NASCLA Business, Law, and Project Management 13th Edition - Test 1 QUESTIONS WITH VERIFIED ANSWERS . FOB ifreight iprepaid irequires i_____ ito ipay ifor ishipping icharges. A. iContractor B. iBuyer C. iSeller D. iSubcontractor i- i(correct ianswer) i-C. iSeller 13-11 _____ iis iNOT ia imember iof ithe isupervisory iteam. A. iA iForeman B. iA iMaterial iexpediter C. iThe iOwner's irepresentative D. iA iProject imanager i- i(correct ianswer) i-D. iA iProject iManager 8-7 With i_____ ischeduling, iyou ican ilink iproject itasks ito ispecific idates isuch ias idelivery idates, ipayment ischedule iand iemployee ivacations iand iholidays. A. iCalendar B. iBar iChart C. iGantt D. iCritical iPath iMethod i- i(correct ianswer) i-A. iCalendar 8-3 When iworking iin idwelling ithat iwas ibuilt iprior ito i1978, ithe iemployer iis ito iprovide ieach ioccupant iwith ia ipamphlet ititled i_____. A. iProtect iyour ifamily ifrom ilead iin iyour ihome B. iProtect iyou iloved iones ifrom ilead iin iyour ihome C. iProtect iyour ifamily iand iyour ifriends ifrom ilead iin iyour ihome D. iPamphlets iare inot irequired i- i(correct ianswer) i-A. iProtect iyour ifamily ifrom ilead iin iyour ihome 11-13 Employers ithat iviolate ichild ilabor ilaws iare isubject ito icivil ipenalty iof iup ito i_____ iper iworker ifor ieach iviolation. A. i$2,500 B. i$5,000 C. i$10,000 D. i$11,000 i- i(correct ianswer) i-D. i$11,000 10-3 A ilump isum icontract ion ia iproject ihas ia itotal icontract iprice iof i$260,000. iRetainage ihas ibeen iheld iback iat i10%. iThe icontractor ihas ireceived iprogress ipayments ifor i75% iof ithe iproject. iThe icontractor isubmits ia irequest ifor ifinal ipayment ifor i_____. A. iMore ithan i$80,000 B. iLess ithan i$50,000 C. iBetween i$50,001 iand i$60,000 D. iBetween i$60,001 iand i$70,000 i- i(correct ianswer) i-A. iMore ithan i$80,000 7-3 iand i13-9 $260,000x0.10 i(10% iretainage) i= i$26,000 iheld iback iin iretainage $260,000 i- i$26,000 i= i$234,000 idue iin iprogress ipayments $234,000 ix i.75 i(75% ireceived) i= i$175,000 ireceived iin iprogress ipayments $260,000 i- i$175,000 i= i$84,500 ifinal ipayment _____ iis iNOT ia ikey icharacteristic iof ia isole iproprietorship. A. iThe itermination iat ideath iof ithe iowner B. iBusiness iexpenses iand ipersonal iincome iare inot iseparated C. iThe inet iincome iis itaxed ias iordinary iincome D. iThe iowner/owners imust ibear iall iresponsibility i- i(correct ianswer) i-B. iBusiness iexpenses iand ipersonal iincome iare inot iseparated 2-1 The iquick iratio i(or iacid itest iratio) ifor ia icompany ithat ihas icurrent iassets iof i$28,000, iand iinventory ior i$4,000, iand icurrent iliabilities iof i$6,000 iis i_____. A. i4/1 B. i1/4 C. i7/1 D. i1/7 i- i(correct ianswer) i-A. i4/1
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