Exam (elaborations)
NASCLA NC STATE LAW QUESTIONS AND ANSWERS
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NASCLA NC STATE LAW QUESTIONS AND ANSWERS
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Name: Score:84 Multiple choice questions
Term 1 of 84
11-7 How long do you keep files after termination
1 month or 5 years in general
6 months or 1 year in general
2 years or indefinitely
1 year or 3 years in general
Term 2 of 84
11-8 Who does the American with Disability Act cover
Persons with epilepsy, paralysis, HIV infection, AIDS, substantial hearing or visual,
mental retardation, specific hearing disability.
Persons with temporary injuries, minor disabilities, or age-related issues.
Persons with chronic illnesses that do not affect their daily activities.
Persons seeking employment in high-risk jobs regardless of their health status.
,Term 3 of 84
7-4 What is one accurate method for estimating
Cash Flow Analysis summarises your current cash position, cash sources and use if funds
over a given time. If you want to finance a major project lenders will look at it to see if
you meet obligations.
6 CALENDER - simple method, done on calendar, you link project tasks to specific dates.
BARCHART - similar to calendar easy to read, visual, graphical.
Requires the performance and payments of bonds on all federal construction projects
valued greater than $100k. It protects the subs for payment of work and supplies.
QUANTITY TAKE OFF METHOD - You individually estimate units of material and labor for
each task - then add sub fees, labor burden, project OH, equipment, contingencies,
allowances, company overhead and profit.
Term 4 of 84
Disadvantage of a C corporation
pass-through taxation
double taxation
income tax
limited liability
,Term 5 of 84
WCI Fraud
includes
-claims for injuries that do not exist
-injuries not job related
-falsely exaggerating injuries
-doctor exaggerating injuries or overcharging
-employer lying about payroll about job descriptions and number of employees
QUANTITY TAKE OFF METHOD - You individually estimate units of material and labor for
each task - then add sub fees, labor burden, project OH, equipment, contingencies,
allowances, company overhead and profit.
TOTAL dollar amount required for the bond, LENGTH of the bond, REQUIREMENTS for
notice of defect; BOND enforcement
LEASING is a long term rental agreement that provides the benefits of using without
purchasing. PURCHASING advantage is long useful life and will not become obsolete in
the short term.
Term 6 of 84
Planning is considered ______________ part of an estimate
resource allocation
financial forecasting
non-production
production planning
Term 7 of 84
9 - 2 What is Float time
Float time is the time allocated for breaks during project work.
Float time is the amount time an activity can be delayed without impacting the early start
of the next activity. Zero float = critical path.
Float time indicates the maximum time an activity can exceed its budget.
Float time refers to the total duration of a project from start to finish.
, Term 8 of 84
If an employee notifies OSHA of a violation and the employer discriminates against the
employee
The employee must report within 15 days of the act
The employee must report within 60 days of the act
The employee must report within 90 days of the act
The employee must report within 30 days of the act
Term 9 of 84
(Current Assets - Inventory)/ current liabilities
direct and indirect cost
= Quick Ratio
double taxation
=profitability margin
Term 10 of 84
What is Company OH
office equip, accounting, taxes, telephone, legal and admin labor.
raw materials, construction tools, and subcontractor payments.
project management software, employee training, and safety equipment.
marketing strategies, customer outreach, and sales commissions.
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