AIC CM senior exit exam questions &
answers 2024/2025
Current Ratio - ANSWERSCurrent Assets / Current Liabilities
Gross profit - ANSWERSRevenue - Direct Cost
Owner's equity (Net worth) - ANSWERSTotal Assets = Total Liabilities + Net Worth
Net profit: - ANSWERSGross Profit - Indirect Cost
Cost Index Estimate - ANSWERS(Known Cost)(Cost Index for Estimated Cost) / (Cost Index for Known
Cost)
Work Hours per Unit - ANSWERSCrew Work Hours Expended / Daily Output
Crew Work Hours Expended per Day - ANSWERSCrew Members × 8 hr/day
Units per Work Hour - ANSWERSDaily Output / Crew Work Hours Expended
Total Work Hours - ANSWERS(Work Hours per Unit) × (Planned Quantities)
Total Number of Crew Days - ANSWERSPlanned Quantities / Daily Output
Quick Ratio - ANSWERS(Cash and Equivalents + Accounts Receivable) x Current Liabilities
Days Receivable - ANSWERS365 / (Revenue/Trade Receivables)
,Days Payable - ANSWERS365 / (Direct Cost/ Accounts Payable)
Working Capital - ANSWERSCurrent Assets - Current Liabilities
Fixed/Worth - ANSWERSNet Fixed Assets / Tangible Net Worth
Debt/Worth - ANSWERSTotal Liabilities / Tangible Net Worth
Return on Investment (ROI) - ANSWERSNet Profit before taxes / Tangible Net Worth
Return on Assets (ROA) - ANSWERSNet Profit before Taxes / Total Assets
In general, people remember
______% of what they read
a. 30%
b. 50%
c. 90%
d. 20% - ANSWERS20%
In general, people remember
_____% of what they see
a. 30%
b. 50%
c. 90%
d. 10% - ANSWERS30%
What percentage of a conversation does a listener remember of what they hear?
a. 30%
,b. 50%
c. 90%
d. 10% - ANSWERSd. 10%
In general, people remember
_____% of what they hear and see
a. 30%
b. 50%
c. 90%
d. 10% - ANSWERS50%
The speakers (senders) remember
____% of what they say
a. 30%
b. 50%
c. 70%
d. 10% - ANSWERS70%
What percentage of a conversation does a speaker remember of what they say and do?
a. 90%
b. 50%
c. 30%
d. 70% - ANSWERSa. 90%
When giving a presentation, one should do which of the following?
a. Keep the conversation short and on topic.
b. Present extra information beyond your primary goal to demonstrate your expertise.
, c. Speak as loudly as possible to ensure you can be heard.
d. Speak quickly to get in as much information as possible. - ANSWERSa. Keep the conversation short and
on topic
Which of the following should one do to effectively listen?
a. Keep your mobile phone volume up to not miss a phone call.
b. Avoid eye contact with the speaker.
c. Ask questions as you think of them so you don't forget to ask them later.
d. Listen objectively with the intent to understand the speaker's perspective - ANSWERSd. Listen
objectively with the intent to understand the speaker's objective
__________________ conversations are one of the most widely used distant forms of communication in
construction - ANSWERSTelephone
Which of the following statements is true about texting and a subcontractor change order?
a. Texting your subcontractor that a change order is coming later in the day is a good practice.
b. It is better to ask your subcontractor to text you an RFI before proceeding with the change order.
c. Texting contract amendments is a good practice as it saves time and saves the changes in the cloud.
d. It is a good practice to text authorization of a change order to your subcontractor as long as you are
sure they have a smart phone. - ANSWERSa. Texting your subcontractor that a change order is coming
later in the day is a good practice
____________________________ is widely used to clearly communicate and document the exchange of
information. - ANSWERSWritten Correspondence
_______________________ is a cover letter that accompanies other documents
-It identifies the content of the document or items being sent and records the sent date. -
ANSWERSLetter of Transmittal
answers 2024/2025
Current Ratio - ANSWERSCurrent Assets / Current Liabilities
Gross profit - ANSWERSRevenue - Direct Cost
Owner's equity (Net worth) - ANSWERSTotal Assets = Total Liabilities + Net Worth
Net profit: - ANSWERSGross Profit - Indirect Cost
Cost Index Estimate - ANSWERS(Known Cost)(Cost Index for Estimated Cost) / (Cost Index for Known
Cost)
Work Hours per Unit - ANSWERSCrew Work Hours Expended / Daily Output
Crew Work Hours Expended per Day - ANSWERSCrew Members × 8 hr/day
Units per Work Hour - ANSWERSDaily Output / Crew Work Hours Expended
Total Work Hours - ANSWERS(Work Hours per Unit) × (Planned Quantities)
Total Number of Crew Days - ANSWERSPlanned Quantities / Daily Output
Quick Ratio - ANSWERS(Cash and Equivalents + Accounts Receivable) x Current Liabilities
Days Receivable - ANSWERS365 / (Revenue/Trade Receivables)
,Days Payable - ANSWERS365 / (Direct Cost/ Accounts Payable)
Working Capital - ANSWERSCurrent Assets - Current Liabilities
Fixed/Worth - ANSWERSNet Fixed Assets / Tangible Net Worth
Debt/Worth - ANSWERSTotal Liabilities / Tangible Net Worth
Return on Investment (ROI) - ANSWERSNet Profit before taxes / Tangible Net Worth
Return on Assets (ROA) - ANSWERSNet Profit before Taxes / Total Assets
In general, people remember
______% of what they read
a. 30%
b. 50%
c. 90%
d. 20% - ANSWERS20%
In general, people remember
_____% of what they see
a. 30%
b. 50%
c. 90%
d. 10% - ANSWERS30%
What percentage of a conversation does a listener remember of what they hear?
a. 30%
,b. 50%
c. 90%
d. 10% - ANSWERSd. 10%
In general, people remember
_____% of what they hear and see
a. 30%
b. 50%
c. 90%
d. 10% - ANSWERS50%
The speakers (senders) remember
____% of what they say
a. 30%
b. 50%
c. 70%
d. 10% - ANSWERS70%
What percentage of a conversation does a speaker remember of what they say and do?
a. 90%
b. 50%
c. 30%
d. 70% - ANSWERSa. 90%
When giving a presentation, one should do which of the following?
a. Keep the conversation short and on topic.
b. Present extra information beyond your primary goal to demonstrate your expertise.
, c. Speak as loudly as possible to ensure you can be heard.
d. Speak quickly to get in as much information as possible. - ANSWERSa. Keep the conversation short and
on topic
Which of the following should one do to effectively listen?
a. Keep your mobile phone volume up to not miss a phone call.
b. Avoid eye contact with the speaker.
c. Ask questions as you think of them so you don't forget to ask them later.
d. Listen objectively with the intent to understand the speaker's perspective - ANSWERSd. Listen
objectively with the intent to understand the speaker's objective
__________________ conversations are one of the most widely used distant forms of communication in
construction - ANSWERSTelephone
Which of the following statements is true about texting and a subcontractor change order?
a. Texting your subcontractor that a change order is coming later in the day is a good practice.
b. It is better to ask your subcontractor to text you an RFI before proceeding with the change order.
c. Texting contract amendments is a good practice as it saves time and saves the changes in the cloud.
d. It is a good practice to text authorization of a change order to your subcontractor as long as you are
sure they have a smart phone. - ANSWERSa. Texting your subcontractor that a change order is coming
later in the day is a good practice
____________________________ is widely used to clearly communicate and document the exchange of
information. - ANSWERSWritten Correspondence
_______________________ is a cover letter that accompanies other documents
-It identifies the content of the document or items being sent and records the sent date. -
ANSWERSLetter of Transmittal
