$3.$CPM uses $3$ time estimates whereas PERT uses a single time estimate.

O True

O False

$4.$A Statement of Work $($SOW$)$ defines project$-$specific activities, deliverables and timelines for a vendor providing services to the client.

O True

O False

$5.$With respect to the formulation of strategy, managers can alter the internal strengths and weaknesses of the organization.

O True

O False

$6.$French cosmetics giant L'Oreal acquired The Body Shop. This is an example of horizontal integration.

O True

O False

$7.$PERT is appropriate for high precision time estimate activities whereas CPM is suitable for reasonable time estimate activities.

True

O False

$8.$A brewery buying its own vineyards is an example of backward vertical integration.

O True

O False

$9.$NEXA $($Maruti Suzuki's one$-$stop destination for their premium and luxury sedan and hatchback cars in India$)$ is an example of backward vertical integration.

O True

O False

$10.$CPM is based on a probabilistic model whereas PERT is based on a deterministic model.

O True

O False

$11.$Some common indirect costs include advertising and marketing, communication, fringe benefits such as employee gym, and accounting and payroll services. Fixed indirect costs include things like the rent paid for the building in which a company operates. Variable costs include the ever$-$changing costs of electricity and gas.

O True

O False

$12.$The Implementation Gap refers to the time span between the start and end of a project, especially when it has been delayed.

O True

O False

$13.$The material and supplies needed for the company's day$-$to$-$day operations are examples of indirect costs. These include items such as cleaning supplies, utilities $($electricity and water$),$ office equipment rental, desktop computers and cell phones.

O True

O False

$14.$Managers in organizations can alter the external environmental factors $($SWOT$)$ such as slowing of the economy.

O True

O False

$15.$Strategies $($as part of Organizational Strategy$)$ are the plans for how the organization will do whatever it is in business to do$,$ how it will compete successfully, and how it will attract and satisfy its customers in order to achieve its goals.

O True

O False

$16.$PERT is used for the management of predictable activities whereas CPM is used for the management of unpredictable activities.

O True

O False

$17.$Internal analysis $($as part of SWOT$)$ provides information about an organization's specific resources and capabilities. An organization's resources are its assets $-$ physical, financial, human, and intangible $-$ they are what an organization has. Its capabilities are its skills and abilities in doing the work activities needed in its business $-$ how it does its work. The major value$-$creating capabilities of the organization are known as its core competencies.

O True

O False

$18.$JSW is India's largest integrated steel producer. JSW SHOPPE $($JSW retailing its steel products directly to customers$)$ is an example of forward vertical integration.

O True

O False

$19.$Jamsetji N$.$ Tata, the founder of the Tata conglomerate, is considered to be the father of the Indian Industry.

O True

O False

$20.$SWOT analysis includes an assessment of the internal and external environments. Analysing the strengths and weaknesses of the organization is an assessment of the internal environment while analysing the opportunities and threats is an assessment of the external environment.

O True

O False

$21.$Henry L Gantt and Frederick W Taylor are considered to be the father of Project Management.

O True

O False

$22.$People working on several different tasks concurrently are more efficient.

O True

O False

$23.$Formulating strategy might range around $20$ percent of management effort while determining how strategy will be implemented might consume $80$ percent.

O True

O False

$24.$Tata Motors acquired Jaguar and Land Rover from Ford in $2008$ for $$2\mathrm{.}3$ bn$.$ This is an example of vertical integration.

O True

O False

$25.$The Project Charter is a part of the Initiating Process Group whereas the Project Scope Statement is a part of the Planning Process Group.

O True

O False