2023

APC preparation | Knowledge

Sharing Through Q/A series

By Quantity Surveyors Association of Pakistan (QSAP) under

supervision of Rana Zafar Iqbal - CCE, MSc QS, MRICS

QSAP | https://www.linkedin.com/company/80518303
Table of Content
Section-1 : ACCOUNTING PRINCIPLES (AP) .................................................................................................. 5
APC/AP-Q.1 WHAT DOES THE BALANCE SHEET REPORT ON? ........................................................................... 5
APC/AP-Q.2 WHICH OF THE FOLLOWING IS AN EXAMPLE OF AN INTANGIBLE ASSET? ........................................... 5
APC/AP-Q.3 WHAT TYPE OF LIABILITY IS INCLUDED IN A TYPICAL BALANCE SHEET? ............................................. 5
APC/AP-Q.4 WHAT IS THE MAIN PURPOSE OF THE PROFIT AND LOSS ACCOUNT? ................................................ 5
APC/AP-Q.5 HOW IS THE NET INCOME CALCULATED IN THE PROFIT AND LOSS ACCOUNT? .................................... 5
APC/AP-Q.6 WHAT IS THE MAIN PURPOSE OF A CASH FLOW STATEMENT ? ........................................................ 5
APC/AP-Q.7 CASH INFLOWS USUALLY ARISE FROM WHICH THREE ACTIVITIES? ................................................... 6
APC/AP-Q.8 WHAT INFORMATION DOES THE CASH FLOW STATEMENT PROVIDE ABOUT EACH LINE ITEM? ............... 6
APC/AP-Q.9 WHAT DOES THE DIFFERENCE BETWEEN INCOME AND EXPENDITURE SHOW IN A FINANCIAL REPORT? ... 6
APC/AP-Q.10 WHAT INFORMATION DOES A BALANCE SHEET PROVIDE? ............................................................. 6
APC/AP-Q.11 WHAT DOES A STATEMENT OF COMPREHENSIVE INCOME SHOW? .................................................. 6
APC/AP-Q.12 WHAT INFORMATION DOES THE STATEMENT OF FINANCIAL POSITION PROVIDE? .............................. 6
APC/AP-Q.13 WHAT IS THE PRIMARY PURPOSE OF ACCOUNTING PRINCIPLES? .................................................... 6
APC/AP-Q.14 WHICH ORGANIZATION ISSUES INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS)? ............. 7
APC/AP-Q.15 HOW DOES A PRINCIPLE DIFFER FROM A RULE IN TERMS OF MOTIVATION AND GUIDANCE ? ................. 7
APC/AP-Q.16 WHY ARE ACCOUNTING STATEMENTS IMPORTANT FOR AN ENTITY? ................................................ 7
APC/AP-Q.17 WHAT IS THE PURPOSE OF A CONSOLIDATED STATEMENT FOR COMPANIES? .................................... 7
APC/AP-Q.18 WHICH OF THE FOLLOWING IS NOT A COMPONENT OF A CONSOLIDATED STATEMENT? ..................... 7
APC/AP-Q.19 WHAT IS THE PRIMARY PURPOSE OF RATIO ANALYSIS? ................................................................ 7
APC/AP-Q.20 WHICH OF THE FOLLOWING IS A TYPE OF PROFITABILITY RATIO? .................................................... 8
APC/AP-Q.21 WHAT DOES THE LIQUIDITY RATIO MEASURE? ............................................................................ 8
APC/AP-Q.22 HOW IS THE QUICK RATIO (QR) CALCULATED? ........................................................................... 8
APC/AP-Q.23 WHICH GROUP OF RATIOS DOES THE GEARING RATIO (GR) BELONG TO? ........................................ 8
APC/AP-Q.24 WHAT DOES SOLVENCY REFER TO? ........................................................................................... 8
APC/AP-Q.25 HOW DOES INSOLVENCY DIFFER FROM BANKRUPTCY? ................................................................. 8
APC/AP-Q.26 WHAT TYPE OF REQUIREMENT IS TAXATION? ............................................................................. 9
APC/AP-Q.27 WHICH OF THE FOLLOWING IS AN EXAMPLE OF A DIRECT TAX ? ...................................................... 9
APC/AP-Q.28 WHAT IS THE PRIMARY PURPOSE OF REVENUE EXPENDITURE ON FIXED ASSETS? ............................... 9
APC/AP-Q.29 WHICH OF THE FOLLOWING IS AN EXAMPLE OF REVENUE EXPENDITURE? ......................................... 9
APC/AP-Q.30 WHAT DOES CAPITAL EXPENDITURE PRIMARILY INVOLVE? ............................................................ 9
APC/AP-Q.31 WHICH OF THE FOLLOWING IS INCLUDED IN THE COST OF ACQUISITION FOR A FIXED ASSET ? ............. 10
APC/AP-Q.32 WHAT IS THE MAIN PURPOSE OF AUDITING? ............................................................................ 10
APC/AP-Q.33 WHO CONDUCTS AN AUDIT? ................................................................................................. 10
APC/AP-Q.34 WHAT DOES AN AUDIT AIM TO PROVIDE?................................................................................ 10
APC/AP-Q.35 WHAT IS THE PRIMARY GOAL OF CREDIT CONTROL? .................................................................. 10
APC/AP-Q.36 WHAT IS REGULARLY MONITORED IN THE CREDIT CONTROL PROCESS? .......................................... 10
APC/AP-Q.37 WHICH OF THE FOLLOWING BEST DESCRIBES PROFITABILITY ? ...................................................... 11
APC/AP-Q.38 WHAT IS THE PRIMARY PURPOSE OF COST ACCOUNTING? ........................................................... 11
APC/AP-Q.39 WHAT IS THE PRIMARY PURPOSE OF MANAGEMENT ACCOUNTS? ................................................. 11
APC/AP-Q.40 HOW OFTEN ARE FINANCIAL ACCOUNTS TYPICALLY ISSUED? ........................................................ 11
APC/AP-Q.41 WHAT WILL BE DONE WITH THE FINANCIAL STATEMENTS FROM THE LAST 3 YEARS? ........................ 11
APC/AP-Q.42 WHAT IS THE PRIMARY PRINCIPLE OF RECORDING FINANCIAL TRANSACTIONS? ............................... 11
APC/AP-Q.43 WHAT HAPPENS WHEN YOU PURCHASE SOMETHING FOR AED 500 IN TERMS OF ASSETS AND LIABILITIES?
12
APC/AP-Q.44 WHAT IS THE PROCESS OF RECORDING JOURNAL ENTRIES INTO THE LEDGER CALLED? ....................... 12

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 APC/AP-Q.45 WHY IS ACCOUNTING KNOWLEDGE USEFUL FOR A CHARTERED SURVEYOR DURING THE TENDERING PROCESS FOR
A PROJECT? 12
APC/AP-Q.46 HOW CAN UNDERSTANDING ACCOUNTING HELP A CHARTERED SURVEYOR IN MANAGING THEIR OWN BUSINESS?
12
APC/AP-Q.47 HOW IS FINANCIAL PERFORMANCE TYPICALLY ASSESSED? ........................................................... 12
APC/AP-Q.48 WHAT IS AN ASSET? ............................................................................................................ 13
APC/AP-Q.49 WHAT IS A LIABILITY? .......................................................................................................... 13
APC/AP-Q.50 WHAT ARE ACCRUALS? ........................................................................................................ 13
APC/AP-Q.51 WHAT DOES BANKRUPTCY REPRESENT? .................................................................................. 13
APC/AP-Q.52 WHAT IS LIQUIDATION? ....................................................................................................... 13
APC/AP-Q.53 WHAT IS INSOLVENCY? ........................................................................................................ 13
APC/AP-Q.54 WHAT IS A CREDIT? ............................................................................................................. 14
APC/AP-Q.55 WHAT IS A DEBIT? .............................................................................................................. 14
APC/AP-Q.56 WHAT DOES THE CAPITAL ACCOUNT REPRESENT? ...................................................................... 14
Section-2 : BUSINESS PLANNING (BP) ....................................................................................................... 15
APC/BP-Q.1 WHICH OF THE FOLLOWING ARE TOOLS OF BUSINESS ANALYSIS THAT PROVIDE INFORMATION ON INTERNAL AND
EXTERNAL THREATS AND OPPORTUNITIES? ........................................................................................................ 15
APC/BP-Q.2 WHAT DOES THE ACRONYM SWOT STAND FOR IN A BUSINESS CONTEXT? ..................................... 15
APC/BP-Q.3 WHAT DOES THE ACRONYM PESTEL STAND FOR IN A BUSINESS CONTEXT? ................................... 15
APC/BP-Q.4 ACCORDING TO THE GIVEN STATEMENT, WHAT IS ONE OF THE FIRST STEPS IN BUSINESS PLANNING? .. 15
APC/BP-Q.5 WHAT IS ONE OF THE INITIAL STEPS IN BUSINESS PLANNING AS MENTIONED IN THE STATEMENT? ...... 15
APC/BP-Q.6 ACCORDING TO THE LIST, WHAT IS A CRUCIAL APPROACH TO SOLIDIFY YOUR BUSINESS IDEAS? .......... 16
APC/BP-Q.7 WHAT ARE THE 3 C'S THAT ARE IMPORTANT IN BUSINESS PLANNING? .......................................... 16
APC/BP-Q.8 WHICH OF THE FOLLOWING FACTORS CAN POTENTIALLY LEAD TO BUSINESS FAILURE? ...................... 16
APC/BP-Q.9 WHICH OF THE FOLLOWING IS NOT LISTED AS A FACTOR CONTRIBUTING TO THE SUCCESS OF A BUSINESS?
16
APC/BP-Q.10 WHICH OF THE FOLLOWING IS NOT A MAJOR ELEMENT OF A BUSINESS PLAN? ............................... 16
APC/BP-Q.11 WHICH OF THE FOLLOWING IS NOT LISTED AS A MAJOR ELEMENT OF A BUSINESS PLAN? ................... 16
APC/BP-Q.12 WHAT IS THE PURPOSE OF BUSINESS PLANNING? ...................................................................... 17
APC/BP-Q.13 WHICH OF THE FOLLOWING ARE THE TYPES OF BUSINESS PLANNING MENTIONED IN THE STATEMENT? 17
APC/BP-Q.14 ACCORDING TO THE STATEMENT, WHICH OF THE FOLLOWING IS NOT CONSIDERED A MAIN LEVEL OF BUSINESS
PLANNING ? 17
APC/BP-Q.15 WHAT IS THE PRIMARY PURPOSE OF STRATEGIC PLANNING AS PER THE STATEMENT? ....................... 17
APC/BP-Q.16 ACCORDING TO THE STATEMENT, WHICH OF THE FOLLOWING BEST DESCRIBES WHAT OBJECTIVES ARE IN A
BUSINESS CONTEXT? ..................................................................................................................................... 17
APC/BP-Q.17 WHICH OF THE FOLLOWING CAN A BUSINESS PLAN BE USED FOR? ................................................ 18
APC/BP-Q.18 WHAT CAN BE CONSIDERED AN IMPLICATION OF HIRING NEW PEOPLE ACCORDING TO THE BUSINESS PLAN?
18
Section-3 : Conflict Avoidance, Management and Dispute Resolution procedures (CA_DR) ........................ 19
CA_DR-Q.1 WHEN CONSIDERING ALTERNATIVE DISPUTE RESOLUTION METHODS, WHICH ONE IS NOT TYPICALLY USED IN
CONSTRUCTION DISPUTES? ............................................................................................................................. 19
CA_DR-Q.2 WHAT IS A CONFLICT?................................................................................................................. 19
CA_DR-Q.3 WHICH OF THE FOLLOWING IS NOT A CHARACTERISTIC OF AN EFFECTIVE CONFLICT AVOIDANCE STRATEGY IN
CONSTRUCTION PROJECTS? ............................................................................................................................ 19
CA_DR-Q.4 IN THE CONTEXT OF CONFLICT RESOLUTION, WHAT DISTINGUISHES A "DISPUTE" FROM A "CONFLICT"? ...... 19
CA_DR-Q.5 WHICH TERM REFERS TO A SITUATION WHERE ONE PARTY USES DELAY TACTICS TO GAIN AN ADVANTAGE IN A
CONSTRUCTION DISPUTE ? .............................................................................................................................. 19
CA_DR-Q.6 IN THE CONTEXT OF DISPUTE RESOLUTION, WHAT IS THE PRIMARY ROLE OF AN EXPERT WITNESS? ............. 20
CA_DR-Q.7 WHAT IS THE PURPOSE OF "ADR" IN THE CONTEXT OF DISPUTE RESOLUTION? ...................................... 20
CA_DR-Q.8 WHICH INTERNATIONAL ORGANIZATION PROVIDES GUIDELINES FOR CONSTRUCTION DISPUTE RESOLUTION
PROCEDURES? 20

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 CA_DR-Q.9 WHICH DISPUTE RESOLUTION METHOD IS KNOWN FOR ITS NON-BINDING NATURE AND FOCUSES ON FACILITATING
COMMUNICATION BETWEEN PARTIES? ............................................................................................................. 20
CA_DR-Q.10 IN THE CONTEXT OF DISPUTE RESOLUTION PROCEDURES, WHAT IS THE PURPOSE OF "WITHOUT PREJUDICE"
COMMUNICATIONS? ..................................................................................................................................... 20
CA_DR-Q.11 WHAT IS THE PRIMARY GOAL OF THE " ADJUDICATION" PROCESS IN CONSTRUCTION DISPUTES? ......... 20
CA_DR-Q.12 IN THE CONTEXT OF CONSTRUCTION DISPUTES, WHAT IS THE PURPOSE OF A "SCOTT SCHEDULE"? ..... 21
CA_DR-Q.13 IN WHAT IS THE KEY DISTINCTION BETWEEN "FACILITATIVE" AND "EVALUATIVE" MEDIATION APPROACHES IN
DISPUTE RESOLUTION? .................................................................................................................................. 21
CA_DR-Q.14 IN INTERNATIONAL CONSTRUCTION CONTRACTS, WHICH CONVENTION GOVERNS THE RECOGNITION AND
ENFORCEMENT OF ARBITRAL AWARDS? ............................................................................................................ 21
CA_DR-Q.15 WHICH DOCUMENT TYPICALLY OUTLINES THE SCOPE OF WORK, RESPONSIBILITIES, AND DISPUTE RESOLUTION
MECHANISMS IN A CONSTRUCTION CONTRACT? ................................................................................................. 21
CA_DR-Q.16 IN CONSTRUCTION DISPUTES, WHAT IS "CONCURRENT DELAY"? .................................................. 21
CA_DR-Q.17 WHICH ORGANIZATION PROVIDES GUIDELINES FOR INTERNATIONAL CONSTRUCTION CONTRACT MANAGEMENT
AND DISPUTE RESOLUTION SPECIFICALLY FOR THE ENGINEERING AND CONSTRUCTION INDUSTRY? ............................... 22
CA_DR-Q.18 WHICH TYPE OF DISPUTE BOARD IS AUTHORIZED TO MAKE A BINDING DECISION ABOUT DISPUTES? ... 22
CA_DR-Q.19 WHICH OF THE FOLLOWING IS NOT A TYPE OF FORMAL MEDIATION STEP, BUT RATHER A GENERAL
DESCRIPTION OF THE MEDIATION PROCESS? ...................................................................................................... 22
CA_DR-Q.20 WHICH OF THE FOLLOWING STATEMENTS ACCURATELY DISTINGUISHES BETWEEN ARBITRATION AND
ADJUDICATION? 22
CA_DR-Q.21 IN CONSTRUCTION ARBITRATION, WHAT ROLE DOES THE "UMPIRE" TYPICALLY PLAY? ...................... 22
CA_DR-Q.22 IN A CONSTRUCTION DISPUTE INVOLVING MULTIPLE PARTIES, WHAT IS THE TERM FOR A PARTY THAT IS NOT
DIRECTLY INVOLVED IN THE DISPUTE BUT HAS A VESTED INTEREST IN ITS OUTCOME ? ................................................. 23
CA_DR-Q.23 IN COMPLEX CONSTRUCTION DISPUTES, WHAT IS THE PRIMARY PURPOSE OF A "DISPUTE REVIEW EXPERT"
(DRE)? 23
CA_DR-Q.24 WHAT IS THE PRIMARY PURPOSE OF A POWER OF ATTORNEY (POA)? .......................................... 23
CA_DR-Q.25 WHAT IS THE PRIMARY ADVANTAGE OF USING NEUTRAL FACT-FINDING IN CONSTRUCTION DISPUTES AS
COMPARED TO LITIGATION? ........................................................................................................................... 23
CA_DR-Q.26 WHICH DISPUTE RESOLUTION METHOD IS CHARACTERIZED BY A BINDING DECISION MADE BY
A PANEL OF EXPERTS WHO ARE OFTEN EXPERIENCED IN THE SUBJECT MATTER OF THE DISPUTE? .......... 23
CA_DR-Q.27 WHICH DISPUTE RESOLUTION METHOD IS CHARACTERIZED BY A BINDING DECISION MADE BY
A PANEL OF EXPERTS WHO ARE OFTEN EXPERIENCED IN THE SUBJECT MATTER OF THE DISPUTE? .......... 24
CA_DR-Q.28 IN THE CONTEXT OF CONSTRUCTION DISPUTES, WHAT IS THE "ZONE OF POSSIBLE AGREEMENT" (ZOPA)?
24
CA_DR-Q.29 WHICH DISPUTE RESOLUTION METHOD IS CHARACTERIZED BY A BINDING DECISION MADE BY A PANEL OF
EXPERTS WHO ARE OFTEN EXPERIENCED IN THE SUBJECT MATTER OF THE DISPUTE ? .................................................. 24
CA_DR-Q.30 WHAT IS THE MAIN DIFFERENCE BETWEEN THE DISPUTE RESOLUTION PROCESS IN FIDIC 1999 AND FIDIC
2017? 24
SECTION-4 : DATA MANAGEMENT .............................................................................................................. 25
DM-Q.1 ABCDEF? .................................................................................................................................. 25
SECTION-5 : SUSTAINABILITY ...................................................................................................................... 25
ST-Q.1 ABCDEF? .................................................................................................................................. 25
SECTION-6 : TEAM WORKING ..................................................................................................................... 25
TW-Q.1 ABCDEF? .................................................................................................................................. 25
SECTION-7 : CLIENT CARE ........................................................................................................................... 25
CC-Q.1 ABCDEF? .................................................................................................................................. 25
SECTION-8 : COMMUNICATION AND NEGOTIATION .................................................................................... 25
CN-Q.1 ABCDEF? .................................................................................................................................. 25
SECTION-9 : HEALTH AND SAFETY ............................................................................................................... 26
CN-Q.2 ABCDEF? .................................................................................................................................. 26
SECTION-10 : DESIGN ECONOMICS AND COST PLANNING ............................................................................. 26

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 CP-Q.1 ABCDEF? .................................................................................................................................. 26
SECTION-11 : RISK MANAGEMENT ............................................................................................................... 26
RM-Q.1 ABCDEF? .................................................................................................................................. 26
SECTION-12 : COMMERCIAL MANAGEMENT IN CONSTRUCTION ................................................................... 26
CM-Q.1 ABCDEF? .................................................................................................................................. 26
SECTION-13 : CONTRACT PRACTICE .............................................................................................................. 26
CP-Q.1 ABCDEF? .................................................................................................................................. 26
SECTION-14 : CONSTRUCTION TECHNOLOGY ................................................................................................ 26
CT-Q.1 ABCDEF? .................................................................................................................................. 26
SECTION-15 : PROCUREMENT AND TENDERING ............................................................................................ 27
PT-Q.1 ABCDEF? .................................................................................................................................. 27
SECTION-16 : PROJECT FINANCIAL CONTROL AND REPORTING ...................................................................... 27
ET-Q.1 ABCDEF? .................................................................................................................................. 27
Section-17 : QUANTIFICATION AND COSTING OF CONSTRUCTION WORKS................................................... 27
QC-Q.1 ABCDEF? .................................................................................................................................. 27
Section-18 : CONDUCT, RULES, ETHICS, AND PROFESSIONAL PRACTICE ....................................................... 27
ET-Q.1 ABCDEF? .................................................................................................................................. 27

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 Section-1 : ACCOUNTING PRINCIPLES (AP)

APC/AP-Q.1 WHAT DOES THE BALANCE SHEET REPORT ON?

a) Assets and liabilities
b) Revenues and expenses
c) Cash inflows and outflows
d) Changes in owner's equity
Answer: Assets and liabilities

APC/AP-Q.2 WHICH OF THE FOLLOWING IS AN EXAMPLE OF AN INTANGIBLE ASSET?

a) Buildings
b) Equipment
c) Goodwill
d) Land
Answer: Goodwill

APC/AP-Q.3 WHAT TYPE OF LIABILITY IS INCLUDED IN A TYPICAL BALANCE SHEET?

a) Accounts payable
b) Retained earnings
c) Common stock
d) Accumulated depreciation
Answer: Accounts Payable

APC/AP-Q.4 WHAT IS THE MAIN PURPOSE OF THE PROFIT AND LOSS ACCOUNT?
a) To report the financial position
b) To provide the net income of a business
c) To track cash inflows and outflows
d) To calculate changes in owner's equity
Answer: To provide the net income of a business

APC/AP-Q.5 HOW IS THE NET INCOME CALCULATED IN THE PROFIT AND LOSS ACCOUNT?
a) Adding expenses to revenue
b) Dividing revenue by expenses
c) Subtracting expenses from revenue
d) Multiplying revenue by expenses
Answer: Subtracting expenses from revenue

APC/AP-Q.6 WHAT IS THE MAIN PURPOSE OF A CASH FLOW STATEMENT ?

a) To assess a company's liquidity
b) To calculate net income
c) To report on assets and liabilities
d) To track changes in equity
Answer: To assess a company’s liquidity

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APC/AP-Q.7 CASH INFLOWS USUALLY ARISE FROM WHICH THREE ACTIVITIES?
a) Financing, operations, and investing
b) Assets, liabilities, and equity
c) Revenues, expenses, and dividends
d) Gross profit, net profit, and retained earnings
Answer: Financing, operations, and investing

APC/AP-Q.8 WHAT INFORMATION DOES THE CASH FLOW STATEMENT PROVIDE ABOUT EACH LINE ITEM?
a) Whether it is a cash in-flow or cash out-flow
b) The percentage change in value
c) The depreciation method used
d) The net realizable value
Answer: Whether it is a cash in-flow or cash out-flow

APC/AP-Q.9 WHAT DOES THE DIFFERENCE BETWEEN INCOME AND EXPENDITURE SHOW IN A FINANCIAL REPORT?
a) Assets and liabilities
b) Cash inflows and outflows
c) Profit or loss of a company
d) Changes in owner's equity
Answer: Profit or loss of a company

APC/AP-Q.10 WHAT INFORMATION DOES A BALANCE SHEET PROVIDE?

a) Net income of a business
b) Cash generated and used over a period
c) Assets and liabilities at a given point in time
d) Revenue and expense streams over a given period
Answer: Assets and liabilities at a given point in time

APC/AP-Q.11 WHAT DOES A STATEMENT OF COMPREHENSIVE INCOME SHOW?

a) Assets and liabilities
b) Cash inflows and outflows
c) Income, expenditures, profit, and loss
d) Financing, operations, and investing activities
Answer: Income, expenditures, profit, and loss

APC/AP-Q.12 WHAT INFORMATION DOES THE STATEMENT OF FINANCIAL POSITION PROVIDE ?

a) Net income of a business
b) Cash generated and used over a period
c) Assets and liabilities at a given point in time
d) Revenue and expense streams over a given period
Answer: Assets and liabilities at a given point in time

APC/AP-Q.13 WHAT IS THE PRIMARY PURPOSE OF ACCOUNTING PRINCIPLES ?

a) To provide a globally accepted common method of accounting
b) To control the behavior of professional accountants
c) To measure the quantities in construction projects

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 d) To evaluate the marketing strategies of businesses
Answer: To provide a globally accepted
common method of accounting

APC/AP-Q.14 WHICH ORGANIZATION ISSUES INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS)?

a) The IFRS Foundation and the International Accounting Standards Board (IASB)
b) The Generally Accepted Accounting Principles (GAAP) Committee
c) The International Organization for Standardization (ISO)
d) The Financial Accounting Standards Board (FASB)
Answer: The IFRS Foundation and the International
Accounting Standards Board (IASB)

APC/AP-Q.15 HOW DOES A PRINCIPLE DIFFER FROM A RULE IN TERMS OF MOTIVATION AND GUIDANCE?
a) A principle is externally imposed, while a rule is internally motivated
b) A principle is based on research, while a rule is based on patterns
c) A principle internally motivates individuals to do what seems good and right, while a rule
externally compels them through force, threat, or punishment
d) Principles and rules are the same in terms of motivation and guidance
Answer: A principle internally motivates individuals to do
what seems good and right, while a rule externally
compels them through force, threat, or punishment

APC/AP-Q.16 WHY ARE ACCOUNTING STATEMENTS IMPORTANT FOR AN ENTITY?

a) To assess financial capacity, current and long-term assets, and liabilities
b) To determine the number of employees in the organization
c) To evaluate the effectiveness of marketing strategies
d) To measure the overall customer satisfaction level
Answer: To assess financial capacity, current
and long-term assets, and liabilities

APC/AP-Q.17 WHAT IS THE PURPOSE OF A CONSOLIDATED STATEMENT FOR COMPANIES?

a) To assess their financial strength
b) To evaluate their marketing strategies
c) To determine employee satisfaction levels
d) To measure customer engagement
Answer: To assess their financial strength

APC/AP-Q.18 WHICH OF THE FOLLOWING IS NOT A COMPONENT OF A CONSOLIDATED STATEMENT?

a) Auditor's report
b) Profit and loss account
c) Employee performance reviews
d) Cash flow
Answer: Employee performance reviews

APC/AP-Q.19 WHAT IS THE PRIMARY PURPOSE OF RATIO ANALYSIS ?

a) To analyze a company's marketing strategies

Page 7 of 27
 b) To evaluate employee performance
c) To analyze the performance of a company using published accounts
d) To measure customer satisfaction
Answer: To analyze the performance of a
company using published accounts

APC/AP-Q.20 WHICH OF THE FOLLOWING IS A TYPE OF PROFITABILITY RATIO?

a) Gearing ratio
b) Return on Investment ratio
c) Current ratio
d) Quick ratio
Answer: Return on Investment ratio

APC/AP-Q.21 WHAT DOES THE LIQUIDITY RATIO MEASURE?

a) A company's ability to generate profits
b) A company's ability to meet its short-term financial obligations
c) A company's long-term financial stability
d) A company's efficiency in managing its investments
Answer: A company's ability to meet its
short-term financial obligations

APC/AP-Q.22 HOW IS THE QUICK RATIO (QR) CALCULATED ?

a) Current Assets / Current Liabilities
b) Long Term Liabilities / Equity Shareholders' Funds
c) Current Assets - Stock (inventory) / Current Liabilities
d) Net profit / Average Stakeholders' Equity
Answer: Current Assets - Stock (inventory) / Current Liabilities

APC/AP-Q.23 WHICH GROUP OF RATIOS DOES THE GEARING RATIO (GR) BELONG TO?
a) Profitability Ratios
b) Liquidity Ratios
c) Solvency Ratios
d) Efficiency Ratios
Answer: Solvency Ratios

APC/AP-Q.24 WHAT DOES SOLVENCY REFER TO?

a) The ability of an entity to pay its debt in time
b) The inability of an entity to pay its debt when they fall due
c) The determination of the court of law to resolve insolvency
d) A type of financial ratio used to analyze a company's performance

Answer: The ability of an entity to pay its debt in time

APC/AP-Q.25 HOW DOES INSOLVENCY DIFFER FROM BANKRUPTCY?

a) Insolvency is a synonym for bankruptcy

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 b) Insolvency is the ability to pay debts, while bankruptcy is the inability
c) Insolvency is the inability of an entity to pay its debt when they fall due, whereas bankruptcy is
the determination of the court of law with resulting legal orders to resolve the insolvency
d) Bankruptcy is a type of financial ratio, while insolvency is a legal status

Answer: Insolvency is the inability of an entity to pay

its debt when they fall due, whereas bankruptcy is
the determination of the court of law with resulting
legal orders to resolve the insolvency

APC/AP-Q.26 WHAT TYPE OF REQUIREMENT IS TAXATION?

a) Accounting
b) Regulatory
c) Advisory
d) Management
Answer: Regulatory

APC/AP-Q.27 WHICH OF THE FOLLOWING IS AN EXAMPLE OF A DIRECT TAX?

a) Income tax
b) Sales tax
c) Value-added tax (VAT)
d) Employment tax
Answer: Income tax

APC/AP-Q.28 WHAT IS THE PRIMARY PURPOSE OF REVENUE EXPENDITURE ON FIXED ASSETS?

a) Enhancing the earning capacity
b) Maintaining the earning capacity
c) Replacing the asset
d) Upgrading the asset
Answer: Maintaining the earning capacity

APC/AP-Q.29 WHICH OF THE FOLLOWING IS AN EXAMPLE OF REVENUE EXPENDITURE ?

a) Repair expenses
b) Purchase of machinery
c) Upgrading a building
d) Installation costs
Answer: Repair expenses

APC/AP-Q.30 WHAT DOES CAPITAL EXPENDITURE PRIMARILY INVOLVE?

a) Regular maintenance costs
b) Acquisition of fixed assets and enhancing their earning capacity
c) Costs incurred on a short-term basis
d) Repair and renewal expenses
Answer: b) Acquisition of fixed assets and
enhancing their earning capacity

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APC/AP-Q.31 WHICH OF THE FOLLOWING IS INCLUDED IN THE COST OF ACQUISITION FOR A FIXED ASSET?
a) Delivery costs
b) Maintenance costs
c) Regular repair costs
d) Short-term renewal expenses
Answer: Delivery costs

APC/AP-Q.32 WHAT IS THE MAIN PURPOSE OF AUDITING?

a) To create financial statements
b) To ensure that the money is spent correctly
c) To analyze management decisions
d) To set organizational goals
Answer: To ensure that the
money is spent correctly

APC/AP-Q.33 WHO CONDUCTS AN AUDIT?

a) Business owners
b) Government officials
c) Auditors or accountants
d) Financial advisors
Answer: Auditors or accountants

APC/AP-Q.34 WHAT DOES AN AUDIT AIM TO PROVIDE?

a) Absolute assurance of no errors
b) Reasonable assurance that statements are free from material error
c) A comprehensive list of all financial transactions
d) A detailed analysis of the organization's structure
Answer: Reasonable assurance that
statements are free from material error

APC/AP-Q.35 WHAT IS THE PRIMARY GOAL OF CREDIT CONTROL?

a) To increase sales revenue by managing credit extended to customers
b) To decrease the credit limit for all customers
c) To prevent the use of credit cards
d) To eliminate the need for credit in transactions
Answer: To increase sales revenue by
managing credit extended to customers.

APC/AP-Q.36 WHAT IS REGULARLY MONITORED IN THE CREDIT CONTROL PROCESS ?

a) The credit limit of an individual or entity
b) The total revenue generated by the company
c) The number of credit cards issued
d) The financial behavior of all customers regardless of their credit status

Answer: The credit limit of an individual or entity

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APC/AP-Q.37 WHICH OF THE FOLLOWING BEST DESCRIBES PROFITABILITY?
a) The amount of debt an entity has
b) The ability of an entity to generate or earn profit
c) The ability of an entity to reduce expenses
d) The amount of investments an entity makes
Answer: b) The ability of an entity to generate or earn profit

APC/AP-Q.38 WHAT IS THE PRIMARY PURPOSE OF COST ACCOUNTING ?

a) To determine the selling price of goods and services
b) To identify resources consumed and their respective direct and indirect costs in the production
process
c) To calculate a company's profit margin
d) To analyze the expenses of a company

Answer: b) To identify resources consumed and

their respective direct and indirect costs in the
production process

APC/AP-Q.39 WHAT IS THE PRIMARY PURPOSE OF MANAGEMENT ACCOUNTS ?

a) For internal use by the management team

b) For use by shareholders and the general public
c) For legal requirements and auditing purposes
d) To calculate a company's profit margin
Answer: a) For internal use by the management team

APC/AP-Q.40 HOW OFTEN ARE FINANCIAL ACCOUNTS TYPICALLY ISSUED?

a) Daily
b) Weekly
c) Monthly
d) Quarterly or yearly
Answer: d) Quarterly or yearly

APC/AP-Q.41 WHAT WILL BE DONE WITH THE FINANCIAL STATEMENTS FROM THE LAST 3 YEARS?

a) Calculate the company's profit margin

b) Perform a ratio analysis and prepare a Performance Evaluation Sheet
c) Analyze the company's expenses
d) Determine the selling price of goods and services
Answer: b) Perform a ratio analysis and prepare
a Performance Evaluation Sheet

APC/AP-Q.42 WHAT IS THE PRIMARY PRINCIPLE OF RECORDING FINANCIAL TRANSACTIONS?

a) Transactions should be recorded in a single place

b) Total credits and debits should be equal

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 c) Credits should always be greater than debits
d) Debits should always be greater than credits
Answer: b) Total credits and debits should be equal

APC/AP-Q.43 WHAT HAPPENS WHEN YOU PURCHASE SOMETHING FOR AED 500 IN TERMS OF ASSETS AND
LIABILITIES?
a) Assets increase by 500, and liabilities increase by 500
b) Assets decrease by 500, and liabilities decrease by 500
c) Assets decrease by 500, and stock increases by 500
d) Liabilities decrease by 500, and stock decreases by 500
Answer: c) Assets decrease by 500, and
stock increases by 500

APC/AP-Q.44 WHAT IS THE PROCESS OF RECORDING JOURNAL ENTRIES INTO THE LEDGER CALLED ?
a) Journalizing
b) Posting
c) Balancing
d) Summarizing
Answer: b) Posting

APC/AP-Q.45 WHY IS ACCOUNTING KNOWLEDGE USEFUL FOR A CHARTERED SURVEYOR DURING THE TENDERING
PROCESS FOR A PROJECT ?
a) To assess the financial strength of the contractor
b) To determine the selling price of goods and services
c) To calculate the company's profit margin
d) To analyze the expenses of a company
Answer: a) To assess the financial strength
of the contractor

APC/AP-Q.46 HOW CAN UNDERSTANDING ACCOUNTING HELP A CHARTERED SURVEYOR IN MANAGING THEIR OWN
BUSINESS?
a) By appraising contractor's pre-qualifications
b) By making better decisions and assessing the direction of the business
c) By evaluating the company's expenses
d) By calculating the company's profit margin
Answer: b) By making better decisions and
Assessing the direction of the business

APC/AP-Q.47 HOW IS FINANCIAL PERFORMANCE TYPICALLY ASSESSED?

a) By comparing income and expenditure over a week
b) By comparing income and expenditure over a month
c) By comparing income and expenditure over a year
d) By comparing income and expenditure over a day

Answer: c) By comparing income and

expenditure over a year

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APC/AP-Q.48 WHAT IS AN ASSET?
a) An obligation arising from a past event
b) A sum received
c) A sum owed
d) Something that will result in future economic benefit due to a past event
Answer: d) Something that will result in future
economic benefit due to a past event

APC/AP-Q.49 WHAT IS A LIABILITY?

a) An obligation arising from a past event
b) A sum received
c) A sum owed
d) Something that will result in future economic benefit due to a past event

Answer: a) An obligation arising from a past event

APC/AP-Q.50 WHAT ARE ACCRUALS?

a) Revenues earned or expenses incurred but not yet recorded in the accounts
b) Formal legal procedure towards legal protection from creditors
c) A company's inability to pay its creditors on time
d) An entry recording a sum received
Answer: a) Revenues earned or expenses incurred
but not yet recorded in the accounts

APC/AP-Q.51 WHAT DOES BANKRUPTCY REPRESENT?

a) A company's inability to pay its creditors on time
b) Formal legal procedure towards legal protection from creditors
c) A company in serious financial difficulties attempting to escape
d) An entry recording a sum received
Answer: b) Formal legal procedure towards
legal protection from creditors

APC/AP-Q.52 WHAT IS LIQUIDATION?

a) A company's inability to pay its creditors on time
b) Formal legal procedure towards legal protection from creditors
c) A company in serious financial difficulties to pay its creditors, want to close the business
d) An entry recording a sum received
Answer: c) A company in serious financial difficulties
to pay its creditors, want to close the business
APC/AP-Q.53 WHAT IS INSOLVENCY ?
a) A company's inability to pay its creditors on time
b) Formal legal procedure towards legal protection from creditors
c) A company in serious financial difficulties attempting to escape
d) An entry recording a sum received

Answer: a) A company's inability to pay its creditors on time

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APC/AP-Q.54 WHAT IS A CREDIT?
a) An obligation arising from a past event
b) An entry recording a sum received
c) A sum owed
d) Something that will result in future economic benefit due to a past event

Answer: b) An entry recording a sum received

APC/AP-Q.55 WHAT IS A DEBIT?

a) An obligation arising from a past event
b) A sum received
c) An entry recording a sum owed
d) Something that will result in future economic benefit due to a past event

Answer: c) An entry recording a sum owed

APC/AP-Q.56 WHAT DOES THE CAPITAL ACCOUNT REPRESENT?

a) What the owner contributes to the entity
b) A company's inability to pay its creditors on time
c) A company in serious financial difficulties attempting to escape
d) An entry recording a sum received

Answer: a) What the owner contributes to the entity

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 Section-2 : BUSINESS PLANNING (BP)

APC/BP-Q.1 WHICH OF THE FOLLOWING ARE TOOLS OF BUSINESS ANALYSIS THAT PROVIDE INFORMATION ON
INTERNAL AND EXTERNAL THREATS AND OPPORTUNITIES ?
a) SWOT and PESTEL
b) SWOT and SMART
c) PESTEL and SMART
d) PESTEL and STEEPLE
Answer: A) SWOT and PESTEL

APC/BP-Q.2 WHAT DOES THE ACRONYM SWOT STAND FOR IN A BUSINESS CONTEXT?
a) Sectors, Workers, Opportunities, Technologies
b) Strengths, Weaknesses, Opportunities, Threats
c) Sales, Wages, Occupations, Territories
d) Strategies, Workforces, Operations, Timelines
Answer: B) Strengths, Weaknesses,
Opportunities, Threats

APC/BP-Q.3 WHAT DOES THE ACRONYM PESTEL STAND FOR IN A BUSINESS CONTEXT?
a) Production, Earnings, Systems, Technology, Evaluation, Logistics
b) Political, Economic, Social, Technological, Environmental, Legal
c) Planning, Execution, Strategy, Tactics, Evaluation, Learning
d) Potential, Efficiency, Strengths, Threats, Evolution, Leadership

Answer: B) Political, Economic, Social, Technological

Environmental, Legal

APC/BP-Q.4 ACCORDING TO THE GIVEN STATEMENT, WHAT IS ONE OF THE FIRST STEPS IN BUSINESS PLANNING ?
a) Conducting a job interview
b) Being clear about your business strategy (Vision / mission / goals)
c) Purchasing office supplies
d) Launching the business
ANSWER: B) Being clear about your business
strategy (Vision / mission / goals)

APC/BP-Q.5 WHAT IS ONE OF THE INITIAL STEPS IN BUSINESS PLANNING AS MENTIONED IN THE STATEMENT?
a) Purchasing office equipment
b) Hiring a marketing team
c) Conducting market research
d) Launching a marketing campaign
Answer: C) Conducting market research

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APC/BP-Q.6 ACCORDING TO THE LIST, WHAT IS A CRUCIAL APPROACH TO SOLIDIFY YOUR BUSINESS IDEAS?
a) Buy a business
b) Prepare a business plan
c) Lease a business
d) Implement your ideas immediately
Answer: B) Prepare a business plan

APC/BP-Q.7 WHAT ARE THE 3 C'S THAT ARE IMPORTANT IN BUSINESS PLANNING ?
a) Concept, Customer Care, Capital/Cash
b) Communication, Cooperation, Competition
c) Cost, Choice, Convenience
d) Control, Coordination, Compliance
Answer: A) Concept, Customers Care, Capital/Cash

APC/BP-Q.8 WHICH OF THE FOLLOWING FACTORS CAN POTENTIALLY LEAD TO BUSINESS FAILURE?
a) Managerial competence and experience
b) Productive behaviors
c) Strong control systems
d) Managerial incompetence or inexperience
Answer: D) Managerial incompetence or Inexperience

APC/BP-Q.9 WHICH OF THE FOLLOWING IS NOT LISTED AS A FACTOR CONTRIBUTING TO THE SUCCESS OF A
BUSINESS?
a) Market demand for the products/services
b) Managerial incompetence
c) Hard work, drive, and dedication
d) Luck
Answer: B. Managerial incompetence

APC/BP-Q.10 WHICH OF THE FOLLOWING IS NOT A MAJOR ELEMENT OF A BUSINESS PLAN?

a) SWOT analysis
b) Competitors analysis
c) List of personal hobbies
d) Marketing plan
Answer: C. List of personal hobbies

APC/BP-Q.11 WHICH OF THE FOLLOWING IS NOT LISTED AS A MAJOR ELEMENT OF A BUSINESS PLAN?
a) SWOT analysis
b) Customer testimonials
c) Market analysis
d) Financials
Answer: B) Customer testimonials

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APC/BP-Q.12 WHAT IS THE PURPOSE OF BUSINESS PLANNING?
a) To set business goals and explain how they will be met
b) To explain the company's mission statement
c) To list all the products and services offered by the company
d) To provide a detailed analysis of the competitors

Answer: A) To set business goals and explain

how they will be met

APC/BP-Q.13 WHICH OF THE FOLLOWING ARE THE TYPES OF BUSINESS PLANNING MENTIONED IN THE STATEMENT?
a) Tactical and Strategic Planning
b) Short Term and Long Term Business Planning
c) Financial and Operational Planning
d) Contingency and Succession Planning
Answer: B. Short Term and Long Term
Business Planning

APC/BP-Q.14 ACCORDING TO THE STATEMENT, WHICH OF THE FOLLOWING IS NOT CONSIDERED A MAIN LEVEL OF
BUSINESS PLANNING ?
a) Vision
b) Budgeting
c) Goals
d) Support System
Answer: B. Budgeting

APC/BP-Q.15 WHAT IS THE PRIMARY PURPOSE OF STRATEGIC PLANNING AS PER THE STATEMENT?
a) To define a business's marketing techniques
b) To define a business's strategy
c) To define a business's financial goals
d) To define a business's operational processes
Answer: B. To define a business's strategy

APC/BP-Q.16 ACCORDING TO THE STATEMENT, WHICH OF THE FOLLOWING BEST DESCRIBES WHAT OBJECTIVES ARE IN
A BUSINESS CONTEXT?
a) They are the same as the business's vision
b) They are the milestones on the path to achieving the business's vision
c) They are the financial targets of the business
d) They are the strategies used to reach the business's vision

Answer: B. They are the milestones on the path

to achieving the business's vision

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APC/BP-Q.17 WHICH OF THE FOLLOWING CAN A BUSINESS PLAN BE USED FOR?
a) Setting targets for new alliances
b) Buying groceries
c) Planning a vacation
d) Decorating a house
Answer: A) Setting targets for new alliances

APC/BP-Q.18 WHAT CAN BE CONSIDERED AN IMPLICATION OF HIRING NEW PEOPLE ACCORDING TO THE BUSINESS
PLAN?
a) Reducing fixed costs
b) Increasing risk due to new fixed costs
c) Decreasing business efficiency
d) Eliminating the need for a business plan
Answer: B) Increasing risk due to new fixed costs

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Section-3 : Conflict Avoidance, Management and Dispute Resolution procedures
(CA_DR)

CA_DR-Q.1 WHEN CONSIDERING ALTERNATIVE DISPUTE RESOLUTION METHODS, WHICH ONE IS NOT TYPICALLY
USED IN CONSTRUCTION DISPUTES?
a) Mediation
b) Adjudication
c) Arbitration
d) Litigation
Answer: Litigation

CA_DR-Q.2 WHAT IS A CONFLICT?

a) A friendly conversation between two parties.
b) A situation in which two or more individuals, groups or entities involve in a serious
disagreement or argument.
c) A professional meeting between stakeholders.
d) A leisurely activity between friends.

Answer: A situation in which two or more individuals, groups or

entities involve in a serious disagreement or argument.

CA_DR-Q.3 WHICH OF THE FOLLOWING IS NOT A CHARACTERISTIC OF AN EFFECTIVE CONFLICT AVOIDANCE

STRATEGY IN CONSTRUCTION PROJECTS ?
a) Regular project meetings
b) Open communication channels
c) Withholding information from stakeholders
d) Early warning systems
Answer: Withholding information from stakeholders

CA_DR-Q.4 IN THE CONTEXT OF CONFLICT RESOLUTION, WHAT DISTINGUISHES A "DISPUTE" FROM A "CONFLICT"?
a) A dispute involves multiple parties, while a conflict involves only two parties.
b) A dispute is a fundamental disagreement, whereas a conflict is a possible outcome.
c) A dispute arises when a conflict becomes an altercation.
d) A dispute can exist without a conflict, but a conflict cannot exist without a dispute.
Answer: A dispute can exist without a conflict, but
a conflict cannot exist without a dispute.

CA_DR-Q.5 WHICH TERM REFERS TO A SITUATION WHERE ONE PARTY USES DELAY TACTICS TO GAIN AN ADVANTAGE
IN A CONSTRUCTION DISPUTE?
a) Trench warfare
b) Proactive negotiation
c) Stalemate
d) Adversarial delay

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 Answer: Adversarial delay

CA_DR-Q.6 IN THE CONTEXT OF DISPUTE RESOLUTION, WHAT IS THE PRIMARY ROLE OF AN EXPERT WITNESS ?
a) To represent the interests of one party
b) To provide an unbiased opinion based on their expertise
c) To make legally binding decisions
d) To facilitate mediation sessions
Answer: To provide an unbiased opinion based on their expertise

CA_DR-Q.7 WHAT IS THE PURPOSE OF "ADR" IN THE CONTEXT OF DISPUTE RESOLUTION?

a) Alternative Dispute Resolution
b) Adverse Decision Rendering
c) Arbitration and Dispute Resolution
d) Appellate Dispute Resolution
Answer: a) Alternative Dispute Resolution

CA_DR-Q.8 WHICH INTERNATIONAL ORGANIZATION PROVIDES GUIDELINES FOR CONSTRUCTION DISPUTE

RESOLUTION PROCEDURES?
a) United Nations
b) World Bank
c) International Chamber of Commerce (ICC)
d) World Trade Organization (WTO)
Answer: International Chamber of Commerce (ICC)

CA_DR-Q.9 WHICH DISPUTE RESOLUTION METHOD IS KNOWN FOR ITS NON-BINDING NATURE AND FOCUSES ON
FACILITATING COMMUNICATION BETWEEN PARTIES?
a) Arbitration
b) Mediation
c) Litigation
d) Conciliation
Answer: Mediation
CA_DR-Q.10 IN THE CONTEXT OF DISPUTE RESOLUTION PROCEDURES, WHAT IS THE PURPOSE OF "WITHOUT
PREJUDICE " COMMUNICATIONS?
a) To create a legally binding agreement
b) To maintain confidentiality and encourage settlement discussions
c) To publicly disclose all information related to the dispute
d) To expedite the arbitration process
Answer: To maintain confidentiality and
encourage settlement discussions

CA_DR-Q.11 WHAT IS THE PRIMARY GOAL OF THE "ADJUDICATION" PROCESS IN CONSTRUCTION DISPUTES?
a) To provide a forum for mediation
b) To render a legally binding decision quickly

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 c) To facilitate negotiations between parties
d) To establish a long-term dispute resolution framework
Answer: To render a legally binding decision quickly

CA_DR-Q.12 IN THE CONTEXT OF CONSTRUCTION DISPUTES, WHAT IS THE PURPOSE OF A "SCOTT SCHEDULE"?
a) To allocate project resources
b) To establish a timeline for the project
c) To itemize and quantify alleged defects or delays
d) To assess the quality of workmanship
Answer: To itemize and quantify alleged defects or delays

CA_DR-Q.13 IN WHAT IS THE KEY DISTINCTION BETWEEN "FACILITATIVE" AND "EVALUATIVE" MEDIATION
APPROACHES IN DISPUTE RESOLUTION ?
a) The length of time required for resolution
b) The involvement of expert witnesses
c) The mediator's role in offering opinions
d) The availability of legal counsel
Answer: The mediator's role in offering opinions

CA_DR-Q.14 IN INTERNATIONAL CONSTRUCTION CONTRACTS, WHICH CONVENTION GOVERNS THE RECOGNITION AND
ENFORCEMENT OF ARBITRAL AWARDS?
a) The New York Convention
b) Geneva Convention
c) Hague Convention
d) Vienna Convention
Answer: The New York Convention

CA_DR-Q.15 WHICH DOCUMENT TYPICALLY OUTLINES THE SCOPE OF WORK, RESPONSIBILITIES, AND DISPUTE
RESOLUTION MECHANISMS IN A CONSTRUCTION CONTRACT?
a) Bill of Quantities
b) Request for Proposal (RFP)
c) Memorandum of Understanding (MOU)
d) Conditions of Contract
Answer: Conditions of Contract

CA_DR-Q.16 IN CONSTRUCTION DISPUTES, WHAT IS "CONCURRENT DELAY"?

a) A delay caused solely by one party
b) Delays that occur simultaneously on multiple projects
c) Delays that result from unforeseen circumstances
d) Delays caused by both parties
Answer: Delays caused by both parties

Page 21 of 27
CA_DR-Q.17 WHICH ORGANIZATION PROVIDES GUIDELINES FOR INTERNATIONAL CONSTRUCTION CONTRACT
MANAGEMENT AND DISPUTE RESOLUTION SPECIFICALLY FOR THE ENGINEERING AND CONSTRUCTION INDUSTRY ?
a) International Federation of Consulting Engineers (FIDIC)
b) American Institute of Architects (AIA)
c) Institution of Civil Engineers (ICE)
d) National Institute of Standards and Technology (NIST)
Answer: International Federation of Consulting
Engineers (FIDIC)

CA_DR-Q.18 WHICH TYPE OF DISPUTE BOARD IS AUTHORIZED TO MAKE A BINDING DECISION ABOUT DISPUTES?
a) Dispute review boards (DRB)
b) Dispute adjudication boards (DAB)
c) Combined dispute boards (CDB)
d) Dispute Resolution Advisor
Answer: Dispute adjudication boards (DAB)

CA_DR-Q.19 WHICH OF THE FOLLOWING IS NOT A TYPE OF FORMAL MEDIATION STEP, BUT RATHER A GENERAL
DESCRIPTION OF THE MEDIATION PROCESS?
a) Introductory remarks
b) Statement of the problem by the parties
c) Information gathering time
d) Identification of the problems
Answer: Identification of the problems

CA_DR-Q.20 WHICH OF THE FOLLOWING STATEMENTS ACCURATELY DISTINGUISHES BETWEEN ARBITRATION AND
ADJUDICATION?
a) Adjudication is legally enforceable in many jurisdictions, while arbitration is not legally
recognized in the UAE.
b) Adjudication is a statutory procedure with a fixed time frame, while arbitration does not have a
specific time limit.
c) Adjudication is a non-binding process, while arbitration results in legally binding awards.
d) Adjudication is a worldwide recognized dispute resolution method, while arbitration is only
applicable in the UK under HGCRA 1996.
Answer: Adjudication is a non-binding process, while
Arbitration results in legally binding awards.

CA_DR-Q.21 IN CONSTRUCTION ARBITRATION, WHAT ROLE DOES THE "UMPIRE" TYPICALLY PLAY?
a) The final decision-maker
b) A neutral mediator
c) An expert witness
d) A legal advisor

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 Answer: The final decision-maker

CA_DR-Q.22 IN A CONSTRUCTION DISPUTE INVOLVING MULTIPLE PARTIES, WHAT IS THE TERM FOR A PARTY THAT IS
NOT DIRECTLY INVOLVED IN THE DISPUTE BUT HAS A VESTED INTEREST IN ITS OUTCOME ?

a) Intervening Party
b) Secondary Stakeholder
c) Amicus Curiae
d) Ancillary Claimant
Answer: Amicus Curiae

CA_DR-Q.23 IN COMPLEX CONSTRUCTION DISPUTES, WHAT IS THE PRIMARY PURPOSE OF A "DISPUTE REVIEW
EXPERT" (DRE)?
a) To provide expert testimony in court
b) To issue legally binding decisions
c) To review and provide recommendations on disputes as they arise
d) To oversee project management activities
Answer: To review and provide recommendations
on disputes as they arise

CA_DR-Q.24 WHAT IS THE PRIMARY PURPOSE OF A POWER OF ATTORNEY (POA)?

a) To transfer ownership of property from the principal to the agent.

b) To grant the agent the authority to act on behalf of the principal within a specified scope.
c) To resolve disputes between the principal and the agent.
d) To provide financial support to the agent.
Answer: To grant the agent the authority to act on behalf
of the principal within a specified scope..

CA_DR-Q.25 WHAT IS THE PRIMARY ADVANTAGE OF USING NEUTRAL FACT-FINDING IN CONSTRUCTION DISPUTES AS
COMPARED TO LITIGATION?
a) It allows for a more formal and structured process.
b) It is typically faster and less expensive.
c) It results in a legally binding decision.
d) It ensures complete confidentiality.
Answer: It is typically faster and less expensive.

CA_DR-Q.26 WHICH DISPUTE RESOLUTION METHOD IS CHARACTERIZED BY A BINDING DECISION

MADE BY A PANEL OF EXPERTS WHO ARE OFTEN EXPERIENCED IN THE SUBJECT MATTER OF THE
DISPUTE?
a) Drafting legal documents and contracts for dispute resolution.
b) Serving as a mediator during disputes between parties.
c) Providing cost estimation for dispute-related expenses.
d) Advising clients on appropriate courses of action and resolution techniques.

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 Answer: Advising clients on appropriate courses
of action and resolution techniques.

CA_DR-Q.27 WHICH DISPUTE RESOLUTION METHOD IS CHARACTERIZED BY A BINDING DECISION

MADE BY A PANEL OF EXPERTS WHO ARE OFTEN EXPERIENCED IN THE SUBJECT MATTER OF THE
DISPUTE?
a) UAE Civil Procedure Law No. 11 of 1992
b) Federal Law No.6 of 2018
c) His Highness Sheikh Khalifa bin Zayed Al Nahyan's decree
d) The Arbitration Law of 2018
Answer: Federal Law No.6 of 2018

CA_DR-Q.28 IN THE CONTEXT OF CONSTRUCTION DISPUTES, WHAT IS THE "ZONE OF POSSIBLE AGREEMENT"
(ZOPA)?
a) The range of settlement options acceptable to all parties
b) The legal jurisdiction where the dispute will be resolved
c) The timeline for submitting evidence in arbitration
d) The zone where negotiation tactics are not allowed
Answer: The range of settlement options
acceptable to all parties

CA_DR-Q.29 WHICH DISPUTE RESOLUTION METHOD IS CHARACTERIZED BY A BINDING DECISION MADE BY A PANEL OF
EXPERTS WHO ARE OFTEN EXPERIENCED IN THE SUBJECT MATTER OF THE DISPUTE ?
a) Mediation
b) Expert Determination
c) Adjudication
d) Collaborative Law
Answer: Expert Determination

CA_DR-Q.30 WHAT IS THE MAIN DIFFERENCE BETWEEN THE DISPUTE RESOLUTION PROCESS IN FIDIC 1999 AND
FIDIC 2017?
a) The appointment of DAB is not mentioned in FIDIC 2017.
b) The timeline for parties to present their submissions to DAB is longer in FIDIC 2017.
c) The amicable settlement period is shorter in FIDIC 2017.
d) Parties can initiate arbitration directly without going through DAB in FIDIC 2017.
Answer: The amicable settlement period
is shorter in FIDIC 2017.

Page 24 of 27
 Section-4 : DATA MANAGEMENT
DM-Q.1 ABCDEF?
a) Xyz
b) Xyz
c) Xyz
d) Xyz
Answer: XYZ

Section-5 : SUSTAINABILITY
ST-Q.1 ABCDEF?
a) Xyz
b) Xyz
c) Xyz
d) Xyz
Answer: XYZ

Section-6 : TEAM WORKING

TW-Q.1 ABCDEF?
a) Xyz
b) Xyz
c) Xyz
d) Xyz
Answer: XYZ

Section-7 : CLIENT CARE

CC-Q.1 ABCDEF?
a) Xyz
b) Xyz
c) Xyz
d) Xyz
Answer: XYZ

Section-8 : COMMUNICATION AND NEGOTIATION

CN-Q.1 ABCDEF?
a) Xyz
b) Xyz
c) Xyz
d) Xyz
Answer: XYZ

Page 25 of 27
Section-9 : HEALTH AND SAFETY
CN-Q.2 ABCDEF?
e) Xyz
f) Xyz
g) Xyz
h) Xyz
Answer: XYZ

Section-10 : DESIGN ECONOMICS AND COST PLANNING

CP-Q.1 ABCDEF?
a) Xyz
b) Xyz
c) Xyz
d) Xyz
Answer: XYZ
Section-11 : RISK MANAGEMENT
RM-Q.1 ABCDEF?
a) Xyz
b) Xyz
c) Xyz
d) Xyz
Answer: XYZ
Section-12 : COMMERCIAL MANAGEMENT IN CONSTRUCTION
CM-Q.1 ABCDEF?
a) Xyz
b) Xyz
c) Xyz
d) Xyz
Answer: XYZ
Section-13 : CONTRACT PRACTICE
CP-Q.1 ABCDEF?
a) Xyz
b) Xyz
c) Xyz
d) Xyz
Answer: XYZ
Section-14 : CONSTRUCTION TECHNOLOGY
CT-Q.1 ABCDEF?
a) Xyz
b) Xyz
c) Xyz
d) Xyz
Answer: XYZ

Page 26 of 27
Section-15 : PROCUREMENT AND TENDERING
PT-Q.1 ABCDEF?
a) Xyz
b) Xyz
c) Xyz
d) Xyz
Answer: XYZ
Section-16 : PROJECT FINANCIAL CONTROL AND REPORTING
ET-Q.1 ABCDEF?
a) Xyz
b) Xyz
c) Xyz
d) Xyz
Answer: XYZ
Section-17 : QUANTIFICATION AND COSTING OF CONSTRUCTION WORKS
QC-Q.1 ABCDEF?
a) Xyz
b) Xyz
c) Xyz
d) Xyz
Answer: XYZ
Section-18 : CONDUCT, RULES, ETHICS, AND PROFESSIONAL PRACTICE
ET-Q.1 ABCDEF?
a) Xyz
b) Xyz
c) Xyz
d) Xyz
Answer: XYZ

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