NASCLA Study guides, Class notes & Summaries

NASCLA Contractors Guide to business and law Alabama Exam Questions And Answers Sole Proprietorship - a business owned and managed by a single individual If doing business not under Sole proprietorship you need to file a "doing business as" to? - Alabama Secretary of State what are the 2 types of partnerships - 1.General 2.Limited Each partner is responsible for the acts of the other partners when they act in the name of business - General Partnership liable only for the previously ag...

Business, Law & Project Management (NASCLA) Exam Questions And Answers Fully Verified Be familiar with the elements of a business plan - answer1-1 to 1-3. Know the advantages and disadvantages of the different types of business structures - answer2-1 to 2-7 A Limited Partners Liability (Partnership) is limited to the amount they invested. A major disadvantage of a General Partnership is ____________________________________ - answerunlimited personal liability for all general partners A ...

NASCLA - Contractors Guide to Business, Law, and Project Management Exam Questions And Answers Fully Verified A business must meet the requirement of the Fair Labor Standards Act when there are more than how many employees? - answer1 What is the primary purpose of ventilating unconditioned spaces? - answerto control moisture Oxygen cylinders shall be stored where? - answerseparate from fuel gas cylinders by a minimum of 20' Which of the following is included in a company's general ove...

NASCLA Exam Practice Questions With Verified Answers Which type of device is most accurate to determine a reference plane for leveling? - answerTheodolite Each suspension rope used on non-adjustable suspension scaffolds shall be capable of supporting at least ___ the maximum intended load applied to that rope. - answer6 times What can have detrimental impacts on the environment? - answerStormwater runoff When is the deadline to file electronic W-2 Forms with the Social Security Administra...

Exam Prep NASCLA Contractor's Guide to Business, Law, and Project Management, Florida 1st Edition Practice Test 1 100% Solved 1. FOB freight prepaid requires __________ to pay for shipping charges. A. Contractor B. Buyer C. Seller D. Subcontractor - Answer- 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 - Answer- Project Manager 3. __________ scheduling consists of dates, deli...

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...

NASCLA BUSINESS LAW EXAM QUESTIONS AND ANSWERS sole proprietor - Answer- A form of business ownership is least regulated partnership - Answer- Under which form of business organization are all investors fully liable for all debts of the business. S corporation - Answer- owner who is looking for maximum protection from personal liability leaving something out - Answer- worst possible error in estimating source documents - Answer- the paperwork related to purchase order, credit card recei...

Exam Prep NASCLA Contractor's Guide to Business, Law, and Project Management, Florida 1st Edition Practice Test 2 100% Correct Solved 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 - 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. Deprecation D. Cash - Answer...

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...

MHIC NASCLA CONTRACTORS EXAM REVIEW 2024 QUESTIONS AND ANSWERS Does home improvement include work done on an individual condominium unit? - Answer- Yes Does home improvement include work done on a swimming pool? - Answer- Yes Does a home improvement contract HAVE to be in writing in order to preserve your lien rights? - Answer- Yes Contractors who can only contract with a contractor or a subcontractor are: - Answer- Subcontractors A county or municipality in Maryland _____________ requi...