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OJS4JM – Module 18 Quiz

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Question 1 of 10

1. Question
Projects typically have a limited number of stakeholders involved.
- True
- False
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Question 2 of 10

2. Question
Project outcomes are often intangible, and may result in non-monetary benefits such as introducing new capabilities
- True
- False
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Question 3 of 10

3. Question
Resources needed to deliver a project can be reasonably estimated in advance.
- True
- False
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Question 4 of 10

4. Question
A set of projects (or titles) that are managed and coordinated as one unit is called a “Portfolio”
- True
- False
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Question 5 of 10

5. Question
The “break-even point” describes a situation where the program’s revenue is equal to its total cost.
- True
- False
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Question 6 of 10

6. Question
Grant funding is an example of what?
- Soft money
- Hard money
- Opportunity cost
- Variable cost
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Question 7 of 10

7. Question
Tuition and student fees are an example of what?
- Soft money
- Hard money
- Opportunity cost
- Variable cost
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Question 8 of 10

8. Question
What is a profit?
- The surplus of net assets at the end of a period over the net assets at the start of that period
- Debt or obligation to make a financial payment
- An expenditure that contains both a fixed-cost element and a variable-cost element
- Reliable and recurring, and often central, funding
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Question 9 of 10

9. Question
A librarian’s salary is an example of what type of cost?
- Fixed cost
- Variable cost
- Semi-variable cost
- Opportunity cost
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Question 10 of 10

10. Question
For accounting purposes, the Total Costs for your program will include the fixed and variable costs. However, for economic purposes, the Total Costs include fixed costs, variable costs, and ___________
- Semi-variable costs
- Sunk costs
- Hidden costs
- Opportunity costs
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