CM 4221 FINAL EXAM LATEST
ANSWER ALL QUESTIONS IN THIS SECTION
QUESTION 1
What is an EIS?
Select one:
a. A document prepared to describe the effects for proposed construction activities
on the surrounding natural and physical environment
b. A process used to determine the feasibility of constructing a project
c. The format used to organize construction trades into specific categories
d. None of these
e. A document used by a contractor to inquire about additional information from
the owner and/or design team - ANSWERS-a. A document prepared to describe
the effects for proposed construction activities on the surrounding natural and
physical environment
QUESTION 2
How many CSI divisions does the post-2004 masterformat have?
Select one:
a. 100 Divisions
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, CM 4221 FINAL EXAM LATEST
b. 32 Divisions
c. 16 divisions
d. 50 Divisions - ANSWERS-D
QUESTION 3
Which of the following is not a method used to procure a constructor?
Select one:
a. Qualifications-based selection
b. Job order contracting
c. Best value
d. Low bid - ANSWERS-b. Job order contracting
QUESTION 4
A feasibility study is used early in the construction phase of a project to help
determine the means and methods of construction
Select one:
True
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, CM 4221 FINAL EXAM LATEST
False - ANSWERS-False
QUESTION 5
one major advantage of multi-prime contracting is the ease in phasing a project.
Select one:
True
False - ANSWERS-True
QUESTION 6
A construction firm has just purchased a 3D printer for performing small scale
construction work on commercial projects. The initial cost of the new asset is
$150,000. The firm expects to use the 3D printer for 12 years and expects to
salvage the printer for $3,000 at that time. What is the annual depreciation of the
3D printer?
Select one:
a. $0
b. $12,250
c. $12,500
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3
, CM 4221 FINAL EXAM LATEST
d. $14,700
e. $1,225 - ANSWERS-b. $12,250
QUESTION 7
For a company's annual balance sheet, the total amount of assets must always equal
the total amount of liabilities plus the total amount of equity
Select one:
True
False - ANSWERS-True
QUESTION 8
Which of the following items is considered a cash inflow for a construction
company?
Select one:
a. Operating expenses
b. Taxes
c. Buy equipment
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PAGE
4
ANSWER ALL QUESTIONS IN THIS SECTION
QUESTION 1
What is an EIS?
Select one:
a. A document prepared to describe the effects for proposed construction activities
on the surrounding natural and physical environment
b. A process used to determine the feasibility of constructing a project
c. The format used to organize construction trades into specific categories
d. None of these
e. A document used by a contractor to inquire about additional information from
the owner and/or design team - ANSWERS-a. A document prepared to describe
the effects for proposed construction activities on the surrounding natural and
physical environment
QUESTION 2
How many CSI divisions does the post-2004 masterformat have?
Select one:
a. 100 Divisions
END OF
PAGE
1
, CM 4221 FINAL EXAM LATEST
b. 32 Divisions
c. 16 divisions
d. 50 Divisions - ANSWERS-D
QUESTION 3
Which of the following is not a method used to procure a constructor?
Select one:
a. Qualifications-based selection
b. Job order contracting
c. Best value
d. Low bid - ANSWERS-b. Job order contracting
QUESTION 4
A feasibility study is used early in the construction phase of a project to help
determine the means and methods of construction
Select one:
True
END OF
PAGE
2
, CM 4221 FINAL EXAM LATEST
False - ANSWERS-False
QUESTION 5
one major advantage of multi-prime contracting is the ease in phasing a project.
Select one:
True
False - ANSWERS-True
QUESTION 6
A construction firm has just purchased a 3D printer for performing small scale
construction work on commercial projects. The initial cost of the new asset is
$150,000. The firm expects to use the 3D printer for 12 years and expects to
salvage the printer for $3,000 at that time. What is the annual depreciation of the
3D printer?
Select one:
a. $0
b. $12,250
c. $12,500
END OF
PAGE
3
, CM 4221 FINAL EXAM LATEST
d. $14,700
e. $1,225 - ANSWERS-b. $12,250
QUESTION 7
For a company's annual balance sheet, the total amount of assets must always equal
the total amount of liabilities plus the total amount of equity
Select one:
True
False - ANSWERS-True
QUESTION 8
Which of the following items is considered a cash inflow for a construction
company?
Select one:
a. Operating expenses
b. Taxes
c. Buy equipment
END OF
PAGE
4
