both examples of tangible benefit.

Accepted Answer

A) True 
 B)False

Question 9

Tangible benefits would include:

Accepted Answer

A)  improved organizational planning. 
B)  ability to investigate more alternatives. 
C)  improved asset control. 
D)  lower transaction costs. 
E)  first to market. 
A)  improved organizational planning. 
B)  ability to investigate more alternatives. 
C)  improved asset control. 
D)  lower transaction costs. 
E)  first to market.

Question 10

Most techniques for analyzing economic feasibility employ the time value of money concept.

Accepted Answer

A) True 
 B)False

Question 11

Increased flexibility is an example of an intangible benefit.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following is one of the three primary activities associated with identifying and selecting IS development projects?

Accepted Answer

A)  Preliminary investigation of the system problem or opportunity 
B)  Identification of potential development projects 
C)  Requirements determination 
D)  Generate alternative initial designs 
E)  Requirements structuring 
A)  Preliminary investigation of the system problem or opportunity 
B)  Identification of potential development projects 
C)  Requirements determination 
D)  Generate alternative initial designs 
E)  Requirements structuring

Question 13

A cost associated with project start-up refers to a(n):

Accepted Answer

A)  recurring cost. 
B)  one-time cost. 
C)  incremental cost. 
D)  infrequent cost. 
E)  consumable cost. 
A)  recurring cost. 
B)  one-time cost. 
C)  incremental cost. 
D)  infrequent cost. 
E)  consumable cost.

Question 14

The baseline project plan (BPP) is the primary deliverable from the project identification and selection phase.

Accepted Answer

A) True 
 B)False

Question 15

To identify the financial benefits and costs associated with the development project is the purpose of:

Accepted Answer

A)  financial feasibility. 
B)  technical feasibility. 
C)  operational feasibility. 
D)  economic feasibility. 
E)  schedule feasibility. 
A)  financial feasibility. 
B)  technical feasibility. 
C)  operational feasibility. 
D)  economic feasibility. 
E)  schedule feasibility.

Question 16

Cost reduction and avoidance, error reduction, and increased flexibility are examples of:

Accepted Answer

A)  intangible benefits. 
B)  qualitative benefits. 
C)  tangible benefits. 
D)  legal and contractual benefits. 
E)  profitable benefits. 
A)  intangible benefits. 
B)  qualitative benefits. 
C)  tangible benefits. 
D)  legal and contractual benefits. 
E)  profitable benefits.

Question 17

Project planning focuses on defining clear, discrete tasks and the work needed to complete each task.

Accepted Answer

A) True 
 B)False

Question 18

The major outcomes and deliverables from project initiation and planning are the baseline project plan and the project scope statement.

Accepted Answer

A) True 
 B)False

Question 19

Which of the following is a project planning activity?

Accepted Answer

A)  Establishing management procedures 
B)  Establishing a relationship with the customer 
C)  Estimating resources and creating a resource plan 
D)  Establishing the project management environment and project workbook 
E)  Establishing the project initiation plan 
A)  Establishing management procedures 
B)  Establishing a relationship with the customer 
C)  Estimating resources and creating a resource plan 
D)  Establishing the project management environment and project workbook 
E)  Establishing the project initiation plan

Question 20

Because many projects may be competing for the same investment dollars and may have different useful life expectancies, all costs and benefits must be viewed in relation to their present rather than future value when comparing investment options.

Accepted Answer

A) True 
 B)False

The time value of money (TVM) compares present cash outlays to future expected returns.

The objective of return on investment (ROI) analysis is to discover at what point cumulative benefits equal costs.

What is a Project Scope Statement? What is a Baseline Project Plan? How are they different?

Analyzing an organization's activities to determine where value is added to products and/or services and the costs incurred best describes:

The reduction of waste creation is an example of a(n):

The systems planning and selection process for an Internet-based electronic commerce application is no different than the process followed for other applications.

The current value of a future cash flow is referred to as:

Opening new markets and increasing sales opportunities are both examples of tangible benefit.

Tangible benefits would include:

Most techniques for analyzing economic feasibility employ the time value of money concept.

Increased flexibility is an example of an intangible benefit.

Which of the following is one of the three primary activities associated with identifying and selecting IS development projects?

A cost associated with project start-up refers to a(n):

The baseline project plan (BPP) is the primary deliverable from the project identification and selection phase.

To identify the financial benefits and costs associated with the development project is the purpose of:

Cost reduction and avoidance, error reduction, and increased flexibility are examples of:

Project planning focuses on defining clear, discrete tasks and the work needed to complete each task.

The major outcomes and deliverables from project initiation and planning are the baseline project plan and the project scope statement.

Which of the following is a project planning activity?

Because many projects may be competing for the same investment dollars and may have different useful life expectancies, all costs and benefits must be viewed in relation to their present rather than future value when comparing investment options.

The Systems Development Environment

The Sources of Software

Managing the Information Systems Project

Determining System Requirements

Structuring System Requirements: Process Modeling

Structuring System Requirements: Conceptual Data Modeling

Designing the Human Interface

Designing Databases

Systems Implementation and Operation

Filters

Exam 4: Systems Planning and Selection

The time value of money (TVM) compares present cash outlays to future expected returns.

The objective of return on investment (ROI) analysis is to discover at what point cumulative benefits equal costs.

What is a Project Scope Statement? What is a Baseline Project Plan? How are they different?

Analyzing an organization's activities to determine where value is added to products and/or services and the costs incurred best describes:

The reduction of waste creation is an example of a(n):

The systems planning and selection process for an Internet-based electronic commerce application is no different than the process followed for other applications.

The current value of a future cash flow is referred to as:

Opening new markets and increasing sales opportunities are both examples of tangible benefit.

Tangible benefits would include:

Most techniques for analyzing economic feasibility employ the time value of money concept.

Increased flexibility is an example of an intangible benefit.

Which of the following is one of the three primary activities associated with identifying and selecting IS development projects?

A cost associated with project start-up refers to a(n):

The baseline project plan (BPP) is the primary deliverable from the project identification and selection phase.

To identify the financial benefits and costs associated with the development project is the purpose of:

Cost reduction and avoidance, error reduction, and increased flexibility are examples of:

Project planning focuses on defining clear, discrete tasks and the work needed to complete each task.

The major outcomes and deliverables from project initiation and planning are the baseline project plan and the project scope statement.

Which of the following is a project planning activity?

Because many projects may be competing for the same investment dollars and may have different useful life expectancies, all costs and benefits must be viewed in relation to their present rather than future value when comparing investment options.

The Systems Development Environment

The Sources of Software

Managing the Information Systems Project

Determining System Requirements

Structuring System Requirements: Process Modeling

Structuring System Requirements: Conceptual Data Modeling

Designing the Human Interface

Designing Databases

Systems Implementation and Operation

Filters