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NEW QUESTION: 1
Select the incorrect statement(s) regarding good corporate governance practices:
I). Board Members cannot have any material relationship with the Company, other than as a Board
Member or Shareowner of the Company.
II). Board Members cannot use Company assets.
III). If a Shareowner-approved proposal is not binding, then the Company does not have to implement it.
A. I and III.
B. I, II and III.
C. I and II.
Answer: B
Explanation:
I). Independent Board Members cannot have any material .... .
II). They cannot use Company assets for personal use.
III). is true. However, this would be a sign of weak
corporate governance.

NEW QUESTION: 2
A change has occurred on your project. You've documented the change, filled out a change request, and submitted that request to the change control board (CCB). What's the NEXT thing that must happen on the project?
A. The project manager meets with the team to analyze the impact of the change on the project's time, scope and cost.
B. The project manager informs the CCB whether or not to approve the change.
C. Stakeholders on the CCB use expert judgment to evaluate the requested change for approval.
D. A senior manager decides whether or not to make the change and informs the project management team of the decision.
Answer: C
Explanation:
A change control board (or CCB) is a group of people that approves or rejects changes. It usually includes the sponsor, which makes sense because the sponsor is the one funding the project. It's not the project manager's job to tell the CCB whether or not to approve a change - they use their expert judgment to figure out whether or not the change is valuable. It IS the project manager's job to make sure the impact of the change on the triple constraint (time, scope and cost) is evaluated, but that impact analysis should happen BEFORE the change request is sent to the CCB.

NEW QUESTION: 3
Identify the THREE types of formal peer reviews that can be recognized.
A. Walkthrough
B. Management review
C. Assessment
D. Informal review
E. Inspection
F. Technical review
G. Audit
Answer: A,E,F