Nascla test 4 - Study guides, Class notes & Summaries
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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) • 23 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 
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 __________...
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NASCLA Business, Law and Project Management (Basic) - Practice Test 2 100% Solved
- Exam (elaborations) • 20 pages • 2024
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NASCLA Business, Law and Project Management 
(Basic) - Practice Test 2 100% Solved 
The _____ method recognizes income when the employer has done the work but has 
not received the income. 
A. Accrual 
B. Appreciation 
C. Depreciation 
D. Cash - Answer- A. Accrual 
13-7 
A _____ bundles all cost factors for entire task. 
A. Lump sum 
B. Cost plus 
C. Percent completion method 
D. Unit price method - Answer- D. Unit price method 
6-7 
_____ requires paying prevailing wages in federally-financed p...
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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) • 23 pages • 2024
- Available in package deal
-
- $13.49
- + learn more
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 __________...
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NASCLA Business, Law, and Project Management 13th Edition - Test 1 Exam Questions with Correct Answers
- Exam (elaborations) • 24 pages • 2024
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NASCLA Business, Law, and Project Management 13th Edition - Test 1 Exam Questions with Correct Answers FOB freight prepaid requires _____ to pay for shipping charges. A. Contractor B. Buyer C. Seller D. Subcontractor - answerC. Seller 13-11 _____ is NOT a member of the supervisory team. A. A Foreman B. A Material expediter C. The Owner's representative D. A Project manager - answerD. A Project Manager 8-7 With _____ scheduling, you can link project tasks to specific dates such as delivery dates...
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NASCLA Business, Law and Project Management (Basic) - Practice Test 2 100% Solved
- Exam (elaborations) • 20 pages • 2024
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NASCLA Business, Law and Project Management 
(Basic) - Practice Test 2 100% Solved 
The _____ method recognizes income when the employer has done the work but has 
not received the income. 
A. Accrual 
B. Appreciation 
C. Depreciation 
D. Cash - Answer- A. Accrual 
13-7 
A _____ bundles all cost factors for entire task. 
A. Lump sum 
B. Cost plus 
C. Percent completion method 
D. Unit price method - Answer- D. Unit price method 
6-7 
_____ requires paying prevailing wages in federally-financed p...
Too much month left at the end of the money?
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NASCLA Business, Law, and Project Management 13th Edition - Test 1 Exam Questions with Correct Answers
- Exam (elaborations) • 17 pages • 2024
- Available in package deal
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NASCLA Business, Law, and Project 
Management 13th Edition - Test 1 Exam 
Questions with Correct Answers 
FOB freight prepaid requires _____ to pay for shipping charges. 
A. Contractor 
B. Buyer 
C. Seller 
D. Subcontractor - answerC. Seller 
13-11 
_____ is NOT a member of the supervisory team. 
A. A Foreman 
B. A Material expediter 
C. The Owner's representative 
D. A Project manager - answerD. A Project Manager 
8-7 
With _____ scheduling, you can link project tasks to specific dates such as...
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NASCLA Test 1 Exam Questions With 100% Correct Answers 2024.
- Exam (elaborations) • 9 pages • 2024
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NASCLA Test 1 Exam Questions With 100% Correct Answers 2024. 
 
____ and _____ are two essential parts to a business plan 
1. Planning Tool 
 
2. Loan Document 
 
3. Investor Document 
 
4. Benchmarking Tool 
Select two standard components of a business plan 
1. Marking Strategy 
 
2. Executive Strategy 
_____ is the biggest drawback of a sole proprietorship. 
Unlimited Personal Liability 
If you are a sole proprietor and complete work under a name that is not your own, you would be required to ...
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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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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. 
NASCLA Contractor's Guide To Business, Law, 
And Project Management, Florida 1st Edition 
Test Questions And Answers | Latest Update 
2024/2025 (GRADED) 
pg. 2 professoraxe 
l 
A. Accrual 
B....
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NASCLA Business, Law, and Project Management Latest Edition - Test 1 Questions with 100% Correct Answers
- Exam (elaborations) • 11 pages • 2024
- Available in package deal
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NASCLA Business, Law, and Project 
Management Latest Edition - Test 1 
Questions with 100% Correct Answers 
_____ does NOT apply to a C corporation. 
A. Transfer of ownership through sale of stock 
B. Limited life of the business 
C. Separate legal entity 
D. Availability of capital resources - B. Limited life of the business 
2-3 
_____ insurance will protect an organization's officer. 
A. Key Man Life 
B. Commercial General Liability 
C. Director's and Officer's Liability 
D. P...
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NASCLA Business, Law and Project Management (Basic) - Practice Test
- Exam (elaborations) • 24 pages • 2024
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NASCLA Business, Law and Project Management (Basic) - Practice Test 
 
 
 
 
 
 
 
1.	The	method recognizes income when the employer has done the work but has not received the income. 
 
A.	Accrual 
B.	Appreciation 
C.	Depreciation 
D.	Cash: Accrual 
 
13-7 
2.	A	bundles all cost factors for entire task. 
 
A.	Lump sum 
B.	Cost plus 
C.	Percent completion method 
D.	Unit price method: Unit price method 
 
6-7 
3.	 	requires paying prevailing wages in federally-financed projects. 
 
A.	Service Co...
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