CAPM PMI Exam Lab Questions

Certified Associate in Project Management (CAPM) Questions and Answers

Question 169

Which of the following is an example of the simplest fixed-price contract?

Purchase requisition

Purchase order

Verbal agreement

Request for quote

Question 170

When calculating the cost of quality (COQ) for a product or service, money spent for cost of conformance would include the areas of:

training, testing, and warranty work.

equipment, rework, and scrap.

training, document processes, and inspections.

inspections, rework, and warranty work.

Question 171

How is the schedule variance calculated using the earned value technique?

EV less AC

AC less PV

EV less PV

AC less EV

Question 172

Which statement correctly describes the value of a business case?

It provides the necessary information to determine if a project is worth the required investment.

It provides for alternative dispute resolution procedures in event of contract default.

It offers one of several alternative scenarios which assist in performing qualitative risk analysis.

It is used to help a project manager understand the scope of commercial advantages.