DBIA Exam |ACCURATE QUESTIONS |VERIFIED ANSWERS | LATEST UPDATE |NEW VERSION 2024- 2025|, Exams of Business Systems

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DBIA Exam |ACCURATE QUESTIONS |VERIFIED ANSWERS | LATEST UPDATE |NEW VERSION 2024- 2025|GUARANTEED PASS| The 1860 treaty ended tariffs on the main items of trade—wine, brandy and silk goods from France, and coal, iron and industrial goods from Britain. - ANSWER The Cobden-Chevalier Treaty of 1860 a non-discriminatory policy that requires countries to treat all other countries the same when it comes to trade. - ANSWER MFN- most favored nation what does MFN stands for? - ANSWER Most favored nation what year severe depression occur? - ANSWER 1873-1877 In 1879, Germany would revert to more protectionist policies with its - ANSWER "iron and rye" tariff The tariff raised the average duty on imports to almost fifty percent, an increase designed to protect domestic industries and workers from foreign competition. - ANSWER The McKinley Tariff Act of 1890 IMF? - ANSWER international monetary fund ITO? - ANSWER international Trade Organization arose out of the 1944 Bretton Woods Agreement. - ANSWER IMF, ITO GATT? - ANSWER General agreement on tariffs and trade is a treaty minimizing barriers to international trade by eliminating or reducing quotas, tariffs, and subsidies. It was intended to boost economic recovery after World War II. - ANSWER GATT 1947 how many countries signed GATT? - ANSWER 23 European Union.. The Treaty would create a common market for coal and steel among its member states with freely set market prices, free movement of products, and without customs duties or taxes, subsidies, or restrictive practices . - ANSWER European Coal & Steel Community (1951) succeeded the GATT as the global supervisor of world trade liberalization, following the Uruguay Round of trade negotiations. - ANSWER WORLD TRADE ORGANIZATION 1955 refers to the exchange of goods and services between countries. In simple words, it means the export and import of goods and services. - ANSWER International Trade means selling goods and services out of the country, - ANSWER Export means goods and services flowing into the country. - ANSWER import prices or demand and supply are affected by - ANSWER global events There are three types of international trade: - ANSWER Export Trade, Import Trade, Entrepot Trade. is a combination of export and import trade and is also known as Re-export. - ANSWER entrepot trade It means importing goods from one country and exporting them to another country after adding some value. - ANSWER entrepot trade Primarily, a nation imports goods and services for the following reasons: - ANSWER Price Quality Availability Demand refers to the advantage a nation gets from producing products more efficiently with the same input than other nations. - ANSWER Absolute Cost Advantage Theory _____ _____ is the belief that there is a technique, method or process that is more effective at delivering a particular outcome than any other . - ANSWER Best practice With proper ____, ____, and ____ a desired outcome can be delivered with fewer problems and unforeseen complications. - ANSWER - process - checks - testing Implementing the best practices on any type of DB project _____ the probability of a _____ project that meets the expectations of all _____. - ANSWER - increases - successful - stakeholders If the best practices are NOT implemented, there is a(n) ____ probability that the project's _____ will be compromised and that some or all of the stakeholders will be disappointed. - ANSWER - increased - performance _____ _____ are high level principles. - ANSWER Best practices What 3 topics are the Best Practices organized into? - ANSWER - procurement - contracting - execution How many Best Practices are there? - ANSWER 10 What are the discrete ways to implement the Best Practices? - ANSWER Implementing Techniques The Implementing Techniques are essentially "____" best practices - ANSWER mini How many Implementing Techniques are there? - ANSWER 59 One key factor in project success is the Owner's choice of _____ _____ system and _____ approach. - ANSWER - project delivery - procurement The owner's choice of project delivery system and procurement approach established how the project is _____. - ANSWER executed The owner's choice of project delivery system and procurement approach determines how and when the project players_____ with each other. - ANSWER - communicate Owners should make strategic decisions to take full advantage of _____ _____. - ANSWER Design-Build Owners should consider the _____ and _____ of each project. - ANSWER - particulars - circumstances Best Practice No. 1: an Owner should conduct proactive and _____ assessment of the unique ____ of its project and its organization before deciding to use DB. - ANSWER - objective - characteristics BEST PRACTICE No. 2: an Owner should implement a procurement plan that enhances _____ and other benefits of DB and is in _____ with the reasons that the Owner chose DB delivery system. - ANSWER - collaboration - harmony BEST PRACTICE No. 2: an Owner should implement a(n) _____ _____ that enhances collaboration and other benefits of DB and is in _____ with the reasons that the owner chose DB delivery system. - ANSWER - procurement plan - harmony BEST PRACTICE No. 3: an Owner using a competitive DB procurement that seeks price and technical proposals should establish clear evaluation and _____ processes - ANSWER selection What is the core of every DBIA certification course? - ANSWER Design-Build Done Right What are the 3 "fixes" to the trust issue? - ANSWER - picking the right DB team - giving flexibility, opportunity to succeed, and accountability - rewarding for superior performance What are the 3 synergistic elements? - ANSWER - source selection - contract incentives - requirements In the Acquisition Strategy, one should select the best combination of what 3 components? - ANSWER - project delivery system - procurement method - contracting approach Each project is unique so make informed _____. - ANSWER choices What best describes: "How team members are organized?" - ANSWER Project Delivery Systems What best describes "How team members are selected?" - ANSWER Procurement Method What best describes "How team members are paid?" - ANSWER Contracting Approach List 4 examples of procurement methods. - ANSWER - QBS - Best Value - Low Price - Sole source List 5 examples of contracting approach. - ANSWER - fixed price - GMP - Cost reimbursement - Target price - unit price In developing acquisition strategies, what are 4 factors to consider? - Owner's _____. - Unique project _____. - Owner ____ & ____. - _____ considerations. - ANSWER - Owner's objectives - unique project considerations - owner profile and personality - marketplace considerations in _____, the contractor's input is absent during the design process. - ANSWER DBB In DBB, the Owner has a "_____ of _____ relationship" with the A/E. - ANSWER Standard of Care Relationship In DBB, the Owner has a "_____ relationship" with the Contractor. - ANSWER Spearing Relationship What 2 methods of selection (procurement methods) does CMAR use? - ANSWER - QBS - Best Value Who provides the pre-construction services for CMAR? - ANSWER Contractor What kind of contracting approach is usually used in CMAR? - ANSWER Negotiated GMP What is special about the estimating process in CMAR? - ANSWER it is an open-book Which delivery methods have the chance to fast track the schedule? - ANSWER - DB - CMAR In CMAR, the construction cost is determined _____ the design is completed. - ANSWER before In CMAR, the Owner procures and manages designers and contractors under (one / two separate) contracts? - ANSWER two separate In CMAR, the _____ negotiates the full commercial deal. - ANSWER Owner In CMAR, what is the direct contractual relationship between the contractor and designer? - ANSWER There is no direct contractual relationship In CMAR, there is _____ public sector authority for its use. - ANSWER limited In _____, the owner contracts with one single entity for both design and construction. - ANSWER DB In which project delivery method do the designer and contractor have a direct contractual relationship? - ANSWER DB Which project delivery method has multiple organizational structures? - ANSWER DB In DB, How is the Design-Builder generally selected? - ANSWER QBS or Best Value Which delivery methods generally uses the selection process of QBS and Best Value? - ANSWER - DB - CMAR Which delivery method has a wide spectrum of contracting approaches? - ANSWER DB The DB system has a(n) _____ _____ of responsibility. - ANSWER Single Point In DB, the Owner (does / does not) manage the designer. - ANSWER Does NOT What creates innovation potential in DB? - ANSWER Collaboration between the Owner, Contractor, and Designer Which delivery method gives early knowledge of the project cost? - ANSWER DB In DB, the Owner's exposure to _____ is significantly reduced. - ANSWER claims What is the Single Point of Responsibility Risk? - ANSWER one of the main concerns for practitioners using DB What does EPC stand for? - ANSWER Engineer - Procure - Construct _____ is a delivery system that is for ALL practical purposes DB - ANSWER EPC EPC is a term used by _____ and _____ generation sectors. - ANSWER - industrial - power In EPC, systems and performance testing are central to _____. - ANSWER scope The EPC contractor will typically perform engineering with its _____ _____. - ANSWER in-house staff In EPC, the Owner has need for _____ _____ of responsibility. - ANSWER Single Point In EPC, contracts include plant and process _____ guarantees. - ANSWER performance What 2 main things do EPC contract terms include? - ANSWER - liquidated damages - limitations of liability "Owner has the ability to schedule and coordinate the work" best describes what delivery method? - ANSWER Multiple Prime Contracting In Multiple Prime Contracting, the Owner contracts with multiple _____ _____. - ANSWER trade contractors. What does the Multi-party agreement essentially mean? - ANSWER all parties are equal What contract approach does IPD tend to use? - ANSWER Target Price What procurement method is typically used in IPD? - ANSWER QBS What is the key to IPD? - ANSWER Owner's ability to accept risk P3 is typically used in what delivery system? - ANSWER DB The 2 main responsibilities of the owner under ALL delivery systems: Executing ______; and Executing actual _____ _____. - ANSWER - procurement - project delivery Owner's often retain ___ _____ assistance. - ANSWER 3rd party What is one characteristic of the scope in 3rd party assistance? - ANSWER The scope of services varies widely Using a 3rd party professional does NOT constitute a new _____ _____. - ANSWER delivery system Delivery systems alone, do not predict _____ - ANSWER success Owners drive project success by strategically selecting strategies that promote team _____ and group _____. - ANSWER - integration - cohesion What are 3 strategies to maximize integration and group cohesion? - ANSWER - open- book in cost - early involvement in design process - qualification based selection In DB, the majority of responsibility for completeness, accuracy, and integration of design and construction processes is transferred to the _____ - ANSWER Design- Builder. DB is a mindset defined by the _____ of everyone involved in the project. - ANSWER attitude Success in DB requires the team to think and act as a _____ _____. - ANSWER single entity - 100% in DBB, the _____ is responsible for success or failure of details of the design and _____ the sufficiency of design to the _____. - ANSWER - Owner - warrants - Contractor Owner is liable to contractor for any _____ between plans and specs and Owner's requirements for project performance. - ANSWER gaps In DBB, what is the level of completion at the point of contract. - ANSWER 100% Owner should define its performance requirements and award contract on basis of _____ ______. - ANSWER preliminary design Who is responsible for completing design in accordance with the Owner's performance requirements? - ANSWER Design-builder Who warrants the sufficiency of design to meet the Owner's criteria? - ANSWER Design-builder The purpose of the completed plans and specs is to enable the _____ to build the project. - ANSWER Design-builder in DB, what level of completion is the preliminary design at point of contract? - ANSWER less than 100% prescriptive specifications are provided by the _____. - ANSWER Design-builder (Uniformat / Masterformat) subdivides project by functional elements. - ANSWER Uniformat (Uniformat / Masterformat) subdivides by work results/trades - ANSWER Masterformat (Uniformat / Masterformat) focuses on systems and assemblies - ANSWER Uniformat (Uniformat / Masterformat) focuses on building materials, products, and activities. - ANSWER Masterformat (Uniformat / Masterformat) aligns BIM models and conceptual estimating. - ANSWER Uniformat (Uniformat / Masterformat) Useful for detailed information during final design and construction phases. - ANSWER Masterformat What are the 3 types of requirements? - ANSWER - Functional - Performance - Prescriptive _____ requirements are a specific business need or behavior as seen by an external user of the system. - ANSWER Functional Functional requirements are a specific business need or behavior as seen by a(n) _____ user of the system. - ANSWER external _____ Requirements describe what product components must achieve with a measurement metric. - ANSWER Performance ______ Requirements describe in terms of exactly how the product and its components must be built - ANSWER Prescriptive ______ Requirements are considered the Top level requirements or mandates. - ANSWER Functional _____ Requirements describe what functions the end product must accommodate. - ANSWER Functional ______ Requirements example "Build an office building on my existing lot to provide office space for 1000 workers" - ANSWER Functional ______ Requirements have challenges in developing objective and definable standards to validate performance. - ANSWER Performance Performance Requirements have challenges in developing objective and _____ _____ to validate performance. - ANSWER definable standards _____ Requirements have challenges with tendency to drift to prescriptive specs. - ANSWER Performance _____ Requirements example "Provide durable, paintable interior walls between the offices with STC 35 (min)." - ANSWER Performance _____ Requirements are often involved with interior construction. - ANSWER Performance _____ Requirements example "Uniformat C10" - ANSWER Performance One main challenge of _____ Requirements is the language being used. - ANSWER Performance _______ Requirements is known as the "cookbook" approach. - ANSWER Prescriptive The Prescriptive Requirements are typically included due to the Owner lacking _____. - ANSWER trust ______ Requirements are developed by the Design-builder, but used by Owners in RFP/Bridging documents. - ANSWER Prescriptive _____ Requirements example "Install gypsum wallboard on 3-5/8" metal studs at 16" O.C. with XX accoustical insulation per YY standards." - ANSWER Prescriptive One drawback of _____ Requirements is key concepts determined without involvement of the DB team. - ANSWER Prescriptive a drawback of _____ Requirements is bridging detracts from Owner's ability to obtain a variety of solutions during procurement. - ANSWER Prescriptive Bridging takes considerable ____ and ____. - ANSWER time and expense. Bridging documents can transfer risk back to the _____. - ANSWER Owner _____ negates many of DB's benefits. - ANSWER Bridging what are the 5 phases in identifying owner requirements? - ANSWER - PHASE 1: Essential Function - PHASE 2: Performance Requirements - PHASE 3: Performance Criteria - PHASE 4: Performance Specifications - PHASE 5: Prescriptive Specifications Establishing design excellence is in the ____ of its _____. - ANSWER eyes of its beholder. Defining design excellence is key in the _____. - ANSWER RFP _____ procurement can range from strict rules to no rules at all. - ANSWER Private _____ procurement has constraints diminishing as DB becomes more popular and better understood. - ANSWER Public One Public sector DB challenge are Owners who do not value benefits of ____ or ____ ____. - ANSWER - QBS - Best Value