Project ________ management is an overarching function that affects and is affected by all of the other knowledge areas.

Simpson, Inc. is considering a five-year project that has an initial outlay or cost of $80,000

The respective future cash inflows from its project for years 1, 2, 3, 4 and 5 are: $15,000, $25,000, $35,000, $45,000, and $55,000. Simpson uses the internal rate of return method to evaluate projects. What is the project's IRR? A) The IRR is less than 22.50%. B) The IRR is about 24.16%. C) The IRR is about 26.16%. D) The IRR is over 26.50%.

Which of the following is not a way that a manager at a manufacturing firm can improve the performance level in the organization?

A) A focus on the value-chain. B) A focus on supply-chain operations. C) A focus only on budgeting to improve all performance levels in the organization. D) A focus on customer service and the distribution channels to enhance operations. E) A focus on marketing strategies to develop new products and services.