ARE 5.0 PCM Exam with complete solutions
CANNON 1 - Answer-GENERAL OBLIGATIONS: MAINTAIN & ADVANCE THEIR
KNOWLEDGE OF THE ART & SCIENCE OF ARCHITECTURE, CONTRIBUTE TO ITS
GROWTH, EXERCISE LEARNED AND COMPROMISED PROFESSIONAL
JUDGEMENT.
/.CANNON II - Answer-OBLIGATIONS TO THE PUBLIC: SERVE THE PUBLIC
INTEREST IN THEIR PROFESSIONAL AND PERSONAL ACTIVITIES
/.CANNON III - Answer-OBLIGATIONS TO THE CLIENT: SERVE CLIENTS
COMPETENTLY AND IN A PROFESSIONAL MANNER.
/.CANNON IV - Answer-OBLIGATIONS TO THE PROFESSION: UPHOLD THE
INTEGRITY AND DIGNITY OF THE PROFESSION.
/.CANNON V - Answer-OBLIGATIONS TO COLLEAGUES: RESPECT THE RIGHTS
AND ACKNOWLEDGE THE PROFESSIONAL ASPIRATIONS AND CONTRIBUTIONS
OF THEIR COLLEAGUES.
/.CANNON VI - Answer-OBLIGATIONS TO THE ENVIRONMENT: PROMOTE
SUSTAINABLE DESIGN AND DEVELOPMENT PRINCIPLES
/.SOLE PROPRIETORSHIP - Answer-OWNED BY AN INDIVIDUAL. EASY TO SETUP,
TOTAL MGT BY OWNER, POSSIBLE TAX ADVANTAGES. DISADVANTAGE:
OWNER IS PERSONALLY LIABLE FOR COMPANY DEBTS AND LOSSES
/.GENERAL PARTNERSHIP - Answer-2 OR MORE PEOPLE, GENERAL PARTNERS,
SHARE MGT, RISK, RPFIT. INCOME IS SHARED & REPORTED ON PERSONAL
TAX FORMS. EACH PARTNER IS PERSONALLY LIABLE FOR BUSINESS DEBTS.
/.LIMITED PARTNERSHIP - Answer-HAS ONE GENERAL PARTNER & AT LEAST
ONE LIMITED PARTNER. GEN. PARTNERS INVEST & MANAGE IT & ARE
FINANCIALLY RESPONSIBLE. LIMITED PARTNERS ARE SILENT INVESTORS,
ONLY LIABLE FOR THEIR INITIAL INVESTMENT.
/.CORPORATION/ C CORP - Answer-A LEGAL ENTITY SEPARATE FROM ITS
MEMBERS, REQUIRES ARTICLES OF CORP FROM STATE OFFICE. MEMBERS
ARE ONLY RESPONSIBLE FOR INITAL INVESTMENT.
/.C CORP - Answer-STRUCTURE: STOCKHOLDERS, DIRECTORS, OFFICERS
/.CORP - Answer-ADVANTAGE: MEMBERS PERSONAL ASSETS ARE NOT AT RISK.
TAXED AT LOWER RATES BUT ONCE AT THE BUSINESS LEVEL ON ITS PROFITS
AND ONCE FOR ITS SHAREHOLDERS FOR DIVIDENDS
, /.S CORP - Answer-ALLOCATES INCOME AND LOSSES DIRECTLY TO
SHAREHOLDERS. LIMITED TO SMALL BUSINESSES, LESS THAN 100.
/.LLC OR LLP - Answer-CONSIST OF INVESTORS/MEMBERS AND MANAGERS.
MEMBERS HAVE NO PERSONAL LIABILITY ONLY INITIAL INVESTMENT. NOT A
SEPARATE ENTITY TAX WISE SO THE BUSINESS ISN'T TAXED.
PROFITS/LOSSES AND TAXES ARE PASSED ON TO ITS MEMBERS
/.JOINT VENTURE - Answer-TEMP ASSOCIATION OF 2 OR MORE
PERSONS/FIRMS FOR THE PURPOSE OF COMPLETING A PROJECT OR GOAL.
TYP. OF LARGE PROJECT TYPES & OUTSOURCING EXPERTISE. DISSOLVES
AFTER COMPLETION.
/.TEAMING AGREEMENT - Answer-DEFINES ROLES, RESPONSIBILITIES, &
CONTRACTUAL RELATIONSHIPS. NOT A FORMAL AGREEMENT.
/.STANDARD OF CARE - Answer-LEVEL OF SKILL & DILIGENCE THAT A
REASONABLY PRUDENT ARCH WOULD EXERCISE IN THE SAME COMMUNITY,
IN THE SAME FRAME AND GIVEN THE SAME SIM FACTS & CIRCUMSTANCES.
/.DEPARTMENTAL ORG/ HORIZ OR FLAT ORG - Answer-VERY EFFICIENT,
ALLOWS FOR FINE TUNING OF PROCESSES, CREATES ECONOMIES OF SCALE.
POSSIBLE COMMUNICATION ISSUES.
/.STUDIO ORG / VERT OR TALL ORG - Answer-STUDIOS ARE GEARED FOR
COMPLETING ENTIRE PROJECTS BASED ON TYPES. WITHIN THE GROUP.
/.OUTSOURCING - Answer-CONTRACTING W ANOTHER COMPANY TO DO SOME
WORK FOR A PROJECT.
/.SUPPORT STAFF - Answer-EMPLOYEES OTHER THAN PROFESSIONAL STAFF &
SENIOR MGT. IR MARKETING, ACCOUNTING ETC
/.BUSINESS LICENSES - Answer-MUST CONFORM TO LOCAL, STATE, & FEDERAL
LAWS AND REGS. A CORP. MUST BE REGISTERED W THE STATE WHICH IT
PRACTICES
/.CORP REQUIREMENT - Answer-SOME STATES REQUIRE FILING W STATE REG
BOARD TO OBTAIN A CERTIFICATE OF AUTHORIZATION
/.SOLE PROPRIETORSHIP - Answer-MUST PAY SELF EMPLOYMENT TAXES TO
COVER SS & MEDICARE.
/.HR PERSONNEL MGT - Answer-INVOLVES ENTIRE RANGE OF HIRING,
COMPENSATING, MANAGING & TERMINATING EMPLOYESS.
CANNON 1 - Answer-GENERAL OBLIGATIONS: MAINTAIN & ADVANCE THEIR
KNOWLEDGE OF THE ART & SCIENCE OF ARCHITECTURE, CONTRIBUTE TO ITS
GROWTH, EXERCISE LEARNED AND COMPROMISED PROFESSIONAL
JUDGEMENT.
/.CANNON II - Answer-OBLIGATIONS TO THE PUBLIC: SERVE THE PUBLIC
INTEREST IN THEIR PROFESSIONAL AND PERSONAL ACTIVITIES
/.CANNON III - Answer-OBLIGATIONS TO THE CLIENT: SERVE CLIENTS
COMPETENTLY AND IN A PROFESSIONAL MANNER.
/.CANNON IV - Answer-OBLIGATIONS TO THE PROFESSION: UPHOLD THE
INTEGRITY AND DIGNITY OF THE PROFESSION.
/.CANNON V - Answer-OBLIGATIONS TO COLLEAGUES: RESPECT THE RIGHTS
AND ACKNOWLEDGE THE PROFESSIONAL ASPIRATIONS AND CONTRIBUTIONS
OF THEIR COLLEAGUES.
/.CANNON VI - Answer-OBLIGATIONS TO THE ENVIRONMENT: PROMOTE
SUSTAINABLE DESIGN AND DEVELOPMENT PRINCIPLES
/.SOLE PROPRIETORSHIP - Answer-OWNED BY AN INDIVIDUAL. EASY TO SETUP,
TOTAL MGT BY OWNER, POSSIBLE TAX ADVANTAGES. DISADVANTAGE:
OWNER IS PERSONALLY LIABLE FOR COMPANY DEBTS AND LOSSES
/.GENERAL PARTNERSHIP - Answer-2 OR MORE PEOPLE, GENERAL PARTNERS,
SHARE MGT, RISK, RPFIT. INCOME IS SHARED & REPORTED ON PERSONAL
TAX FORMS. EACH PARTNER IS PERSONALLY LIABLE FOR BUSINESS DEBTS.
/.LIMITED PARTNERSHIP - Answer-HAS ONE GENERAL PARTNER & AT LEAST
ONE LIMITED PARTNER. GEN. PARTNERS INVEST & MANAGE IT & ARE
FINANCIALLY RESPONSIBLE. LIMITED PARTNERS ARE SILENT INVESTORS,
ONLY LIABLE FOR THEIR INITIAL INVESTMENT.
/.CORPORATION/ C CORP - Answer-A LEGAL ENTITY SEPARATE FROM ITS
MEMBERS, REQUIRES ARTICLES OF CORP FROM STATE OFFICE. MEMBERS
ARE ONLY RESPONSIBLE FOR INITAL INVESTMENT.
/.C CORP - Answer-STRUCTURE: STOCKHOLDERS, DIRECTORS, OFFICERS
/.CORP - Answer-ADVANTAGE: MEMBERS PERSONAL ASSETS ARE NOT AT RISK.
TAXED AT LOWER RATES BUT ONCE AT THE BUSINESS LEVEL ON ITS PROFITS
AND ONCE FOR ITS SHAREHOLDERS FOR DIVIDENDS
, /.S CORP - Answer-ALLOCATES INCOME AND LOSSES DIRECTLY TO
SHAREHOLDERS. LIMITED TO SMALL BUSINESSES, LESS THAN 100.
/.LLC OR LLP - Answer-CONSIST OF INVESTORS/MEMBERS AND MANAGERS.
MEMBERS HAVE NO PERSONAL LIABILITY ONLY INITIAL INVESTMENT. NOT A
SEPARATE ENTITY TAX WISE SO THE BUSINESS ISN'T TAXED.
PROFITS/LOSSES AND TAXES ARE PASSED ON TO ITS MEMBERS
/.JOINT VENTURE - Answer-TEMP ASSOCIATION OF 2 OR MORE
PERSONS/FIRMS FOR THE PURPOSE OF COMPLETING A PROJECT OR GOAL.
TYP. OF LARGE PROJECT TYPES & OUTSOURCING EXPERTISE. DISSOLVES
AFTER COMPLETION.
/.TEAMING AGREEMENT - Answer-DEFINES ROLES, RESPONSIBILITIES, &
CONTRACTUAL RELATIONSHIPS. NOT A FORMAL AGREEMENT.
/.STANDARD OF CARE - Answer-LEVEL OF SKILL & DILIGENCE THAT A
REASONABLY PRUDENT ARCH WOULD EXERCISE IN THE SAME COMMUNITY,
IN THE SAME FRAME AND GIVEN THE SAME SIM FACTS & CIRCUMSTANCES.
/.DEPARTMENTAL ORG/ HORIZ OR FLAT ORG - Answer-VERY EFFICIENT,
ALLOWS FOR FINE TUNING OF PROCESSES, CREATES ECONOMIES OF SCALE.
POSSIBLE COMMUNICATION ISSUES.
/.STUDIO ORG / VERT OR TALL ORG - Answer-STUDIOS ARE GEARED FOR
COMPLETING ENTIRE PROJECTS BASED ON TYPES. WITHIN THE GROUP.
/.OUTSOURCING - Answer-CONTRACTING W ANOTHER COMPANY TO DO SOME
WORK FOR A PROJECT.
/.SUPPORT STAFF - Answer-EMPLOYEES OTHER THAN PROFESSIONAL STAFF &
SENIOR MGT. IR MARKETING, ACCOUNTING ETC
/.BUSINESS LICENSES - Answer-MUST CONFORM TO LOCAL, STATE, & FEDERAL
LAWS AND REGS. A CORP. MUST BE REGISTERED W THE STATE WHICH IT
PRACTICES
/.CORP REQUIREMENT - Answer-SOME STATES REQUIRE FILING W STATE REG
BOARD TO OBTAIN A CERTIFICATE OF AUTHORIZATION
/.SOLE PROPRIETORSHIP - Answer-MUST PAY SELF EMPLOYMENT TAXES TO
COVER SS & MEDICARE.
/.HR PERSONNEL MGT - Answer-INVOLVES ENTIRE RANGE OF HIRING,
COMPENSATING, MANAGING & TERMINATING EMPLOYESS.
