When obtaining debt financing, the duration of the item being financed is not required to be matched to the length of the credit. Ex: it is Ok to finance real estate purchases with lines of credit. Question 15 options: True False

Question 16 (0.75 points) Which of the following is not a way that a construction company can reduce a project's need for cash? options: A) Level labor resources B) Increase profit and overhead markup C) Decrease retention rate D) Decrease the use of subcontractors

Question 17 (0.75 points) Which of the following can reduce the profit earned by a crew? A) Good planning B) Using the wrong class of workers C) Poor scheduling D) B and C

Question 18 (0.75 points) Which of the following would be a legal and professional service that would be recorded as a general overhead expense? options: A) Legal services used to collect bills B) Architectural design for an unsuccessful proposal C) Legal services used to set up the company D) All of the above

Question 19 (0.25 points) When the amount of projects done in a year changes, the general overhead cost may remain fixed or vary with the change in volume. options: True False

Question 20 (0.25 points) General overhead cost include those costs that cannot be tied to a specific construction project options: True False