List the parties in a constructions project and what their responsibilities include
Owner - owns the land on which the building is being constructed
Construction lender - finances the project during the construction period
Permanent lender (lender) - carries the mortgage on the property once construction is completed
General contractor (prime contractor or builder) - responsible for the coordination of the construction
Architect - works with the general contractor or owner in making sure the building is constructed properly
Subcontractors - perform individual projects for the construction
Suppliers - do no actual construction work but are usually a large group consisting of all businesses that supply materials for use in the construction project
Surety (sureties or guarantors) - for either payment or performance according to the terms of the owner's contract or the contracts of subcontractors and suppliers
Insurer - for either the owner, the contractor, or any other party stands liable in the event of destruction of the project during its course
Government supervisor - party who must be consulted or who must inspect as the project progresses
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When James sells Tiromat Powerpak, a packaging machine for forming, filling and sealing food products, he begins by telling the customer, "Everyone in the food industry would like to save money and time on equipment cleaning." Then he says, "With the Tiromat Powerpak, you have a machine that can be disassembled for high-pressure cleaning and then reassembled more quickly than any other machine currently on the market." In conclusion, Tiromat says, "Thus, I believe that you need to buy our new Powerpak packaging machine." James is using ________ to sell his machines.
A. suggestive propositions B. sell sequence C. logical reasoning D. persuasive communication E. direct suggestion
According to BrandAsset® Valuator model, declining brands show ________
A) higher levels of esteem and knowledge than relevance, whereas both differentiation and energy are lower still B) high relevance — appropriateness of brand's appeal — a lower level of energy and differentiation, and even lower knowledge C) high levels on energy, differentiation, relevance, knowledge, and esteem D) higher levels of differentiation and energy than relevance, whereas both esteem and knowledge are lower still E) high knowledge — evidence of past performance — a lower level of esteem, and even lower relevance, energy, and differentiation
The tendency of the deviations from the mean to be larger in one direction than in the other is called ________
A) kurtosis B) type I error C) skewness D) type II error
You are working at a tax office that completes personal tax returns for a fee. Your boss asks you to estimate how much your entire office will collect in fees for the coming year. What will you create for your boss?
a. fee budget b. revenue budget c. expense budget d. capital expenditures budget