AL IT MCQ 2

Which of the following best defines the term "project scope" in the context of a Project Management System?

• A list of the project deliverables and tasks

• The total time allocated to complete the project

• The amount of budget required for the project

• The boundaries and objectives of the project

In a project management system, a "stakeholder" refers to:

• The project team responsible for executing the project

• Any individual or group affected by the project or its outcomes

• The software used to manage the project

• The clients who are paying for the project

Which project management system feature helps in monitoring the budget and expenses of a project?

• Work Breakdown Structure (WBS)

• Budget Tracking Tool

• Time Tracking System

• Resource Allocation Tool

What does the acronym "PMO" stand for in project management?

• Project Manager's Overview

• Project Management Organization

• Project Methodology Operations

• Project Monitoring Office

Which of the following would be a typical reason for using a Project Management System in a remote team environment?

• To ensure tasks are assigned manually by project managers

• To automate all project processes without any human input

• To enhance collaboration and communication between team members

• To prevent team members from accessing project documents

Which of the following is a key feature of Cloud-based Project Management Systems?

• Offline work functionality

• Centralized storage for easy access and collaboration

• Permanent installation on local computers

• Requires only one user for functionality

What is a digital currency?

• A physical form of currency issued by central banks

• A currency that exists only in digital form and is used for online transactions

• A currency that is issued by governments and can be used globally

• A form of currency that can only be used for online shopping

Which of the following is an example of a digital currency?

• US Dollar

• Bitcoin

• Euro

• Gold

What is the primary difference between digital currencies and cryptocurrencies?

• Digital currencies are not secured by cryptography, while cryptocurrencies are

• Cryptocurrencies are decentralized, while digital currencies are typically centralized

• Digital currencies are not used for online transactions, whereas cryptocurrencies are

• There is no difference; both are the same

Which of the following is a key characteristic of cryptocurrencies like Bitcoin?

• They are regulated by central banks

• Transactions are verified and recorded on a blockchain

• They are backed by gold reserves

• They exist in physical form