Nascla chapter - Study guides, Class notes & Summaries

NASCLA Contractors Guide Virginia, 8th Ed Chapters 3 Exam Questions and Answers

NASCLA Contractors Guide Virginia, 8th Ed Chapters 4 Managing Risk with Complete Solutions

What is the major Purpose of Licensing? - ANSWER-A major purpose of licensing is to protect the Health, safety, and welfare of the public. -Licensing also defines the scope of occupational practice legally reserved for license holders. What does Licensing establish? - ANSWER-Licensing establishes entrance requirements, standards of practice, and disciplinary authority to protect the public from unqualified, incompetent, and unethical contractors What are licensing entrance requirements? ...

NASCLA Contractors Guide Chapter 14 (Financial Management) Question and answers correctly solved 2023/2024Accounting Cycle - correct answer The series of accounting activities included in recording financial information for a fiscal period Classify and Record Transactions - correct answer Typical Journals that Companies include: Cash Receipts and Sales Journal: This Journal is used when cash comes in or a sale is charged to a customer. Prepare Financial Statements - correct answer Balance ...

NASCLA Contractors Guide Virginia, 8th Ed Chapters 3 Questions Correctly Answered 2024. What is the major Purpose of Licensing? - correct answer A major purpose of licensing is to protect the Health, safety, and welfare of the public. -Licensing also defines the scope of occupational practice legally reserved for license holders. What does Licensing establish? - correct answer Licensing establishes entrance requirements, standards of practice, and disciplinary authority to protect the publ...

NASCLA Contractors Guide Chapter 14 (Financial Management)Accounting Cycle - correct answer The series of accounting activities included in recording financial information for a fiscal period Classify and Record Transactions - correct answer Typical Journals that Companies include: Cash Receipts and Sales Journal: This Journal is used when cash comes in or a sale is charged to a customer. Prepare Financial Statements - correct answer Balance Sheet, Income Statement, Statement of cash flows...

NASCLA chapter Question and answers correctly solved 2023/2024Purpose of licens - correct answer Protect the health, Safety and welfare of the public. Defines the work a contractor is allowed to do. Ensures a minimum set of qualifications (experience, training, and required examinations) Standards of practice - correct answer Ensures an appropriate level of quality workmanship is given to the public. Contractors required to adhere to them. CE May be required. LA state licensing board for c...

NASCLA Chapter Question and answers 2023/2024 verified to passRisk management - correct answer Involves assessing all areas of your business from operations to administrative functions. Benefits of good risk management lowers business and liability insurance, reduces risk of being sued, improves chances of prevailing in a lawsuit. Ways to reduce risk - correct answer Provisions added to contracts, safety programs or operating procedures, insurance coverage and bonding. Insurance - correct ...

NASCLA Contractor's Guide Chapter 15 (Tax Basics) Question and answers already passed 2023/2024What is the major Purpose of Licensing? - correct answer A major purpose of licensing is to protect the Health, safety, and welfare of the public. -Licensing also defines the scope of occupational practice legally reserved for license holders. What does Licensing establish? - correct answer Licensing establishes entrance requirements, standards of practice, and disciplinary authority to protect...

NASCLA chapter 3Purpose of licens - correct answer Protect the health, Safety and welfare of the public. Defines the work a contractor is allowed to do. Ensures a minimum set of qualifications (experience, training, and required examinations) Standards of practice - correct answer Ensures an appropriate level of quality workmanship is given to the public. Contractors required to adhere to them. CE May be required. LA state licensing board for contractors - correct answer Regulates contract...