AIC Exam 2
Which of the following is a fundamental element of a contract?
A. Exchange of money
B. Revised scope of work
C. Time extension
D. Mutual acceptance
D. Mutual acceptance
Which of the following contract types is best used if the scope is defined but not the quantities of
material?
A. Lump Sum
B. Unit price
C. Cost plus
D. Cost plus with GMP
B. Unit price
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Which delivery method is the construction administrator most like a consultant?
A. Lump Sum
B. CM Agency
C. CM at Risk
D. Integrated Project Delivery
B. CM Agency
Which statement is true about the DesignBuild
,delivery method?
A. Design is complete when contractor is
involved
B. Fast tracking is difficult with this delivery
method
C. There is a sole source for fault for
building system failures
D. Most DB firms are temporary affiliation
created for a single project
C. There is a sole source for fault for
building system failures
Which delivery method has the most risk for the contractor?
A. Design-Bid-Build
B. Design-Build
C. CM at Risk
D. Integrated Project Delivery
B. Design-Build
Which of the following is a major difference between a CM agency and a CM at risk
A. One manage construction on the owners behalf
B. One has a contract with the designers
C. One provides a lump sum price for construction services
D. One caps the construction costs the owner is required to pay
D. One caps the construction costs the owner is required to pay
Under which legal entity are the most amount of total taxes paid?
A. Sole proprietorship
B. Partnership
C. Corporation
D. Limited Liability Corporation
C. Corporation
In the construction industry, which legal entity is often a temporary arrangement?
A. Sole proprietorship
B. Partnership
C. Limited liability corporation
D. Joint ventures
D. Joint ventures
, Which is an advantage of forming a corporation?
A. Reduced personal liability of shareholders
B. Value of corporation can't go down from initial purchase price
C. Less taxes paid then limited liability corporation
D. Quick decision making especially for large companies
A. Reduced personal liability of shareholders
What is your return on assets assuming a net profit before tax of $15,000 and $30,000 total
assets?
A. .5%
B. 2%
C. 50%
D. 200%
A. .5%
What chart would be the most appropriate to show the percentage of fall protection safety
violations compared to all safety
violations
A. Histogram
B. Bar chart
C. Pie chart
D. Line chart
C. Pie chart
Which management system was developed based on Toyota's production system?
A. TQM
B. Six Sigma
C. Lean
D. ISO 9000
C. Lean
Which of the following should a construction professional provide when providing services to
their clients based on the AIC
code of conduct?
A. Adjustable ethics based on clients preference
B. Management excellence
C. Minimum industry standards
D. Complete transparency to everyone on every task
Which of the following is a fundamental element of a contract?
A. Exchange of money
B. Revised scope of work
C. Time extension
D. Mutual acceptance
D. Mutual acceptance
Which of the following contract types is best used if the scope is defined but not the quantities of
material?
A. Lump Sum
B. Unit price
C. Cost plus
D. Cost plus with GMP
B. Unit price
Previous
Play
Next
Rewind 10 seconds
Move forward 10 seconds
Unmute
0:03
/
0:15
Full screen
Brainpower
Read More
Which delivery method is the construction administrator most like a consultant?
A. Lump Sum
B. CM Agency
C. CM at Risk
D. Integrated Project Delivery
B. CM Agency
Which statement is true about the DesignBuild
,delivery method?
A. Design is complete when contractor is
involved
B. Fast tracking is difficult with this delivery
method
C. There is a sole source for fault for
building system failures
D. Most DB firms are temporary affiliation
created for a single project
C. There is a sole source for fault for
building system failures
Which delivery method has the most risk for the contractor?
A. Design-Bid-Build
B. Design-Build
C. CM at Risk
D. Integrated Project Delivery
B. Design-Build
Which of the following is a major difference between a CM agency and a CM at risk
A. One manage construction on the owners behalf
B. One has a contract with the designers
C. One provides a lump sum price for construction services
D. One caps the construction costs the owner is required to pay
D. One caps the construction costs the owner is required to pay
Under which legal entity are the most amount of total taxes paid?
A. Sole proprietorship
B. Partnership
C. Corporation
D. Limited Liability Corporation
C. Corporation
In the construction industry, which legal entity is often a temporary arrangement?
A. Sole proprietorship
B. Partnership
C. Limited liability corporation
D. Joint ventures
D. Joint ventures
, Which is an advantage of forming a corporation?
A. Reduced personal liability of shareholders
B. Value of corporation can't go down from initial purchase price
C. Less taxes paid then limited liability corporation
D. Quick decision making especially for large companies
A. Reduced personal liability of shareholders
What is your return on assets assuming a net profit before tax of $15,000 and $30,000 total
assets?
A. .5%
B. 2%
C. 50%
D. 200%
A. .5%
What chart would be the most appropriate to show the percentage of fall protection safety
violations compared to all safety
violations
A. Histogram
B. Bar chart
C. Pie chart
D. Line chart
C. Pie chart
Which management system was developed based on Toyota's production system?
A. TQM
B. Six Sigma
C. Lean
D. ISO 9000
C. Lean
Which of the following should a construction professional provide when providing services to
their clients based on the AIC
code of conduct?
A. Adjustable ethics based on clients preference
B. Management excellence
C. Minimum industry standards
D. Complete transparency to everyone on every task
