Question : The PERT technique is used for:
Option 1: Budgeting
Option 2: Forecasting
Option 3: Risk assessment
Option 4: Project scheduling
Correct Answer: Project scheduling
Solution : The correct answer is (d) Project scheduling.
The PERT technique is a project management tool that helps in scheduling and coordinating activities within a project. It is particularly useful for projects that involve a high level of complexity and uncertainty. The technique involves breaking down the project into smaller tasks or activities, estimating the time required for each activity, determining the dependencies among activities, and creating a network diagram that shows the logical sequence and interdependencies. PERT allows for the calculation of the project's critical path, which identifies the sequence of activities that must be completed on time to ensure the project's timely completion.
Question : Which of the following is a technique used for forecasting market demand?
Option 1: Break-even analysis
Option 2: Market segmentation
Option 3: Regression analysis
Option 4: Pareto analysis
Question : What is the term used to describe the risk that changes in exchange rates will impact the profitability of international trade transactions?
Option 1: Currency risk
Option 2: Counterparty risk
Option 3: Market risk
Option 4: Operational risk
Question : What is the term used to describe the risk that arises from changes in government regulations or policies affecting foreign exchange rates?
Option 1: Political risk
Option 2: Credit risk
Option 4: Interest rate risk
Question : Which of the following is a qualitative forecasting technique?
Option 1: Time series analysis
Option 2: Regression analysis
Option 3: Jury of executive opinion
Option 4: Exponential smoothing
Question : What is the term used to describe the risk that changes in exchange rates will impact the ability of a borrower to repay a foreign currency-denominated debt?
Option 1: Credit risk
Option 2: Interest rate risk
Option 3: Sovereign risk
Option 4: Currency risk
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