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Professional practice MCQ

What is the main focus of duty-based ethics?

Being popular

Doing good

Following the law

Making a profit

Answer

Correct Answer: Doing good

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What does character-based ethics focus on?

Being bad, community-oriented

Being bad, individual

Being good, individual

Being good, community-oriented

Answer

Correct Answer: Being good, individual

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What is equity?

Liabilities

Net worth of the firm

Assets

Assets - liabilities

Answer

Correct Answer: Net worth of the firm

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What does the schedule of variances show?

If the project is in balance

The cost of construction

The amount of the project that is complete

What the architect tracks

Answer

Correct Answer: If the project is in balance

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What is liquidity?

The marketability of an asset.

The cash flow of an asset.

The ease with which an asset can be converted into cash.

The amount of cash on hand.

Answer

Correct Answer: The ease with which an asset can be converted into cash.

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What is the maximum number of days an aged account receivable report should be?

Answer

Correct Answer: 90

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What is the Utilization rate?

The amount of money spent on a product or resource.

The amount of time a product or resource is used.

The amount of product or resources used.

The percentage of time that a product or resource is in use.

Answer

Correct Answer: The percentage of time that a product or resource is in use.

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What is an itemized financial statement of the income and expenses of a company's operations?

Balance sheet

P&L statement

Income statement

Profit loss statement

Answer

Correct Answer: Profit loss statement

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What does net billing include?

Expenses

Neither architectural fees nor expenses

Just architectural fees

Both architectural fees and expenses

Answer

Correct Answer: Just architectural fees

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What does "net billing" mean?

Does not include expenses, just architectural fees

Includes all expenses

Includes some expenses

Only includes architectural fees

Answer

Correct Answer: Does not include expenses, just architectural fees

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What is the order of the following items?

After taxes, current earnings, profits

Profits, current earnings, after taxes

Current earnings, profits, after taxes

After taxes, profits, current earnings

Answer

Correct Answer: Current earnings, profits, after taxes

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What is the profit to earning ratio?

Net operating revenue / profit

Profit - net operating revenue

Net operating revenue - profit

Profit / net operating revenue

Answer

Correct Answer: Profit / net operating revenue

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What is net profit?

The amount of money left after taxes have been paid

The amount of money left after taxes and expenses have been paid

The amount of money made before taxes and expenses have been paid

The amount of money made before taxes and expenses are paid

Answer

Correct Answer: The amount of money left after taxes and expenses have been paid

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What is net operating revenue?

What comes in

What goes out

What goes out - what comes in

What comes in - what goes out

Answer

Correct Answer: What comes in - what goes out

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What does a cash based system do?

Make money from scratch

Track money as it goes in and out of an account

Keep track of how much money is in an account

Invest money to make a profit

Answer

Correct Answer: Track money as it goes in and out of an account

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What does cash based accounting track?

Money as it goes in and out of an account

Supplies

Inventory

Revenue

Answer

Correct Answer: Money as it goes in and out of an account

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What type of work do mechanics lean?

Technology

Construction

Law

Real-estate related

Answer

Correct Answer: Real-estate related

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What is accrual-based accounting?

Recording only revenues when the firm receives them.

Recording revenues and costs when they are incurred, not necessarily when a firm receives or pays out cash.

Recording revenues and costs when the firm receives or pays out cash.

Recording only costs when they are incurred.

Answer

Correct Answer: Recording revenues and costs when they are incurred, not necessarily when a firm receives or pays out cash.

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What is the purpose of retainage?

To pay the contractor

To fund the project

To cover unexpected costs

To encourage completion of the project

Answer

Correct Answer: To encourage completion of the project

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What is earned value?

Amount of interest

Total amount to be paid

Amount still owed

Amount paid so far

Answer

Correct Answer: Amount paid so far

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Which of the following is the correct formula for planned value?

Planned value = percent work done x planned value

Planned value = actual value - earned value

Planned value = planned value - earned value

Planned value = earned value - actual value

Answer

Correct Answer: Planned value = percent work done x planned value

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What is a B-Corp company?

A company that is owned by the government

A company that is privately owned

A company that prioritizes social and environmental performance

A company that is publicly traded on the stock exchange

Answer

Correct Answer: A company that prioritizes social and environmental performance

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What is an S Corp?

A legal entity that offers limited liability with single taxation.

C Corporation

Small business corporation

Limited liability company

Answer

Correct Answer: A legal entity that offers limited liability with single taxation.

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A limited liability company is a business organization in which:

The business - not the owner - is liable for the company's debts.

The company is only liable for a limited amount of money.

The company's owners are not liable for the company's debts.

The government limits the amount of taxes that the company has to pay.

Answer

Correct Answer: The business - not the owner - is liable for the company's debts.

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What is a C Corp?

A legal entity that offers limited liability

A legal entity that offers limited liability with double taxation.

A legal entity that offers limited liability with taxation.

A legal entity that offers double taxation

Answer

Correct Answer: A legal entity that offers limited liability with double taxation.

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What is a Strategic Alliance?

Two or more businesses combining forces to create a monopoly.

A business model where two businesses agree to be exclusive to one another.

A temporary, short-term partnership when pursuing a project.

A long-term partnership between two businesses.

Answer

Correct Answer: A temporary, short-term partnership when pursuing a project.

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What is a business in which two or more persons combine their assets and skills called?

Sole Proprietorship

Limited Liability Company

Corporation

Partnership

Answer

Correct Answer: Partnership

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What is a joint venture?

An agreement between two or more companies to share a business project

A company that is temporarily shut down

A company owned by two or more people

A company that is in trouble financially

Answer

Correct Answer: An agreement between two or more companies to share a business project

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The owner contracts with one entity to provide both design and construction services. This is an example of what contracting method?

Construction manager at risk

Design-bid-build

Management at risk

Design build

Answer

Correct Answer: Design build

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When is a construction manager brought onto a project?

Before completion of design

When the contractor is hired

After project is completed

When the architect is hired

Answer

Correct Answer: Before completion of design

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Which of the following is true about a Negotiated Select Team?

It results in a lower quality product.

It is cheaper than other types of DBB.

The contractor is brought on early, which allows fabrication to begin sooner.

The contractor is not brought on until later stages.

Answer

Correct Answer: The contractor is brought on early, which allows fabrication to begin sooner.

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Why is Design-Build-Bid more expensive?

Contractor is brought on early and allows fabrication to begin sooner

Better quality

Allows for more negotiation

More select team

Answer

Correct Answer: Contractor is brought on early and allows fabrication to begin sooner

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What is the Design Bid Build procurement method?

The owner has one contract with an architect and one with a contractor, but they are separate entities.

The owner has one contract with a contractor who then hires an architect.

The owner has one contract with an architect who then hires a contractor.

The owner has two separate contracts with an architect and contractor.

Answer

Correct Answer: The owner has two separate contracts with an architect and contractor.

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What is the profitability of a firm?

Revenue - costs

Revenue / costs

Costs - revenue

2 x revenue

Answer

Correct Answer: Revenue - costs

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What is the aggregate limit?

The maximum amount an insurer will pay for all covered losses during the covered policy period.

The minimum amount an insurer will pay for all covered losses during the covered policy period.

The maximum number of claims an insurer will cover during the policy period.

The maximum amount an insurer will pay for any one covered loss.

Answer

Correct Answer: The maximum amount an insurer will pay for all covered losses during the covered policy period.

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What is the overhead multiplier?

Overhead rate added to base salary

Overhead rate multiplied by base salary

Overhead rate minus base salary

Overhead rate divided by base salary

Answer

Correct Answer: Overhead rate divided by base salary

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What is the Net/Gross Ratio?

Net area / gross area

Net weight / gross weight

Net volume / gross volume

Net length / gross length

Answer

Correct Answer: Net area / gross area

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What is the third owner responsibility?

To schedule workers

To pay workers

To provide tools

Safety

Answer

Correct Answer: Safety

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What is the first responsibility of an architect?

Instruments of service

Being under budget

Design

Arriving on time

Answer

Correct Answer: Instruments of service

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What does a construction change directive do?

Provides funding for the change.

Authorizes a change in the work, the contract sum, or the contract time.

Defines work to be completed

Regulates change in the work

Answer

Correct Answer: Authorizes a change in the work, the contract sum, or the contract time.

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What does the term "allowance" mean in regards to construction projects?

A sum of money given to someone regularly, typically by a parent to a child, free of charge

Set aside money for appliances / things that will potentially change before the project is constructed

An amount of money that can be earned or spent in a particular period of time

Answer

Correct Answer: Set aside money for appliances / things that will potentially change before the project is constructed

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What is an addendum?

An amendment to a contract

Revisions to construction documents after issuance of the procurement documents but before owner-contractor contract signed

A postscript to a letter

A supplement to a will

Answer

Correct Answer: Revisions to construction documents after issuance of the procurement documents but before owner-contractor contract signed

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What is teamwork?

Group effort to achieve an individual goal.

Working against the goals of others

Cooperative effort by the members of a group to achieve a common goal.

Achieving a goal by oneself

Answer

Correct Answer: Cooperative effort by the members of a group to achieve a common goal.

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What is the average heart rate after climbing one flight of stairs?

140

120

160

Answer

Correct Answer: 140

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What is the normal heart rate?

100 beats per minute

80 beats per minute

60 beats per minute

120 beats per minute

Answer

Correct Answer: 80 beats per minute

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What is transfemoral amputation?

Amputation of a limb at the knee

Amputation of a limb at the elbow

Amputation of a limb at the ankle

Amputation of a limb at the hip

Answer

Correct Answer: Amputation of a limb at the knee

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What does errors and omissions insurance protect against?

Poor workmanship

Incomplete work

Inadequate supervision

Claims due to mistakes

Answer

Correct Answer: Claims due to mistakes

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What is the meaning of "consequestial damages"?

Provide compensation for indirect losses incurred by the injured party and directly related to the contract

Provide compensation for indirect losses incurred by the injured party but not directly related to the contract

Provide compensation for direct losses incurred by the injured party but not related to the contract

Provide compensation for direct losses incurred by the injuring party and directly related to the contract

Answer

Correct Answer: Provide compensation for indirect losses incurred by the injured party but not directly related to the contract

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What is liquidated damages?

A method of calculating damages for breach of contract

An amount specified in the contract for nonperformance

A way to avoid potential future disputes

A way to measure damages that cannot be specified in contract

Answer

Correct Answer: An amount specified in the contract for nonperformance

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What are nominal damages?

When the amount of damages cannot be determined with certainty

Awarded when the responsibility has been established but the injury is so slight as to be inconsequential

When the plaintiff has suffered some legally recognized injury

When the amount of damages is very small

Answer

Correct Answer: Awarded when the responsibility has been established but the injury is so slight as to be inconsequential

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What must the injured party prove to win a strict liability in tort case?

That the other party is liable

That the other party is at fault

That the other party is wealthy

That the injury was caused by the other party

Answer

Correct Answer: That the injury was caused by the other party

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What is the order of the design professionals from left to right?

Architects, structural engineers, building designers

Building designers, structural engineers, architects

Structural engineers, architects, building designers

Building designers, architects, structural engineers

Answer

Correct Answer: Architects, structural engineers, building designers

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What is the commonality between the three design professionals?

They are all design professionals.

They all work with buildings.

They all work with structural engineering.

They are all architects.

Answer

Correct Answer: They are all design professionals.

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What is the purpose of general damages?

To make up for the injury that was sustained

To act as a deterrent to future negligence

To punish the at-fault party

To ease the financial burden of the court case

Answer

Correct Answer: To make up for the injury that was sustained

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What are special damages?

Awarded for the direct financial loss due to the breach of contract

A formal agreement

A written contract

Something of value given in exchange for something else

Answer

Correct Answer: Awarded for the direct financial loss due to the breach of contract

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What is one of the requirements of a valid tort action?

Must have been criminal

Must have been intentional

Must have been on purpose

Must have been injury

Answer

Correct Answer: Must have been injury

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For a valid tort action, there must have been what?

A criminal offense

Injury

An act

A breach of contract

Answer

Correct Answer: Injury

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A crime is a wrong committed against _____.

The accused

The state

The victim

Society

Answer

Correct Answer: Society

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What is the difference between a civil tort and criminal lawsuit?

A crime is a wrong against society.

A criminal lawsuit is a wrong against society.

A criminal lawsuit is a wrong against an individual.

A civil tort is a wrong against an individual.

Answer

Correct Answer: A crime is a wrong against society.

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What is a tort?

A civil wrong committed by one person causing damage to another person's property

A civil wrong committed by one person.

A criminal wrong

A civil wrong committed by one person causing damage to another person or person's property.

Answer

Correct Answer: A civil wrong committed by one person causing damage to another person or person's property.

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What is required to prove fraud?

Showing beyond a reasonable doubt

Showing beyond a scintilla of evidence

Showing beyond a clear and convincing evidence

Showing beyond a preponderance of the evidence

Answer

Correct Answer: Showing beyond a reasonable doubt

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What is compensatory fraud?

Fraud that is committed by a government employee

Fraud for which damages are available

Fraud that is not intentional

Fraud that is impossible to detect

Answer

Correct Answer: Fraud for which damages are available

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When is misrepresentation a breach of contract?

When there is an acceptance.

When there is an offer.

When a will is involved.

When a contract is involved.

Answer

Correct Answer: When a contract is involved.

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What is the definition of "misrepresentation"?

A statement that is false but not intentionally so.

A statement that is false and relevant.

An intentionally false statement known to be false at the time it is made.

A statement that is true but not relevant.

Answer

Correct Answer: An intentionally false statement known to be false at the time it is made.

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What is a tort action?

A civil wrong for which damages may be recovered

An intentional wrong

A criminal wrong

A wrongful act

Answer

Correct Answer: A civil wrong for which damages may be recovered

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What is the definition of negligence?

The quality or state of being tardy or dilatory

A lack of vigor or determination

Action, willful or unwillful, taken without proper care or consideration for safety

Apathy or indifference to the minimization of risk to life

Answer

Correct Answer: Action, willful or unwillful, taken without proper care or consideration for safety

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What are punitive damages?

Awarded in addition to actual damages

Not available in all states

Awarded instead of actual damages

Not available in federal courts

Answer

Correct Answer: Awarded in addition to actual damages

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What does the phrase "specific performance" refer to in the context of a contract?

The act of fulfilling all the remaining provisions of a contract.

A clause in a contract that outlines what will happen if one party does not fulfill their obligations.

A type of insurance provision in a contract.

The act of causing damage to another party in a contract.

Answer

Correct Answer: The act of fulfilling all the remaining provisions of a contract.

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What is another term for the injured party?

Victim

Defendant

Offender

Plaintiff

Answer

Correct Answer: Victim

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What is an unintentional breach of contract?

Providing work or materials that are below the agreed upon standard.

Providing less than adequate quality of work or materials.

Not completing the work or project on time.

Not providing work or materials.

Answer

Correct Answer: Providing less than adequate quality of work or materials.

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What is a willful breach of contract?

A written contract that is not followed

A contract being signed by only one party

A breach of contract that is not intentional

A contractor walking off a construction job

Answer

Correct Answer: A contractor walking off a construction job

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What is the definition of "breach of contract"?

When both parties agree to terminate a contract.

When one of the parties violates the terms of a contract.

When one of the parties fails to satisfy all of its obligations under a contract.

When one of the parties satisfies all of its obligations under a contract.

Answer

Correct Answer: When one of the parties fails to satisfy all of its obligations under a contract.

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What is a construction lien?

A construction lien is a type of security interest.

A construction lien is a loan that is used to purchase land or property.

A construction lien is a legal claim on property that the owner owes to a contractor, subcontractor, or supplier.

A construction lien establishes the supplier's security interest in the property.

Answer

Correct Answer: A construction lien establishes the supplier's security interest in the property.

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What does a mechanic's lien establish?

The supplier's ownership of the property

The customer's security interest in the property

The customer's ownership of the property

The supplier's security interest in the property

Answer

Correct Answer: The supplier's security interest in the property

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How much does the architect and/or engineer get paid for their work on a construction project?

A percentage of the total cost of the project, paid at different milestones throughout the project.

A percentage of the total cost of the project upfront.

A percentage of the final total cost of the project.

A set amount of money regardless of the final cost of the project.

Answer

Correct Answer: A percentage of the final total cost of the project.

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What is the incentive fee structure based on?

Variable costs and fees

Overhead costs

Fixed costs and fees

Established target costs and fees

Answer

Correct Answer: Established target costs and fees

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What does the word "retainer" mean?

A person who owes allegiance to a lord and receives protection and land in return

Someone who takes care of another person's property while they are away

The minimum amount paid by the client, usually in total and in advance

A person who is hired to do a particular job

Answer

Correct Answer: The minimum amount paid by the client, usually in total and in advance

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What does "per diem fee" mean?

The engineer is paid a specific sum for each job, regardless of how many days it takes.

The engineer is paid a specific sum for each day spent on the job.

The engineer is paid a specific sum for each day spent on the job, plus expenses.

Answer

Correct Answer: The engineer is paid a specific sum for each day spent on the job.

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What is the advantage of cost plus fixed fee?

When the cost of the project is low

When the scope of services cannot be determined accurately in advance

When the risk is low

When the client is unwilling to pay more

Answer

Correct Answer: When the scope of services cannot be determined accurately in advance

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What does the clinet pay the engineer in a cost plus fixed fee contract?

Predetermined fee

All costs and a predetermined fee

All costs

No fee

Answer

Correct Answer: All costs and a predetermined fee

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What is the best payment method for when required materials can be accurately identified and estimated before the contract is finalized?

Time and material

Cost plus

Unit price

Lump sum

Answer

Correct Answer: Unit price

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What are contract fees based on?

Unit price

Estimated quantities

Estimated quantities and unit pricing

Unit pricing

Answer

Correct Answer: Estimated quantities and unit pricing

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What is unit pricing based on?

Set pricing

Contract fees

Estimated quantities

Unit prices

Answer

Correct Answer: Estimated quantities

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A construction manager is an agent of the owner-developer that ____________

Constructs the building

Designs the building

Develops the building

Manages the construction

Answer

Correct Answer: Manages the construction

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What does "E&O" stand for?

Economic and Operations

Event and Operations

Energy and Oil

Errors and Omissions

Answer

Correct Answer: Errors and Omissions

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What is the responsibility of the prime contractors?

Only liable for indirect damage suffered by the owner

Not responsible for any damage suffered by the owner

Responsible for all acts of the subcontractors

Only liable for direct damage suffered by the owner

Answer

Correct Answer: Responsible for all acts of the subcontractors

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What is the term for the contractor who hires all of the different subcontractors?

Prime contractor or prime

Foreman

Carpenter

Subcontractor

Answer

Correct Answer: Prime contractor or prime

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What is a general contractor?

The person who supervises a construction project

Someone who cleans up construction sites

A type of wood used in construction

A person who the entire construction project is awarded to

Answer

Correct Answer: A person who the entire construction project is awarded to

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What does an engineer do?

Oversees construction projects

Performs stress and capacity calculations

Designs bridges

Manages a team of engineers

Answer

Correct Answer: Performs stress and capacity calculations

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What is the main role of a building designer?

To manage construction projects

To develope design on simple small projects

To oversee the construction process

To design large buildings

Answer

Correct Answer: To develope design on simple small projects

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What does an architect do?

Design the project according to established codes and guidelines

Engineer the project

Build the project

Project manager

Answer

Correct Answer: Design the project according to established codes and guidelines

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What is an owner-developer?

When the owner and developer are different people

When the owner develops the property

When the developer develops the property

When the owner and developer are the same person

Answer

Correct Answer: When the owner and developer are the same person

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Who does a developer contract with for the design of the project?

Renter

Manufacturer

Broker

Architect and/or engineer

Answer

Correct Answer: Architect and/or engineer

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What is the meaning of "subcontract"?

A third party cannot be used in the performance of a contract.

Subcontracting is not allowed in some states.

When a party to a contract engages a third party to perform the work in the original contract.

The original contract is void if a third party is used.

Answer

Correct Answer: When a party to a contract engages a third party to perform the work in the original contract.

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What are boilerplate clauses?

Clauses that can be changed depending on the situation.

Clauses that are always negotiable.

Clauses that are not important.

Clauses that have specific wordings that should not normally be changed.

Answer

Correct Answer: Clauses that have specific wordings that should not normally be changed.

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What is fiduciary responsibility?

The agent must be powerful

The agent must be wealthy

The agent must be honest and loyal

The agent must be connected

Answer

Correct Answer: The agent must be honest and loyal

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What does the word "agent" mean?

A natural force that produces a result

A person who buys or sells things for others

A person who is sent to do something

The one providing services and acts on behalf of the principal

Answer

Correct Answer: The one providing services and acts on behalf of the principal

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What is the meaning of the word "principal"?

The owner/person who has authority

The person who is in charge of a school

The main part of something

A rule or belief that is a fundamental part of a system of thought

Answer

Correct Answer: The owner/person who has authority

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What type of document is a contract?

A document that outlines the timeline and budget for a construction project

An agreement between two or more parties to do or not do something

A legal document that outlines the duties and responsibilities of each party in a construction project

A document outlining the location of a construction project

Answer

Correct Answer: An agreement between two or more parties to do or not do something

Note: This Question is unanswered, help us to find answer for this one

What type of contracts must be in writing to be enforceable according to the statute of frauds?

All contracts

Contract for the sale of goods worth more than $500

Contract for the sale of services

Contract that cannot be completed within one year

Answer

Correct Answer: All contracts

Note: This Question is unanswered, help us to find answer for this one

What is a contract?

Agreement

Verbal agreement

Promise

Legally binding agreement or promise to exchange goods or services

Answer

Correct Answer: Legally binding agreement or promise to exchange goods or services

Note: This Question is unanswered, help us to find answer for this one

More Architectural Engineering Subjects

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Architectural design

Art and design

Building construction

Building Materials and Construction

Built environment and space culture

Climatology

Communications and HVAC

Computer and technology

Computer Programming and Numerical Analysis

Drawing communication

Electrical Systems for Buildings

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Environmental Control Systems

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History of architecture

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