CMGT 3500 EXAM 1 QUESTIONS
AND ANSWERS
In a strong economy, a larger percentage of total construction expenditures will be
devoted to new construction - ANSWER-True
The construction industry represents the largest single production activity in the
American economy - ANSWER-True
The construction industry differs from manufacturing industry in what way: -
ANSWER-Construction projects are relatively complex and are completed by efforts
of many
Construction is considered an "easy in / easy out" industry. Which is NOT
considered a reason for this? - ANSWER-High capitol requirements
During periods of recession, one of the first activities to stimulate the economy is
through the expansion of publicly financed construction - ANSWER-True
Construction workers are limited by: - ANSWER-A & B / Limited employment
opportunities during certain time periods, working in a variety of construction
locations
Construction industry is an economic barometer of the country, especially in
commercial starts - ANSWER-False
A major concern of the construction industry is - ANSWER-Aging of construction
workers / Inability to attach new workers (A & B)
The general contract approach is often referred to as design-build - ANSWER-False
The general contract approach is an advantage to the owner because it shortens the
overall project duration - ANSWER-False
A self performance method of contracting requires the Owner to hire a contractor
who self performs all the work - ANSWER-False
In design-build contracting, the contractor has limited construction input on the
design - ANSWER-False
Design-Build Construction has a variety of construction components. Identify the
component that is NOT used - ANSWER-Because of the Design-Build firms
expertise, the project should be completed with a lesser degree of constructibility
The CM Agent method of contracting places the CM responsible for the means and
methods of construction and guarantees the construction cost, time, and quality of
the project - ANSWER-False
AND ANSWERS
In a strong economy, a larger percentage of total construction expenditures will be
devoted to new construction - ANSWER-True
The construction industry represents the largest single production activity in the
American economy - ANSWER-True
The construction industry differs from manufacturing industry in what way: -
ANSWER-Construction projects are relatively complex and are completed by efforts
of many
Construction is considered an "easy in / easy out" industry. Which is NOT
considered a reason for this? - ANSWER-High capitol requirements
During periods of recession, one of the first activities to stimulate the economy is
through the expansion of publicly financed construction - ANSWER-True
Construction workers are limited by: - ANSWER-A & B / Limited employment
opportunities during certain time periods, working in a variety of construction
locations
Construction industry is an economic barometer of the country, especially in
commercial starts - ANSWER-False
A major concern of the construction industry is - ANSWER-Aging of construction
workers / Inability to attach new workers (A & B)
The general contract approach is often referred to as design-build - ANSWER-False
The general contract approach is an advantage to the owner because it shortens the
overall project duration - ANSWER-False
A self performance method of contracting requires the Owner to hire a contractor
who self performs all the work - ANSWER-False
In design-build contracting, the contractor has limited construction input on the
design - ANSWER-False
Design-Build Construction has a variety of construction components. Identify the
component that is NOT used - ANSWER-Because of the Design-Build firms
expertise, the project should be completed with a lesser degree of constructibility
The CM Agent method of contracting places the CM responsible for the means and
methods of construction and guarantees the construction cost, time, and quality of
the project - ANSWER-False
