Nascla practice exam 5 - Study guides, Class notes & Summaries

1 Exam Prep NASCLA Contractor's Guide to Business, Law, and Project Management, Florida 1st Edition Practice Test 2 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 - answerPayment 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 - answerCash 3. A __________...

NASCLA Business Law and Management Exam Questions With 100% Correct Answers | Latest Update 2024/2025 | Rated A+. Sole Proprietorship - Correct Answer-a business owned and managed by a single individual Simplest form to set up unlimited Liability Partnerships - Correct Answer-Business organizations in which two or more persons share responsibilities, costs, profits, and losses. C Corporations - Correct Answer-Corporations that have no restrictions on who owns their shares or the number o...

1 Exam Prep NASCLA Contractor's Guide to Business, Law, and Project Management, Florida 1st Edition Practice Test 2 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 - answerPayment 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 - answerCash 3. A __________...

NASCLA PSI EXAM PRACTICE QUESTIONS WITH VERIFIED SOLUTIONS 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 _________? ...

1 Exam Prep NASCLA Contractor's Guide to Business, Law, and Project Management, Florida 1st Edition Practice Test 2 2023 verified to pass 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 - correct answer 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. Depr...

MHIC NASCLA CONTRACTORS EXAM REVIEW PRACTICE QUESTIONS 2024. Yes - correct answer Does home improvement include work done on an individual condominium unit? Yes - correct answer Does home improvement include work done on a swimming pool? Yes - correct answer Does a home improvement contract HAVE to be in writing in order to preserve your lien rights? Subcontractors - correct answer Contractors who can only contract with a contractor or a subcontractor are: Cannot - correct answer A ...

Nascla Practice Test 1 Exam With 100% Correct Answers 2024. FOB freight prepaid requires _________ to pay for shipping charges. Seller (Chapter 14, page 11) Which of the following is not a member of the supervisory team? Foreman, Materials expediter, Owner's representative, Project manager Project Manager (Chapter 9, page 7) ________ scheduling consists of dates, delivery dates, payment schedule and vacations. It is a simplified method. Calendar (Chapter 9, page 2) When working in dwel...

Exam Prep NASCLA Contractor's Guide to Business, Law, and Project Management, Florida 1st Edition Practice Test 1 100% Solved 1. FOB freight prepaid requires __________ to pay for shipping charges. A. Contractor B. Buyer C. Seller D. Subcontractor - 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 - Answer- Project Manager 3. __________ scheduling consists of dates, deli...

Exam Prep NASCLA Contractor's Guide to Business, Law, and Project Management, Florida 1st Edition Practice Test 2 100% Correct Solved 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 - Answer- 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 - Answer...

Exam Prep NASCLA Contractor's Guide to Business, Law, and Project Management, Florida 1st Edition Practice Test 2 100% Correct Solved 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 - Answer- 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 - Answer...