Question # 1 An agricultural corporation that paid 53% in income tax wanted to build a grain elevator designed to last twenty-five (25) years at a cost of $80,000 with no salvage value. Annual income generated would be $22,500 and annual expenditures were to be $12,000.
A. $31,875
B. $12,550
C. $29,600
D. $13,515
Click for Answer
D. $13,515
Question # 2 A _________contract allows the contractor to freely employ whatever methods and resources it chooses in order to complete the work. A. Guaranteed maximum price
B. Cost reimbursable/Fixed fee
C. Measured unit price
D. Lump-sum/Fixed price
Click for Answer
D. Lump-sum/Fixed price
Question # 3 A major theme park is expanding the existing facility over a five-year period. The design phase will be completed one year after the contract is awarded. Major engineering drawings will be finalized two years after the design contract is awarded and construction will begin three years after the award of the design contract. New, unique ride technology will be used and an estimate will need to be developed to identify these costs that have no historical data.
A. Need satisfaction
B. Belonging needs
C. Self-actualizations
D. Esteem
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C. Self-actualizations
Question # 4 A major theme park is expanding the existing facility over a five-year period. The design phase will be completed one year after the contract is awarded. Major engineering drawings will be finalized two years after the design contract is awarded and construction will begin three years after the award of thedesign contract. New, unique ride technology will be used and an estimate will need to be developed to identify these costs that have no historical data.
A. Ratio/level of effort
B. Start/finish
C. Units completed
D. Incremental milestone
Click for Answer
A. Ratio/level of effort
Question # 5 An agricultural corporation that paid 53% in income tax wanted to build a grain elevator designed to last twenty-five (25) years at a cost of $80,000 with no salvage value. Annual income generated would be $22,500 and annual expenditures were to be $12,000.
A. Construction cost, operating cost, maintenance cost
B. Factory expenses, distribution expenses, mark-up
C. Capacity factor, end product units, physical dimensions
D. Resources, work activities, final cost objects
Click for Answer
A. Construction cost, operating cost, maintenance cost
Question # 6 If two alternatives with different useful lives are to be compared considering all costs, which of the following methods is most appropriate?
A. Optimization
B. Net Present Worth
C. Equivalent Uniform Annual Value
D. Future Worth
Click for Answer
C. Equivalent Uniform Annual Value
Question # 7 A task has an early start of day 4. late start of day 14. early finish of day 10. and a late finish of day 20. What is the task's float?
A. 4B. 10C. 20D. 9
Click for Answer
B. 10Question # 8 Two of the most important things to know when planning a speech or lecture are the ______________and______________ of your audience. A. Motivation, professionalism
B. Background, attitude
C. Political preference, sense of humor
D. Culture, understanding
Click for Answer
B. Background, attitude
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