Reference no: EM132268730

1. A hold harmless agreement is a contract between two parties in which

A. both parties agree to indemnify each other for any losses incurred.

B. both parties agree to buy insurance against any potential losses that might arise out of the activity they are engaged in.

C. one party agrees not to make the other party pay for any losses that might arise out of some activity.

D. one party agrees to reimburse the other party for any losses that might arise out of some activity.

2. Project team members can identify who should be notified of task completion status by checking the:

a. Control account

b. Linear responsibility chart

c. Statement of work

d. Monthly joint review report

3. In a forecasting model using simple moving average the longer the time span used for calculating the moving average, the closer the average follows volatile trends.

a) True

b) False

4. It is a total immersion into the project; a combination of brainstorming, prototyping, and feedback loops merged into an approach that executives can use with teams to help develop solutions for specific business challenges

a) Unfocus group

b) Brainstorming

c) Deep dive

d) Design thinking

5. Mocking up working models to help everyone visualize possible solutions

a) Brainstorming

b) Rapid prototyping

c) T-shaped people

d) Design thinking

6. ___________ is the most appropriate type of analysis when the past data (especially, time) is a good predictor of the future.

a) Market research

b) Time series analysis

c) Causal relationship

d) Monte Carlo simulation

e) Panel consensus