Nascla test 3 - Study guides, Class notes & Summaries
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NASCLA Contractor's Guide To Business, Law, And Project Management, Florida 1st Edition Test Questions And Answers | Latest Update 2024/2025 (GRADED)
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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. 
NASCLA Contractor's Guide To Business, Law, 
And Project Management, Florida 1st Edition 
Test Questions And Answers | Latest Update 
2024/2025 (GRADED) 
pg. 2 professoraxe 
l 
A. Accrual 
B. Ap...
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NASCLA Test 1 Question and answers rated A+ 2023/2024
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NASCLA Test Question and answers rated A+ 2023/2024____ and _____ are two essential parts to a business plan - correct answer 1. Planning Tool 
 
2. Loan Document 
 
3. Investor Document 
 
4. Benchmarking Tool 
 
Select two standard components of a business plan - correct answer 1. Marking Strategy
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1 Exam Prep NASCLA Contractor's Guide to Business, Law, and Project Management, Florida 1st Edition Practice Test 2
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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 __________...
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NASCLA Business, Law and Project Management (Basic) - Practice Test 2 100% Solved
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NASCLA Business, Law and Project Management 
(Basic) - Practice Test 2 100% Solved 
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 - 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 - Answer- D. Unit price method 
6-7 
_____ requires paying prevailing wages in federally-financed p...
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NASCLA Business, Law and Project Management (Basic) - Practice Test 2 100% Solved
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NASCLA Business, Law and Project Management 
(Basic) - Practice Test 2 100% Solved 
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 - 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 - Answer- D. Unit price method 
6-7 
_____ requires paying prevailing wages in federally-financed p...
And that's how you make extra money
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NASCLA Business, Law and Project Management (Basic) - Practice Test 2 100% Solved
- Exam (elaborations) • 20 pages • 2024
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NASCLA Business, Law and Project Management 
(Basic) - Practice Test 2 100% Solved 
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 - 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 - Answer- D. Unit price method 
6-7 
_____ requires paying prevailing wages in federally-financed p...
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NASCLA Business, Law, and Project Management 13th Edition - Test 1 Question & Answers 2024
- Exam (elaborations) • 11 pages • 2024
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NASCLA Business, Law, and Project Management 13th Edition - Test 1 Question & Answers 2024 
 
FOB freight prepaid requires _____ to pay for shipping charges. 
 
A. Contractor 
B. Buyer 
C. Seller 
D. Subcontractor 
C. Seller 
 
13-11 
_____ is NOT a member of the supervisory team. 
 
A. A Foreman 
B. A Material expediter 
C. The Owner's representative 
D. A Project manager 
D. A Project Manager 
 
8-7 
With _____ scheduling, you can link project tasks to specific dates such as delivery dates, p...
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NASCLA Business, Law, and Project Management 13th Edition - Test 1 Question & Answers 2024.
- Exam (elaborations) • 11 pages • 2024
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NASCLA Business, Law, and Project Management 13th Edition - Test 1 Question & Answers 2024. 
 
FOB freight prepaid requires _____ to pay for shipping charges. 
 
A. Contractor 
B. Buyer 
C. Seller 
D. Subcontractor 
C. Seller 
 
13-11 
_____ is NOT a member of the supervisory team. 
 
A. A Foreman 
B. A Material expediter 
C. The Owner's representative 
D. A Project manager 
D. A Project Manager 
 
8-7 
With _____ scheduling, you can link project tasks to specific dates such as delivery dates, ...
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NASCLA Business, Law and Project Management (Basic) - Practice Test 2 100% Solved
- Exam (elaborations) • 20 pages • 2024
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NASCLA Business, Law and Project Management 
(Basic) - Practice Test 2 100% Solved 
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 - 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 - Answer- D. Unit price method 
6-7 
_____ requires paying prevailing wages in federally-financed p...
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NASCLA Business, Law, and Project Management Latest Edition - Test 1 Questions with 100% Correct Answers
- Exam (elaborations) • 11 pages • 2024
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NASCLA Business, Law, and Project 
Management Latest Edition - Test 1 
Questions with 100% Correct Answers 
_____ does NOT apply to a C corporation. 
A. Transfer of ownership through sale of stock 
B. Limited life of the business 
C. Separate legal entity 
D. Availability of capital resources - B. Limited life of the business 
2-3 
_____ insurance will protect an organization's officer. 
A. Key Man Life 
B. Commercial General Liability 
C. Director's and Officer's Liability 
D. P...
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