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NASCLA PSI EXAM PRACTICE QUESTIONS AND ANSWERS
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NASCLA PSI EXAM PRACTICE QUESTIONS AND ANSWERS
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Name: Score:48 Multiple choice questions
Term 1 of 48
What is the quick ratio or or acid test ratio for a company that has current assets of $28,000,
inventory of $4000, and current liabilities of $6000?
9/12 14-7
4/1 14-7
do 4-4
1/4 14-7
Term 2 of 48
The standard make up in the construction industry is?
15%. 12-22
75 2-5
16%. 7-7
15%. 7-7
Term 3 of 48
Which of the following bonds guarantees that the contractor will complete the project?
Performance bond. 3-4
Performance bond. 9-19
Performance bond. 4-7
Performance bond. 1-6
,Term 4 of 48
Failing to obtain proper workers compensation coverage is punishable by law and includes
fines up to___for the first 10 days.
$5,000 16-26
$5,000 11-12
$5,000 12-17
seller 14-12
Term 5 of 48
If the contact is ambiguous , the interpretation will go against who?
The party who benefits most from the contract 8-15
The party who signed the contract last 8-12
The party who wrote the contact 8-10
The party who negotiated the contract terms 8-8
Term 6 of 48
Which of the following is not a key characteristic of a partnership?
B. shared decision-making authority. 3-3
D. Continuance of organization is case of death of a partner. 2-2
C. profit sharing among partners. 4-4
A. unlimited liability for all partners. 1-1
Term 7 of 48
The____method recognizes income when the employer has received it.
B. Cash. 14-8
B. Cash. 19-20
B. Cash. 4-7
B. Cash. 1-6
,Term 8 of 48
An EAP is required to be in writing for______employees or more.
5 10-1
11 12-3
15 13-4
20 14-2
Term 9 of 48
Which is not an advantage of a partnership?
Multiple decision makers. 1-2
Multiple decision makers. 3-13
Multiple decision makers. 12-32
Multiple decision makers. 2-2
Term 10 of 48
Which of the following does not apply to a C corporation?
Limited life of the business 1-4
Limited life of the business 12-22
Limited life of the business 7-27
Limited life of the business 2-3
Term 11 of 48
The MSDS provides for two main purposes; one purpose is product information, the other
purpose is _______________ information.
Safety. 5-3
Financial. 10-4
Chemical. 12-6
Marketing. 8-1
, Term 12 of 48
What is the total project overhead for a project that last for months and has the following
cost? Labor is $5000 materials or $10,000, equipment rentals or $2000, superintendent's
annual salary is $40,000, office rent is $500 per month; in office utilities or $400 per month.
A Between $12,000 and $16,000. The only project overhead is going to be the salary of
the superintendent. 40.000/13=3333.33 * 4 months
A Between $12,100 and $16,000. The only project overhead is going to be the salary of
the superintendent. 40.000/12=3333.33 * 4 months
A Between $12,000 and $15,990. The only project overhead is going to be the salary of
the superintendent. 40.000/12=3333.33 * 4 months
A Between $12,000 and $16,000. The only project overhead is going to be the salary of
the superintendent. 40.000/12=3333.33 * 4 months
Term 13 of 48
Which of the following enterprises are double taxed?
managing cash flow 1-1
1 Exam Prep, Inc. 2-3
counter offer 8-1,8-2
1 Exam Prep, Inc. 22-23
Term 14 of 48
When working in dwelling that was built prior to 1978, the employer is to provide each
occupant with a pamphlet title _________?
Protect your family from lead in your home 12-14
Avoiding mold in your house 11-10
Understanding electrical hazards 15-2
Safe plumbing practices 13-5
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