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1 Exam Prep NASCLA Contractor's Guide to Business, Law, and Project Management, Florida 1st Edition Practice Test 1 Questions & Answers.$7.99
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Term 1 of 49
44. What is the quick ratio (or acid test ratio) for a company that has current assets of $28,000,
inventory of $4,000, and current liabilities of $6,000?
4/1
1/4
7/1
1/7
Term 2 of 49
32. A(n) _________________ is issued prior to the execution of a contract.
Addendum
Change order
Modification
Insurance policy
Term 3 of 49
16. Who pays into workers' compensation?
Property owner
Building contractor
Employer
Employee
,Term 4 of 49
3. A ___________________ bundles all cost factors for entire task.
Lump sum
Cost plus
Percent completion method
Unit price method
Term 5 of 49
42. Which of the following programs applies to high injury sites?
Programmed inspections
Unprogrammed inspections
Automatic inspections
Involuntary inspections
Term 6 of 49
37. When conflict exists between plans and specifications, one must follow _____________.
Specifications
Building codes
UL
The stricter of the specs or codes
, Term 7 of 49
41. What is the return on total assets if there is a net profit (after taxes) or $16,000 and total assets
of
$48,000?
1/3
3/1
1/1
3/3
Term 8 of 49
19. Worker's compensation is paid for by the_____________.
Homeowner
Employee
Employer
Government
Term 9 of 49
2. The _____________ method recognizes income when the employer has done the work, yet has not
received the income.
Accrual
Appreciation
Deprecation
Cash
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