CM 4211 FINAL EXAM 2026 ACTUAL PAPER
WITH VERIFIED SOLUTIONS
◉ The construction contract will specify contract details such as
which of the following. Answer: Scope of Work
◉ Does a Lump Sum Turnkey have better protections than a normal
Lump Sum contract? Answer: Yes
◉ What is a Unit Price contract? Answer: The unit price contract
details prices per unit, which may include materials, labor, overhead,
supplies, and profit
◉ T&M contracts can lead to many disputes on pricing. Answer:
True
◉ Sole Proprietors cannot sell what to raise money Answer: Shares
or Interest
◉ What company structure increases liability for managers and
members Answer: (a.LLC
b.S Corporation)
, None of the above
◉ To qualify as a DBE entity, the organization must qualify for one of
the federally recognized disadvantaged populations Answer: True
◉ A C Corporation can be subject to ? and issue ? Answer: Double
Taxation, stock
◉ Which company structure allows for holding appreciating assets,
real estate, and stock portfolios Answer: LLC
◉ For a Federal SBA Service-Disabled Veteran Owned Business to
qualify for the classification it must have a rating of: Answer: 0%
◉ All states offer asset protection for LLCs with a single owner
Answer: False
◉ Some states charge extra fee for operating an LLC Answer: True
◉ How many years can an 8(a) participant be in the program?
Answer: 9 Years
WITH VERIFIED SOLUTIONS
◉ The construction contract will specify contract details such as
which of the following. Answer: Scope of Work
◉ Does a Lump Sum Turnkey have better protections than a normal
Lump Sum contract? Answer: Yes
◉ What is a Unit Price contract? Answer: The unit price contract
details prices per unit, which may include materials, labor, overhead,
supplies, and profit
◉ T&M contracts can lead to many disputes on pricing. Answer:
True
◉ Sole Proprietors cannot sell what to raise money Answer: Shares
or Interest
◉ What company structure increases liability for managers and
members Answer: (a.LLC
b.S Corporation)
, None of the above
◉ To qualify as a DBE entity, the organization must qualify for one of
the federally recognized disadvantaged populations Answer: True
◉ A C Corporation can be subject to ? and issue ? Answer: Double
Taxation, stock
◉ Which company structure allows for holding appreciating assets,
real estate, and stock portfolios Answer: LLC
◉ For a Federal SBA Service-Disabled Veteran Owned Business to
qualify for the classification it must have a rating of: Answer: 0%
◉ All states offer asset protection for LLCs with a single owner
Answer: False
◉ Some states charge extra fee for operating an LLC Answer: True
◉ How many years can an 8(a) participant be in the program?
Answer: 9 Years
