CM 4221 Quiz 1-6 questions and
answers rated A+
What is an EIS? - correct answer ✔✔ A document prepared to describe the effects for proposed
construction activities on the surrounding natural and physical environment
Which of the following is not a method used to procure a constructor? - correct answer ✔✔ Job
order contracting
This testing process helps to reduce the risk that major project systems (HVAC, electrical, etc)
will work according to the project objectives, plans, and specifications. - correct answer ✔✔
Commissioning
Vertical building projects are first designed by an architect and then engineered by design
engineers while horizontal infrastructure projects are typically designed and engineered by
design engineers - correct answer ✔✔ True
Based on laws and regulations, privately financed projects must utilize competitive bidding to
procure a construction firm. - correct answer ✔✔ False
Scoping and planning are two management activities that occur during the engineering and
design phase of a project lifecycle - correct answer ✔✔ True
A program manager is the same as a project manager. - correct answer ✔✔ False
Low bid is a procurement procedure used to select a contractor based solely on total
construction cost. - correct answer ✔✔ True
, Which of the following is NOT a disadvantage of Integrated Project Delivery?
a.
No single source of responsibility
b.
Multi-party agreements are not allowed on federally funded projects
c.
Insurance is difficult and expensive to obtain
d.
None of these
e.
Lack of legal precedence - correct answer ✔✔ None of these
This procurement procedure utilizes cost and technical factors to select a construction firm for a
project. - correct answer ✔✔ Best value
The quick ratio is calculated by adding all cash and receivables and dividing that value by the
total current liabilities for a company. - correct answer ✔✔ True
Current liabilities can be converted into cash within one year to pay off debt - correct answer
✔✔ False
The straight line method of depreciation is a series of depreciation methods that calculates
more depreciation in the early years of an asset and less depreciation in later years - correct
answer ✔✔ False
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
answers rated A+
What is an EIS? - correct answer ✔✔ A document prepared to describe the effects for proposed
construction activities on the surrounding natural and physical environment
Which of the following is not a method used to procure a constructor? - correct answer ✔✔ Job
order contracting
This testing process helps to reduce the risk that major project systems (HVAC, electrical, etc)
will work according to the project objectives, plans, and specifications. - correct answer ✔✔
Commissioning
Vertical building projects are first designed by an architect and then engineered by design
engineers while horizontal infrastructure projects are typically designed and engineered by
design engineers - correct answer ✔✔ True
Based on laws and regulations, privately financed projects must utilize competitive bidding to
procure a construction firm. - correct answer ✔✔ False
Scoping and planning are two management activities that occur during the engineering and
design phase of a project lifecycle - correct answer ✔✔ True
A program manager is the same as a project manager. - correct answer ✔✔ False
Low bid is a procurement procedure used to select a contractor based solely on total
construction cost. - correct answer ✔✔ True
, Which of the following is NOT a disadvantage of Integrated Project Delivery?
a.
No single source of responsibility
b.
Multi-party agreements are not allowed on federally funded projects
c.
Insurance is difficult and expensive to obtain
d.
None of these
e.
Lack of legal precedence - correct answer ✔✔ None of these
This procurement procedure utilizes cost and technical factors to select a construction firm for a
project. - correct answer ✔✔ Best value
The quick ratio is calculated by adding all cash and receivables and dividing that value by the
total current liabilities for a company. - correct answer ✔✔ True
Current liabilities can be converted into cash within one year to pay off debt - correct answer
✔✔ False
The straight line method of depreciation is a series of depreciation methods that calculates
more depreciation in the early years of an asset and less depreciation in later years - correct
answer ✔✔ False
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
