Nascla 3 - Study guides, Class notes & Summaries
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NASCLA Exam 3 Questions With 100% Correct Answers | Latest Update 2024/2025 (GRADED)
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NASCLA Exam 3 Questions With 100% Correct Answers | Latest Update 2024/2025 (GRADED) This bond is a guaranteed to subcontractors and suppliers 
that they will be paid for their work and materials. - Correct 
Answer-Payment 
53. Home office rent, accounting fees, taxes, phones, legal 
fees, and administrative labor are called - Correct AnswerCompany Overhead 
52. A change made to a bid package before it's bid date is 
called a - Correct Answer-Addendum 
51. Which business structure is considered...
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Exam Prep NASCLA Contractor's Guide to Business, Law, and Project Management, Florida 1st Edition Practice Test 2 Already Passed
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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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NASCLA #3 law Question and answers correctly solved 2023/2024
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NASCLA #3 law Question and answers correctly solved 2023/2024 
What is the first step in the planning and scheduling process? - correct answer Establish the projects objective. Scheduling begins with a plan. The key is that the objective should be attainable and fit within corporate goals. 
- Const Proj Mgmt pg 225 
 
What are the three categories activities can be divided into? - correct answer Production, Procurement, Administration 
- Const Proj Mgmt pg 231 
 
The standard industry mark-up is...
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NASCLA #3 law Questions with complete solution 2023/2024
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NASCLA #3 law Questions with complete solution 2023/2024What is the first step in the planning and scheduling process? - correct answer Establish the projects objective. Scheduling begins with a plan. The key is that the objective should be attainable and fit within corporate goals. 
- Const Proj Mgmt pg 225 
 
What are the three categories activities can be divided into? - correct answer Production, Procurement, Administration 
- Const Proj Mgmt pg 231 
 
The standard industry mark-up is? - co...
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Business, Law & Project Management (NASCLA) Questions and Answers (Graded A)
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Business, Law & Project Management (NASCLA) Questions and Answers (Graded A)Business, Law & Project Management (NASCLA) Questions and Answers (Graded A)Business, Law & Project Management (NASCLA) Questions and Answers (Graded A) 
 
Be familiar with the elements of a business plan - ANSWER-1-1 to 1-3. 
 
Know the advantages and disadvantages of the different types of business structures - ANSWER-2-1 to 2-7 
 
A Limited Partners Liability (Partnership) is limited to the amount they invested. A maj...
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NASCLA Business, Law and Project Management (Basic) - Practice Test 2 Already Graded A
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NASCLA Business, Law and Project 
Management (Basic) - Practice Test 2 
 
Already Graded A 
 
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 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 D. Unit price method 
 
6-7 
 
_____ requires paying prevailing wages in federally-financ...
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NASCLA Contractors Guide to business and law Alabama 3rd Edition Exam Questions and Answers.
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NASCLA Contractors Guide to business and law Alabama 3rd Edition Exam Questions and Answers.
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NASCLA Business, Law and Project Management, Test Questions With 100% Correct Answers, Latest Update 2024/2025 (Graded)
- Exam (elaborations) • 28 pages • 2024
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NASCLA Business, Law and Project Management, Test Questions With 100% Correct Answers, Latest Update 2024/2025 (Graded) 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, ...
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NASCLA Business, Law, and Project Management 13th Edition - Test 1 Already Passed
- Exam (elaborations) • 27 pages • 2024
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NASCLA Business, Law, and Project 
Management 13th Edition - Test 1 
 
Already Passed 
 
FOB freight prepaid requires _____ to pay for shipping charges. 
 
A. Contractor 
 
B. Buyer 
C. Seller 
 
D. Subcontractor C. 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 D. A Project Manager 
 
8-7 
 
With _____ scheduling, you can link project tasks to specific dates such as delivery dates, ...
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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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