Cnst cont. t1 Exam Questions and
Answers (Latest Update 2026)
How best can an owner be certain to obtain a high-quality finished
project from design-build? -
correct answer ✅Having design excellence as a major factor in
contractor selection process
It is to the advantage of all of us involved in the construction
industry to discourage others from pursuing a career in our
profession. The more people who enter our profession, the fewer
opportunities exist. -
correct answer ✅False
Who are the two insurers for the three major financial institutions
that furnish mortgage money to the residential construction market
in the U.S.? (Provide your answers as unpunctuated acronyms and
separate answers by a comma and a single space (i.e.: xxx, xxx)) -
correct answer ✅VA, FHA
The three major financial institutions that furnish mortgage money
to the residential construction market in the U.S. are _______.
(Separate answers by a comma and a single space (i.e.: xxx, xxx,
xxx). Must get all three correctly to earn the point) -
correct answer ✅Ginnie Mae, Freddie Mac, Fannie Mae
,Cnst cont. t1 Exam Questions and
Answers (Latest Update 2026)
Charged with the responsibility to promote leadership in energy
and environmental design is ______________. -
correct answer ✅The United States Green Building Council
Private-sector projects are funded by tax dollars through cities,
towns, states, and the federal government. -
correct answer ✅False
Construction financing is most likely to be ______________. -
correct answer ✅Short term
_________________ often makes use of multiple prime contracts. -
correct answer ✅phased construction
Young people presently view a career in construction as highly
desirable. -
correct answer ✅False
Conformity with the applicable building code is primarily the
responsibility of the ______ party. -
correct answer ✅Design
, Cnst cont. t1 Exam Questions and
Answers (Latest Update 2026)
SBC Construction, Inc. and John Smith Electrical sole proprietor
completed a project for Mr. Green in which a claim for liability is
being made for negligence on the part of the joint venture. Which
statement is incorrect with regard to this claim of liability? -
correct answer ✅SBC Construction, Inc.is liable to Mr. Green
beyond the assets of his business
A single individual can own all the stock of a corporation. -
correct answer ✅True
Which one of the following statements is incorrect? -
correct answer ✅Only two firms can form a joint venture
SBC Construction is a corporation practicing mainly in eastern
Michigan. Seeking to expand to other states, it is bidding to take on
construction of a dam across the Mississippi River in Minnesota.
What business entity will most enable SBC to obtain this project
without registering in Minnesota? -
correct answer ✅Joint venture
Which business type is most prevalent among construction firms? -
correct answer ✅Sole proprietor
Answers (Latest Update 2026)
How best can an owner be certain to obtain a high-quality finished
project from design-build? -
correct answer ✅Having design excellence as a major factor in
contractor selection process
It is to the advantage of all of us involved in the construction
industry to discourage others from pursuing a career in our
profession. The more people who enter our profession, the fewer
opportunities exist. -
correct answer ✅False
Who are the two insurers for the three major financial institutions
that furnish mortgage money to the residential construction market
in the U.S.? (Provide your answers as unpunctuated acronyms and
separate answers by a comma and a single space (i.e.: xxx, xxx)) -
correct answer ✅VA, FHA
The three major financial institutions that furnish mortgage money
to the residential construction market in the U.S. are _______.
(Separate answers by a comma and a single space (i.e.: xxx, xxx,
xxx). Must get all three correctly to earn the point) -
correct answer ✅Ginnie Mae, Freddie Mac, Fannie Mae
,Cnst cont. t1 Exam Questions and
Answers (Latest Update 2026)
Charged with the responsibility to promote leadership in energy
and environmental design is ______________. -
correct answer ✅The United States Green Building Council
Private-sector projects are funded by tax dollars through cities,
towns, states, and the federal government. -
correct answer ✅False
Construction financing is most likely to be ______________. -
correct answer ✅Short term
_________________ often makes use of multiple prime contracts. -
correct answer ✅phased construction
Young people presently view a career in construction as highly
desirable. -
correct answer ✅False
Conformity with the applicable building code is primarily the
responsibility of the ______ party. -
correct answer ✅Design
, Cnst cont. t1 Exam Questions and
Answers (Latest Update 2026)
SBC Construction, Inc. and John Smith Electrical sole proprietor
completed a project for Mr. Green in which a claim for liability is
being made for negligence on the part of the joint venture. Which
statement is incorrect with regard to this claim of liability? -
correct answer ✅SBC Construction, Inc.is liable to Mr. Green
beyond the assets of his business
A single individual can own all the stock of a corporation. -
correct answer ✅True
Which one of the following statements is incorrect? -
correct answer ✅Only two firms can form a joint venture
SBC Construction is a corporation practicing mainly in eastern
Michigan. Seeking to expand to other states, it is bidding to take on
construction of a dam across the Mississippi River in Minnesota.
What business entity will most enable SBC to obtain this project
without registering in Minnesota? -
correct answer ✅Joint venture
Which business type is most prevalent among construction firms? -
correct answer ✅Sole proprietor
