Business Organization

<p>Secretary of State (B)</p> Signup and view all the answers

<p>Hire a person or company to help with the payroll, administrative, and accounting duties to relieve the workload (D)</p> Signup and view all the answers

<p>Pass-through taxation (A)</p> Signup and view all the answers

<p>Double-check the plans for any errors or discrepancies (A)</p> Signup and view all the answers

<p>Who the market is and a marketing strategy (D)</p> Signup and view all the answers

<p>The critical path method (D)</p> Signup and view all the answers

<p>It is the simplest form of business organization (B)</p> Signup and view all the answers

<p>The Corporation avoids double taxation (D)</p> Signup and view all the answers

<p>All of the above (D)</p> Signup and view all the answers

<p>Insufficient cash flow (D)</p> Signup and view all the answers

<p>Plan ahead and create a construction schedule (D)</p> Signup and view all the answers

<p>List schedule, time scale (bar or Gantt chart), and Critical Path Method (CPM) (C)</p> Signup and view all the answers

<p>The amount of leeway allowed when starting or completing an activity without delaying the project completion date. (A)</p> Signup and view all the answers

<p>A GPS tracker (C)</p> Signup and view all the answers

<p>Do a job walk-through and compare the progress with the schedule (C)</p> Signup and view all the answers

<p>Bar chart (C)</p> Signup and view all the answers

<p>A description of the goals of the business, markets and marketing, finances, and management. (B)</p> Signup and view all the answers

<p>The sequence of tasks between the start and completion of the project which takes the longest amount of time (B)</p> Signup and view all the answers

<p>The company relies primarily on the resources available to the individual (A)</p> Signup and view all the answers

<p>Three years or until it expires, whichever occurs first (B)</p> Signup and view all the answers

<p>Joint venture (D)</p> Signup and view all the answers

<p>Extend deadlines if the owner accepts these terms (C)</p> Signup and view all the answers

<p>will be binding until it is expired (D)</p> Signup and view all the answers

<p>Corporation (C)</p> Signup and view all the answers

<p>After obtaining building permits (B)</p> Signup and view all the answers

<p>It does not show the interdependency of the activities (A)</p> Signup and view all the answers

The project manager is responsible for creating and distributing a punch list.

C-Corporations face double taxation (profits taxed at corporate and personal levels).

A good project scheduling system facilitates efficient workflow distribution.

To form a corporation, LLC, or LP in California, file formation documents with the Secretary of State.

To manage a company effectively, hire help with payroll, admin, and accounting.

S-Corporations offer pass-through taxation; profits are only taxed at the shareholder level.

After receiving approved plans, double-check for errors.

A service plan details target market and marketing strategy.

The critical path method is generally the most effective scheduling method.

A sole proprietorship is the simplest business structure.

S-Corporations avoid double taxation by passing profits through to shareholders.

An Employer Identification Number has multiple, important implications for businesses.

Insufficient cash flow is the most common cause of small business failure.

For multiple projects with phases, a construction schedule is critical to success.

Primary schedule types include list schedules, time scales (bar charts), and CPM.

Float time is the flexibility available when starting/finishing tasks without delaying completion.

A GPS tracker wouldn't benefit office employees as much as other tools.

A job walkthrough comparing progress to the schedule is the best way to assess longer projects.

Bar charts display individual task start and finish times on a job.

A business plan should describe goals, markets, finances, and management.

The critical path is the longest sequence of tasks from start to finish in a project.

Sole proprietorships rely primarily on the owner's resources.

A successor clause extends a union contract for 3 years or until expiration.

Multiple companies can work together under a joint venture license.

Deal with schedule delays with extended deadlines if agreed with the owner.

Ownership change maintains the collective bargaining agreement terms until expiration.

Corporations typically operate with a board of directors.

Project scheduling should happen after obtaining necessary building permits.

Time scales or bar charts don't show task dependencies or conflicts.