CAPM (Certified Associate in Project Management) Practice Exam

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Prepare for the CAPM (Certified Associate in Project Management) exam with our informative quiz. Test your knowledge through multiple-choice questions and detailed explanations to boost your confidence and readiness for the certification.

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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Why are appraisal costs incurred?

To identify investment opportunities
To assess the quality
To reduce employee turnover
To increase stock value

The correct answer is: To assess the quality

Appraisal costs are incurred to assess the quality of products or services. These costs are related to activities such as inspections, testing, and quality reviews that are undertaken to ensure that products or services meet quality standards. By investing in appraisal costs, organizations can identify defects early in the process, prevent defective products from reaching customers, and ultimately improve the overall quality of their deliverables.