CM 4221 MIDTERM QUIZZES QUESTIONS &
ANSWERS
How many CSI divisions does the post-2004 masterformat have? - Answer -50
Divisions
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. -
Answer -Commissioning
Which of the following is not a method used to procure a constructor? - Answer -Job
order contracting
A feasibility study is used early in the construction phase of a project to help determine
the means and methods of construction - Answer -False
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 - Answer -True
Scoping and planning are two management activities that occur during the engineering
and design phase of a project lifecycle - Answer -True
A program manager is the same as a project manager. - Answer -False
One major advantage of multi-prime contracting is the ease in phasing a project. -
Answer -True
Which of the following is NOT a disadvantage of Integrated Project Delivery? - Answer
-None of these
This procurement procedure utilizes cost and technical factors to select a construction
firm for a project. - Answer -Best Value
Retained earnings is defined as an inflow of assets, not necessarily cash, in exchange
of goods and services sold. - Answer -False
The quick ratio is calculated by adding all cash and receivables and dividing that value
by the total current liabilities for a company. - Answer -True
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 - Answer -True
ANSWERS
How many CSI divisions does the post-2004 masterformat have? - Answer -50
Divisions
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. -
Answer -Commissioning
Which of the following is not a method used to procure a constructor? - Answer -Job
order contracting
A feasibility study is used early in the construction phase of a project to help determine
the means and methods of construction - Answer -False
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 - Answer -True
Scoping and planning are two management activities that occur during the engineering
and design phase of a project lifecycle - Answer -True
A program manager is the same as a project manager. - Answer -False
One major advantage of multi-prime contracting is the ease in phasing a project. -
Answer -True
Which of the following is NOT a disadvantage of Integrated Project Delivery? - Answer
-None of these
This procurement procedure utilizes cost and technical factors to select a construction
firm for a project. - Answer -Best Value
Retained earnings is defined as an inflow of assets, not necessarily cash, in exchange
of goods and services sold. - Answer -False
The quick ratio is calculated by adding all cash and receivables and dividing that value
by the total current liabilities for a company. - Answer -True
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 - Answer -True
