CA Foundation Business Economics Questions 2023 - Part 32
Fri, 03 Mar 2023
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1. You are the project manager of the AMD project for your organization. In this project, you are currently performing quantitative risk analysis. The tool and technique you are using is simulation where the project model is computed many times with the input values chosen at random for each iteration. The goal is to create a probability distribution from the iterations for the project schedule. What technique will you use with this simulation?
A) Pareto modeling
B) Expected Monetary Value
C) Monte Carlo Technique
D) Analogous modeling
2. Robert is the business analyst for his organization and he's working with several stakeholders to identify the business need for an opportunity. Robert needs to identify the stakeholder that will be responsible for authorizing the actions needed in order to meet the identified business need. Which stakeholder does Robert need to identify?
A) Regulator
B) Implementation Subject Matter Expert
C) Sponsor
D) Customer
3. Which of the following levels of Gartner's cost optimization framework describes the right kind of partnership with IT vendors, which can benefit each party in times of economic upturns?
A) Cost Savings within IT
B) Joint Business and IT Cost Savings
C) IT Procurement
D) Enabling Innovation and Business Restructuring
4. Which conduct stakeholder analysis technique is useful for identifying shared characteristics of a stakeholder group?
A) Brainstorming
B) Scope modeling
C) Interviews
D) Surveys
5. Which of the following are parts of SWOT Analysis? Each correct answer represents a complete solution. Choose all that apply.(Select 4answers)
A) Optimism
B) Threats
C) Weaknesses
D) Opportunities
E) Tools
F) Strengths
A) Pareto modeling
B) Expected Monetary Value
C) Monte Carlo Technique
D) Analogous modeling
2. Robert is the business analyst for his organization and he's working with several stakeholders to identify the business need for an opportunity. Robert needs to identify the stakeholder that will be responsible for authorizing the actions needed in order to meet the identified business need. Which stakeholder does Robert need to identify?
A) Regulator
B) Implementation Subject Matter Expert
C) Sponsor
D) Customer
3. Which of the following levels of Gartner's cost optimization framework describes the right kind of partnership with IT vendors, which can benefit each party in times of economic upturns?
A) Cost Savings within IT
B) Joint Business and IT Cost Savings
C) IT Procurement
D) Enabling Innovation and Business Restructuring
4. Which conduct stakeholder analysis technique is useful for identifying shared characteristics of a stakeholder group?
A) Brainstorming
B) Scope modeling
C) Interviews
D) Surveys
5. Which of the following are parts of SWOT Analysis? Each correct answer represents a complete solution. Choose all that apply.(Select 4answers)
A) Optimism
B) Threats
C) Weaknesses
D) Opportunities
E) Tools
F) Strengths
1. Right Answer: C
Explanation:
2. Right Answer: C
Explanation:
3. Right Answer: C
Explanation:
4. Right Answer: D
Explanation:
5. Right Answer: B,C,D,F
Explanation:
Explanation:
2. Right Answer: C
Explanation:
3. Right Answer: C
Explanation:
4. Right Answer: D
Explanation:
5. Right Answer: B,C,D,F
Explanation:
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