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 Care all correct F. Both A and B are not used in project selection. G. Senior manager decides for what programs to select. I 3. The model measures the current value of all cash inflows and outflows using management's minimum desired rate of return. A. Checklist model B. Multi-weight model C. NPV model D. None of these models 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