Which of the following is NOT an advantage specific to a cost reimbursable contract?

• A.Evaluation of proposals are much simpler
• B.Provides flexibility in dealing with changes
• C.An early start can be made
• D.Owner controls all aspects of the work

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Which of the following is NOT an aspect of quality management?

• A.Quality control
• B.Quality planning
• C.Quality checking
• D.Quality assurance

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Some of the principles of good communication are:

• A.Tell the other person what to do; give insincere praise; psychoanalyze the other person; make light of a serious problem; do not gain the trust of anyone; always have a hidden agenda
• B.The social process by which people in a specific situation construct meaning using symbolic behavior
• C.Seek to clarify your ideas before communicating; examine the true purpose of each communication; consider the total physical and human setting whenever you communicate; be mindful, while you communicate, of the overtones as well as the basic content of the message
• D.Use short words; avoid jargon; avoid acronyms and abbreviations; use complete sentences; have a beginning, middle and end; be accurate; be interested in what topic is being communicated

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Productivity increases with time. This improvement is commonly associated with improvements in efficiency brought about by increased experience and skill levels. What does this scenario describe?

• A.Productivity efficiency factor
• B.Cash flow
• C.Value engineering
• D.The learning curve

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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.
Answer the question using a straight line depreciation and a 10% interest rate.
Which of the following should be included in the life-cycle cost analysis of a power plant?

• 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

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