Exam (elaborations)
Exam1 Prep NASCLA Contractor-s Guide to Business, Law, and Project Management, Florida 1st Edition Practice Test 1
Exam1 Prep NASCLA Contractor-s Guide to Business, Law, and Project Management, Florida 1st Edition Practice Test 1
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Exam 1 Prep NASCLA Contractor's Guide to Business, Law, and Project Management, Florida 1st Edition Practice Test 1 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 .representative D. .Project .manager .- .(correct .answer) .-Project .Manager 3. .__________ .scheduling .consists .of . .dates, .delivery .dates, .payment . .schedule .and .vacations. .It .is .a .simplified .method. A. .Calendar B. .Bar .chart C. .Gantt .- .(correct .answer) .-Calendar 4. .When .working .in .dwelling .that . .was .built .prior .to .1978, .the . .employer .is .to .provide .each . .occupant .with .a .pamphlet . .____________titled. A. .Protect .your .family .from .lead . .in .your .home B. .Protect .your .loved .ones .from . .lead .in .your .home C. .Protect .your .family .and .your . .friends .from .lead .in .your .home D. .Pamphlets .are .not .required .- .(correct .answer) .-Protect .your .family .from .lead .in .your .home 5. .Who .pays .into .a .worker's . .unemployment . .compensa tion? A. .Property .owner B. .Building .contractor C. .Employer D. .Employee .- .(correct .answer) .-Employer 6. .A .lump .sum .contract .on .a . .project .has .a .total .contact . .price .of .$260,000. .Retainage . .has .been .held .back .at .10%. .The . .contractor .has .received . .progress .payments .for .75% .of . .the .project. .The .contractor . .submits .a .request .for .final . .payment .should .be .for? A. .More .than .$80,000 B. .Less .than .$50,000 C. .Between .$50,001 .and .$60,000 D. .Between .$60,001 .and .$70,000 .- .(correct .answer) .-More .than .$80,000 7. .Which .of .the .flowing .is .not .a . .key .characteristic .of .a .sole . .proprietorship? A. .termination .at .death .of .the . .owner B. .Business .expenses .and . .personal .income .are .not . .separated C. .Taxed .as .ordinary .income D. .Must .bear .all .responsibility .- .(correct .answer) .-Business .expenses .and .personal .income .are .not .separated 8. .What .is .the .quick .ratio .(or .acid . .test .ratio) .for .a .company .that . .has .current .assets .of .$28,000, . .inventory .of .$4,000, .and . .current .liabilit ies .of .$6,000? A. .4/1 B. .1/4 C. .7/1 D. .1/7 .- .(correct .answer) .-4/1 9. .An .EAP .(Employee .Assistance . .Program) .is .required .to .be .in . .writing .for .________employees .or . .more. A. .2 B. .8 C. .10 D. .11 .- .(correct .answer) .-11 10. .Who .pays .into .FUTA .(Federal . .Unemployment .Tax .Act)?
