New PMP Question & Answers with explanation

Your company sells Internet of Things appliances. They've just learned that another company is going to offer the same appliances you offer with new, updated features and functionality. Your project came about to incorporate similar features in your product line. What is the business reason or need that brought this project about?
Select one
Agile project life cycle methodologies are characterized by which of the following?
Select three
Which of the following are true regarding multiphased relationships?
Select three
Which of the following applies a set of tools and techniques used to describe, organize, and monitor the work of project activities to meet the project requirements?
Select one
You've been hired as a manager for the adjustments department of a nationwide bank based in your city. The adjustments department is responsible for making corrections to customer accounts. This is a large department, with several smaller sections that deal with specific accounts, such as personal checking or commercial checking. You've received your first set of management reports and can't make heads or tails of the information. Each section appears to use a different methodology to audit their work and record the data for the management report. You request that a project manager from the PMO come down and get started right away on a project to streamline this process and make the data and reports consistent. This project came about as a result of which of the following?
Select one