Construction Industry Technician Practice Questions
Construction-related skills and knowledge required in a administrative positions in the construction industry.
- 1.Check which applies to a limited partner.
- A.
Has all rights associated with controlling business
- B.
Has unlimited personal liability for all partnership debts
- C.
Acts as agent of partnership
- D.
Has no right to participate in management and control of business
- E.
Liability limited to amount of capital partner has contributed to business
- F.
Is not an agent of the partnership
- 2.Check which applies to a general partner.
- A.
Has all rights associated with controlling business
- B.
Has unlimited personal liability for all partnership debts
- C.
Acts as agent of partnership
- D.
Has no right to participate in management and control of business
- E.
Liability limited to amount of capital partner has contributed to business
- F.
Is not an agent of the partnership
- 3.Architects are usually contracted to design Residential, Commercial and Industrial construction.
- A.
True
- B.
False
- 4.Identify the 5 different types of construction
- A.
Civil
- B.
Commercial
- C.
Railroads
- D.
Industrial
- E.
Parks
- F.
Institutional
- G.
Resorts
- H.
Residential
- 5.Commercial construction companies may be categorized as:
- A.
Small, Medium or Large
- B.
Retail or Office
- 6.The parties involved in a commercial construction process are:
- A.
Registered Professional Engineer
- B.
Contractor
- C.
Owner, Architect, Contractor, Subcontractor and Vendor
- D.
Engineer is usually the primary designer, while architect plays and active role
- E.
Residential contractor and the managing firm
- 7.The parties involved in a Industrial construction process are:
- A.
Registered Professional Engineer
- B.
Contractor
- C.
Owner, Architect, Contractor, Subcontractor and Vendor
- D.
Engineer is usually the primary designer, while architect plays and active role
- E.
Residential contractor and the managing firm
- 8.The parties involved in a Residential construction process are:
- A.
Registered Professional Engineer
- B.
Contractor
- C.
Owner, Architect, Contractor, Subcontractor and Vendor
- D.
Engineer is usually the primary designer, while architect plays and active role
- E.
Residential contractor and the managing firm
- 9.Architects are used to design Industrial projects:
- A.
True
- B.
False
- 10.Who is usually the owner in an Industrial project?
- A.
Construction company can one person or large corporation
- B.
Private individual, a corporation or government agency
- C.
Private or government entity
- D.
Private individual or company
- E.
City, County, States and Federal agencies
- 11.Who is usually the owner in an Institutional project?
- A.
Construction company can one person or large corporation
- B.
Private individual, a corporation or government agency
- C.
Private or government entity
- D.
Private individual or company
- E.
City, County, States and Federal agencies
- 12.Who is usually the owner in a Residential project?
- A.
Construction company can one person or large corporation
- B.
Private individual, a corporation or government agency
- C.
Private or government entity
- D.
Private individual or company
- E.
City, County, States and Federal agencies
- 13.Who is usually the owner in a Commercial project?
- A.
Construction company can one person or large corporation
- B.
Private individual, a corporation or government agency
- C.
Private or government entity
- D.
Private individual or company
- E.
City, County, States and Federal agencies
- 14.Who is usually the owner in a Civil project?
- A.
Construction company can one person or large corporation
- B.
Private individual, a corporation or government agency
- C.
Private or government entity
- D.
Private individual or company
- E.
City, County, States and Federal agencies
- 15.Which applies to a Sole Proprietorship?
- A.
Owner take full responsibility for the company's assets, debts, obligations and profits
- B.
An association of two or more persons
- C.
Pays no corporate taxes
- D.
"General" and "Limited" describes this type of ownership
- E.
Has Stockholders as owners
- F.
A Joint Venture
- G.
Combine the advantages of partnerships and corporations
- 16.Which applies to a Limited Liability Company?
- A.
Owner take full responsibility for the company's assets, debts, obligations and profits
- B.
An association of two or more persons
- C.
Pays no corporate taxes
- D.
"General" and "Limited" describes this type of ownership
- E.
Has Stockholders as owners
- F.
A Joint Venture
- G.
Combine the advantages of partnerships and corporations
- 17.Which applies to a Corporation?
- A.
Owner take full responsibility for the company's assets, debts, obligations and profits
- B.
An association of two or more persons
- C.
Pays no corporate taxes
- D.
"General" and "Limited" describes this type of ownership
- E.
Has Stockholders as owners
- F.
A Joint Venture
- G.
Combine the advantages of partnerships and corporations
- 18.Which applies to a Partnership?
- A.
Owner take full responsibility for the company's assets, debts, obligations and profits
- B.
An association of two or more persons
- C.
Pays no corporate taxes
- D.
"General" and "Limited" describes this type of ownership
- E.
Has Stockholders as owners
- F.
A Joint Venture
- G.
Combine the advantages of partnerships and corporations
- 19.A construction contract and a construction agreement are the same
- A.
True
- B.
False
- 20.Business ownership is influenced by what factors?
- A.
Taxation
- B.
Profits
- C.
Degree of owner liability
- D.
Scope of operation and financial structure desired
- E.
Legal structure
- 21.___________________ an individual who owns and manages the company, may provide the initial financing, and acquires the necessary equipment and property
- 22.______________________ the association of two or more persons who, by mutual agreement, are co-owners of a business.
- 23._______________________ a legal entity comprising one individual or an alliance of individuals under a corporate name.
- 24._____________________ consist of one or more persons who co-own a business by contributing capital, equipment, and/or property.
- 25._____________________ co-owner's liabilities and profits are limited and are equal to the amount of capital and property invested in the company.
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