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Question
by what specific measurement is construction used as an economic indicator for the u.s. economy?
a housing starts
b sales and inventories
c monthly sales for retail and food services
d annual construction costs
question 2
choose the best definition of due diligence as it pertains to construction
a extreme attention to detail
b the process of identifying any problems associated with the project early to be factored into decisions
c a late payment to be made to a sub - contractor
d solving problems as they come to your attention
For the first question, housing starts are a key construction - related economic indicator in the U.S. as they signal future economic activity in construction and related industries. For the second question, due diligence in construction is about identifying potential problems early to make informed decisions.
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A. Housing starts
B. The process of identifying any problems associated with the project early to be factored into decisions