21 New PMP Questions & Answers with explanation

1.
One of your subproject managers, a recent graduate with limited experience in managing projects, prepared a procurement SOW. When you were researching independent estimates, you discovered that your vendor’s proposals are way off of your expectations. You review the SOW and find that it was not detailed enough for the vendor to come up with an accurate estimate. Of the following options, which area of the PMI Code of Ethics and Professional Conduct does this question relate to, and which process does the independent estimates tool and technique belong to?
Select one
2.
The purpose of this process is concerned with satisfying the needs of the stakeholders, managing communications with them, resolving issues, managing their expectations, and more, and this process also relates to this area of the PMI Code of Ethics and Professional Conduct.
Select one
3.
You have just been hired into a new organization. You are working on an RFP and have discovered that the qualified sellers list for this organization includes a company owned by someone who attended college with you. You have performed a make-or-buy analysis and decided it is best to procure the product needed for this project. You are helping the procurement group prepare for the upcoming bidder conference and are determining the criteria to use to evaluate proposals. You schedule a meeting with your manager and the procurement officer to explain your association with one of the vendors. Since you haven’t seen your college friend in many years, you are certain this won’t be a problem. What area of the PMI Code of Ethics and Professional Conduct does this question refer to, and which process are you conducting?
Select one
4.
All of the following represent values addressed in the Code of Ethics and Professional Conduct, except for which one?
Select one
5.
You are a project manager and are in the stage of the project where you are juggling a lot of activities at the same time. You are negotiating for resources, negotiating procurements, and monitoring risks and risk triggers. An approved change request has come your way and must be processed back through this process. This approved change will expand your project scope. You daydream of escaping the day-to-day work life and for a brief moment wonder whether you could contract this additional work through your spouse’s company and take the money and run. But then the daydream bubble bursts and it’s back to reality. What process does this describe, and what area within the PMI Code of Ethics and Professional Conduct pertains to this situation?
Select one
6.
As part of performing administrative closure activities, a project manager creates false responses to a stakeholder satisfaction survey. He reasons that he has received highly positive feedback throughout the entire project and didn’t want to be a bother to his stakeholders after they worked so hard to successfully finish the project. The project manager’s actions violated which core value addressed within the Code of Ethics and Professional Conduct?
Select one
7.
The Code of Ethics and Professional Conduct applies to all of the following groups of individuals, except for which one?
Select one
8.
One of your team members, a fellow PMP credential holder, is under investigation for violation of the Code of Ethics and Professional Conduct. What action should you take?
Select one
9.
All of the following are true regarding the Code of Ethics and Professional Conduct except for which one?
Select one
10.
You are in the midst of some difficult procurement negotiations. The schedule, service-level agreements, and incentives have not been agreed upon. One of the parties representing the vendor lashes out at you during the negotiations. You were not expecting this outburst and are just about to stoop to their level when you remember which of the following in reference to the PMI Code of Ethics and Professional Conduct and the process you are currently performing?
Select one