Chapter 28 Self-grading Quizzes

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. The word "project" in the context of development planning can be thought of as ________.

an investment of scarce resources in the expectation of future benefit correct incorrect

an unconnected plan of studying the resources in the country for the economic progress correct incorrect

a utilitarian calculation of how to optimize the resources correct incorrect

both A and C correct incorrect

both B and C correct incorrect

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. A development project must be ________.

privately-funded correct incorrect

financially sustainable correct incorrect

publicly-funded correct incorrect

profitable correct incorrect

none of the above correct incorrect

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. A project cycle involves all of the following except ________.

identification correct incorrect

preparation correct incorrect

implementation correct incorrect

prescription correct incorrect

evaluation correct incorrect

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. Project environment involves programs that can be ________.

sector based (e.g., a sector plan or program) correct incorrect

geographically based (e.g., a regional plan) correct incorrect

organizationally based (e.g., plans and proposals from government organizations, private-sector companies, NGOs, or community groups) correct incorrect

both A and C correct incorrect

all of the above correct incorrect

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. Logical framework approach reflects a combination of ________.

the logical framework correct incorrect

project cycle correct incorrect

objective (or goal) oriented project planning correct incorrect

both A and B correct incorrect

both A and C correct incorrect

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. The purposes of the objective oriented project planning are ________.

to ensure that resources are targeted to meet the needs of priority groups correct incorrect

to make appropriate arrangements for co- ordination and participation correct incorrect

to understand and address potential areas of conflict in project design correct incorrect

both A and C correct incorrect

all of the above correct incorrect

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. A development project is characterized in terms of the following specifications except ________.

it must be planned with a clear objective in mind correct incorrect

it must have geographical and/or organizational boundaries correct incorrect

it must be time unbound correct incorrect

it must include an investigation on the scarce resources in the expectation of future benefit correct incorrect

neither B nor C correct incorrect

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. ________ is NOT one of the four components of the vertical logic of the "Project Planning Matrix."

Process correct incorrect

Activities correct incorrect

Results correct incorrect

Purpose correct incorrect

Overall objective correct incorrect

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. ________ is NOT one of the four specifications of the "Project Planning Matrix" in its horizontal dimensions.

Description correct incorrect

Indicators correct incorrect

Outcomes correct incorrect

Assumptions correct incorrect

Means of verification correct incorrect

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. To judge whether a project is a good thing, we must consider all of the following except ________.

whether the overall benefits of the project exceed the costs correct incorrect

whether the project could respond the need for structural adjustments correct incorrect

whether the net benefits to key stakeholders exceed their costs, i.e., do they have the incentive to participate as assumed correct incorrect

whether the distribution of the costs and benefits of the project is such that it can be said to contribute to the development objective correct incorrect

whether the risk of failure sufficiently low for all relevant stakeholders correct incorrect

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. In estimating the costs and benefits of any project it is useful to distinguish between categories of costs, namely ________.

investment costs correct incorrect

operating costs correct incorrect

working capital correct incorrect

both A and B correct incorrect

all of the above correct incorrect

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. Operating costs of the projects are the costs incurred in running the project and can be ________.

variable and related to the activity of the project correct incorrect

conditioned and related to the social and cultural dimensions of the project correct incorrect

fixed and related to the unchanged costs correct incorrect

both A and B correct incorrect

both A and C correct incorrect

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. The annual statement of costs and benefits is sometimes described for the following analyses except ________.

political analysis correct incorrect

financial analysis correct incorrect

analysis of cash flow correct incorrect

economic analysis correct incorrect

a resource statement correct incorrect

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. To know whether a project is good, the following indicators are required: ________.

the nest present value correct incorrect

the internal rate of return correct incorrect

the benefit-cost ratio correct incorrect

both A and B correct incorrect

all of the above correct incorrect

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. To analyze projects at market prices, it is necessary to make the following adjustments: ________.

adjust all foreign exchange costs and benefits upward to take account of the relative scarcity of foreign exchange correct incorrect

remove all elements of tax from the prices since taxes are transfers from the taxpayer to the government, not real resource costs correct incorrect

adjust formal-sector unskilled labour costs downward to take account of unemployment and underemployment using a shadow wage rate correct incorrect

both B and C correct incorrect

all of the above correct incorrect

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. The most widely known model of project development is the __________.

Project Spiral correct incorrect

Logical Framework correct incorrect

Logical Framework Approach correct incorrect

Project Cycle correct incorrect

Problem analysis correct incorrect

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. Two of the processes of the Project Cycle are _________________.

simplicity and rigidity correct incorrect

observation and experimentation correct incorrect

appraisal and evaluation correct incorrect

cost-benefit and cost-effectiveness analyses correct incorrect

cycles and spirals correct incorrect

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. The Project Cycle was developed for ____________.

the IMF correct incorrect

The World Bank correct incorrect

the German development agency correct incorrect

the USAID correct incorrect

the logical framework approach correct incorrect

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. In the Project Cycle, the cycle is completed when ____________.

the evaluation process is satisfactory correct incorrect

the evaluation process leads to a new project idea correct incorrect

there is a series of concentric circles correct incorrect

the cycle starts again correct incorrect

a project goes through the processes of identification correct incorrect

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. The main criticisms against the project cycles has been based on __________.

statistics from the World Bank correct incorrect

its results around the world correct incorrect

its determination correct incorrect

the possibility of abandonment or termination correct incorrect

its simplicity and rigidity correct incorrect

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. Picciotto and Weaving developed a new version of the project cycle for the World Bank that emphasized _______________.

simplicity and rigidity correct incorrect

participation and flexibility correct incorrect

a number of alternative and more detailed models correct incorrect

the interests of stakeholders only correct incorrect

a series of concentric circles correct incorrect

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. An alternative approach of a development project is the ____________.

Project Cycle correct incorrect

LF correct incorrect

Project Spiral correct incorrect

the project environment correct incorrect

fact that it is better to abandon or redesign a bad project than to continue to sink more and more resources into something that is likely to fail correct incorrect

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. In the Project Spiral model, the process of project development is conceived as a series of _____________.

problem analysis techniques correct incorrect

more or less systematic processes correct incorrect

associations of project planning procedures correct incorrect

concentric circles that may eventually lead to project terminations correct incorrect

concentric circles that may eventually lead to project implementations correct incorrect

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. The project planning process starts with ________________.

appraisal correct incorrect

identification correct incorrect

evaluation correct incorrect

cost-benefit analysis correct incorrect

cost-effectiveness analysis correct incorrect

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. In the beginning of a project planning process, project ideas are derived from the project environment and _______________ are important.

cycles correct incorrect

benefits correct incorrect

profits correct incorrect

sector strategies correct incorrect

poverty and development correct incorrect

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. Development projects have to be planned without a clear objective in mind. It is planned to address unprecedented events.

True correct incorrect

False correct incorrect

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. A great deal of donor funding was directed into investment projects and training planners in developing countries in the planning and appraisal of such projects.

True correct incorrect

False correct incorrect

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. Less aid-dependent countries presumably have greater capacity to plan their projects effectively.

True correct incorrect

False correct incorrect

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. A project process is conceived as a series of concentric circles that may eventually lead to project implementation.

True correct incorrect

False correct incorrect

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. The project planning process starts with project identification.

True correct incorrect

False correct incorrect

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. Often projects involve partners, so the project idea may be derived from the interaction of different partners.

True correct incorrect

False correct incorrect

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. The first stage in OOPP is to identify the needs of the governments.

True correct incorrect

False correct incorrect

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. The process of objectives analysis might result in multiple strategies to satisfy the intended objectives.

True correct incorrect

False correct incorrect

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. The "Project Planning Matrix" aims at ensuring that the project is logical.

True correct incorrect

False correct incorrect

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. Project feasibility is not the essential part of the project planning.

True correct incorrect

False correct incorrect

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. Operating costs are the costs incurred in running the project and can be variable, or fixed.

True correct incorrect

False correct incorrect

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. Opportunity cost is not an important concept for economic analysis.

True correct incorrect

False correct incorrect

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. Measurement of external costs and benefits is one of the most important aspects of economic analysis.

True correct incorrect

False correct incorrect

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. Investment costs are the initial costs required to establish the project and often include replacement costs for items that have an operational life less than the life of the project.

True correct incorrect

False correct incorrect

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. All project activities involve investment.

True correct incorrect

False correct incorrect

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. The idea that sector planning should be combined with more detailed project planning is totally new.

True correct incorrect

False correct incorrect

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. Due to harsh criticisms of the simplicity of the original Baum model, this is model or similar are not used anymore.

True correct incorrect

False correct incorrect

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. Procedures designed for aid programming should be equally valid for the far larger number of projects funded internally by developing-country governments and other organizations in both the public and private sectors.

True correct incorrect

False correct incorrect

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. It is better to abandon or redesign a bad project than to continue to sink more and more resources into something that is likely to fail.

True correct incorrect

False correct incorrect

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. A project is more likely to succeed if it departs from a program that identifies constraints to be overcome to offer alternative solutions.

True correct incorrect

False correct incorrect

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. Programs can be sector-based, geographically based or organizationally based.

True correct incorrect

False correct incorrect

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. The process of identifying projects cannot be based on problem-solving techniques or reviews of resource availability.

True correct incorrect

False correct incorrect

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. The combination of objective oriented project planning and the logical framework is often described as ZOPP.

True correct incorrect

False correct incorrect

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. A problem analysis state is designed to allow a systematic analysis of causes and effects.

True correct incorrect

False correct incorrect

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. A project can start to be planned when there is a clear idea of the problem to be solved.

True correct incorrect

False correct incorrect