Questions and CORRECT Answers
1)
Advantages of purchasing insurance for your company include all of the following except:**
insurance premiums are fully deductible.
purchase of insurance lessens the uncertainty of loss occurrence.
insurance is viable when the time value of money is essential to the company.
having insurance increases the confidence of companies doing business with yours. - CORRECT
ANSWER - INSURANCE IS VIABLE WHEN THE TIME VALUE OF MONEY IS
ESSENTIAL TO THE COMPANY
2)
Which of the following reflects organizational culture in the workplace?
how employees and managers respond to crisis situations
the ways that managers control the workspace
incentives and rewards within the organization
All of the above. - CORRECT ANSWER - ALL OF THE ABOVE
3)
What is a method to use when clearly and concisely communicating in writing?
think before you write
be direct
read what you write
All of the above. - CORRECT ANSWER - ALL OF THE ABOVE
4)
A lease abstract is an overview of:
the most frequently litigated items in a lease.
, the most frequently negotiated items in a lease.
the most frequently referenced items in a lease.
the most frequently taxed items in a lease. - CORRECT ANSWER - THE MOST
FREQUENTLY REFERENCED ITEMS IN A LEASE
5)
Over 69,000 commercial building projects have been registered for third-party green building
certification with the USGBC, the major American proponent of built environment
sustainability. What is the USGBC?
the US Green Building Council
the US Green Building Group
the US Green Board and Group
the US Green Board and Council - CORRECT ANSWER - US GREEN BUILDING
COUNCIL
6)
Which type of insurance coverage provides protection to your business against third-party bodily
injury and property damage claims?
general business liability
commercial auto insurance
workers' compensation
business owner's insurance - CORRECT ANSWER - GENERAL BUSINESS LIABILITY
7)
A ________ is an agreement between a client and agency that defines what's included within a
project and what is not.
statement of review and specifications
project statement
statement of work
project declaration - CORRECT ANSWER - STATEMENT OF WORK