CM-100 Overview of the Construction
Industry program review test and
answers.
Construction Industry Goods-Producing status - n
Ans ✔
Construction Industry holds the second largest goods-producing industry in the
United States.
Qs
Construction Industry Employment number - n
Ans ✔
More than 6.4 million people in craft and management positions.
Qs
Construction Industry gross domestic product number - n
Ans ✔
Construction accounts for 6% of the national gross domestic product
Qs
Construction Industry % of US employment - n
Ans ✔
Construction employs 5% of the US workers.
Qs
Construction Industry impacts... - n
Ans ✔
Construction Industry impacts everyone's life.
, Qs
general contractors award subcontracts to - n
Ans ✔
specialty contractors.
Qs
Design/build - n
Ans ✔
Under this method, an owner typically hires a single entity, to perform both design
and construction under a single contract.
Qs
Design-Bid-Build - n
Ans ✔
This is the most traditional process in the U.S. construction industry, where the
owner contracts separately with a designer and a contractor also known as
competitive low bid.
Qs
How many construction companies fail every very year - n
Ans ✔
About 10,000 construction companies
Qs
Amount of liabilities from failed construction companies - n
Ans ✔
$2 billion in liabilities.
Qs
Residential Construction - n
Ans ✔
Industry program review test and
answers.
Construction Industry Goods-Producing status - n
Ans ✔
Construction Industry holds the second largest goods-producing industry in the
United States.
Qs
Construction Industry Employment number - n
Ans ✔
More than 6.4 million people in craft and management positions.
Qs
Construction Industry gross domestic product number - n
Ans ✔
Construction accounts for 6% of the national gross domestic product
Qs
Construction Industry % of US employment - n
Ans ✔
Construction employs 5% of the US workers.
Qs
Construction Industry impacts... - n
Ans ✔
Construction Industry impacts everyone's life.
, Qs
general contractors award subcontracts to - n
Ans ✔
specialty contractors.
Qs
Design/build - n
Ans ✔
Under this method, an owner typically hires a single entity, to perform both design
and construction under a single contract.
Qs
Design-Bid-Build - n
Ans ✔
This is the most traditional process in the U.S. construction industry, where the
owner contracts separately with a designer and a contractor also known as
competitive low bid.
Qs
How many construction companies fail every very year - n
Ans ✔
About 10,000 construction companies
Qs
Amount of liabilities from failed construction companies - n
Ans ✔
$2 billion in liabilities.
Qs
Residential Construction - n
Ans ✔
