Final Exam Questions

Question 1

Strategic planning provides a mechanism for:

Answer 1

assessing company strengths and weaknesses, analyzing external environment, forecasting the future (all the above)

Question 2

A mission Statement

Answer 2

Articulates why a company exists and what makes it different from other firms in the industry

Question 3

SWOT Stands for

Answer 3

Strengths, weaknesses, opportunities, threats

Question 4

Marketing consists of

Answer 4

Identifying leads, closing leads

Question 5

Most construction iris are marketing a service rather than a product with the exception of:

Answer 5

residential companies

Question 6

The basic marketing concept is often denoted by the letters STP which stand for?

Answer 6

Segment, Target, Positioning

Question 7

All of the following are true except for

Answer 7

strategic marketing consists of day to day activities and tactical marketing consists of range plans

Question 8

The most important marketing tool is:

Answer 8

the firm’s reputation

Question 9

Which of the following is not a law that regulates the hiring of employees

Answer 9

OSHA

Question 10

Age discrimination in employment act protects employees

Answer 10

who are 40 years of age and older

Question 11

What can you ask a prospective employee

Answer 11

Do you use illegal drugs

Question 12

It is illegal to ask a prospective employee for their facebook password

Answer 12

in a few states, including california

Question 13

If your company requires passing a physical exam for employment the correct order would be

Answer 13

Have only prospective employees with job offers take the exam and make the job offer conditional pending a physical

Question 14

The IRS has guidelines to distinguish between employees and independent contractors, which one is NOT a distinction between them

Answer 14

an employees pay is subject to federal and state taxes but a contractor is not

Question 15

The following are true regarding employee handbooks with the exception of

Answer 15

employee handbooks are required by law in california

Question 16

the most frequently cited OSHA violations concern

Answer 16

Scaffolding and fall protection

Question 17

You complemented an employee on her dress and she claims sexual harassment, you best decision would be

Answer 17

cooperate fully in the company investigation because it is unlikely that you created a hostile work environment

Question 18

Which of the following is not a performance appraisal

Answer 18

45 degree appraisal

Question 19

The following benefits are legally required with the exception of

Answer 19

paid holidays

Question 20

The integration of information technology had allowed every US industry to achieve notable productivity gains with the exception of

Answer 20

the construction industry

Question 21

Software and service (SaaS) allows companies to:

Answer 21

All the above

Question 22

4D BIM adds the component of:

Answer 22

schedule and time constraint data

Question 23

What are the dominant objectives of total quality management

Answer 23

Quality and customer service

Question 24

The construction industry has been slow to adopt total quality management because:

Answer 24

all the above

Question 25

Total Quality management:

Answer 25

Began to be adopted by US companies in the 1980's

Question 26

Dr. Deming is known for

Answer 26

Demings 14 Points

Question 27

Sandy is bullied by her boss at work, what advice will she receive from her attorney?

Answer 27

She has no legal recourse because bullying does not meet discrimination standards

Question 28

Other well known quality concepts include

Answer 28

Six Sigma and ISO Standards

Question 29

Which of the following are true of OSHA?

Answer 29

Osha Enforcement standards regulate equipment and working environments

Question 30

What best describes a supervisor's liability for sexual harrassment?

Answer 30

it is common for a supervisor to be individually named in the charge

Question 31

At what age can employees perform any job without hours limits

Answer 31

18

Question 32

What is an at-will employment relationship

Answer 32

either the employer or the employee can terminate the employment contract at any time without reason or notice

Question 33

The purpose of ISO is to:

Answer 33

establish international safety standards

Question 34

The process of creating/updating an organizations missions statement is called

Answer 34

Strategic planning

Question 35

The first step in the planning process is

Answer 35

Assess current conditions

Question 36

The following software would typically be used in the construction field with the exception of

Answer 36

practice management

Question 37

What is an example of enterprise level software used by construction firms

Answer 37

primavera project system

Question 38

The family medical leave act allows employees to take up to how many weeks for their serious health condition or that of a family member

Answer 38

12 weeks

Question 39

The following applications are all examples of project monitoring besides

Answer 39

crowdsourced placemaking

Question 40

What is the primary objective of workers comp ensurance?

Answer 40

The payment of benefits to employees for job related injuries or illnesses

Question 41

Legal issues associated with BIM include?

Answer 41

all the above

Question 42

in the US the legal system is principally concerned with individual rights and responsibilities whereas him is essentially a collaborative effort amongst several entities

Answer 42

True

Question 43

The Spearin Doctrine is generally used by contractors as a defense to an owner's claim of defective and non-conforming work

Answer 43

true

Question 44

a 2009 smartrisk survery of 17 professional liability insurance carriers specializing in coverage building design firms found that 25% said they offer BIM coverage

Answer 44

False

Question 45

BIG is:

Answer 45

All the above

Question 46

In BIG Each project has

Answer 46

All the above

Question 47

In BIG each time period represents

Answer 47

2 months

Question 48

In BIG the end-of-period financial reports show expenses incurred for

Answer 48

All the above

Question 49

Most experts regard this a s the single most accurate guide to a companies financial solvency

Answer 49

None of the above

Question 50

A Z-score of ____ or below means you are headed for bankruptcy. A z-score of ____ or higher means your company is sound

Answer 50

1.8 / 3.0