1 Exam Prep NASCLA Contractor's Guide to Business, Law, and Project Management, Florida 1st Edition Practice Test 1 Questions and Answers(A+ Solution guide)

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 Manager3. __________ scheduling consists of dates, delivery dates, payment schedule and vacations. It is a simplified method. A. Calendar B. Bar chart C. Gantt - Answer Calendar 4. When working in dwelling that was built prior to 1978, the employer is to provide each occupant with a pamphlet ____________titled. A. Protect your family from lead in your home B. Protect your loved ones from lead in your home C. Protect your family and your friends from lead in your home D. Pamphlets are not required - Answer Protect your family from lead in your home 5. Who pays into a worker'sunemployment compensation? A. Property owner B. Building contractor C. Employer D. Employee - Answer Employer 6. A lump sum contract on a project has a total contact price of $260,000. Retainage has been held back at 10%. The contractor has received progress payments for 75% of the project. The contractor submits a request for final payment should be for? A. More than $80,000 B. Less than $50,000 C. Between $50,001 and $60,000 D. Between $60,001 and $70,000 - Answer More than $80,0007. Which of the flowing is not a key characteristic of a sole proprietorship? A. termination at death of the owner B. Business expenses and personal income are not separated C. Taxed as ordinary income D. Must bear all responsibility - Answer Business expenses and personal income are not separated