Engineering Management Quiz

Economic Performance is very important to a firm's stakeholder particularly its investors or owners, because this performance eventually provides with them with a return on their investment.

• True
• False

When your project results do not go accordingly as planned, the project proceeds to the closing stage right away.

• True
• False

There are 6 stages in the Planning Cycle

• True
• False

The Planning cycle ends with the Closing Stage

• True
• False

The S.W.O.T. Analysis is an example of a Forecasting Tool.

• True
• False

In the S.M.A.R.T.E.R. Goals Model, the last 2 letters stands for Extending and Rewarding.

• True
• False

Marketing plan can only take up to a year.

• True
• False

Time management is the effective use of time to save production costs.

• True
• False

Focus is a benefit of strategic planning.

• True
• False

Components of Strategic planning don't involve values.

• True
• False