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CM 4221 quizes 1-10 ( Questions with 100% Actual correct answers | verified | latest update | Graded A+ | Already Passed | Complete Solution £6.41   Add to cart
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CM 4221 quizes 1-10 ( Questions with 100% Actual correct answers | verified | latest update | Graded A+ | Already Passed | Complete Solution

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CM 4221 quizes 1-10 ( Questions with 100% Actual correct answers | verified | latest update | Graded A+ | Already Passed | Complete Solution

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  • June 26, 2024
  • 4
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

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CM 4221 quizes 1-10
organizing - ANS-Which management activity is where the project manager is tasked with
coordinating subcontractors, planning sequences of construction, and developing effective
communication?

False - ANS-T/F: Based on laws and regulations, privately financed projects must utilize
competitive bidding to procure a construction firm.

commissioning - ANS-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.

False - ANS-T/F: A feasibility study is used early in the construction phase of a project to help
determine the means and methods of construction

50 Divisions - ANS-How many CSI divisions does the post-2004 master format have?

True - ANS-T/F: Low bid is a procurement procedure used to select a contractor based solely on
total construction cost.

Best value - ANS-This procurement procedure utilizes cost and technical factors to select a
construction firm for a project.

False - ANS-T/F: An agency construction manager firm is contracted with the Owner, lead
designer, and construction firm on a project.

Design-Bid-Build - ANS-Which delivery method is the most used method in construction today?

True - ANS-T/F: one major advantage of multi-prime contracting is the ease in phasing a
project.

percent of completion - ANS-The only revenue recognition method acceptable for financial
statement use for construction companies is:

True - ANS-T/F: The quick ratio is calculated by adding all cash and receivables and dividing
that value by the total current liabilities for a company.

True - ANS-T/F: 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

Construction Loan - ANS-What is an example of a long term debt?

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