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AFSB 152 Practice Exam Part A with 100- correct answers(graded A+)
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AFSB 152 Practice Exam Part A with 100- correct answers(graded A+)
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AFSB 152Practice Exam
Part A with 100%
correct
answers(graded
A+)
The two main types of construction are heavy
and highway construction and - answer The
general building trades
Dramatic increase in project size, taking work
in new geographical areas, moving into new
types of construction, and lack of
management maturity are all factors that can
result in - answer Contractor failure
,The Miller Act requires a contractor on a
federal construction project to post two
bonds, a performance bond and a - answer
Labor and material payment bond
Contractors would typically be granted relief
from bidding mistakes from errors in -
answer Mathematical calculation
Profitable construction can be achieved by
careful estimating, good construction
practices, and - answer Efficient job
supervision
Most sureties use the 10 percent rule when
underwriting bonds. An explanation from the
contractor is required when - answer There
is a 10 percent or greater difference between
the first and second bids.
A contractor might finance or refinance
equipment or real estate. This financing,
secured by real estate and payable in
, monthly installments over five to fifteen
years, is called - answer A term loan
Which one of the following types of financial
statements do sureties prefer with a bond
application? - answer Audit
The primary consideration that influences
most contractors in electing a tax reporting
method is - answer The deferral of income
tax payments to the greatest extent
possible.
The analyst's notes taken during the review
of the contract status report might include all
of the following, EXCEPT: - answer Gross
profit (loss) recognition
A financial analyst might check for a
management change such as that associated
with a stockholder's death, retirement,
resignation, or termination when signaled by
- answer A treasury stock transaction
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