Download AIC EXAM LATEST EXAM 2025 | ALL QUESTIONS AND CORRECT ANSWERS | GRADED A+ | VERIFIED ANS and more Exams Insurance Economics in PDF only on Docsity!
AIC EXAM LATEST EXAM 2025 | ALL
QUESTIONS AND CORRECT ANSWERS |
GRADED A+ | VERIFIED ANSWERS | LATEST
EXAM
If a company has $260,631 in cash, $423,731 in contracts receivable, and $682,661 in liabilities, what is its quick ratio (acid test)? [= (Cash and Equivalents + Accounts Receivable)/ Current Liabilities] ---------CORRECT ANSWER-----------------= (260,631+423,731)/682,661 = 1. Which of the following is not a type of pile installed by pile driving? --------- CORRECT ANSWER-----------------Cast-in-place concrete pile Which of the following types of equipment is most suitable for excavation of a standard residential basement? ---------CORRECT ANSWER----------------- Excavator Which of the following types of excavation equipment is most suitable for removing and stockpiling on-site 2ft of soil from 1 acre of excavation area? ---------CORRECT ANSWER-----------------Scraper Which of the following types of excavation equipment is most suitable for final grading of a roadway? ---------CORRECT ANSWER----------------- Grader
Which of the following types of compaction equipment is most suitable for compacting the granular base of a large parking lot? ---------CORRECT ANSWER-----------------Smooth wheel roller A sheepsfoot roller is most suitable for compaction of which type of soil? --- ------CORRECT ANSWER-----------------Clay Soils What is an advantage of a tower crane? ---------CORRECT ANSWER-------- ---------Its operator has an unobstructed view of the site. Which of the following types of aerial work platforms is most suitable for installing fire sprinkler piping inside a building? ---------CORRECT ANSWER-----------------Slab Scissor Lift Using a crane loading diagram, what is the maximum load of a crane if the boom is at an angle of 40* and extended 53ft? [Using the chart, first find the length of boom, then scroll down to find the angle that its at] --------- CORRECT ANSWER-----------------5030lb In which CSI division is information about Specialties located? --------- CORRECT ANSWER-----------------Division 10 Which CSI technical specification part would contain information about which submittals were required? ---------CORRECT ANSWER----------------- Part 1
Which CSI division contains the bidding requirements for a project? --------- CORRECT ANSWER----------------- 00 Which part in the CSI technical specifications provides the contractor information about how the work is to be executed, including approved installation procedures? ---------CORRECT ANSWER-----------------Part 3 The technical specifications reference ASHRAE as a publisher of numerous technical standards. What does the acronym stand for? --------- CORRECT ANSWER-----------------American Society for Heating, Refrigerating and Air Conditioning Engineers Which party is normally responsible for designing the temporary structures? ---------CORRECT ANSWER-----------------Contractor/ Vendor Which of the following systems is designed to carry the total vertical load of a structure? ---------CORRECT ANSWER-----------------Piling Which piece of equipment is most efficient for compacting granular soils, such as sand, gravel, and crushed stone? ---------CORRECT ANSWER------ -----------Smooth Wheel Roller Which of the following bid documents would the contractor place his or her price on? ---------CORRECT ANSWER-----------------Bid Form
Which of the following bid documents contains additional or supplemental information to the design documents? ---------CORRECT ANSWER----------- ------Addendum Which type of specification provides the criteria that the contractor must build to but does not include a specific design? ---------CORRECT ANSWER-----------------Performance Specification The Criteria set by a trade organization for acceptable quality and installation procedures, such as the Sheet Metal and Air Conditioning Contractors' National Association (SMACNA) benchmarks for ductwork quality, are best described as a _____ ---------CORRECT ANSWER---------- -------Standard If a project trailer is vandalized, which of the following type of insurance would cover the claim? ---------CORRECT ANSWER-----------------Builder's Risk What is the term used to describe the financial evaluation of the cost of a building component or system over its useful life? ---------CORRECT ANSWER-----------------Life Cycle Costing Which type of estimate is most appropriate when the contract documents are 100% complete? ---------CORRECT ANSWER-----------------Detailed Estimate
What percentage of conversations do speakers remember of what they say and do? ---------CORRECT ANSWER-----------------90% When giving presentations, people should do which of the following? --------
- CORRECT ANSWER-----------------Keep the conversation short and on topic Which of the following should people do to effectively listen? --------- CORRECT ANSWER-----------------Listen objectively with the intent to understand the speaker's perspective Which of the following statements is true about texting and a subcontractor change order? ---------CORRECT ANSWER-----------------Texting your subcontractor that a change order is coming later in the day is a good practice What does RFI stand for? ---------CORRECT ANSWER----------------- Request for Information An Owner-initiated change order should include which of the following? ----- ----CORRECT ANSWER-----------------Reference to contract documents describing the change in detail A job Diary should be maintained by who? ---------CORRECT ANSWER----- ------------All members of the project management team
If a job has more than one shift, how often should a daily report be completed? ---------CORRECT ANSWER-----------------Each shift Daily reports are primarily created by whom? ---------CORRECT ANSWER-- ---------------Superintendents Meeting AGENDAS should be distributed __________ ---------CORRECT ANSWER-----------------At least one day PRIOR to the meeting Meeting MINUTES should be distributed _______ ---------CORRECT ANSWER-----------------About one day AFTER the meeting Which of the following types of meetings is typically held at regular weekly or biweekly intervals throughout the project? ---------CORRECT ANSWER-- ---------------Progress Meetings Which of the following documents is used for correspondence between the architect or owner and the contractor? ---------CORRECT ANSWER----------- ------Formal Business Letter Which of the following documents is used for correspondence between the home office and job site? ---------CORRECT ANSWER----------------- Memorandum
Which of the following is not commonly discussed at monthly owner / architect / contractor progress meetings? ---------CORRECT ANSWER------- ----------Pending subcontractor change orders What is a listener's retention percentage of an oral conversation? --------- CORRECT ANSWER-----------------10% Which of the following communication methods is the most effective in knowing that the communication has been understood? ---------CORRECT ANSWER-----------------The sender should ask open-ended questions and make them speak. Which of the following is the best example of an open-ended question? ----- ----CORRECT ANSWER-----------------What steps are you going to take to complete the activity? Which material is prone to fire damage and deterioration by moisture and insects? ---------CORRECT ANSWER-----------------Wood Concrete is strongest in __________ ---------CORRECT ANSWER------------ -----Compressive Strength Which of the following is a type of aggregate? ---------CORRECT ANSWER- ----------------Gravel
Approximately what percentage (by volume) does aggregate make up in general-purpose concrete? ---------CORRECT ANSWER-----------------75% What does a sieve size of No. 4 mean? ---------CORRECT ANSWER--------- --------The sieve has four openings per linear inch. Which panel wood product is made up of thin layers of wood veneers adhered together in alternating directions? ---------CORRECT ANSWER----- ------------Plywood The '10' in W10 x 30 steel beam indicates what? ---------CORRECT ANSWER-----------------The nominal DEPTH of the beam in inches Which of the following mortar types has the highest strength? --------- CORRECT ANSWER-----------------Type M Which of the following is a type of deep foundation? ---------CORRECT ANSWER-----------------Caisson Clay is what type of soil? ---------CORRECT ANSWER----------------- Cohesive Soil Sand is what type of soil? ---------CORRECT ANSWER----------------- Cohesionless Soil
Which of the following would be considered a dead load? --------- CORRECT ANSWER-----------------Formwork Which property of air is the best measure for latent heat? ---------CORRECT ANSWER-----------------Humidity Ratio If you have an air sample with a dry bulb temperature of 80F and an RH of 50%, what is its wet bulb temperature? [80F on horizontal axis, follow that up to 50% on curved axis, WB = diagonal line at intersection of DB and RH] ---------CORRECT ANSWER-----------------67F If you have an air sample with a dry bulb temperature of 60F and an RH of 100%, what is its wet bulb temperature? [60F on horizontal axis, follow that up to 100% on curved axis, WB = diagonal line at intersection of DB and RH] ---------CORRECT ANSWER-----------------60F Using a psychrometric chart, if you have an air sample with a dry bulb temperature of 60F and a humidity ratio of 23.0 gr/lb, what is its relative humidity? [60F on horizontal axis, go up to 23.0 gr/lb on vertical axis, RH = curved line at intersection of DB and Hum. Rat.] ---------CORRECT ANSWER-----------------30% Air sample "A" has a dry bulb temperature of 80F and a relative humidity of 90%. Air sample "B" has a dry bulb temperature of 65F and a relative humidity of 90%. Which of the following statements is true? --------- CORRECT ANSWER-----------------"A" has more sensible and latent heat as "B"
If you have 10ohms of resistance and a voltage of 20 V, how much current is going through the circuit? [Current = Voltage / Resistance] --------- CORRECT ANSWER-----------------2 Amps Which is the unit of measure for AC power? ---------CORRECT ANSWER--- --------------Watt If you have 3 resisters in a series and they each have 4ohms of resistance, what is the total resistance in the circuit? [Rt = R1+R2+...Rn] --------- CORRECT ANSWER-----------------12ohms If you have 3 resisters in a parallel and they each have 4ohms of resistance, what is the total resistance in the circuit? [1/Rt= 1/R +1/R2+...1/Rn] ---------CORRECT ANSWER-----------------1/Rt= 1/0.75 = 1.33ohms If a THREE-phase circuit has 240V, using 100A with a power factor of .5, what is the REAL power? [P = 1.73 x V x A x Power Factor] --------- CORRECT ANSWER-----------------20,760W In the United State, alternating current is provided by utility companies at _______ hertz of cycles per second. ---------CORRECT ANSWER------------- ---- 60
on curved axis, use diagonal line at intersection to determine enthalpy] ----- ----CORRECT ANSWER-----------------28 BTUs Which of the following is a fundamental element of a contract? --------- CORRECT ANSWER-----------------Mutual Acceptance Which of the following contract types is generally considered to have the most risk for the contractor? ---------CORRECT ANSWER----------------- Lump Sum Which of the following contract types is best used if the scope is well defined but not the quantities of material? ---------CORRECT ANSWER------ -----------Unit Price In which delivery method is the construction administrator most like a consultant? ---------CORRECT ANSWER-----------------CM Agency Which statement is true about the design-build delivery method from the owner's perspective? ---------CORRECT ANSWER-----------------There is a single source of fault for building system failures Which delivery method has the most risk for the contractor? --------- CORRECT ANSWER-----------------Design-build
Which of the following is a major difference between a CM Agency and a CM at risk? ---------CORRECT ANSWER-----------------Caps the construction costs the owner is required to pay Under which legal structure are the least total taxes paid for the goods and services provided by the company? ---------CORRECT ANSWER-------------- ---Sole Proprietorship In the construction industry, which legal entity is often a temporary arrangement? ---------CORRECT ANSWER-----------------Joint Venture Which is an advantage of forming a corporation? ---------CORRECT ANSWER-----------------Shareholders have reduced personal liability A company has $10,000 in cash, $20,000 in equipment, and $20,000 in accounts payable. The tax rate is 13%. What is the current ratio? [=Current Assests/ Current Liabilities] ---------CORRECT ANSWER----------------- =$10,000 / $20,000 = 0. What is the return on assets assuming a net profit before tax of $15, and $30,000 total assets? [(Net Profit before taxes / Total Assets) x 100] --- ------CORRECT ANSWER-----------------= ($15k / $30k) x 100 = 50% A company has $50,000 in equipment, $20,000 in cash, and $30,000 in accounts payable. How much working capital does it have? [Current Assets
- Current Liabilities] ---------CORRECT ANSWER-----------------= $20k - $30k = - $10k
with a management service company to perform the trade coordination, cost control, and scheduling services. What is this project delivery method called? ---------CORRECT ANSWER-----------------Construction Management Which legal entity is considered perpetual (never ending)? --------- CORRECT ANSWER-----------------Corporation Under which municipal law are corporations formed? ---------CORRECT ANSWER-----------------State Which law establishes basic rules governing the sale of goods used to establish a purchase order? ---------CORRECT ANSWER----------------- Uniform Commercial Code Which graphical measurement tool is a bar chart that displays a frequency distribution? ---------CORRECT ANSWER-----------------Histogram Which of the following principles of law states that if the prime contractor reasonably relies on the promise or price of the subcontractor to its detriment, then the subcontractor must be held to its promise to avoid harm to the prime contractor even though a signed contract between the contractor and subcontractor does not exist at the bidding phase of a project? ---------CORRECT ANSWER-----------------Promissory Estoppel At which point in time must the owner-contractor agreement be provided to each prospective subcontractor bidder? ---------CORRECT ANSWER--------- --------During the bidding phase of the project
What is the working capital of a company that has $1,415,815 in assets and $682,661 in liabilities? [=Current Assets - Current Liabilities] --------- CORRECT ANSWER-----------------=$733, What is the current ratio of a company that has $1,415,815 in assets and $682,661 in liabilities? [=Current Assets / Current Liabilities] --------- CORRECT ANSWER-----------------=2. How many Board Feet is 200LF of 2in x 6in wood studs? [=(L x W x D)/12] ---------CORRECT ANSWER-----------------=(200 x 2 x 6)/12 = 200BF Which document notifies the contractor of the forms, content, and procedures for submitting the bid proposal? ---------CORRECT ANSWER--- --------------Instructions to Bidders Which party has the design liability for a prescriptive specification? --------- CORRECT ANSWER-----------------Architect / Engineer A specification reads as follows: "Furnish, install, operate, and maintain all necessary pumping equipment for dewatering the various parts of the work and for maintaining free of water the foundations and trenches as required for construction operations". Which type of specification is this? --------- CORRECT ANSWER-----------------Performance Specification
