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NASCLA Contractors Bundled Exams Questions and Answers 100% Verified and Updated 2024 | Graded A
NASCLA Contractors Bundled Exams Questions and Answers 100% Verified and Updated 2024 | Graded A
- Package deal
- • 2 items •
- MHIC NASCLA CONTRACTORS EXAM REVIEW 2024 QUESTIONS AND ANSWERS • Exam (elaborations)
- NASCLA BUSINESS LAW EXAM QUESTIONS AND ANSWERS • Exam (elaborations)
NASCLA Contractors Bundled Exams Questions and Answers 100% Verified and Updated 2024 | Graded A
Exam Prep NASCLA Contractor's Guide to Business, Law, and Project Management, Florida 1st Edition Practice Test 2 100% Correct Solved
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...
- Exam (elaborations)
- • 16 pages •
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...
Exam Prep NASCLA Contractor's Guide to Business, Law, and Project Management, Florida 1st Edition Practice Test 1 100% Solved
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...
- Exam (elaborations)
- • 32 pages •
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
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...
- Exam (elaborations)
- • 20 pages •
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 and Project Management (Basic) - Practice Test 2 100% Solved
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...
- Exam (elaborations)
- • 20 pages •
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
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...
- Package deal
- Exam (elaborations)
- • 13 pages •
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...
MHIC NASCLA CONTRACTORS EXAM REVIEW 2024 QUESTIONS AND ANSWERS
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...
- Package deal
- Exam (elaborations)
- • 22 pages •
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...
INSY-3303 FINAL EXAM STUDY GUIDE WITH COMPLETE SOLUTIONS
the answers are incorrect
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