PMP MCQ Questions and Answers

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Q91
You are the project manager at a large accounting firm in the United States. Throughout the year your firm provides both consulting services and accounting/ auditing services to XYZ Widgets, Inc, a publicly traded company listed on the New York Stock Exchange. Currently, your project involves auditing the financial statements of XYZ Widgets Inc, in preparation for the annual shareholders/ investors meeting. While your team is in the midst of project execution, you are informed that your proj
  • A Extinction
  • B Starvation
  • C Cancelled
  • D Integration
Answer: Option D
Q92
Which of the following statements are true?
  • A Contract closure and administrative closure both involve quality assurance activities
  • B Contract closure and administrative closure both involve product verification
  • C Contract closure and administrative closure both involve benefit cost analysis
  • D Contract closure and administrative closure both involve scope verification
Answer: Option B
Q93
Which of the following are NOT considered formal types of project ending?
  • A Addition
  • B Cancellation
  • C Integration
  • D Starvation
Answer: Option B
Q94
You are in process of completing and settling each contract application to the project or project phase. Which of the following are NOT outputs of this process?
  • A Contract closure procedures
  • B Contract file
  • C Closed contracts
  • D Lessons learned documentation
Answer: Option A
Q95
All of the following are objectives of a buyer-conducted performance review EXCEPT:
  • A Identify performance successes or failures
  • B Identify payment schedules and requests
  • C Identify progress with respect to contract statement of work
  • D Identify contract non-compliance
Answer: Option B
Q96
Your project terminated early due to budget cuts. You
  • A Contract Closure
  • B Performance Reporting
  • C Scope Verification
  • D Information Distribution
Answer: Option C
Q97
You are the project manager at a large construction company. Your company is under a times and materials contract to build a new shopping center. The estimated cost of project is $5,000,000. The project sponsor has approved this amount. However, you earned value calculations indicate that the project will be completed on time and under budget by 5,000,000. Based on this calculation your personal profit will decrease by $10,000. Given the estimated decrease in personal profit, what action shoul
  • A Continue to bill the customer for the full $5,000,000 as originally estimated.
  • B Communicate the projected financial outcome to the project sponsor
  • C Pad additional tasks to the projected financial outcome to increase the actual project cost
  • D Suggest to the project sponsor that additional features should be added in order to leverage the entire project
Answer: Option B
Q98
You work as project manager at a beauty products company. One of the primary product lines is hair-coloring/dye products. Your company
  • A Inform the potential resellers and partners that your hair coloring products may not comply with the standards imposed by European Union, and that you
  • B Inform the potential resellers and partners that your product formulation is considered trade secret and you are unable to disclose the chemical composition of the hair coloring products at this time. A full investigation into this issue will be undertak
  • C Inform the potential resellers and partners that your hair coloring product does not comply with the standards imposed by the European Union, and that your company will develop a special formulation that complies with the standards.
  • D Since the level of carcinogens is assumed to be safe, there is no need to inform your resellers and partners regarding this issue.
Answer: Option C
Q99
You are currently working on a web development project to develop a new user-interface for a legacy mainframe banking application. You are under a Times and Material contract to develop a wed based interface for this application. You have finished the work 20 hours earlier than expected. This means that the profit of your company will decrease. What should you do?
  • A You should tell the customer you
  • B You should add activities to the project to increase the number of billable hours.
  • C You should inform the customer that your project is complete
  • D You should invoice the customer for the expected billable amount, as allowed by the provisions of your contract.
Answer: Option C
Q100
You are a contract manager within an information technology department of a large retailer. You are responsible fro developing a new ecommerce web-site for the retailer. You are in process of selecting the vendor who will provide the hardware, including computer servers and networking equipment. As a project manager, you are in the Select Sellers process, and have three different vendors on your qualified sellers list who have responded to your company
  • A You should automatically disqualify NetComp Inc from qualified sellers list
  • B As long as NetComp Inc. is able to respond properly to your company
  • C You should move yourself from the selection process
  • D You should disclose that you are an investor to the company
Answer: Option D

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