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CM 4221 Midterm Quizzes questions and answers 2025.
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CM 4221 Midterm Quizzes questions and answers 2025.
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CM 4221 Midterm Quizzesquestions and answers 2025
How many CSI divisions does the post-2004 masterformat have? -
answer 50 Divisions
This testing process helps to reduce the risk that major project
systems (HVAC, electrical, etc) will work according to the project
objectives, plans, and specifications. - answer Commissioning
Which of the following is not a method used to procure a
constructor? - answer Job order contracting
A feasibility study is used early in the construction phase of a
project to help determine the means and methods of construction -
answer False
Vertical building projects are first designed by an architect and then
engineered by design engineers while horizontal infrastructure
projects are typically designed and engineered by design engineers
- answer True
Scoping and planning are two management activities that occur
during the engineering and design phase of a project lifecycle -
answer True
A program manager is the same as a project manager. - answer
False
One major advantage of multi-prime contracting is the ease in
phasing a project. - answer True
, Which of the following is NOT a disadvantage of Integrated Project
Delivery? - answer None of these
This procurement procedure utilizes cost and technical factors to
select a construction firm for a project. - answer Best Value
Retained earnings is defined as an inflow of assets, not necessarily
cash, in exchange of goods and services sold. - answer False
The quick ratio is calculated by adding all cash and receivables and
dividing that value by the total current liabilities for a company. -
answer True
For a company's annual balance sheet, the total amount of assets
must always equal the total amount of liabilities plus the total
amount of equity - answer True
A construction firm has just purchased a 3D printer for performing
small scale construction work on commercial projects. The initial
cost of the new asset is $150,000. The firm expects to use the 3D
printer for 12 years and expects to salvage the printer for $3,000 at
that time. What is the annual depreciation of the 3D printer? -
answer $12,250
Which of the following is considered a long-term debt? - answer
Construction loan
Which of the following contract terms does NOT influence a project's
cash flow? - answer None of these
Which of the following items is considered a cash inflow for a
construction company? - answer Borrow money
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