41. The process of evaluating the project ideas with a view to select the best and promising idea after eliminating the unprofitable ideas is called ______ Of the project ideas.
Screening
Appraisal
Identification
None
Answer.1. Screening
Explanation:
Screening is a step in the product development process where products are evaluated according to a certain set of criteria on whether they will be successful in the marketplace.
42. After screening the ideas, they are translated into project
portfolio
profiles
proposal
none
Answer.2. Profiles
Explanation:
Screening is a step in the product development process where products are evaluated according to a certain set of criteria on whether they will be successful in the marketplace.
A Project Profile is a simplified description of an eventual Project. In addition to defining the purpose, it presents a first estimate of the activities involved and the total investment that will be required as well as the annual operating cost and Break-even analysis, etc.
43. SWOT stands for strength, weakness, opportunity, and ______
treat
threat
tort
none
Answer.2. threat
Explanation:
SWOT stands for Strengths, Weaknesses, Opportunities, and Threats, and so a SWOT analysis is a technique for assessing these four aspects of your business.
SWOT Analysis is a tool that can help you to analyze what your company does best right now, and to devise a successful strategy for the future
44. Project formulation means ______ Study
profitability
liquidity
feasibility
viability
Answer.3. Feasibility
Explanation:
The project formulation process is a collection of interrelated actions and activities that take place in order to achieve a set of previously specified products, results, or services.
The elements of Project formulation are feasibility analysis, techno-economic analysis, project design, and network analysis, input analysis, financial analysis, social cost-benefit analysis, and project appraisal.
45. ________ Analysis is primarily concerned with the identification, quantification, and evaluation of project resources.
Network
Financial
Techno-economic
Input
Answer.4. Input
Explanation:
Input analysis is primarily concerned with the identification, qualification, and evaluation of project inputs.
The objective of input analysis is to identify the nature of resources needed to estimate the quality of the required resources and to ensure that there is a continuous and adequate supply of inputs.
46. ________ analysis is done to ascertain the financial viability of a project.
Network
Financial
Techno-economic
Input
Answer.2. Financial
Explanation:
Financial analysis is to be conducted to select, evaluate and interpret financial data of SHP so as to assess the financial viability of the project.
This analysis is done based on various costs such as installation cost, benefit-cost ratio, net present value, internal rate of return with some maximum and minimum criteria in NRV and IRR, installation and generation cost, respectively.
47. _______ technology refers to that technology that is suitable to local, economic, social, and cultural conditions
Indigenous
Imported
Advanced
Appropriate
Answer.4. Appropriate
Explanation:
Appropriate technology is defined as any object, process, idea, or practice that enhances human fulfillment through the satisfaction of human needs.
A technology is deemed to be appropriate when it is compatible with local, cultural, and economic conditions (i.e., the human, material, and cultural resources of the economy), and utilizes locally available materials and energy resources, with tools and processes maintained and operationally controlled by the local population.
48. The term _______ refers to the plan for a particular type of building, arrangement of machinery and equipment and provision of facilitation in the building.
Factory building
Factory design
Factory layout
Factory premises
Answer.2. Factory design
Explanation:
Factory design is the arrangement of machines and equipment within a factory which includes the layout of departments within the factory site, the layout of machines within the departments, and the layout of individual workplaces.
49. _______ analysis is one of the most popular techniques used for planning, scheduling, monitoring and coordinating projects comprising a number of activities.
Network
Financial
Techno-economic
Input
Answer.1. Network
Explanation:
Network analysis is one of the most popular techniques used for planning, scheduling, monitoring, and coordinating large and complex projects comprising a number of activities.
It involves the development of a network to indicate a logical sequence of work that contains elements of a complex situation.
50. ________ is the difference between sales and variable cost.
Margin of safety
Fixed cost
Contribution
Profit
Answer.3. Contribution
Explanation:
Contribution is the difference between sales and variable costs.
It is ‘ the excess of selling price over variable cost per unit ‘. It is also termed as contribution margin.
It expresses the revenue available for recovering the fixed costs after recovering the variable costs.
