CME Project Management and Legal 3

Question 1

Under the Davis-Bacon Act, what wage requirement applies to federally funded construction projects exceeding $2,000?

Accepted Answer

Workers must be paid the locally prevailing wage rate

Answer

The Davis-Bacon Act requires contractors on federal construction projects to pay workers the locally prevailing wages as determined by the Department of Labor.

Question 2

A project owner requests a 'change order' that significantly increases the project scope. What should the master electrician do FIRST?

Accepted Answer

Assess the cost and time impact, then negotiate and execute a written change order before proceeding

Answer

Before performing any scope changes, the electrician should evaluate impacts and get a written, signed change order to protect against unpaid work disputes.

Question 3

What does the term 'float' (or 'slack') refer to in project scheduling?

Accepted Answer

The amount of time a task can be delayed without delaying the project completion

Answer

Float (or slack) is the amount of delay a non-critical task can absorb without pushing back the project's final completion date.

Question 4

Which federal law prohibits employment discrimination based on race, color, religion, sex, or national origin?

Accepted Answer

Title VII of the Civil Rights Act of 1964

Answer

Title VII of the Civil Rights Act of 1964 is the foundational federal law prohibiting workplace discrimination based on those five protected characteristics.

Question 5

A master electrician uses the 'percentage of completion' method for revenue recognition. When is revenue recorded?

Accepted Answer

Proportionally as project work progresses based on costs incurred or milestones reached

Answer

The percentage-of-completion method recognizes revenue incrementally as work is performed, matching income to project progress rather than waiting for full completion.

(CME) Certified Master Electrician Practice Test

(CME) Certified Master Electrician Practice Test

CME Project Management and Legal 3