The Developer Will Face a Variety of Costs Throughout the Project's

question 29

Multiple Choice

The developer will face a variety of costs throughout the project's life. Which of the following would be classified as a soft cost?

• A) Legal fees of the permitting process
• B) Costs of materials
• C) Labor cost of subcontractors for construction
• D) Cost of land

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Definitions:

United States

A country in North America composed of 50 states, a federal district, five major self-governing territories, and various possessions.

Great Britain

A geographical term that refers to the island located northeast of Ireland and northwest of France, comprising the nations of England, Scotland, and Wales.

Soviet Union

A socialist state that existed from 1922 to 1991, officially known as the Union of Soviet Socialist Republics (USSR), composed of multiple republics, and was a major world power during its existence.

Yalta Conference

A meeting held in February 1945 among the heads of government of the United States, the United Kingdom, and the Soviet Union (Roosevelt, Churchill, and Stalin) to discuss post-World War II reorganization of Europe and the establishment of the United Nations.