1. According to the author, the Level _________ evaluation involves a detailed evaluation of the candidate along with the competing projects, which include both new and ongoing projects that have passed a Level 2 evaluation.

1. Two
2. Four
3. Three
4. One

2. Portfolio _____ is a one-time process. It no longer exists once the portfolio moves into the Monitor & Control Portfolio phase.

1. Initiating
2. Management
3. Construction
4. Planning

3. Efficient frontier, paired comparison, and Q sort are all examples of project ______ tools.

1. Comparison
2. Evaluation
3. Selection
4. Ranking

4. An issue is an uncertain event that, if it occurs, has either a positive or negative impact on the outcome.

1. True
2. False

5. Net present value is standard practice in corporate finance, because it can be used to predict future project outcomes with great certainty.

1. True
2. False

6. A _________ portfolio consists of projects of different categories, which are mutually exclusive. Each category represents a particular project characteristic.

1. Constrained
2. Financial
3. Non-financial
4. Balanced