Required: Select the best answer for the multiple choice or True/False (T/F) questions:

1. Project selection criteria are typically classified as: A. Financial and non-financial B. Short-term and long-term C. Strategic, internal, external D. Immediate, repository E. High Cost, Low Cost, Extremely Costly

2. Which of the following financial models are typically included in project selection? A. Payback B. Net present value C. Internal rate of return D. Both A and B are correct E. A, B, and C are all correct F. Both A and B are not used in project selection. G. Senior manager decides for what programs to select.

3. The ________ financial model measures the current value of all cash inflows and outflows using management's minimum desired rate of return.

4. Which of the following is not one of the classifications for assessing a project portfolio? A. Octopodes B. Bread-and-butter C. Pearls D. Oysters E. White elephants

5. A major project proposal form will likely include all of the following except: A. Project Classification B. Scheduled objectives and teams responsible for achieving the objectives C. Major deliverables of the project D. Project sponsor E. All of these are likely to be included

6. Which of the following is NOT a common multicriteria selection model? A. Checklist B. Net Present Value C. Weighted criteria model D. Both A and C are correct E. All of these are common multicriteria selection models

7. In some cases organizations will use a __________ to solicit ideas for projects when the knowledge requirements for the project are not available in the organization.

8. Projects are usually classified into all but one of the following categories. Which one is NOT one of the typical classifications? A. Emergency and Compliance B. Financial and non-financial C. Strategic and non-strategic D. Political necessity E. All of these are typical classifications

9. Which of the following terms is often used to denote a project that a powerful, high-ranking official is advocating? A. Sacred cow B. Pet project C. Political necessity D. Special undertaking E. Strategic ploy

10. T/F: The NPV criteria takes into consideration the time value of money.