Orien. Lvl 1- Lesson #6

Question 1

The construction industry employs about ? of all the workers in the U.S.A.

Answer 1

5%

Question 2

True or false?

Lowering the prime interest rate can lead to increased employment.

Answer 2

True

Question 3

The ? of construction workers is one of the most critical factors in shaping our economy and keeping it rolling.

Answer 3

productivity

Question 4

Which goods-producing sector of the economy of the U.S.A. is expected to continue to grow?

Answer 4

Construction

Note: The projected growth for today’s construction market is very much under discussion. But the reality remains that the infrastructure, energy efficiency, and voice-data-video (VDV) areas continue to grow quite well, even during times of a recession.

Question 5

The construction industry is projected to expand by nearly ? annually.

Answer 5

10%

Note: The projected growth for today’s market is very much under discussion and this 10% figure may not be as reliable as it has been in the past. Discuss your local construction market and compare it to other markets.

Question 6

True or false?
Over 10% of the total construction workforce is employed by electrical contractors.

Answer 6

True

Question 7

three major reasons why quality performance by skilled Electrical Workers is essential.

Answer 7

.It ensures that Americans continue to have a high standard of living.

It keeps our country competitive.

Our nation runs on electricity.

Question 8

America may be facing not only a ? of labor, but it is also confronting a shortage of ? labor.

Answer 8

shortage / skilled

Question 9

modern developments provide employment opportunities in the electrical construction industry for those who prepare for it?

Answer 9

Factory automation, electronic innovations, and lasers

Fiber optics and nuclear, solar, and wind power

Smart houses and intelligent buildings

Superconductivity and computerization

Question 10

Of the thousands of electrical contractors who run union shops in the U.S., over ? once worked at the trade.

Answer 10

80%

Question 11

two things you must grasp to succeed in the electrical construction industry.

Answer 11

Striving to be an asset to the electrical contractor who employs you

Technical know-how

Question 12

The opportunity to succeed in the electrical construction industry exists as a result of a ? effort by the IBEW and ? .

Answer 12

cooperative / NECA

Question 13

Why should the apprentice learn to appreciate contractors and the responsibilities they have?

Answer 13

Because the apprentice’s future is directly tied to the contractors’ success or failure

Question 14

five steps a contractor must take before going into business.

Answer 14

Arrange financing

Buy equipment

Hire supervisory and nonproductive help

Obtain jobs

Obtain an adequate supply of skilled labor

Question 15

Of the steps that a contractor must follow before going into business, which step makes the IBEW possible?

Answer 15

Obtain an adequate supply of skilled labor

Question 16

What is “labor” to the contractor?

Answer 16

Labor is the means by which to get the job done.

Labor is the public relations department of the business as far as the customer is concerned.

Labor can be the difference between profit and loss, success and bankruptcy.

Question 17

four costs of doing business that are considered as overhead (operating expenses).

Answer 17

Equipment, office

Financing

Obtaining jobs

Supervisory and nonproductive help

Question 18

The price a customer pays for a common electrical job is broken down into four major financial categories.

Answer 18

Labor

Material

Overhead

Profit

Question 19

Why is management vitally interested in apprentice and Journeyman Electrical Worker training?

Answer 19

Contractor bids are less competitive with unqualified labor.

Project labor costs increase with unqualified labor.

Supervision is less productive with unqualified labor.

Unqualified labor is a burden to a contractor.

Note: Unqualified labor requires additional nonproductive supervision, which increases the amount of overhead and reduces the portion of the price available for profit and labor.

Question 20

As an IBEW electrician you should be

Answer 20

A good sales representative for the shop

A good sales representative for union labor

A productive worker every day

Well trained in all phases of the trade