Multiple Choice Identify the choice that best completes the statement or answers the question. 1. When planning for possible project procurements, a common tool and technique for this is? a. Bidder Conference c. Make-or-Buy Analysis b. Performance Reporting d. Team Building 2. What is it called when a project team considers previous project expenditures as a motivator for continuing the project? a. Sunk Cost Fallacy c. Groupthink b. Trickle Down Economics d. Broken Windows Fallacy 3. What is the formula is best for determining the number of products, and the price of those products, that need to be sold in order for a company to break even. a. ROI c. Break Even Point b. NPV d. None of the above 4. In the Pentagon Wars story Scope Creep was primarily initiated by ? a. Management c. External Dependencies b. Project Team d. None of the above 5. Rockwell Collins has expended $10,000,000 on a project that was to cost $6,000,000. As a result, product profitability expected to be marginal at best. The company decides to complete the project to avoid wasting the money spent thus far? This is an example of? a. Broken Windows c. Hawthorn Effect b. Sunk Cost d. Halo Effect 6. Which type of project contract places the most risk on the seller? a. Cost Plus Fixed Fee c. Fixed Price Incentive Fee b. Cost Plus Percentage of Cost d. Fixed Price