In 2018, permits issued for trade contractors were approximately?

Study for the Audit of Construction and Real Estate Industry Test. Review multiple choice and flashcard questions with hints and detailed explanations. Prepare yourself effectively for your exam!

Multiple Choice

In 2018, permits issued for trade contractors were approximately?

Explanation:
This question tests interpreting approximate counts in construction industry data. The figure for permits issued to trade contractors in 2018 is around two thousand. So the option that says nearly 2,000 is the best fit because it places the count between 1,000 and 3,000 and closest to 2,000. Choosing 3,000 or 4,000 would overstate activity, while 1,000 would understate it. If you’re looking at the data, you’d see the trade contractor permits cluster near the two-thousand mark, making “nearly 2,000” the most accurate descriptor.

This question tests interpreting approximate counts in construction industry data. The figure for permits issued to trade contractors in 2018 is around two thousand. So the option that says nearly 2,000 is the best fit because it places the count between 1,000 and 3,000 and closest to 2,000. Choosing 3,000 or 4,000 would overstate activity, while 1,000 would understate it. If you’re looking at the data, you’d see the trade contractor permits cluster near the two-thousand mark, making “nearly 2,000” the most accurate descriptor.

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