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NASCLA Home Improvement Salesperson Reference Guide2 Questions With 100% Correct Answers.
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NASCLA Home Improvement Salesperson Reference Guide2 Questions With 100% Correct Answers.
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Name: Score:62 Multiple choice questions
Term 1 of 62
What is "Alternative Dispute Resolution?"
The parties themselves set forth the conditions of any agreement with dialogue facilitated
by an independent, third party mediator.
Arbitration uses a third-party arbitrator or arbitrators to act as a judge or judges to render a
decision by which all parties are legally bound.
It bundles all of the cost factors such as labor, materials, equipment, and subcontractors to
come up with a unit price for the entire task.
ADR involves settling legal disputes by avoiding the often costly and time intensive process
of a government judicial trial.
Term 2 of 62
Progress payments are what?
Specifications are details that determine the type of materials or methods to be used in
construction.
Partial payments made after specified phases of construction are complete.
Required Labor Hours per Task x Labor Rate = Labor Cost per Task
Project overhead costs are items that are necessary to complete the project but are not
directly associated with labor and materials.
,Term 3 of 62
What is "Mediation" in ADR?
The parties themselves set forth the conditions of any agreement with dialogue facilitated
by an independent, third party mediator.
Arbitration uses a third-party arbitrator or arbitrators to act as a judge or judges to render a
decision by which all parties are legally bound.
ADR involves settling legal disputes by avoiding the often costly and time intensive process
of a government judicial trial.
Language at the beginning of the contract that provide background to the contract (the
parties, contract content, and reasons for the entering of the contract).
Term 4 of 62
What is a "Unit-Price" Contract?
Language at the beginning of the contract that provide background to the contract (the
parties, contract content, and reasons for the entering of the contract).
A unit-price contract may be used for jobs where the extent of work cannot be fully
determined, or the actual quantities of required items cannot be accurately calculated in
advance.
They are the obligations of the parties and should be specifically outlined in the contract
and include both the contractor's obligations and the owner's obligations.
Arbitration uses a third-party arbitrator or arbitrators to act as a judge or judges to render a
decision by which all parties are legally bound.
, Term 5 of 62
Changes made to a contract after it is signed and executed are called?
Negotiation is a dialogue entered into for the purpose of resolving disputes or producing
an agreed upon course or courses of action.
Historical information from the past year is the best way to predict overhead for the
following year.
Does Not include
modifications
Term 6 of 62
What is the "unit price" method of estimating?
A unit-price contract may be used for jobs where the extent of work cannot be fully
determined, or the actual quantities of required items cannot be accurate calculated in
advance.
It means a sale, lease, or rental of consumer goods or services under a single or multiple
contracts with a purchase price of $25 or more.
It bundles all of the cost factors such as labor, materials, equipment, and subcontractors to
come up with a unit price for the entire task.
The project cost is a calculation of the square footage of the project multiplied by a unit
cost.
Term 7 of 62
"Standard legal language" must be used when specifying risk assignments to make the contract
enforceable. True or false?
True
False
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