VERIFIED ANSWERS|UPDATED TO PASS|ALREADY
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Conventional concrete typically weighs ____________ ✔Correct answer-140pcf - 150pcf
BTU ✔Correct answer-British Thermal Unit - A quantity of heat. It is the amount of heat needed to
raise a pound of water 1°F. An MBH is 1,000 BTUs/hr.
Sensible Heat ✔Correct answer-"Dry Heat" - Heat added to the air without adding moisture. As
sensible heat increases the points on the psychrometric chart move to the right.
Latent Heat ✔Correct answer-The hidden heat added to the air by adding moisture (approx. 1,000
BTUs/lb of water). As latent heat increases the points on the psychrometric chart move up.
Enthalpy ✔Correct answer-(h) - is the total amount of thermal energy (sensible & latent) in the air.
It is measured in BTUs per lb of dry air.
Depreciable value is the purchase price less the __________ ✔Correct answer-Salvage Value
The difference between a current asset and a long term asset is ______________ ✔Correct
answer-Current assets can be liquidated within one year and long term assets cannot
Current Ratio ✔Correct answer-This accounting ratio is calculated by dividing the total current
assets by the total current liabilities
Working capital of a construction company increases when ✔Correct answer-A company sells
equipment or assets
When an owner decides to add additional work to the original scope, this is considered what type of
change? ✔Correct answer-Owner Directed Change Order
All of the following are steps that a construction company can follow in applying risk management
except one. ✔Correct answer-Avoid all risky situations.
Complete the risk statement...if a/an _______________ happens, then the steel material for the
project may cost more than the budget, which will impact the stele subcontractors, causing an
increase in the project cost. ✔Correct answer-Fluctuation in the steel price.
Which of the following best describes risk? ✔Correct answer-The potential event that results in an
outcome that is different than what's planned.
Typical steps associated with the risk management process are identify the risk, analyze the
identified risks, _____________, allocate risks contractually, and monitor and control risks
throughout the design and construction of a project. ✔Correct answer-Mitigate and plan to
address risks.
, Which of the following is not a risk identification tool and technique that construction managers use.
✔Correct answer-Value Engineering
Change Order ✔Correct answer-A written order to the contractor authorizing changes in work to
the signed original documents (not the bid documents)
An acceptance is ______________________________. ✔Correct answer-An unconditional
agreement with an offer
What is the constructive acceleration? ✔Correct answer-It is the forced completion of the contract
work in a shorter period than should have been allowed by the issuance of a warranted time
extension.
What is the cardinal rule of documentation and records? ✔Correct answer-Put it in writing.
Which one of the following is NOT an alternative dispute resolution method? ✔Correct answer-
Litigation
__________________ is a sum withheld from progress payments to the contractor in accordance
with the terms of
the contract ✔Correct answer-Retainage (retention)
Define progress curves. ✔Correct answer-A display of cumulative costs, labor hours, or other
quantities against time as s-curves.
From the following list, which tool does not help a project manager to control costs on a project?
✔Correct answer-Baseline schedules
If a project that is 40% complete has a cost variance of -$45,000, what does this mean? ✔Correct
answer-The project is currently $45,000 over-budget
In earned value, if a project has a BCWP equal to $5,000, what does the $5,000 represent?
✔Correct answer-The Earned Value of the Project
Which one of the following would a project manager not find the information needed to calculate
and plot the ACWP for an earned value analysis? ✔Correct answer-Three-week look ahead
schedule
Define earned value: ✔Correct answer-A project management methodology used to track project
performance and forecast future performance.
Your project budgets and schedules were updated. Using the chart below, which best describes the
status of the ✔Correct answer-Under budget relative to the amount of work accomplished.
Your project budgets and schedules were updated. Using the chart below, which best describes the
status of the project: ✔Correct answer-Ahead of schedule
A lower standard deviation indicates: ✔Correct answer-Less dispersion of the data.
_____________is used to statistically analyze if two quality control samples have a difference in
means. ✔Correct answer-t-test