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Project Planning Quiz

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

What is project planning?

a)

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

b)

The process of executing a product

c)

The process of reviewing a product

d)

The process of buying a product

2.

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

a)

To make sure you don't forget anything

b)

To know what materials you need

c)

To make sure the project runs smoothly

d)

To know your income for the product

3.

What is a project objectives?

a)

The reason why you are doing the project

b)

The steps you need to take to complete the project

c)

The materials you need for the project

d)

The required money for the product

4.

What is a project expenses?

a)

The list of people who will work on the project

b)

The amount of money you have to spend on the project

c)

The materials you need for the project

d)

The amount of money you will make

5.

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

a)

Design  of the project

b)

Income statement

c)

Objectives of the Project

d)

Procedures of the project

6.

What is the formula for solving the selling price?

a)

Selling Price= Total expenses x Markup Price

b)

Selling Price= Total expenses/Markup Price

c)

Selling Price= Total expenses - Markup Price

d)

Selling Price=Total Expenses + Markup Price

7.

What is Marketing?

a)

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

b)

Marketing is the act of buying the product

c)

Marketing is the act of selling the product

d)

Marketing is anything that increases a customers perceived value

8.

_______ is handing over something of value in exchange for money

a)

Pricing

b)

Selling

c)

Buying

d)

Pricing

9.

______ refers to the  collected money after selling is done

a)

Sales

b)

Price

c)

Expenses

d)

Income

10.

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

a)

Time saving

b)

The project goes smoothly

c)

Saves Resources

d)

More income