Project Planning Quiz

What is project planning?

• The process of deciding what to do and how to do it

• The process of executing a product

• The process of reviewing a product

• The process of buying a product

Why is it important to have a plan before starting a project?

• To make sure you don't forget anything

• To know what materials you need

• To make sure the project runs smoothly

• To know your income for the product

What is a project objectives?

• The reason why you are doing the project

• The steps you need to take to complete the project

• The materials you need for the project

• The required money for the product

What is a project expenses?

• The list of people who will work on the project

• The amount of money you have to spend on the project

• The materials you need for the project

• The amount of money you will make

Which of the following is not an essential component of project planning?

• Design  of the project

• Income statement

• Objectives of the Project

• Procedures of the project

What is the formula for solving the selling price?

• Selling Price= Total expenses x Markup Price

• Selling Price= Total expenses/Markup Price

• Selling Price= Total expenses - Markup Price

• Selling Price=Total Expenses + Markup Price

What is Marketing?

• Marketing is the handing over something of value in exchange for money

• Marketing is the act of buying the product

• Marketing is the act of selling the product

• Marketing is anything that increases a customers perceived value

_______ is handing over something of value in exchange for money

• Pricing

• Selling

• Buying

• Pricing

______ refers to the  collected money after selling is done

• Sales

• Price

• Expenses

• Income

Which of the following is not a benefit of project planning?

• Time saving

• The project goes smoothly

• Saves Resources

• More income