NM General Contractor Practice Questions - New Mexico General Contractor Exam

What is 'cash flow' and why is it critical for a NM construction company?

The movement of money in and out of the business; critical because construction involves large upfront costs before receiving payment The amount of cash kept in a safe on the job site The flow of concrete during a pour The contractor's credit score

Correct Answer:

The movement of money in and out of the business; critical because construction involves large upfront costs before receiving payment

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