1. In the context of project management concepts, which of the following

best describes the 'Initiating' process group?

 A) Defining and authorizing the project or a phase

 B) Tracking, reviewing, and regulating the progress

 C) Completing the work defined in the project management plan

 D) Developing the project management plan and project documents

 Answer: A. The 'Initiating' process group involves defining and

authorizing the project or a phase.

2. Which needs identification technique is most effective for

understanding stakeholder expectations in an accounting project?

 A) Surveys and Questionnaires

 B) Brainstorming Sessions

 C) Interviews

 D) Focus Groups

 Answer: C. Interviews are most effective for understanding stakeholder

expectations due to their direct and personal nature.

3. When preparing proposed solutions for a project, what is a key factor to

consider for ensuring alignment with business objectives?

 A) Technological feasibility

 B) Cost-benefit analysis

 C) Resource availability

 D) Stakeholder risk tolerance

 Answer: B. Cost-benefit analysis ensures that the proposed solutions

align with business objectives by evaluating their potential return on

investment.

4. During which phase of the project life cycle are project deliverables

created and the project's scope is executed?

 A) Initiating

 B) Planning

 C) Executing

 D) Closing

 Answer: C. The Executing phase is where project deliverables are

created and the project's scope is executed.

5. What is a primary responsibility of a project manager during the