ARE 5.0 Practice Management Practice Exam Questions With 100% Correct Answers.

What are the four reasons an architect should consider professional liability insurance? - Answer-1. Social Responsibility, 2. Continuing Operations, 3. Contract Requirements, 4. Business Survival During the building of a pre-school and day care facility, the general contractor ran over the allotted schedule which interrupted the client's intention to be up and running before the beginning of the school year. The contractor is claiming that the delays are due to weather. Where should the architect look for information to support or challenge the contractor's claim? - Answer-Field Reports Each project has a unique set of circumstances related to risk level. What are four typical ones? - Answer-1. Client type, 2. standard-of-care, 3. financial, 4. project-delivery Under what circumstances might you sign an operating agreement? - Answer-When forming an LLC. (est. rules and guidelines) What examples of actions adhere to professional behaviors outlined for AIA members in the Code of Ethics and Professional Conduct? - Answer-1. Provide pro bono services, 2. sign drawings within responsible control, 3. advance sustainable design practices What are some negative effects of falsely hiring an employee as a consultant? - Answer-1. Loss of worker's compensation, 2. tax liabilities, 3. Lost employment benefit, 4. exposure to fraud According to AIA Document B1010, Standard Form of Agreement Between Owner and Architect is required to carry which types of insurance? - Answer-1. Professional liability, 2. Workers' Compensation, 3. Automobile Insurance, 4. General liability What are the client risk probabilities an architect should ask themselves when writing a proposal? - Answer-1. Client's expectations of error-free, near perfect drawings, 2. Client's dreams exceed the reality of their funding, 3. Clients understanding of the construction processWhat 4 project characteristics does a stipulated or lump-sum include? - Answer-1. Client has extensive experience in the project type, 2. The project Scope is well-defined, 3. Hotel, hospital or other project that has many units, 4. Client must have total fee before starting project. What 2 things does an architect's professional-liability insurance cover? - Answer-1. Errors by current employees, 2. Claims brought by third parties What are typical purposes of a good, highly evolved professional training-and -development program? - Answer-1. Ensures that employees are kept well informed of changing trends and regulations in the field, 2. Helps enhance employees' careers, 3. Attracts and retains the high-quality talent who strive to keep their skills up-to-date. Forming a corporation to provide design services involves filling articles of incorporation with which entity? - Answer-Secretary of State If an architect is managing a construction project for a large hospital. Which logs would the architect use to keep records? - Answer-Submittal and phone log An architect has executed a contract for basic services on a new administrative facility. After completing the first project meeting, the client asks whether the architect can design multiple options for the breakout spaces and break room because departments within the building do not agree on the direction the design should take. How should the architect proceed with this request? - Answer-Have an open dialogue with the client about additional service on the contract