Nascla 2024 - Study guides, Class notes & Summaries

NASCLA Accredited Exam - JJ Johnson Contractor Seminar 2023-2024 ACTUAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS

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 contract with a contractor or a subcontractor are: Cannot - A county or municipality in Maryland _____________ require a contractor to get authorization from an official in that city to be able to co...

NASCLA ACCREDITED EXAM ACTUAL EXAM 250 QUESTIONS AND CORRECT DETAILED ANSWERS

The standard industry mark-up is? - 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 - A) Units of measure - Bus Law & Proj Mgmt pg 6-8 A crucial drawback of a ________ is double taxation. - C Corp Class B fires are flammable liquids and require a special type of extinguisher to control them. Which of t...

Elements of a Business Plan Cover Page, Executive Summary, Company Summary, Products & Services, Market Analysis, Marketing Strategy, and Financial Plan Sole Proprietorships Adv: Min legal restrictions, simple ownership form, low startup costs, sole ownership of profits, freedom in decision making process. Disadv: Unlimited personal liability, less available capital, possible difficulty in obtaining long-term financing, dissolution of the business in the event of the owner's death. *SOLE P...

Contractors Guide NASCLA 2024 Exam Review Questions and Answers 100% Pass | Graded A+

MHIC NASCLA Study Guide/State Exam Q&A 2024 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 ________ after the commission gives notice , a contractor on whose amount a claim was paid does not reimburse the fund in full, the commission may sue the contr...

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 9-3 When working in dwelling that was built prior to 1978, the employer is to provide each occupant with a pamphlet title _________? - Protect your family from lead in your home 12-14 You have...

NASCLA Contractor Exam Study Guide Questions With Solutions 2024. Sole Proprietorship - correct answer Which form of business ownership is least regulated? Partnership - correct answer under which form of business organization are all investors fully liable for all debts of the business? S corporation - correct answer The owner who is looking for maximum protection from personal liability will choose this Leaving something out - correct answer What is the worst possible error in estima...

NASCLA Commercial Building Exam | 2024 Questions & Answers | 100% Correct | Verified