26. Which of the following is NOT a component of a typical construction contract?
a) Scope of work
b) Schedule
c) Budget
d) Lease agreement
Answer: d) Lease agreement
27. What is the term used to describe the process of insulating a building to reduce heat transfer and increase energy efficiency?
a) Insulation
b) Weatherization
c) Sealing
d) Cladding
Answer: a) Insulation
28. Which of the following is NOT a common construction cost factor?
a) Labor
b) Materials
c) Location
d) Advertising
Answer: d) Advertising
29. What is the term used to describe the process of demolishing an existing building or structure?
a) Deconstruction
b) Dismantling
c) Demolition
d) Disassembly
Answer: c) Demolition
30. Which of the following is NOT a common type of real estate investment strategy?
a) Buy and hold
b) Fix and flip
c) Rental income
d) Short-selling
Answer: d) Short-selling
