NASCLA Study guides, Class notes & Summaries

NASCLA Exam Questions With 100% Correct!!

Exam Prep NASCLA Contractor's Guide to Business, Law, and Project Management, Florida 1st Edition Practice Test 1 100% Solved 1. FOB freight prepaid requires __________ to pay for shipping charges. A. Contractor B. Buyer C. Seller D. Subcontractor - Answer- Seller 2. Which of the following is not a member of the supervisory? A. Foreman B. materials expediter C. Owner's representative D. Project manager - Answer- Project Manager 3. __________ scheduling consists of dates, deli...

NASCLA Business, Law and Project Management (Basic) - Practice Test 2 100% Solved The _____ method recognizes income when the employer has done the work but has not received the income. A. Accrual B. Appreciation C. Depreciation D. Cash - Answer- A. Accrual 13-7 A _____ bundles all cost factors for entire task. A. Lump sum B. Cost plus C. Percent completion method D. Unit price method - Answer- D. Unit price method 6-7 _____ requires paying prevailing wages in federally-financed p...

NASCLA BUSINESS LAW EXAM QUESTIONS AND ANSWERS sole proprietor - Answer- A form of business ownership is least regulated partnership - Answer- Under which form of business organization are all investors fully liable for all debts of the business. S corporation - Answer- owner who is looking for maximum protection from personal liability leaving something out - Answer- worst possible error in estimating source documents - Answer- the paperwork related to purchase order, credit card recei...

Exam Prep NASCLA Contractor's Guide to Business, Law, and Project Management, Florida 1st Edition Practice Test 2 100% Correct Solved 1. Which of the following bonds guarantees that the contractor has paid the subcontractor? A. Bid bond B. Performance bond C. Payment bond D. James bond - Answer- Payment Bond 2. The _____________ method recognizes income when the employer has done the work, yet has not received the income. A. Accrual B. Appreciation C. Deprecation D. Cash - Answer...

NASCLA Business, Law and Project Management (Basic) - Practice Test 2 100% Solved The _____ method recognizes income when the employer has done the work but has not received the income. A. Accrual B. Appreciation C. Depreciation D. Cash - Answer- A. Accrual 13-7 A _____ bundles all cost factors for entire task. A. Lump sum B. Cost plus C. Percent completion method D. Unit price method - Answer- D. Unit price method 6-7 _____ requires paying prevailing wages in federally-financed p...

MHIC NASCLA CONTRACTORS EXAM REVIEW 2024 QUESTIONS AND ANSWERS Does home improvement include work done on an individual condominium unit? - Answer- Yes Does home improvement include work done on a swimming pool? - Answer- Yes Does a home improvement contract HAVE to be in writing in order to preserve your lien rights? - Answer- Yes Contractors who can only contract with a contractor or a subcontractor are: - Answer- Subcontractors A county or municipality in Maryland _____________ requi...

ADA correct answers Americans with Disabilities Act AGC correct answers Associated General Contractors of America ADEA correct answers Age Discrimination in Employment Act AIA correct answers American Institute of Architects What does a balance sheet consist of? correct answers Company's assets, liabilities, and owners equity davis bacon act correct answers federal law that requires payment of prevailing wage rates and fringe benefits on federally financed or assisted constructio...

____ and _____ are two essential parts to a business plan correct answers 1. Planning Tool 2. Loan Document 3. Investor Document 4. Benchmarking Tool Select two standard components of a business plan correct answers 1. Marking Strategy 2. Executive Strategy _____ is the biggest drawback of a sole proprietorship. correct answers Unlimited Personal Liability If you are a sole proprietor and complete work under a name that is not your own, you would be required to file a _____ ...

NASCLA - Principles and Practices of Commercial Construction Exam Questions With Verified Answers When freely dropping concrete into forms, you should never be more than how far of a distance away? - answer1 meter For concrete to be placed in water there is a special method that is used. What is the method? - answertremie In order to have 3/4 hour fire rating, a wood column in a wood structure should be what typical size or larger if supporting floors? - answer8 x 8" What should be use...

NASCLA PRACTICE EXAM 1 Questions With Verified Answers Balance sheet, income statement, statement of cashflow - answerThree types of financial statements Sustainable practices - answerspecifically consider a building project's long term impact on the environment Board feet - answerThe volume of wood needed for a project Design-Build method of project delivery - answerOwner contracts with one entity to provide both design and construction services. Design-build firm subcontracts as neces...