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sole proprietor - A form of business ownership is least regulated partnership - Under which form of business organization are all investors fully liable for all debts of the business. S corporation - owner who is looking for maximum protection from personal liability leaving something out - wors...

The standard industry mark-up is? - 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 - Answer A) Units of...

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

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 - A. Accrual 13-7 A _____ bundles all cost factors for entire task. A. Lump sum B. Cost plus C. Percent completion method D. Unit pric...

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...

When do you need a permit for a retaining wall - When it is over 4 feet tall The building official may revoke a permit if - it is issued in error or in violation of an ordinance Who can issue a notice of violation - Building Department Shear Wall resists - Lateral pressure What type of construct...

3 elements of a business plan - -cover page -executive summary -company summary -products and services -market analysis -marketing strategy -financial plan advantages of sole proprietorship - -minimal legal restrictions -simple ownership form -low start up costs -sole ownership of profits ...

Sole Proprietorship - a business owned and managed by a single individual Simplest form to set up unlimited Liability Partnerships - Business organizations in which two or more persons share responsibilities, costs, profits, and losses. C Corporations - Corporations that have no restrictions on...

Yes - Does home improvement include work done on an individual condominium unit? Yes - Does home improvement include work done on a swimming pool? Yes - Does a home improvement contract HAVE to be in writing in order to preserve your lien rights? Subcontractors - Contractors who can only contrac...

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