ARE 5.0 Practice Management questions and answers latest top score.

ARE 5.0 Practice Management questions and answers latest top score. Levels of a corporation - correct answers.Stakeholders, directors, officers Insurances required by AIA B101 - correct answers.1. General liability covers firm's physical property/office space with limit to total claims 2. Professional liability covers errors/omissions, disciplinary/regulatory/administrative expenses 3. Workers' compensation insurance covers employee injuries or illness with medical care/lost wages 4. Auto liability covers company vehicles and personal cars used for business purposes Standard of Care - correct answers.Expected quality of service for an architect by area/time/circumstances; decides whether architect is at fault for error/omission Format types for specifications - correct answers.MasterFormat: classifies by material: concrete, masonry, metals, etc. (older format, more commonly used) Uniformat: classifies by system: substructure, shell interiors, etc. (newer format, better for BIM) Employment practice liability insurance - correct answers.Insurance to protect from wrongful termination Intellectual property insurance - correct answers.Insurance to cover claims based on copyright/intellectual copyright infringement Owner is responsible for - correct answers.Pre-existing site conditions (geological/hazardous materials/surveying), paying contractor, paying owner's subs, change orders, hiring/firing architect with/without cause Aggregate limit - correct answers.Maximum limit of coverage available under a liability policy during a policy year regardless of the number of claims that may be made or the number of accidents that may occur Premium - correct answers.Monthly/yearly bill Deductible - correct answers.Maximum paid by you, prior to coverage kicking in and paying Claim - correct answers.You think you experienced a covered event and demand payment from the insurance company Grossing metrics - correct answers.Measure of efficiency (profitability for the owner); especially important in commercial office space construction Net assignable area (less than 1) - correct answers.All the spaces needed by the client (offices) Gross area (less than 1) - correct answers.Whole building, including structure, mechanical and circulation spaces not included in net assignable area Rentable area (greater than 1) - correct answers.Includes common areas used by all building tenants e.g. lobbies/stairwells/closets/mech rooms/elevator shafts Usable area (greater than 1) - correct answers.Area the tenant occupies to do business e.g. columns/restrooms/private corridors/storage but not lobbies/janitorial (shared with other tenants) Grossing factor (1.08-1.12) - correct answers.Established during programming; 1.30 = 30sf mech/circulation for 100sf office space Zones of occupance - correct answers.Density of occupants: distance to nearest HVAC; public 25' radius, social 12' radius, personal 4' radius, intimate 1.5' radius Architect's fee = x% construction costs - correct answers.Architect will be paid for x% of contractor's overhead costs Tail insurance - correct answers.Covers the architect's projects after the architect's retirement Process to file ethical complaint against architect - correct answers.1. File complaint through AIA National 2. Advisory board/chair will be chosen 3. Pre-hearing/hearing/start/claim/defense/end/judgement (confidential, no counter-claims, no fining/enforcing, only admonishing/suspending)