Strong financial management of a construction firms' financial resources provides company leadership with information regarding all of these operational areas except: decision to bid a project bonding capacity or current limits decision to self perform or subcontract work O analysis of 401k investment opportunities for employees closure of firm Question 3 4 pts Why is the construction industry considered project orientated? Standard operating procedure for GAAP (Generally Accepted Accounting Procedures) is for construction forms to review financial reports at fiscal year end O monthly reconciliation company owners' birthday party O project manager bonus month any time, giving management opportunity to analyze data and make corrections in a timely manner Question 7 4 pts Construction companies are reliant on a ledger system to track costs and financial information Three ledgets are toutinely used for this purpose. They are Question 9 MBWA is a great way to: o burn off calories from morning donuts keep up on project progress o offer a quick "thank you" to field staff instill an atmosphere of true teamwork, cooperation and mutual respect every one of these Question 10 4 Which of the following choices is more likely to have a greater impact on an organizations ability to manage cash and cash equivalent resources? Question 11 4 pts You have just been hired as senior project manager to lead a group of project managers in a large construction organization. You will no longer be managing individual jobs but will be setting fiscally responsible direction for project managers. Strong operational protocols would undoubtedly include all of the following except: structuring a solid invoicing schedule immediately upon project award to maintain positive cash flow O develop a reasonable "front end loading approach to avoid carrying mabilization and other project initiation costs scheduled reports for Chief Financial Officer review and comment condense project labor, material, subcontractor and equipment cost codes to include only general project activities tracking Question 12 4 pts As part of your new responsibilities as senior project manager you will take on revamping a lack luster customer Invoicing system Procedures and guidelines to keep in mind when invoicing customers include