NASCLA TESTS COMPILATION BUNDLE

The standard industry mark-up is? correct answer: 15% - Bus Law & Proj Mgmt pg 7-7 Which of the following is important to consider in order to avoid inaccuracies when making an accurate project estimate? A) Units of measure B) Time involved C) Overhead Costs D) Productivity time correct ans...

FOB freight prepaid requires _____ to pay for shipping charges. A. Contractor B. Buyer C. Seller D. Subcontractor correct answer: C. Seller 13-11 _____ is NOT a member of the supervisory team. A. A Foreman B. A Material expediter C. The Owner's representative D. A Project manager...

FOB freight prepaid requires __________ to pay for shipping charges correct answer: Seller 14-12 Which of the following is not a member of the supervisory team? correct answer: Project manager 9-7 __________ scheduling consists of dates, delivery dates, payment schedule and vacations. It is ...

A business must meet the requirement of the Fair Labor Standards Act when there are more than how many employees? correct answer: 1 What is the primary purpose of ventilating unconditioned spaces? correct answer: to control moisture Oxygen cylinders shall be stored where? correct answer: se...

In built up roofs, cant strips shall extend how many inches up the vertical surface? correct answer: 5" Air entertainment should always be specified for concrete exposed to what? correct answer: Freezing and thawing In a post tensioning environment, when a two-stroke pull is required, the f...

A limited partners liability is limited to what amount? correct answer: To the amount they invest in A contracts license is required for any contract greater than what? correct answer: $30,000 When and where should you display your license? correct answer: At your place of business and it s...

1. FOB freight prepaid requires __________ to pay for shipping charges. A. Contractor B. Buyer C. Seller D. Subcontractor correct answer: Seller 2. Which of the following is not a member of the supervisory? A. Foreman B. materials expediter C. Owner's representativ...

Elements of a Business Plan correct answer: Cover Page, Executive Summary, Company Summary, Products & Services, Market Analysis, Marketing Strategy, and Financial Plan Sole Proprietorships correct answer: Adv: Min legal restrictions, simple ownership form, low startup costs, sole ownership of ...

A form of business ownership is least regulated correct answer: sole proprietor Under which form of business organization are all investors fully liable for all debts of the business. correct answer: partnership owner who is looking for maximum protection from personal liability correct answ...

Other than a serious violation correct answer: Discretionary penalty up to $7k each Serious violation correct answer: Mandatory penalty up to $7k each Willful violation correct answer: Up to $70K w/ minimum penalty of $5k each Repeated violation correct answer: Up to $70k Failure to ...

What is the minimum ceiling height for means of Egress? correct answer: Not less than 7 feet 6 inches Emergency Power must illuminate for how long? correct answer: No less than 90 minutes Elevators are required in a building with how many stories? correct answer: More than 3 (or at least 4)...

A Home Improvement Contractor is a person who offers to... correct answer: perform repairs for a homeowner. What is the MAXIMUM deposit permitted for a project with a total contract price of $1,500? correct answer: $500 What is the MAXIMUM amount that a home improvement contactor may pay to ...

Sole Proprietorship correct answer: a business owned and managed by a single individual If doing business not under Sole proprietorship you need to file a "doing business as" to? correct answer: Alabama Secretary of State what are the 2 types of partnerships correct answer: 1.General 2.L...

How long does a claimant have to bring a claim against the guaranty fund? correct answer: 3 years from discovery of the loss or damage How many days does a contractor have to respond in writing to the copy of claim that was sent by the commission? correct answer: 10 days If within ________ a...