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NEW QUESTION # 11
Fred is comparing two possible projects that will last for different durations.
His company can only select one project due to financial constraints.
He needs a method to compare the financial benefits of both projects.
Q: Is a payback analysis a useful tool for Fred to use?
Answer Options:
Answer: B
Explanation:
A Payback Analysis (p.72) calculates how long it takes for a project to recover its initial investment. It accounts for project duration but does not provide a rate of return (Option C). Discount factors (Option D) are used in Net Present Value (NPV) analysis, not Payback Analysis. [P.72]
NEW QUESTION # 12
Which elements define an organization's culture? (Select all that apply.)
Answer: A,B,C,D
Explanation:
Organizational culture (p.154) consists of:
Beliefs, interactions, environment, and customs.
Financial standing does not define culture, making it incorrect. [P.154]
NEW QUESTION # 13
Juno is completing a Variance Analysis on the sales department's spend for the first quarter. He concludes that there is a Favourable Variance. What does this mean?
Answer: C
Explanation:
A favourable variance means that the actual performance was better than expected.
NEW QUESTION # 14
A person who disrupts progress and hinders culture change holds which type of power?
Answer Options:
Answer: A
Explanation:
Negative Power (p.199) refers to individuals obstructing progress in an organization.
Dismissive (A) means ignoring opinions.
Contrary (B) and Pessimistic (C) do not refer to organizational influence. [P.199]
NEW QUESTION # 15
Skipped
Which of the following statements is true of a business that operates in a 'low-context culture' country?
Answer: C
Explanation:
Communication is direct and meetings are therefore shorter. This is from p. 182:
"In low-context cultures, communication is much more direct and explicit, which can result in shorter meetings and a reliance on rules to govern procedures." CIPS gives the UK and USA as examples of a low-context culture.
Domain: 3.2
NEW QUESTION # 16
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