Question: 1. When EAC exceeds BAC, it should be reviewed by management before approving any additional funds. a. TRUE b. FALSE 2.Concerning finance, which of the

1. When EAC exceeds BAC, it should be reviewed by management before approving any additional funds.

a. TRUE

b. FALSE

2.Concerning finance, which of the following statements are true?

a. Financial management skills enable the project manager to predict and measure the financial outcomes of decisions. (A)

b. Within an organization finance provides a structure for assessing business success. (B)

c. Finance can be expressed as the internal monies (funds) provided to accomplish a purpose or the external revenue (funds) paid by our client or project sponsors. (C)

d. A and B and C

e. A and C but not B

3. When in the middle of a project, what is the estimate of the money needed to complete the project?

a. EAC

b. CEAC

c. TCPI

d. ETC

4. Which system holds customer details used by the various country invoicing systems and sends revenue recognition data to the accounting ledgers?

a. WWER

b. ILC

c. CLAIM

d. CFTs

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