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NASCLA Contractor's Guide, NASCLA Contractors Guide with Complete Solutions

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NASCLA Contractor's Guide, NASCLA Contractors Guide with Complete Solutions 3 elements of a business plan - Answer️️ --cover page -executive summary -company summary -products and services -market analysis -marketing strategy -financial plan advantages of sole proprietorship - Answer�...

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  • August 30, 2024
  • 13
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Contractors License
  • Contractors License
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©PREP4EXAMS 2024/2025 REAL EXAM DUMPS Tuesday, August 6, 2024 10,57 AM



NASCLA Contractor's Guide, NASCLA Contractors
Guide with Complete Solutions




3 elements of a business plan - Answer✔️✔️--cover page


-executive summary

-company summary

-products and services

-market analysis

-marketing strategy

-financial plan


advantages of sole proprietorship - Answer✔️✔️--minimal legal restrictions


-simple ownership form

-low start up costs

-sole ownership of profits

-freedom in decision making process



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, ©PREP4EXAMS 2024/2025 REAL EXAM DUMPS Tuesday, August 6, 2024 10,57 AM


disadvantages of sole proprietorship - Answer✔️✔️--unlimited personal liability


-less available capital

-possible difficulty obtaining long-term financing

-dissolution of the business on the even of the owner's death


who has limited liability in the company? - Answer✔️✔️-limited partners


advantages of a general partnership - Answer✔️✔️--ease of formation


-direct profit rewards

-larger management base than that of a sole proprietorship


disadvantages of a general partnership - Answer✔️✔️--unlimited personal liability of

general partners

-multiple decision makers

-limited life of the business

-changes of partners or partnership agreement may be difficult

-partnership dissolves in the event of the death of a general partner


bid documents - Answer✔️✔️--invitation to bid


-bid instructions



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