1 of 50
Term Definition
Rate of Return are how many flows from the
owner to the contractor
throughout the project when
estimated of the work are mage
and verified by the owners
representative
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True False
Correct definition
predetermined standars where the minimum acceptable
interest rate is used to calculate present worth. is present
worth is equal or greater than zero, alternative is viable.
, 2 of 50
Definition Term
the account reflects REVENUE True
from a billing to a client at the
time the bill or invoice is
prepared regardless of when
payment is actually received.
(ACCRUAL)
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True False
3 of 50
Term Definition
Bid Bond method of comparing
alternatives is suitable for
mutually exclusive alternatives
with the same functional
duration (lives)
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True False
Correct definition
, gurantees the owner that the principal will honor its bid and
will sign all the contract documents if awarded the contract.
4 of 50
Definition Term
all obligations are recognized true
for accounting purposes at the
time they are incurred rather
than at the time of payment
(ACCRUAL)
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True False
5 of 50
Definition Term
Tires, fuel, brake pads, oil FALSE
changes, batteries, examples of
depreciation
Give this one a try later!
Term Definition
Rate of Return are how many flows from the
owner to the contractor
throughout the project when
estimated of the work are mage
and verified by the owners
representative
Give this one a try later!
True False
Correct definition
predetermined standars where the minimum acceptable
interest rate is used to calculate present worth. is present
worth is equal or greater than zero, alternative is viable.
, 2 of 50
Definition Term
the account reflects REVENUE True
from a billing to a client at the
time the bill or invoice is
prepared regardless of when
payment is actually received.
(ACCRUAL)
Give this one a try later!
True False
3 of 50
Term Definition
Bid Bond method of comparing
alternatives is suitable for
mutually exclusive alternatives
with the same functional
duration (lives)
Give this one a try later!
True False
Correct definition
, gurantees the owner that the principal will honor its bid and
will sign all the contract documents if awarded the contract.
4 of 50
Definition Term
all obligations are recognized true
for accounting purposes at the
time they are incurred rather
than at the time of payment
(ACCRUAL)
Give this one a try later!
True False
5 of 50
Definition Term
Tires, fuel, brake pads, oil FALSE
changes, batteries, examples of
depreciation
Give this one a try later!
