Nascla 3 law - Study guides, Class notes & Summaries
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FL Business Procedures (NASCLA) correctly answered

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NASCLA Business, Law and Project Management (Basic) - Practice Test 2 updated to pass

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NASCLA Contractors guide 3 questions & answers graded A+
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NASCLA BUSINESS LAW LATEST UPDATE GRADED A+
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NASCLA BUSINESS LAW LATEST 
 
UPDATE GRADED A+ 
 
sole proprietor A form of business ownership is least regulated 
 
partnership Under which form of business organization are all investors fully liable for all 
debts of the business. 
 
S corporation owner who is looking for maximum protection from personal liability 
 
leaving something out worst possible error in estimating 
 
source documents the paperwork related to purchase order, credit card receipts and so on... 
 
Income Statement A fina...
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NASCLA Business, Law and Project Management (Basic) - Practice Test 2 100% Solved
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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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NASCLA Business, Law and Project Management (Basic) - Practice Test 2 100% Solved
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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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NASCLA Business, Law and Project Management (Basic) - Practice Test 2 100% Solved
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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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NASCLA Business, Law and Project Management (Basic) - Practice Test 2 100% Solved
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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
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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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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 13th Edition - Test 1 Question & Answers 2024.
- Exam (elaborations) • 11 pages • 2024
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NASCLA Business, Law, and Project Management 13th Edition - Test 1 Question & Answers 2024. 
 
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 Business Law and Management Exam Questions With 100% Correct Answers | Latest Update 2024/2025 | Rated A+
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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...
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