Nascla practice exam 3 - Study guides, Class notes & Summaries

1 Exam Prep NASCLA Contractor's Guide to Business, Law, and Project Management, Florida 1st Edition Practice Test 2 1. Which of the following bonds guarantees that the contractor has paid the subcontractor? A. Bid bond B. Performance bond C. Payment bond D. James bond - answerPayment Bond 2. The _____________ method recognizes income when the employer has done the work, yet has not received the income. A. Accrual B. Appreciation C. Deprecation D. Cash - answerCash 3. A __________...

NASCLA PSI EXAM PRACTICE | Questions and Correct Answers | Latest Update 2024/2025 | 100% Pass FOB freight prepaid requires __________ to pay for shipping charges - Answer -Seller 14-12 Which of the following is not a member of the supervisory team? - Answer -Project manager 9-7 __________ scheduling consists of dates, delivery dates, payment schedule and vacations. It is a simplified method. - Answer -Calendar 9- 3 When working in dwelling that was built p

NASCLA Business Law and Management Exam Questions With 100% Correct Answers | Latest Update 2024/2025 | Rated A+. Sole Proprietorship - Correct Answer-a business owned and managed by a single individual Simplest form to set up unlimited Liability Partnerships - Correct Answer-Business organizations in which two or more persons share responsibilities, costs, profits, and losses. C Corporations - Correct Answer-Corporations that have no restrictions on who owns their shares or the number o...

1 Exam Prep NASCLA Contractor's Guide to Business, Law, and Project Management, Florida 1st Edition Practice Test 2 1. Which of the following bonds guarantees that the contractor has paid the subcontractor? A. Bid bond B. Performance bond C. Payment bond D. James bond - answerPayment Bond 2. The _____________ method recognizes income when the employer has done the work, yet has not received the income. A. Accrual B. Appreciation C. Deprecation D. Cash - answerCash 3. A __________...

NASCLA PRACTICE EXAM 9 Questions and Correct Answers | Latest Update 2024/2025 | 100% Pass 3 main reasons contract changes occur - Answer -scope of work, condition unforeseen, change design Crashing - Answer -the process of accelerating a project Quantity Takeoff - Answer -The foundation of a construction estimate Project Closeout - Answer -Primary purpose of the closeout is to formalize project completion and disseminate information to project participants. Bid documents include - An...

NASCLA PSI EXAM PRACTICE QUESTIONS WITH VERIFIED SOLUTIONS FOB freight prepaid requires __________ to pay for shipping charges Seller 14-12 Which of the following is not a member of the supervisory team? Project manager 9-7 __________ scheduling consists of dates, delivery dates, payment schedule and vacations. It is a simplified method. Calendar 9-3 When working in dwelling that was built prior to 1978, the employer is to provide each occupant with a pamphlet title _________? ...

NASCLA PSI EXAM PRACTICE QUESTIONS AND ANSWERS FOB freight prepaid requires __________ to pay for shipping charges - ANS Seller 14-12 Which of the following is not a member of the supervisory team? - ANS Project manager 9-7 __________ scheduling consists of dates, delivery dates, payment schedule and vacations. It is a simplified method. - ANS Calendar 9-3 When working in a dwelling that was built prior to 1978, the employer is to provide each occupant with a pamphlet title...

1 Exam Prep NASCLA Contractor's Guide to Business, Law, and Project Management, Florida 1st Edition Practice Test 2 2023 verified to pass 1. Which of the following bonds guarantees that the contractor has paid the subcontractor? A. Bid bond B. Performance bond C. Payment bond D. James bond - correct answer Payment Bond 2. The _____________ method recognizes income when the employer has done the work, yet has not received the income. A. Accrual B. Appreciation C. Depr...

NASCLA PRACTICE EXAM 9 Questions and Correct Answers | Latest Update 2024/2025 | 100% Pass 3 main reasons contract changes occur - Answer -scope of work, condition unforeseen, change design Crashing - Answer -the process of accelerating a project Quantity Takeoff - Answer -The foundation of a construction estimate Project Closeout - Answer -Primary purpose of the closeout is to formalize project completion and disseminate information to project participants. Bid documents include - An...