California IDEX Practice Exam

What are the major cost components of most interior design projects among the following options?

1. furnishings, professional fees, taxes, telephone installation

2. professional fees, moving, fixtures, signal systems

3. overhead and profit, artwork consulting, computer system installation, legal fees

4. moving, fixtures, overhead and profit, telephone installation

The correct answer is: furnishings, professional fees, taxes, telephone installation

The major cost components of most interior design projects typically include furnishings, professional fees, taxes, and telephone installation. Furnishings represent a significant portion of the overall project cost as they encompass all the essential items necessary for the design, such as furniture, rugs, and window treatments. Professional fees are also a crucial cost component, as they cover the services provided by the designer and any associated consultants who contribute to the project. Taxes are an inevitable aspect of many purchases within a project and can add up significantly. Finally, telecommunication installation may seem like a smaller item, but it is important for ensuring that the space functions effectively for its intended use. The other choices incorporate various components, but they do not align as closely with the major cost areas typically seen in interior design projects. For example, while moving and fixtures are relevant, other components like artwork consulting and legal fees are generally not primary cost drivers in most standard projects.