CM 4221 FINAL FOR ARUP BHATTACHARYA TEST LATEST UPDATED
A written contract outlining the conditions and duration of a performance
warranty is called an expressed warranty.
ACTUAL
The likelihood of encountering "unforeseen site conditions" on your project is
forty percent. The average increase in foundation costs due to unanticipated site
circumstances is $20,000. How much would you expect the foundation
subcontractor to inflate their bid if you were to assign them the risk of
unanticipated site conditions?-$8,000
Which of the following describes a balance sheet category or component?
Obligations
There is an expiration date on a temporary certificate of occupancy.
ACTUAL
After accepting the work for final acceptance, the owner receives waivers of
lien from the general contractor and the subcontractors.
FALSE
Earned value integrates scope and schedule into a number of project
performance evaluation techniques.
FALSE
The steps and factors required to evaluate and modify the building and
production processes in order to regulate the degree of quality being produced
in the final product are known as quality assurance.
FALSE
, Materials that are transported in small amounts and placed in a container at the
construction site are known as bulk materials.
FALSE
Which of the following describes a risk management tool?
project controls, risk management, and insurance
A new fleet of three Caterpillar AP355F Pavers, which cost $145,000 apiece
when brand-new in 2016, is being considered by a highway asphalt contractor.
The contractor anticipates using the new fleet for a minimum of ten years. After
ten years, each paver should be worth $35,000. What is the annual depreciation
cost for each of the three AP355F pavers?
$33,000 for all three
What is an example of a short-term liability among the following?
Taxes
When doing a site investigation visit for a new building project before
submitting a bid, which of the following factors is not required to be inspected
or taken into consideration?
Everything should be taken into account, including the site's accessibility, roads,
and utilities' vicinity.
What is the ratio of debt to value?
0.65
Site investigation visits are performed to gather and document all relevant
information that won't be required for project construction.
FALSE
The reduced monthly holding costs associated with Just-in-Time inventories are
a significant advantage.
ACTUAL
What is the term for a contractor's assurance to an owner that a project will
A written contract outlining the conditions and duration of a performance
warranty is called an expressed warranty.
ACTUAL
The likelihood of encountering "unforeseen site conditions" on your project is
forty percent. The average increase in foundation costs due to unanticipated site
circumstances is $20,000. How much would you expect the foundation
subcontractor to inflate their bid if you were to assign them the risk of
unanticipated site conditions?-$8,000
Which of the following describes a balance sheet category or component?
Obligations
There is an expiration date on a temporary certificate of occupancy.
ACTUAL
After accepting the work for final acceptance, the owner receives waivers of
lien from the general contractor and the subcontractors.
FALSE
Earned value integrates scope and schedule into a number of project
performance evaluation techniques.
FALSE
The steps and factors required to evaluate and modify the building and
production processes in order to regulate the degree of quality being produced
in the final product are known as quality assurance.
FALSE
, Materials that are transported in small amounts and placed in a container at the
construction site are known as bulk materials.
FALSE
Which of the following describes a risk management tool?
project controls, risk management, and insurance
A new fleet of three Caterpillar AP355F Pavers, which cost $145,000 apiece
when brand-new in 2016, is being considered by a highway asphalt contractor.
The contractor anticipates using the new fleet for a minimum of ten years. After
ten years, each paver should be worth $35,000. What is the annual depreciation
cost for each of the three AP355F pavers?
$33,000 for all three
What is an example of a short-term liability among the following?
Taxes
When doing a site investigation visit for a new building project before
submitting a bid, which of the following factors is not required to be inspected
or taken into consideration?
Everything should be taken into account, including the site's accessibility, roads,
and utilities' vicinity.
What is the ratio of debt to value?
0.65
Site investigation visits are performed to gather and document all relevant
information that won't be required for project construction.
FALSE
The reduced monthly holding costs associated with Just-in-Time inventories are
a significant advantage.
ACTUAL
What is the term for a contractor's assurance to an owner that a project will
