Exam (elaborations)
PCM STUDY QUESTIONS AND ANSWERS
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PCM STUDY QUESTIONS AND ANSWERS
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PCM - PRACTICE QUESTIONS AND ANSWERSWhat must an architect posses to pursue reciprocal licensure in another state? -
Answers-An NCARB certificate is sufficient and some states require additional testing
Why would an architect avoid the phrase "with the highest standards" in a contract? -
Answers-An architect's liability may increase or the professional work may be
uninsurable
How does public relations differ from marketing? - Answers-This kind of firm promotion
is not project-centric.
What are the five most important changes made to the 1909 American Institute of
Architect's Code of Ethics? - Answers--Compete for projects on the basis of fee
advertise, -Replace another architect on a project
-Engage in design-build projects
-Offer free design services to secure a commission
What is the purpose of an Employer Identification Number (EIN)? - Answers-It is
assigned by the Internal Revenue Service and is used for filing taxes and
communicating with the IRS.
What are the other names for professional liability insurance? - Answers-The terms
Malpractice Insurance and Errors and Omissions are often substituted
What are the implied duties of an architect? - Answers--Cooperating with contractors
-Assisting the owner in coordinating the work
-Not interfering with the contractor's work
-Giving relevant information to contractors
What are the four steps to make sure the firm's accounts receivable are being paid in a
timely manner? - Answers--Contract terms
-Timely billing
-Complete invoices
-Regular procedures for tracking accounts
If a firm pays an employee 50 dollars per hour and the net multiplier of that firm is 3,
what is the billing rate for that employee? - Answers-A billing rate of 150 dollars would
be determined by what combination of figures if the employee is paid 50 dollars per
hour.
What, if any, insurance is the owner obligated to have according to the AIA document
A201 General Conditions of the Contract for Construction? - Answers--Liability
Insurance
-Property Insurance
-Boiler and machinery insurance
, What are the three commonly used, viable defenses when an architect is sued for
liability and/or negligence? - Answers--Betterment
-Statute of limitations
-Statute of repose
The owner of an architecture firm might manage firm overhead by controlling what
specific consts? - Answers--Non-billable labor
-Non-labor direct expences
-Outsourced expenses
-Postage and delivery
-Local travel expenses
-Presentation materials
What does it imply if a firm is carrying a bill for longer than 90 days? - Answers-The firm
is effectively loaning money interest-free if this is happening
What is the main advantage of a studio office organization versus a departmental office
organization? - Answers-This form of firm organization provides the best opportunity for
group problem-solving.
What is an overhead rate? - Answers-This ratio of total office overhead to total direct
labor determines this measure of financial strength of an office.
What are the two types of accounting used in an architectural firm? - Answers-General
ledger and project cost are used for this purpose in an architecture firm.
Balance sheets are used to show what elements of the financial condition of a firm? -
Answers-These are summaries of all assets and liabilities in an office.
What is the accounting term for a bill to the firm for office supplies? - Answers-A liability
in this part of the firms accounting.
What does the net profit before tax include? - Answers-Total annual revenue minus
consultant fees and reimbursable expenses are part of this number.
What is the concept of privity? - Answers-As defined in the American Institute of
Architects document !201, General Conditions of the Contract for Construction this is
the term that holds architects harmless from claims by parties with whom they have no
direct contract.
What are the four levels of LEED certification? - Answers--Certified
-Silver
-Gold
-Platinum
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