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Nicet 3 fire alarm exam with correct answers
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Nicet 3 fire alarm exam with correct answers
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Nicet 3 fire alarm exam with correct answersThe mmbeginning mmof mmevery mmdesign mmproject mmstarts mmwith mmthe mmcustomer mmspecification
mmincluded mmin mmthe mm- mmANSWER: mm mm➡ mmRequest mmFor mmProposal mmor mmRFP.
Reading mmand mminterpreting mmthe mm____________ mmis mma mmmajor mmfactor mmin mma mmgood mmbid
mmproposal mmand mmsystem mmdesign. mm- mmANSWER: mm mm➡ mmSpecification
If mmyou mmtake mmthe mmsafer mmapproach, mmand mmadd mmsafety mmfactors mminto mmyour mmbid mmto
mmaccount mmfor mmthings mmyou mmmay mmhave mmmissed mmin mmthe mmspecification, mmyou mmprobably
mmwill mm______________ mm- mmANSWER: mm mm➡ mmnot mmbe mmthe mmlow mmor mmsuccessful mmbidder.
Accounts mmPayables mm- mmANSWER: mm mm➡ mmdebts mmthat mmthe mmcompany mmowes mmand mmexpects
mmto mmpay mmwithin mmone mmyear mmthat mmare mmnot mmevidenced mmby mma mmwritten mmpromise mmto mmpay.
Accounts mmReceivable mm- mmANSWER: mm mm➡ mminvoices mmowed mmto mmthe mmcompany mmthat mmwill
mmlikely mmbe mmpaid mmwithin mmone mmyear mmand mmhave mmnot mmbeen mmformalized mmby mma mmwritten
mmpromise mmto mmpay, mmsuch mmas mma mmnote mmreceivable.
Assets mm- mmANSWER: mm mm➡ mmresources mmheld mmby mmthe mmcompany mmthat mmwill mmprobably
mmlead mmto mmsome mmfuture mmcash mminflows. mmFor mmexample, mma mmpiece mmof mmproperty mmis mman
mmasset mmbecause mmit mmcould mmbe mmsold mmto mmproduce mma mmcash mminflow.
Balance mmSheet mm- mmANSWER: mm mm➡ mmThe mmbalance mmsheet mmis mma mmsnapshot mmof mma
mmcompany's mmfinancial mmassets, mmliabilities, mmand mmthe mmvalue mmof mmthe mmcompany mmto mmits
mmowner mmat mma mmspecific mmpoint mmin mmtime mm(often mmreferred mmto mmas mmnet mmworth, mmor
mmequity).
Balance mmSheets mmare mmprepared mmhow mmoften? mm- mmANSWER: mm mm➡ mmAt mmthe mmend mmof mmeach
mmmonth mmand mmat mmthe mmend mmof mmthe mmyear
,Cash mm- mmANSWER: mm mm➡ mmdemand mmdeposits mm(such mmas mmsavings mmand mmchecking
mmaccounts), mmtime mmdeposits mm(such mmas mmcertificates mmof mmdeposits) mmwith mma mmmaturity mmof
mmone mmyear mmor mmless, mmand mmpetty mmcash.
Committed mmCosts mm- mmANSWER: mm mm➡ mmthose mmcosts mmthat mmthe mmcompany mmhas mmcommitted
mmto mmpay mmand mmcan mmbe mmidentified mmbefore mma mmbill mmis mmreceived mmfor mmthe mmcosts.
Cost mmControl mm- mmANSWER: mm mm➡ mmoccurs mmwhen mmthe mmaccounting mmsystem mmprovides
mmmanagement mmwith mmthe mmaccounting mmdata mmin mmtime mmfor mmmanagement mmto mmanalyze mmthe
mmdata mmand mmmake mmcorrections mmin mma mmtimely mmmanner..
Cost mmReporting mm- mmANSWER: mm mm➡ mmoccurs mmwhen mmthe mmaccounting mmsystem mmprovides
mmmanagement mmwith mmthe mmaccounting mmdata mmafter mmthe mmopportunity mmhas mmpassed mmfor
mmmanagement mmto mmrespond mmand mmcorrect mmthe mmproblems mmindicated mmby mmthe mmdata.
Direct mmCosts mm- mmANSWER: mm mm➡ mmthe mmlabor mmand mmmaterial mmto mmcomplete mma mmproject.
Fixed mmAssets mm- mmANSWER: mm mm➡ mmland, mmbuildings, mmconstruction mmequipment, mmtrucks
mmand mmautos, mmand mmoffice mmequipment.
Fixed mmCosts mm- mmANSWER: mm mm➡ mmcosts mmthat mmtend mmto mmbe mmfixed mmover mma mmspecific
mmrange mmof mmrevenues. mmFor mmexample, mmif mma mmcompany mmcurrently mmhas mmtwo mmsalaried
mmemployees mmworking mmas mmestimators, mmthe mmcost mmof mmthese mmemployees mmis mmfixed mmover
mmthe mmvolume mmof mmwork mmthat mmcan mmbe mmwon mmby mmthese mmemployees. mmRent mmis mmnormally
mma mmfixed mmcost mmif mmthe mmsize mmof mmthe mmoffice mmdoes mmnot mmvary mmbased mmon mmworkload.
General mmOverhead mm- mmANSWER: mm mm➡ mmcosts mmthat mmcannot mmbe mmspecifically mmidentified
mmto mmthe mmcompletion mmof mma mmconstruction mmproject. mmincludes mmall mmmain mmoffice mmand
mmsupervisory mmcosts mmthat mmcannot mmbe mmbilled mmto mma mmspecific mmconstruction mmproject.
Another mmterm mmfor mmGeneral mmOverhead mm- mmANSWER: mm mm➡ mmindirect mmcosts
Gross mmProfit mmMargin mm- mmANSWER: mm mm➡ mmthe mmgross mmprofit mmdivided mmby mmthe mmtotal
mmrevenue mmtimes mm100%.
,Inventory mm- mmANSWER: mm mm➡ mmmaterials mmthat mmare mmavailable mmfor mmsale, mmor mmare
mmavailable mmand mmexpected mmto mmbe mmincorporated mminto mma mmconstruction mmproject mmwithin
mmthe mmnext mmyear.
Liabilities mm- mmANSWER: mm mm➡ mmobligations mmfor mma mmcompany mmto mmtransfer mmassets mmor
mmrender mmservices mmat mmsome mmfuture mmtime mmfor mmwhich mmthe mmcompany mmis mmalready
mmcommitted. mmLoans mmand mmwarranty mmreserves mmare mmcommon mmexamples
Mixed mmCosts mm- mmANSWER: mm mm➡ mmcosts mmthat mmcontain mmboth mma mmvariable mmcost
mmcomponent mmand mma mmfixed mmcost mmcomponent. mmFor mmexample, mmif mma mmcompany mmpaid mmits
mmestimators mma mmbase mmsalary mmplus mma mmbonus mmbased mmon mmthe mmvolume mmof mmwork mmwon
Net mmProfit mm- mmANSWER: mm mm➡ mmcalculated mmas mmGross mmProfit mmminus mmTaxes. mm
If mmyou mmthink mmof mmit mmin mmterms mmof mmyour mmpaycheck, mmyou mmhave mmyour mmprofit, mmand mmthe
mmamount mmyou mmare mmleft mmwith mmafter mmtaxes
Net mmProfit mmMargin mm- mmANSWER: mm mm➡ mmdeducts mmtaxes mmfrom mmthe mmgross mmprofit mmto
mmobtain mmthe mmmargin.
The mmnet mmprofit mmmargin mmused mmon mmeach mmestimate mmmay mmvary mmbased mmon: mm- mmANSWER:
mm mm➡ mmThe mmrisk mminvolved mmin mmthe mmproject.
The mmowner's mmdesired mmprofit.
The mmcurrent mmworkload mmof mmthe mmcompany.
The mmcustomer mm- mma mmdifficult mmcustomer mmmay mmpay mma mmpenalty.
Overhead mmCosts mm- mmANSWER: mm mm➡ mmmay mmbe mmdivided mminto mmthree mmtypes mmof mmcosts:
mmvariable mmcosts, mmfixed mmcosts, mmand mmmixed mmcosts.
Profit mmEquation mm- mmANSWER: mm mm➡ mm——————— mm= mmRevenue mm- mmConstruction mmCost mm-
mmOverhead
, Variable mmCosts mm- mmANSWER: mm mm➡ mmcosts mmthat mmtend mmto mmvary mmwith mmthe mmvolume mmof
mmwork, mmwhich mmis mmmost mmcommonly mmexpressed mmas mma mmpercentage mmof mmthe mmrevenues
mmfrom mmconstruction mmprojects. mm
Example:
If mmyou mmlaid mmoff mmemployees mmwhen mmthere mmwas mmno mmwork.
Or:
Sales mmcommissions mmthat mmvary mmwith mmthe mmamount mmof mmsales mm.
Important mmChapters mmIBC mm- mmANSWER: mm mm➡ mm2, mm3, mm4, mm7, mm9
Chapter mm2 mmIBC mm- mmANSWER: mm mm➡ mmDefinitions
Chapter mm3 mmIBC mm- mmANSWER: mm mm➡ mmUse mmand mmOccupancy
Classification
Chapter mm4 mmIBC mm- mmANSWER: mm mm➡ mmSpecial mmDetailed
Requirements mmBased mmon
Use mmand mmOccupancy
Chapter mm7 mmIBC mm- mmANSWER: mm mm➡ mmFire mmand mmSmoke
Protection mmFeatures
Chapter mm9 mmIBC mm- mmANSWER: mm mm➡ mmFire mmProtection mmSystems
You mmfind mmone mmof mmyour mmemployees mmdrinking mmat mma mmlocal mmbar mmwith mmthe mmcompany
mmtruck mmduring mmworking mmhours. mmYou mmsend mmthem mmhome mmin mma mmtaxi.
What mmshould mmyou mmdo mmnext? mm- mmANSWER: mm mm➡ mmD. mmTerminate mmthe
employee mmfor mmmisuse
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