Last Updated: Jun 03, 2026
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1. Management wants to understand whether a team is effective. Which of the following measures will help them understand the team's performance?
Response:
A) The team,s planned versus actual budget performance.
B) The team,s ability to meet schedule release dates.
C) The change in customer satisfaction measured over time.
D) All of the above.
2. What could be a valid reason for an organization needing to apply empiricism for problem-solving?
Response:
A) You are in a rapidly changing market.
B) All of the above.
C) You have a high technical risk.
D) You are working with new technology that is unproven.
E) You have a high business risk.
3. The benefit of the Evidence-Based Management framework is:
Response:
A) To understand the efficiency of your teams.
B) All of the above.
C) To be able to better track progress and status.
D) To accurately predict how a team is performing.
E) To improve an organization,s ability to deliver value.
4. Your company has 4 existing products and would like to develop brand new products based on new ideas. How should you allocate the budget for the products?
Response:
A) Fund based on cost estimates of the products that stakeholders rank more important.
B) Set aside a fixed budget for new products and distribute the remainder to support the existing products.
C) Fund new and existing products based on the difference between their current value and unrealized value.
5. True or False: Goals are only set during the time of annual strategic planning.
Response:
A) False
B) True
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: B | Question # 3 Answer: E | Question # 4 Answer: C | Question # 5 Answer: A |
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