New PMP Question & Answers with explanation

Nicolas is the project manager of a project that has been described as revolutionizing the mobile fitness tracking industry. He prepares for a meeting with the project’s sponsor to discuss the performance of their largest vendor. What information will Nicolas need to reference to provide this information?
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You have a very energetic project team. They are motivated by results, have good conflictresolution skills, and are highly committed to the project, among other things. They have a solid understanding of the project goals and objectives and understand the direction the project is headed in. Which of the following does this describe?
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Robert is a practicing project manager who is studying for his PMP® exam. During a study session with a colleague, he insists that it is important for project managers to consider all 49 project management processes, while his colleague insists that it is not necessary and that project managers should carry out only the necessary processes. Who is correct?
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A project manager has been asked to calculate the payback period for her project. The project’s investment is $500,000, with expected cash inflow of $50,000 for the first two quarters and $100,000 for every quarter thereafter. What is the payback period?
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You are in the process of attaining and assigning resources to the project. You have both internal and external resources. You will be hiring your external resources using a work order against a contract you have with a local staffing agency. All of the following are true except for which one?
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