OJS4JM – Module 18 Quiz

Projects typically have a limited number of stakeholders involved.

True
False

Project outcomes are often intangible, and may result in non-monetary benefits such as introducing new capabilities

True
False

Resources needed to deliver a project can be reasonably estimated in advance.

True
False

A set of projects (or titles) that are managed and coordinated as one unit is called a “Portfolio”

True
False

The “break-even point” describes a situation where the program’s revenue is equal to its total cost.

True
False

Grant funding is an example of what?

Soft money
Hard money
Opportunity cost
Variable cost

Tuition and student fees are an example of what?

Soft money
Hard money
Opportunity cost
Variable cost

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

A librarian’s salary is an example of what type of cost?

Fixed cost
Variable cost
Semi-variable cost
Opportunity cost

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

OJS4JM – Module 18 Quiz

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