Exam (elaborations)
NASCLA BUSINESS LAW AND MANAGMENT EXAM SC QUESTIONS AND ANSWERS
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NASCLA BUSINESS LAW AND MANAGMENT EXAM SC QUESTIONS AND ANSWERS
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Name: Score:105 Multiple choice questions
Definition 1 of 105
Employers are required to to verify the employment eligibility of all individuals hired through I-
9 Forms. These forms must be kept on file for at least 3 years after the date of the hire or for
one year after the date employment ends.
Johnson-reed Act
Immigration and Nationality Act
Volstead Act
Homeland Labor Act
Definition 2 of 105
Outlines the steps in making the determination for recording work related ilnesses and injuries
Required Contract Elements
Foreman
OSHA Injury Decision Time
Provisions To Limit Risk
Definition 3 of 105
An invitation to Bid
Bid instructions
Bid forms
Supplements
Bookkeeping
Bid peddling
Bid Documents include
Contract documents and project manual
,Definition 4 of 105
- Having proper Licensure
- Securing Building permits
- ordering all materials and supplies
- finishing all labor
- completing work up to code
- completing all work according to plans
- Keeping the construction site clean
Contract Documents and project manual
Contract Provisions
Presentation materials
Contractor's Obligations
Definition 5 of 105
if you have written policys or an employee handbook, have your employees sign a receipt that
the employee has received and reviewed it.
Policy Signoffs
The Davis bacon law
Reciprocity
Negotiation Basics
Definition 6 of 105
Guarantees that the contractor will complete a contract within its time frame an conditions
Maintenance Bond
Fidelity Bond
Payment Bond
Performance Bond
,Definition 7 of 105
Include Social Security
Medicare
Federal income tax withholding
Federal unemployment tax
Income Tax
Federal Estate Tax
Federal Employment Tax
Federal Gift Tax
Definition 8 of 105
Summary of project highlights that address items completed, in progress, and outstanding.
Lessons-learned Reports
Progress Reports
Requirements Reports
Status Reports
Definition 9 of 105
Cover Page, Executive summary, Company summary, Products and services, Market analysis,
Marketing Stragety, Financle plan
Purpose of licensing
Required contract elements
Types of contsruction contracts
Elements of a Business plan
, Definition 10 of 105
American institute of Architechs (AIA)
Associated General Contractors (AGC)
The Accounting Cycle
Renewal of License
Sources of Contracts
Provisions to Limit Risk
Definition 11 of 105
Ensuring the customer receives a quality built product is one of the most important aspects of
project managment.
Quality Assurance
Quality Management
Quality Improvement
Reciprocity
Definition 12 of 105
Protect Health, Safety, and welfare of the public
Provisions to limit risk
Sources of contracts
Purpose of licensing
Renewal of license
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