Nascla c - Study guides, Class notes & Summaries
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NASCLA Contractors Guide Exam Questions and Answers (Graded A)
- Exam (elaborations) • 34 pages • 2024
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NASCLA Contractors Guide Exam Questions and Answers (Graded A)NASCLA Contractors Guide Exam Questions and Answers (Graded A)NASCLA Contractors Guide Exam Questions and Answers (Graded A)NASCLA Contractors Guide Exam Questions and Answers (Graded A) 
 
When a business is purchased by a new owner, what happens in regards to the "EIN"? - ANSWER-A new EIN is required 
 
A clause that means that a subcontractor is bound by the same obligations as are required of the general contractor is called: - ...
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NASCLA Contractor's Guide, NASCLA Contractors Guide 2024 Graded A
- Exam (elaborations) • 17 pages • 2024
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Name the 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 
-freedom in decision making process 
disadvantages of sole proprietorship 
-unlimited personal liability 
-less available capital 
-possible difficulty obtaining long-term financing 
-dissolutio...
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NASCLA CONTRACTOR'S EXAM 2024 WITH 100% CORRECT ANSWERS
- Exam (elaborations) • 27 pages • 2024
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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. Calen...
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NASCLA Contractor's Guide To Business, Law, And Project Management, Florida 1st Edition Test Questions And Answers, Latest Update 2024/2025 (GRADED)
- Exam (elaborations) • 37 pages • 2024
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NASCLA Contractor's Guide To Business, Law, And Project Management, Florida 1st Edition Test Questions And Answers, Latest Update 2024/2025 (GRADED) Which of the following bonds guarantees that the 
contractor has paid the subcontractor? 
A. Bid bond 
B. Performance bond 
C. Payment bond 
D. James bond - Correct Answer-Payment Bond 
2. The _____________ method recognizes income when the 
employer has done the work, yet has not 
received the income. 
NASCLA Contractor's Guide To Business, Law, ...
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MHIC NASCLA CONTRACTORS EXAM REVIEW QUESTIONS & 100%CORRECT ANSWERS 2024 A+ GRADED.
- Exam (elaborations) • 36 pages • 2024
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MHIC NASCLA CONTRACTORS EXAM REVIEW QUESTIONS & 100%CORRECT ANSWERS 2024 A+ GRADED. 
Does home improvement include work done on an individual 
condominium unit? - Correct Answer-Yes 
Does home improvement include work done on a swimming 
pool? - Correct Answer-Yes 
Does a home improvement contract HAVE to be in writing in 
order to preserve your lien rights? - Correct Answer-Yes 
Contractors who can only contract with a contractor or a 
subcontractor are: - Correct Answer-Subcontractors 
A count...
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NASCLA Contractor's Guide Exam Questions and Answers 100% Correct
- Exam (elaborations) • 10 pages • 2024
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NASCLA Contractor's Guide Exam Questions and Answers 100% CorrectNASCLA Contractor's Guide Exam Questions and Answers 100% CorrectNASCLA Contractor's Guide Exam Questions and Answers 100% Correct 
 
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...
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MHIC NASCLA CONTRACTORS EXAM REVIEW LATEST UPDATE GRADED A+
- Exam (elaborations) • 33 pages • 2024
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MHIC NASCLA CONTRACTORS EXAM 
REVIEW LATEST UPDATE GRADED A+ 
 
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? 
Yes 
 
Contractors who can only contract with a contractor or a subcontractor are: Subcontractors 
 
A county or municipality in Maryland _____________ require a contractor to get authorizatio...
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1 Exam Prep NASCLA Contractor's Guide to Business, Law, and Project Management, Florida 1st Edition Practice Test 2
- Exam (elaborations) • 36 pages • 2024
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1 Exam Prep NASCLA Contractor's Guide to Business, Law, and Project Management, Florida 1st Edition Practice Test 2
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Exam Prep NASCLA Contractor's Guide to Business, Law, and Project Management, Florida 1st Edition Practice Test 2 Already Passed
- Exam (elaborations) • 37 pages • 2024
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Exam Prep NASCLA Contractor's Guide 
 
to Business, Law, and Project 
Management, Florida 1st Edition 
Practice Test 2 Already Passed 
 
1. Which of the following bonds guarantees that the contractor has paid the subcontractor? 
 
A. Bid bond 
 
B. Performance bond 
 
C. Payment bond 
 
D. James bond Payment Bond 
 
2. The _____________ method recognizes income when the employer has done the work, yet 
has not 
 
received the income. 
 
A. Accrual 
 
B. Appreciation 
 
C. Deprecation 
 
D. Cash...
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Exam 1 Prep NASCLA Contractor's Guide to Business, Law, and Project Management, Florida 1st Edition Practice Test 1 Already Passed
- Exam (elaborations) • 43 pages • 2024
- Available in package deal
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Exam 1 Prep NASCLA Contractor's 
Guide to Business, Law, and Project 
Management, Florida 1st Edition 
Practice Test 1 Already Passed 
 
1. FOB freight prepaid requires 
__________ to pay for shipping 
charges. 
 
A. Contractor 
 
B. Buyer 
 
C. Seller 
 
D. Subcontractor 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 Project Manager 
 
3. __________ scheduling consists of 
date...
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