Reference no: EM132224583
1. How do economic risks differ from political risks?
Political risks stem from foreign businesses' hostilities to government, while economic risks stem from the instability of the monetary system.
Political risks stem from stability in foreign business, and economic risks stem from an excess of property right protections.
Political risks stem from instability in national governments, while economic risks stem from the stability of a country's monetary system, and its economic and regulatory policies.
Political risks stem from hostility to foreign currencies, while economic risks stem from the instability of the monetary system.
Political risks stem from the stability of a country's monetary system, and economic risks stem from instability in national business.
2. Product analysis is a / technique of which of the following processes?
Scope Control
Create WBS
Scope Planning
Scope Definition
3. What is the difference between a project with an orientation on 'discovery' versus an orientation on 'utilization'?
a. A discovery oriented project is based on discovering what a customer wants while a utilization oriented project is based on what the customer already knows.
b. A discovery oriented project is about discovering a problem for a customer while a utilization oriented project is about utilizing, i.e. working on, an existing problem.
c. A discovery oriented project is an approach where theories are learned by working on the project while in a utilization oriented project the theories are already known and then applied in a project.
d. In both approaches the relevant theories are already known by the student but in a discovery oriented project the student discovers how to apply them while in a utilization approach the student already knows how to apply them.
4. A student team is approached by a customer to help with formulating a marketing plan. Much is already known about what the customer requires for this project. For instance, the product involved and the type of promotion that the customer wants to use. Furthermore, the instructor provides instruction on the methods for developing a marketing plan and the students have to simply follow these instructions. For instance, there is a 10-step plan for how to develop a promotion plan. This includes specific analysis tools such as for example for identifying the different market segments. What type of project is this?
A. A task project
B. A discipline project
C. A problem project
D. A chaotic project