Nascla 3 law - Study guides, Class notes & Summaries

NASCLA Contractors Guide Virginia, 8th Ed Chapters 3 Exam Questions and Answers What is the major Purpose of Licensing? - ANS ️️ A major purpose of licensing is to protect the Health, safety, and welfare of the public. -Licensing also defines the scope of occupational practice legally reserved for license holders. What does Licensing establish? - ANS ️️ Licensing establishes entrance requirements, standards of practice, and disciplinary authority to protect the public from unqual...

Exam Prep NASCLA Contractor's Guide to Business, Law, and Project Management, Florida 1st Edition Practice Test 2 Already Passed 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 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. Deprecation D. Cash...

NASCLA #3 law Questions with complete solution 2023/2024What is the first step in the planning and scheduling process? - correct answer Establish the projects objective. Scheduling begins with a plan. The key is that the objective should be attainable and fit within corporate goals. - Const Proj Mgmt pg 225 What are the three categories activities can be divided into? - correct answer Production, Procurement, Administration - Const Proj Mgmt pg 231 The standard industry mark-up is? - co...

NASCLA Business, Law and Project Management (Basic) - Practice Test 2 Already Graded A The _____ method recognizes income when the employer has done the work but has not received the income. A. Accrual B. Appreciation C. Depreciation D. Cash A. Accrual 13-7 A _____ bundles all cost factors for entire task. A. Lump sum B. Cost plus C. Percent completion method D. Unit price method D. Unit price method 6-7 _____ requires paying prevailing wages in federally-financ...

NASCLA #3 law Question and answers correctly solved 2023/2024 What is the first step in the planning and scheduling process? - correct answer Establish the projects objective. Scheduling begins with a plan. The key is that the objective should be attainable and fit within corporate goals. - Const Proj Mgmt pg 225 What are the three categories activities can be divided into? - correct answer Production, Procurement, Administration - Const Proj Mgmt pg 231 The standard industry mark-up is...

Exam 1 Prep NASCLA Contractor's Guide to Business, Law, and Project Management, Florida 1st Edition Practice Test 1 Already Passed 1. FOB freight prepaid requires __________ to pay for shipping charges. A. Contractor B. Buyer C. Seller D. Subcontractor Seller 2. Which of the following is not a member of the supervisory? A. Foreman B. materials expediter C. Owner's representative D. Project manager Project Manager 3. __________ scheduling consists of date...

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 - ANS 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. Deprecation D. Cash - ANS ...

NASCLA Business, Law and Project Management, Test Questions With 100% Correct Answers, Latest Update 2024/2025 (Graded) The _____ method recognizes income when the employer has done the work but has not received the income. A. Accrual B. Appreciation C. Depreciation D. Cash - Correct Answer-A. Accrual 13-7 A _____ bundles all cost factors for entire task. A. Lump sum B. Cost plus C. Percent completion method D. Unit price method - Correct Answer-D. Unit price method NASCLA Business, ...