Construction Management EXAM 1 questions with correct answers, Exams of Construction

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Construction Management EXAM 1

questions with correct answers

Who is responsible if the construction plans do not comply with all the applicable design codes, rules and laws? Correct Answer-Designer Which of the following types of materials has the longest lead time assuming that there is no shortage? Correct Answer-custom fabricated Which two methods occur at the same stage of the procurement process and are submitted by vendors? Correct Answer-bid and quotation T/F labor productivity measures the effect of labor only Correct Answer-false T/F units of labor productivity is in terms of output per hour Correct Answer-true T/F labor productivity can be used as a measure of performance in construction management Correct Answer-true Which of the following labor arrangement is no longer allowed ANYWHERE in the U.S.? Correct Answer-closed shop, only refer work to union workers T/F For a public project (i.e. prevailing wage job), general contractor/subcontractor needs make sure that every hour period of every worker is properly categorized for wage purposes. Correct Answer-true T/F Constructors need to make every reasonable effort that construction related materials (including dust, mud/dirt on vehicle wheels, sediment in water) don't leave the construction site. Correct Answer-true

Under OSHA, it is employer's responsibility to make sure all employees wear personal protective equipment (PPE), unless the employee doesn't want to. Correct Answer-False Which of the following is not related to an environmental law or regulation? -preservation of historical buildings -environmental justice -the hiring of disadvantaged business -noise pollution Correct Answer-the hiring of disadvantaged businesses If there is significant environmental impact, then what needs to be approved for a project? Correct Answer-environmental impact statement Which of the following is NOT a violation of Missouri law concerning professional licensing? -use the title of an engineer without being licensed -as a licensed engineer, to supervise an engineer in training -practice engineering without a liscense -seal a plan prepared by someone else Correct Answer-as a licensed engineer, to supervise an engineer in training Which of the following does not minimize one's tort liability and risk? -follow design code, regulations

-have a large budget for paying out tort judgments -obtain the appropriate permits from agencies having jurisdiction -keep careful records of proper engineering decisions Correct Answer-have a large budget for paying out tort judgments Which of the following is an untrue statement about private land development? -in traditional zoning, a developer may only build for the type of use permitted by the zoning -a private land developer can utilize eminent domain for private use -although difficult to obtain, a developer may deviate from zoning regulations with an approved waiver or variance -a developer has to follow applicable zoning regulations Correct Answer-a private land developer can utilize eminent domain for private use This branch of government makes and enforces rules. Correct Answer-executive Which of the following is NOT a reason public projects are subject to more regulations than private projects? -public projects often involve public financing -need to protect public health, safety, and welfare -public facilities are used by a large number of people -in contrast to public projects, private projects are not impacted by violations of regulations Correct Answer-in contrast to public projects, private projects are not impacted by violations of regulations Which type of finance options for Public Entity does not require a public vote?

-Revenue Bond -General Obligation Bond (G O Bond) -Correct! Federal/State Government -Loan/Grant -Debt financing by the public entity Correct Answer-Federal/State Government Loan/Grant How much profit does a design company usually make out of the total project's cost (based on 10% - 15% profit model)? Correct Answer-10% of the total cost T/F An amount of money today is worth less than that same amount in the future Correct Answer-false T/F present value is worth more than future value because the present amount can be invested Correct Answer-true T/F time value of money refers to the notion that money can earn more money over time Correct Answer-true NPV Correct Answer-net present value Which of the following does not represent the principal or amount borrowed? U ( ((1+i)^n) -1) / (i(1+i))^n Q ∑(U/(1+i)^t ) U Correct Answer-U

What is the best characterization of the timing of the financing problem? Correct Answer-to bridge the immediate need of construction with the future revenue for paying back debt Which of the following is an incorrect understanding of debt financing? -private debt financing requires voter approval -a less risky loan, for example one secured by a facility that is already built, has a more favorable rate -often, public debt financing is limited in amount by law to a percentage of value of the agency -a bond represents a promise to repay the principal at maturity Correct Answer- private debt financing requires voter approval Which of the following is the only true statement concerning public financing? -public perception of financing strategies does not need to be taken into account -various financing mechanisms are mutually exclusive -different funding needs (e.g. planning vs. construction) could involve different types of financing -public agencies cannot require developers to pay for development impacts because that is showing favoritism Correct Answer-different funding needs (e.g. planning vs. construction) could involve different types of financing Which of the following statements is untrue with regards to taxes and fees? -taxes and fees provides a stead cash flow to pay down finance debt

-taxes and fees are used interchangeably -transportation develop districts could charge an extra sales tax amount to improve local infrastructure -the government offers tax incentives and credits to private corporations in the hope that they will produce new jobs and increase the tax base Correct Answer- taxes and fees are used interchangeably Which of the following statements is the best example illustrating the relationship between integration and innovation? -integration enables better constructability -separation of design from construction inhibits innovation -innovation and integration are unrelated concepts -a poorly designed layout can lead to constructability problems such as limited staging area and site access Correct Answer-separation of design from construction inhibits innovation Which of the following is untrue of innovation in construction management? -industries that allow easy entry into marketplace are typically less innovative -LEED is an example of a voluntary standard that encourages environmental innovation -simple/low cost project have the best likelihood of seeing innovation -less regulations typically lead to greater innovation Correct Answer-simple/low cost project have the best likelihood of seeing innovation Which of the following statements is incorrect?

-owners want to assume all the risk since they own the project and want full control -liability and risk management are related concepts -the allocation risk refers to which party is assigned the liability in case something goes wrong -designers want to share the liability with owners since owners should check over designs Correct Answer-owners want to assume all the risk since they own the project and want full control Which of the following is not part of the design process? -monitoring and control - track activity durations and costs -search - identify possible design solutions -formulation - define design problems -modification - adjust best solution according to changed conditions or new info Correct Answer-monitoring and control - track activity durations and costs Which of the following statements is INCORRECT about civil engineers vs. architects in private building projects? -Architects and civil engineers can only practice in their respective fields -Civil engineers are typically the lead because architects are not licensed civil engineers -Civil engineers are typically design subcontractors to architectural firms -Architects are typically the lead Correct Answer-Civil engineers are typically the lead because architects are not licensed civil engineers

Which of the following is NOT a major difference between private building and public heavy civil projects? -Private commercial building projects never have to meet ADA standards because they are private -Private owners are not obligated to use a low bid criterion in selecting a contractor -Private building projects usually do not have requirements such as Buy America and DBEs -Private owners is not restricted from engaging the same contractor to perform both design and construction Correct Answer-Private commercial building projects never have to meet ADA standards because they are private What is similar between the the design career path versus the construction management career path? Correct Answer-You could be hired into the construction industry What is the major difference between the preliminary and final design? -The purpose and level of detail -The owner does the preliminary while the contractor does the final -There is not much difference -Preliminary is done on paper while the final is done on CAD Correct Answer-The purpose and level of detail T/F Project life cycle only starts when the project is ready for bidding and contracting Correct Answer-False T/F Financial experts are traditionally associated with owners because owners own the facility that is built Correct Answer-True

Which one of the following statements is untrue? -Many civil engineers work on public works projects -Public project typically involved the acquisition of large amounts of right of way -An example of a public owner is the State -Engineers and architects employed by private firms work on private projects exclusively Correct Answer-Engineers and architects employed by private firms work on private projects exclusively Which of the following does the owner NOT have to do for a typical public civil project? -Award engineering services to the lowest bidder -Have public authorization for the expenditure of public funds -Identify the public purpose and need for a project -Meet public funding/facility requirements such as the use of DBEs and the ADA Correct Answer-Award engineering services to the lowest bidder Which of the following statements is untrue concerning the public construction manager? -Has to submit the firm's engineering qualifications and history of construction -Obtains the necessary surety bond and insurance Obtains the subcontractor and vendor commitments Meets any applicable federal or state requirements on prevailing wages and the use of DBEs Correct Answer-Has to submit the firm's engineering qualifications and history of construction