Professional practice MCQ
1. What is the main focus of duty-based ethics?
Answer
Correct Answer:
Doing good
Note: This Question is unanswered, help us to find answer for this one
2. What does character-based ethics focus on?
Answer
Correct Answer:
Being good, individual
Note: This Question is unanswered, help us to find answer for this one
3. What is equity?
Answer
Correct Answer:
Net worth of the firm
Note: This Question is unanswered, help us to find answer for this one
4. What does the schedule of variances show?
Answer
Correct Answer:
If the project is in balance
Note: This Question is unanswered, help us to find answer for this one
5. What is liquidity?
Answer
Correct Answer:
The ease with which an asset can be converted into cash.
Note: This Question is unanswered, help us to find answer for this one
6. What is the maximum number of days an aged account receivable report should be?
Note: This Question is unanswered, help us to find answer for this one
7. What is the Utilization rate?
Answer
Correct Answer:
The percentage of time that a product or resource is in use.
Note: This Question is unanswered, help us to find answer for this one
8. What is an itemized financial statement of the income and expenses of a company's operations?
Answer
Correct Answer:
Profit loss statement
Note: This Question is unanswered, help us to find answer for this one
9. What does net billing include?
Answer
Correct Answer:
Just architectural fees
Note: This Question is unanswered, help us to find answer for this one
10. What does "net billing" mean?
Answer
Correct Answer:
Does not include expenses, just architectural fees
Note: This Question is unanswered, help us to find answer for this one
11. What is the order of the following items?
Answer
Correct Answer:
Current earnings, profits, after taxes
Note: This Question is unanswered, help us to find answer for this one
12. What is the profit to earning ratio?
Answer
Correct Answer:
Profit / net operating revenue
Note: This Question is unanswered, help us to find answer for this one
13. What is net profit?
Answer
Correct Answer:
The amount of money left after taxes and expenses have been paid
Note: This Question is unanswered, help us to find answer for this one
14. What is net operating revenue?
Answer
Correct Answer:
What comes in - what goes out
Note: This Question is unanswered, help us to find answer for this one
15. What does a cash based system do?
Answer
Correct Answer:
Track money as it goes in and out of an account
Note: This Question is unanswered, help us to find answer for this one
16. What does cash based accounting track?
Answer
Correct Answer:
Money as it goes in and out of an account
Note: This Question is unanswered, help us to find answer for this one
17. What type of work do mechanics lean?
Answer
Correct Answer:
Real-estate related
Note: This Question is unanswered, help us to find answer for this one
18. What is accrual-based accounting?
Answer
Correct Answer:
Recording revenues and costs when they are incurred, not necessarily when a firm receives or pays out cash.
Note: This Question is unanswered, help us to find answer for this one
19. What is the purpose of retainage?
Answer
Correct Answer:
To encourage completion of the project
Note: This Question is unanswered, help us to find answer for this one
20. What is earned value?
Answer
Correct Answer:
Amount paid so far
Note: This Question is unanswered, help us to find answer for this one
21. Which of the following is the correct formula for planned value?
Answer
Correct Answer:
Planned value = percent work done x planned value
Note: This Question is unanswered, help us to find answer for this one
22. What is a B-Corp company?
Answer
Correct Answer:
A company that prioritizes social and environmental performance
Note: This Question is unanswered, help us to find answer for this one
23. What is an S Corp?
Answer
Correct Answer:
A legal entity that offers limited liability with single taxation.
Note: This Question is unanswered, help us to find answer for this one
24. A limited liability company is a business organization in which:
Answer
Correct Answer:
The business - not the owner - is liable for the company's debts.
Note: This Question is unanswered, help us to find answer for this one
25. What is a C Corp?
Answer
Correct Answer:
A legal entity that offers limited liability with double taxation.
Note: This Question is unanswered, help us to find answer for this one
26. What is a Strategic Alliance?
Answer
Correct Answer:
A temporary, short-term partnership when pursuing a project.
Note: This Question is unanswered, help us to find answer for this one
27. What is a business in which two or more persons combine their assets and skills called?
Answer
Correct Answer:
Partnership
Note: This Question is unanswered, help us to find answer for this one
28. What is a joint venture?
Answer
Correct Answer:
An agreement between two or more companies to share a business project
Note: This Question is unanswered, help us to find answer for this one
29. The owner contracts with one entity to provide both design and construction services. This is an example of what contracting method?
Answer
Correct Answer:
Design build
Note: This Question is unanswered, help us to find answer for this one
30. When is a construction manager brought onto a project?
Answer
Correct Answer:
Before completion of design
Note: This Question is unanswered, help us to find answer for this one
31. Which of the following is true about a Negotiated Select Team?
Answer
Correct Answer:
The contractor is brought on early, which allows fabrication to begin sooner.
Note: This Question is unanswered, help us to find answer for this one
32. Why is Design-Build-Bid more expensive?
Answer
Correct Answer:
Contractor is brought on early and allows fabrication to begin sooner
Note: This Question is unanswered, help us to find answer for this one
33. What is the Design Bid Build procurement method?
Answer
Correct Answer:
The owner has two separate contracts with an architect and contractor.
Note: This Question is unanswered, help us to find answer for this one
34. What is the profitability of a firm?
Answer
Correct Answer:
Revenue - costs
Note: This Question is unanswered, help us to find answer for this one
35. What is the aggregate limit?
Answer
Correct Answer:
The maximum amount an insurer will pay for all covered losses during the covered policy period.
Note: This Question is unanswered, help us to find answer for this one
36. What is the overhead multiplier?
Answer
Correct Answer:
Overhead rate divided by base salary
Note: This Question is unanswered, help us to find answer for this one
37. What is the Net/Gross Ratio?
Answer
Correct Answer:
Net area / gross area
Note: This Question is unanswered, help us to find answer for this one
38. What is the third owner responsibility?
Note: This Question is unanswered, help us to find answer for this one
39. What is the first responsibility of an architect?
Answer
Correct Answer:
Instruments of service
Note: This Question is unanswered, help us to find answer for this one
40. What does a construction change directive do?
Answer
Correct Answer:
Authorizes a change in the work, the contract sum, or the contract time.
Note: This Question is unanswered, help us to find answer for this one
41. What does the term "allowance" mean in regards to construction projects?
Answer
Correct Answer:
Set aside money for appliances / things that will potentially change before the project is constructed
Note: This Question is unanswered, help us to find answer for this one
42. What is an addendum?
Answer
Correct Answer:
Revisions to construction documents after issuance of the procurement documents but before owner-contractor contract signed
Note: This Question is unanswered, help us to find answer for this one
43. What is teamwork?
Answer
Correct Answer:
Cooperative effort by the members of a group to achieve a common goal.
Note: This Question is unanswered, help us to find answer for this one
44. What is the average heart rate after climbing one flight of stairs?
Note: This Question is unanswered, help us to find answer for this one
45. What is the normal heart rate?
Answer
Correct Answer:
80 beats per minute
Note: This Question is unanswered, help us to find answer for this one
46. What is transfemoral amputation?
Answer
Correct Answer:
Amputation of a limb at the knee
Note: This Question is unanswered, help us to find answer for this one
47. What does errors and omissions insurance protect against?
Answer
Correct Answer:
Claims due to mistakes
Note: This Question is unanswered, help us to find answer for this one
48. What is the meaning of "consequestial damages"?
Answer
Correct Answer:
Provide compensation for indirect losses incurred by the injured party but not directly related to the contract
Note: This Question is unanswered, help us to find answer for this one
49. What is liquidated damages?
Answer
Correct Answer:
An amount specified in the contract for nonperformance
Note: This Question is unanswered, help us to find answer for this one
50. What are nominal damages?
Answer
Correct Answer:
Awarded when the responsibility has been established but the injury is so slight as to be inconsequential
Note: This Question is unanswered, help us to find answer for this one
51. What must the injured party prove to win a strict liability in tort case?
Answer
Correct Answer:
That the injury was caused by the other party
Note: This Question is unanswered, help us to find answer for this one
52. What is the order of the design professionals from left to right?
Answer
Correct Answer:
Architects, structural engineers, building designers
Note: This Question is unanswered, help us to find answer for this one
53. What is the commonality between the three design professionals?
Answer
Correct Answer:
They are all design professionals.
Note: This Question is unanswered, help us to find answer for this one
54. What is the purpose of general damages?
Answer
Correct Answer:
To make up for the injury that was sustained
Note: This Question is unanswered, help us to find answer for this one
55. What are special damages?
Answer
Correct Answer:
Awarded for the direct financial loss due to the breach of contract
Note: This Question is unanswered, help us to find answer for this one
56. What is one of the requirements of a valid tort action?
Answer
Correct Answer:
Must have been injury
Note: This Question is unanswered, help us to find answer for this one
57. For a valid tort action, there must have been what?
Note: This Question is unanswered, help us to find answer for this one
58. A crime is a wrong committed against _____.
Note: This Question is unanswered, help us to find answer for this one
59. What is the difference between a civil tort and criminal lawsuit?
Answer
Correct Answer:
A crime is a wrong against society.
Note: This Question is unanswered, help us to find answer for this one
60. What is a tort?
Answer
Correct Answer:
A civil wrong committed by one person causing damage to another person or person's property.
Note: This Question is unanswered, help us to find answer for this one
61. What is required to prove fraud?
Answer
Correct Answer:
Showing beyond a reasonable doubt
Note: This Question is unanswered, help us to find answer for this one
62. What is compensatory fraud?
Answer
Correct Answer:
Fraud for which damages are available
Note: This Question is unanswered, help us to find answer for this one
63. When is misrepresentation a breach of contract?
Answer
Correct Answer:
When a contract is involved.
Note: This Question is unanswered, help us to find answer for this one
64. What is the definition of "misrepresentation"?
Answer
Correct Answer:
An intentionally false statement known to be false at the time it is made.
Note: This Question is unanswered, help us to find answer for this one
65. What is a tort action?
Answer
Correct Answer:
A civil wrong for which damages may be recovered
Note: This Question is unanswered, help us to find answer for this one
66. What is the definition of negligence?
Answer
Correct Answer:
Action, willful or unwillful, taken without proper care or consideration for safety
Note: This Question is unanswered, help us to find answer for this one
67. What are punitive damages?
Answer
Correct Answer:
Awarded in addition to actual damages
Note: This Question is unanswered, help us to find answer for this one
68. What does the phrase "specific performance" refer to in the context of a contract?
Answer
Correct Answer:
The act of fulfilling all the remaining provisions of a contract.
Note: This Question is unanswered, help us to find answer for this one
69. What is another term for the injured party?
Note: This Question is unanswered, help us to find answer for this one
70. What is an unintentional breach of contract?
Answer
Correct Answer:
Providing less than adequate quality of work or materials.
Note: This Question is unanswered, help us to find answer for this one
71. What is a willful breach of contract?
Answer
Correct Answer:
A contractor walking off a construction job
Note: This Question is unanswered, help us to find answer for this one
72. What is the definition of "breach of contract"?
Answer
Correct Answer:
When one of the parties fails to satisfy all of its obligations under a contract.
Note: This Question is unanswered, help us to find answer for this one
73. What is a construction lien?
Answer
Correct Answer:
A construction lien establishes the supplier's security interest in the property.
Note: This Question is unanswered, help us to find answer for this one
74. What does a mechanic's lien establish?
Answer
Correct Answer:
The supplier's security interest in the property
Note: This Question is unanswered, help us to find answer for this one
75. How much does the architect and/or engineer get paid for their work on a construction project?
Answer
Correct Answer:
A percentage of the final total cost of the project.
Note: This Question is unanswered, help us to find answer for this one
76. What is the incentive fee structure based on?
Answer
Correct Answer:
Established target costs and fees
Note: This Question is unanswered, help us to find answer for this one
77. What does the word "retainer" mean?
Answer
Correct Answer:
The minimum amount paid by the client, usually in total and in advance
Note: This Question is unanswered, help us to find answer for this one
78. What does "per diem fee" mean?
Answer
Correct Answer:
The engineer is paid a specific sum for each day spent on the job.
Note: This Question is unanswered, help us to find answer for this one
79. What is the advantage of cost plus fixed fee?
Answer
Correct Answer:
When the scope of services cannot be determined accurately in advance
Note: This Question is unanswered, help us to find answer for this one
80. What does the clinet pay the engineer in a cost plus fixed fee contract?
Answer
Correct Answer:
All costs and a predetermined fee
Note: This Question is unanswered, help us to find answer for this one
81. What is the best payment method for when required materials can be accurately identified and estimated before the contract is finalized?
Answer
Correct Answer:
Unit price
Note: This Question is unanswered, help us to find answer for this one
82. What are contract fees based on?
Answer
Correct Answer:
Estimated quantities and unit pricing
Note: This Question is unanswered, help us to find answer for this one
83. What is unit pricing based on?
Answer
Correct Answer:
Estimated quantities
Note: This Question is unanswered, help us to find answer for this one
84. A construction manager is an agent of the owner-developer that ____________
Answer
Correct Answer:
Manages the construction
Note: This Question is unanswered, help us to find answer for this one
85. What does "E&O" stand for?
Answer
Correct Answer:
Errors and Omissions
Note: This Question is unanswered, help us to find answer for this one
86. What is the responsibility of the prime contractors?
Answer
Correct Answer:
Responsible for all acts of the subcontractors
Note: This Question is unanswered, help us to find answer for this one
87. What is the term for the contractor who hires all of the different subcontractors?
Answer
Correct Answer:
Prime contractor or prime
Note: This Question is unanswered, help us to find answer for this one
88. What is a general contractor?
Answer
Correct Answer:
A person who the entire construction project is awarded to
Note: This Question is unanswered, help us to find answer for this one
89. What does an engineer do?
Answer
Correct Answer:
Performs stress and capacity calculations
Note: This Question is unanswered, help us to find answer for this one
90. What is the main role of a building designer?
Answer
Correct Answer:
To develope design on simple small projects
Note: This Question is unanswered, help us to find answer for this one
91. What does an architect do?
Answer
Correct Answer:
Design the project according to established codes and guidelines
Note: This Question is unanswered, help us to find answer for this one
92. What is an owner-developer?
Answer
Correct Answer:
When the owner and developer are the same person
Note: This Question is unanswered, help us to find answer for this one
93. Who does a developer contract with for the design of the project?
Answer
Correct Answer:
Architect and/or engineer
Note: This Question is unanswered, help us to find answer for this one
94. What is the meaning of "subcontract"?
Answer
Correct Answer:
When a party to a contract engages a third party to perform the work in the original contract.
Note: This Question is unanswered, help us to find answer for this one
95. What are boilerplate clauses?
Answer
Correct Answer:
Clauses that have specific wordings that should not normally be changed.
Note: This Question is unanswered, help us to find answer for this one
96. What is fiduciary responsibility?
Answer
Correct Answer:
The agent must be honest and loyal
Note: This Question is unanswered, help us to find answer for this one
97. What does the word "agent" mean?
Answer
Correct Answer:
The one providing services and acts on behalf of the principal
Note: This Question is unanswered, help us to find answer for this one
98. What is the meaning of the word "principal"?
Answer
Correct Answer:
The owner/person who has authority
Note: This Question is unanswered, help us to find answer for this one
99. What type of document is a contract?
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
100. What type of contracts must be in writing to be enforceable according to the statute of frauds?
Answer
Correct Answer:
All contracts
Note: This Question is unanswered, help us to find answer for this one
101. What is a contract?
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
Architectural Engineering MCQs | Topic-wise