Construction Management Practice Exam

Question: 1 / 400

In comparison to industries such as manufacturing, is the construction industry high in assets?

True

False

The construction industry is generally considered lower in assets compared to industries like manufacturing. This is primarily due to the nature of construction, which often relies more on labor and temporary resources rather than significant, long-term investments in machinery and technology. While construction projects do utilize heavy equipment, these assets are typically specialized for specific tasks and not utilized consistently across multiple projects, unlike manufacturing where heavy machinery can be used for extended periods and is a core asset. This transient and project-based nature of construction means that it often does not hold the same asset value as more capital-intensive industries, leading to the conclusion that the statement is false. Thus, in comparison, the construction industry does not typically rank high in total assets when looked at alongside sectors like manufacturing.

Get further explanation with Examzify DeepDiveBeta

Sometimes true

Only for large projects

Next Question

Report this question

Download Construction Management Practice Exam PDF Study Guide
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy