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1 Exam Prep NASCLA Contractor's Guide to Business, Law, and Project Management, Florida 1st Edition Practice Test 2 2024 With 100% Correct Answers Guarantee PassR244,03
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1 Exam Prep NASCLA Contractor's Guide to Business, Law, and Project Management, Florida 1st Edition Practice Test 2 2024 With 100% Correct Answers Guarantee Pass
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Course
NASCLA
Institution
NASCLA
1 Exam Prep NASCLA Contractor's Guide to Business, Law, and Project Management, Florida 1st Edition Practice Test 2 2024 With 100% Correct Answers Guarantee Pass
1 Exam Prep NASCLA Contractor's Guide to Business, Law, and Proje... file:///C:/Users/HP/Desktop/New%20fo/1%20Exam%20Prep%20N
1 Exam Prep NASCLA Contractor's Guide to Business,
Law, and Project Management, Florida 1st Edition
Practice Test 2
1. 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
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,1 Exam Prep NASCLA Contractor's Guide to Business, Law, and Proje... file:///C:/Users/HP/Desktop/New%20fo/1%20Exam%20Prep%20N
Answer Payment Bond
2. 2. The method recognizes income when the employer hasdone the
work, yet has not
received the income.
A. Accrual
B. Appreciation
C. Deprecation
D. Cash
Answer Cash
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3. 3. A bundles all cost factors for entire task.
A. Lump sum
B. Cost plus
C. Percent completion method
D. Unit price method
Answer Unit Price Method
4. 4. requires paying prevailing wages in federally-financedprojects.
A. Service Contract Act
B. Walsh-Healey Act
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C. Wage Garnishment Law
D. Davis-Bacon Act
Answer Service Contract Act
5. 5. absolves the indemnified party from any payment forlosses
and damages
incurred by a third party.
A. Indemnification
B. Delays and extensions of time
C. Schedule acceleration
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