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NCARB - Practice Management: Questions And Answers
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NCARB - Practice Management: Questions And Answers
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NCARB - Practice Management: Questions And AnswersBusiness Organization Right Ans - the legal structure of an architectural
firm
Office organization Right Ans - the way the firm organizes itself to
complete work
Ethical standards Right Ans - the accepted principles of correct
professional conduct
Human Resources Right Ans - The practices and legal responsibilities
pertaining to employing others
Business Development Right Ans - The use of marketing and public
relations to increase business
Sole proprietorship Right Ans - Business owned by one entity. Simple to set
up, risk is on the owner.
Limited Partnership Right Ans - Contains a general partner (runs day to
day business) and a limited partner (no say in management, only invest) Both
hold financial risks.
C corporation Right Ans - for large companies who have investors, this is
difficult to establish, although relieves owners/management of risk.
S corporation Right Ans - A small business corporation owned by no more
than 75 individuals; its profits are taxed at the individual level rather than the
corporate level
LLC (Limited Liability Company) Right Ans - Limited liability, pass through
income taxation, flexibility
LLP (Limited Liability Partnership) Right Ans - Risk is that liability is
limited individually.
Standard of Care Right Ans - The level of skill and diligence that a
reasonably prudent architect would exercise in the same community, in the
, same time frame, and given the same or similar facts and circumstances. DO
NOT INCREASE STANDARD OF CARE IN CONTRACT!
Support Staff Right Ans - Employees other than the professional staff and
senior management that carry on day to day, company work. HR, Receptionist,
Cleaners, etc.
AIA Code of Ethics Right Ans - General obligations, obligations to public,
obligations to the client, obligations to the professions, obligations to
colleagues, obligations to the environment.
moonlighting Right Ans - Doing additional work, on top of your full time
job.
none compete clause Right Ans - Doing similar work AFTER you've
terminated your job.
Compensation Right Ans - Means of payment made to employees for their
work... Extends to more than just their salary/hourly pay.
performance evaluation Right Ans - A formal review performed by a
manager to assess each employees performance
Architectural Experience Program (AXP) Right Ans - 3740 hours, 6
divisions made to give young professional experience across the board
quality control circle Right Ans - Small group of employees who meet
regularly amoung themselves and with management representatives to
identify and resove issues that affect their area of work.
National labor relations act (Wagner Act) Right Ans - allow private sector
employees to organize into trade unions. This protects employees from unfair
labor practices
Equal Pay Act Right Ans - Requires equal pay for employees who have the
same work duties, responsibilities, and experience
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