21 a network of arrows and nodes representing project activities that require an exp 4306052

21 a network of arrows and nodes representing project activities that require an exp 4306052

21) A network of arrows and nodes representing project activities that require an expenditure of time and resources and the completion of initiation of activities, respectively, is called

A) a Gantt chart.

B) a PERT diagram.

C) a SDLC cycle.

D) CASE.

22) Which planning technique does not show the relationships among various activities?

A) Gantt chart

B) PERT

C) the critical path method

D) VAN

23) In which phase of the systems development life cycle is the feasibility study first performed?

A) conceptual design

B) implementation and conversion

C) physical design

D) system analysis

24) A federal law demands that certain information about foreign customers should be maintained in the information system. In which part of a feasibility study should this requirement be considered?

A) economic feasibility

B) legal feasibility

C) operational feasibility

D) technical feasibility

25) Which of the following parts of a feasibility study is generally considered the most important and is frequently re-analyzed?

A) economic feasibility

B) operational feasibility

C) scheduling feasibility

D) technical feasibility

26) What is the basic model used to create a framework for economic feasibility analysis?

A) the capital budgeting model

B) the cash budgeting model

C) the cost/benefit model

D) All of the above models are used to create a framework.

27) What is most difficult to quantify when assessing economic feasibility?

A) benefits

B) costs

C) Costs, benefits, and the payback period are all of equal difficulty.

D) the payback period

28) When using the payback method to determine economic feasibility of projects, the company usually accepts the project with the

A) longest payback period.

B) mid-range payback period.

C) payback period that is equal to the project's economic life.

D) shortest payback period.

29) There are several important aspects to be considered during a feasibility study. The aspect that asks the question, “Can people use the system and will they use it?” is called

A) economic feasibility.

B) operational feasibility.

C) scheduling feasibility.

D) technical feasibility.

30) Accountants can contribute to feasibility study analysis by evaluating cost savings and other benefits versus operating costs and other cash outflows. This is better known as

A) the “best guess” model of benefit analysis.

B) the “value added” benefit model.

C) the capital budgeting model.

D) the estimated benefits model.

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