Exam 1: Organization of the Industry

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Explain what a limited liability partner is.

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Someone who invests in the business, receives a proportional share of the profit, but who can only lose what he/she invested in the company.

Which of the following is NOT considered to be a design or management profession?

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__________ have adopted some portion of the International Residential Code.

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The federal government is the enforcing agency for all building codes in the United States.

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Whose seal must appear on the drawings before work can begin on a building?

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A ____________________ is a contractor who is brought into a project to work on only one part of the project, such as electrical or plumbing.

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Explain what is required for an apprentice to complete an apprenticeship program.

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Explain how an apprentice's salary compares to a journeyman's salary.

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An occupation that requires more than four years of college and a license to practice is called a(n) ____________________.

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The building codes are the only standards used to ensure and enforce construction safety of buildings.

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Someone who owns a share of ____________________ is considered to own a share of the company.

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Explain the advantages of sole proprietorship.

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____________________ are made up of top chords, bottom chords, web members, and gussets.

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States usually have their own building codes and state codes often require local building codes to be at least as strict as the state code.

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A typical apprentice program requires between __________ hours per year of classroom training.

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A(n) ____________________ is a person who owns a construction business and enters into contracts with customers to do specified construction work.

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The __________ is responsible for ensuring that all buildings in a city meet the city development plan and zoning ordinances.

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Explain why the government has stricter regulations for corporations than for other forms of business.

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The type of engineer most commonly found in construction is the __________ engineer.

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The Bureau of Labor Statistics estimates that growth in construction jobs will be __________ that of the total workforce.

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