Podcast
Questions and Answers
Which document describes the operational systems that a firm will put into place to deliver products and services?
Which document describes the operational systems that a firm will put into place to deliver products and services?
- Business model
- SWOT analysis
- Business plan (correct)
- Strategic plan
What does a business plan provide answers to?
What does a business plan provide answers to?
- Hard, real-world questions (correct)
- Marketing strategies
- Financial projections
- Operational procedures
What is the purpose of a strategic plan?
What is the purpose of a strategic plan?
- To guide the firm's development in the long term (correct)
- To secure initial commissions
- To create a valid business plan
- To attract clients and secure commissions
What is a SWOT analysis?
What is a SWOT analysis?
What is the recommended timeframe for a strategic plan?
What is the recommended timeframe for a strategic plan?
Which of the following is NOT a common generic style as described by The Coxe Group?
Which of the following is NOT a common generic style as described by The Coxe Group?
What is the purpose of the business model in the architectural practice?
What is the purpose of the business model in the architectural practice?
What does the business plan present?
What does the business plan present?
According to the text, what is the potential value of using building information modeling (BIM) in architectural practice?
According to the text, what is the potential value of using building information modeling (BIM) in architectural practice?
What does the style of architectural practice define?
What does the style of architectural practice define?
Which of the following is a legal business entity formed by a group of people acting as a single unit?
Which of the following is a legal business entity formed by a group of people acting as a single unit?
Which of the following is a defined business relationship between two or more architectural practices for a limited purpose or objective?
Which of the following is a defined business relationship between two or more architectural practices for a limited purpose or objective?
Which of the following is an unincorporated relationship between architects for carrying on business in common?
Which of the following is an unincorporated relationship between architects for carrying on business in common?
Which of the following is an architectural practice owned and controlled exclusively by one person?
Which of the following is an architectural practice owned and controlled exclusively by one person?
What are the first key steps in launching an architectural practice?
What are the first key steps in launching an architectural practice?
Which of the following is NOT a tool commonly used in strategic planning?
Which of the following is NOT a tool commonly used in strategic planning?
What is the most common type of ownership for architectural practices in Canada?
What is the most common type of ownership for architectural practices in Canada?
What should architects do before structuring a practice?
What should architects do before structuring a practice?
Which form of ownership requires a partnership agreement?
Which form of ownership requires a partnership agreement?
Why do architectural practices incorporate?
Why do architectural practices incorporate?
Which of the following is NOT a form of business entity mentioned in the text?
Which of the following is NOT a form of business entity mentioned in the text?
What type of project is a joint venture usually formed for?
What type of project is a joint venture usually formed for?
What should architects do before entering into a joint venture?
What should architects do before entering into a joint venture?
What are multi-disciplinary firms?
What are multi-disciplinary firms?
How do some architectural practices organize their office structure?
How do some architectural practices organize their office structure?
Which of the following is NOT one of the external professional services that may be required to support an architectural practice?
Which of the following is NOT one of the external professional services that may be required to support an architectural practice?
What type of insurance is mentioned as a specialized type of insurance provided by a limited number of insurance underwriters?
What type of insurance is mentioned as a specialized type of insurance provided by a limited number of insurance underwriters?
According to the text, why is it important for an architect to establish a relationship with a lawyer?
According to the text, why is it important for an architect to establish a relationship with a lawyer?
What is one of the insurance requirements mentioned for an architectural practice?
What is one of the insurance requirements mentioned for an architectural practice?
According to the text, what type of professional should architects seek advice from for proper retirement planning?
According to the text, what type of professional should architects seek advice from for proper retirement planning?
