GAQM CBAF-001 Online Practice Questions and Exam Preparation

GAQM CBAF-001 Online Questions & Answers

• Question 11:

  Which of the following is a perceived advantage of using workshops to investigate requirements?

  A. It reduces speed and productivity of the project.
  B. It is time-consuming to arrange and organize.
  C. It focuses on a narrow view of the area under investigation.
  D. It obtains buy-in and acceptance for the project.
  D. It obtains buy-in and acceptance for the project.

• Question 12:

  Different reactions may be observed when a change to working methods is proposed. These reactions include:

  a.

  Enthusiasm for the change.

  b.

  Fear of the change.

  c.

  Reduced performance on the job.

  d.

  Reluctant acceptance of the change.

  Which of the following represents the typical sequence of these four reactions?

  A. b, d, c and a.
  B. a, b, c and d.
  C. b, c, d and a.
  D. a, b, d and c.
  C. b, c, d and a.

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  Explanation/Reference:

• Question 13:

  Which of the following statements is TRUE?

  A. The IRR of every project is based on it achieving a Net Present Value of zero.
  B. It is preferable for the calculated IRR of a project to be below bank interest rates.
  C. Discounted cash flowsdo not usually take into account the time value of money.
  D. When comparing two projects, the one with the lower NPV should be preferred.
  A. The IRR of every project is based on it achieving a Net Present Value of zero.

• Question 14:

  What is the first stage of the waterfall systems development lifecycle?

  A. Plan.
  B. Analysis.
  C. Feasibility Study.
  D. Strategic Vision.
  C. Feasibility Study.

• Question 15:

  An analyst investigating a finance system wishes to build rapport with individual stakeholders and investigate in detail each stakeholder's views. Which of the following techniques should the analyst use?

  A. Questionnaires.
  B. Interviewing.
  C. Special purpose records.
  D. Document analysis.
  B. Interviewing.

• Question 16:

  Which of the following represents the total cash flows of an investment, over a period of time, adjusted to reflect the time value of money?

  A. The Internal Rate of Return.
  B. The Time to Payback.
  C. The Net Present Value.
  D. The Return on Investment.
  C. The Net Present Value.

• Question 17:

  Which of the following may be used as a basis for scripting acceptance tests?

  A. Stepwise refinement.
  B. Context diagrams.
  C. Mind maps.
  D. Scenario analysis.
  D. Scenario analysis.

• Question 18:

  Given the cashflows below, which of the following is correct?

  

  A. The project pays back in year 4 of the project.
  B. The projectdoes not pay back within the four year period.
  C. The project pays back in year 2 of the project.
  D. The project pays back in year 3 of the project.
  B. The projectdoes not pay back within the four year period.

• Question 19:

  One of Porter's five forces explicitly considers industry competitors. Which of the following is the Key Focus' of this force?

  A. A Competitor's external marketing campaign.
  B. The products offered by Competitors.
  C. Rivalryamong existing Competitors.
  D. The market share of known Competitors.
  C. Rivalryamong existing Competitors.

• Question 20:

  An analyst has discovered that a company wishes to hold information about departments and employees. A department may have many employees in it, but each employee can, at any one time, only work in one department. There is no requirement to store historical information. However, there are currently eight departments and over one hundred employees. How would this relationship be shown on an Entity Relationship diagram?

  A. As (8 .. 100) at the Department end of the relationship.
  B. As a many-to-many between Department and Employee.
  C. As a one-to-one between Department and Employee.
  D. As a one-to-many between Departmentand Employee.
  D. As a one-to-many between Departmentand Employee.