Nascla test 5 - Study guides, Class notes & Summaries
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NASCLA Business, Law and Project Management, Test 2 Questions With 100% Correct Answers | Latest Update 2024/2025 | Graded
- Exam (elaborations) • 28 pages • 2024
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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 - Correct 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 - Correct Answer-D. Unit price method 
NASCLA Business, Law and Project Management, 
Test 2 Questions With 100% Correct Answers | 
Latest Update 2024/2025 | Graded 
pg. 2 profe...
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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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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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NASCLA Contractor's study Guide Questions and Answers with Complete Solutions 100% Correct | 2024.
- Exam (elaborations) • 8 pages • 2024
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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...
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Exam Prep NASCLA Contractor's Guide to Business, Law, and Project Management, Florida 1st Edition Practice Test 1 100% Solved
- Exam (elaborations) • 32 pages • 2024
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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...
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Exam Prep NASCLA Contractor's Guide to Business, Law, and Project Management, Florida 1st Edition Practice Test 1 100% Solved
- Exam (elaborations) • 32 pages • 2024
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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...
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NASCLA Test 1 Exam Questions and Answers | Latest Update 2024/2025 | Graded A+
- Exam (elaborations) • 17 pages • 2024
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Loan Document 
3. Investor Document 
4. Benchmarking Tool 
2. Select two standard components of a business plan: answer- 1. Marking 
Strategy 
2. Executive Strategy 
3. is the biggest drawback of a sole proprietorship.: answer- Unlimited 
Personal Liability 
4. If you are a sole proprietor and complete work under a name that is not your NASCLA Test 1 Exam Questions and 
Answers | Latest Update 2024/2025 | 
Graded A+ 
2 / 8 
own, you would be required to file a with local or state government.: - ...
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Exam Prep NASCLA Contractor's Guide to Business, Law, and Project Management, Florida 1st Edition Practice Test 2 100% Correct Solved
- Exam (elaborations) • 16 pages • 2024
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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...
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Exam Prep NASCLA Contractor's Guide to Business, Law, and Project Management, Florida 1st Edition Practice Test 2 100% Correct Solved
- Exam (elaborations) • 16 pages • 2024
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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...
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NASCLA PSI Exam Practice Questions And Answers 100% Scores
- Exam (elaborations) • 4 pages • 2024
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NASCLA PSI Exam Practice Questions 
And Answers 100% Scores 
FOB freight prepaid requires __________ to pay for shipping charges - CORRECT 
ANSWER-Seller 14-12 
Which of the following is not a member of the supervisory team? - CORRECT 
ANSWER-Project manager 9-7 
__________ scheduling consists of dates, delivery dates, payment schedule and 
vacations. It is a simplified method. - CORRECT ANSWER-Calendar 9-3 
When working in dwelling that was built prior to 1978, the employer is to provide ea...
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