NASCLA EXAM SCRIPT COMPREHENSIVE
TEST BANK REVIEW SHEET SOLVED
QUESTIONS AND ANSWERS
◉ FOB freight prepaid requires __________ to pay for shipping
charges Answer: Seller 14-12
◉ Which of the following is not a member of the supervisory team?
Answer: Project manager 9-7
◉ __________ scheduling consists of dates, delivery dates, payment
schedule and vacations. It is a simplified method. Answer: Calendar
9-3
◉ When working in dwelling that was built prior to 1978, the
employer is to provide each occupant with a pamphlet title
_________? Answer: Protect your family from lead in your home 12-
14
◉ You have ___________ days from the completion of a commercial
structure or commercial construction project to file a lien claim form.
Answer: 90 16-2
◉ A lump sum contract on a project has a total contact price of
$260,000. Retainage has been held back at 10%. The contractor has
, received progress payments for 75% of the project. The contractor
submit a request for final payment should be for? Answer: More than
$80,000 $260,000 * .35= $91,000
◉ Which of the following is not a key characteristic of a sole
proprietor ship? Answer: Business expenses and personal income are
not separated. 2-1
◉ What is the quick ratio or or acid test ratio for a company that has
current assets of $28,000, inventory of $4000, and current liabilities
of $6000? Answer: 4/1 14-7
◉ An EAP is required to be in writing for______employees or more.
Answer: 11 12-3
◉ Who pays into FUTA? Answer: Employer 15-5
◉ What is the purpose of just in time deliveries? Answer: Profit high
and vandalism low. 9-9
◉ Ethics has to do with all but which of the following? Answer:
Lying to the customer. 5-2
◉ Which of the following is not a reward for owning a enterprise?
Answer: Managing cash flow 1-1
TEST BANK REVIEW SHEET SOLVED
QUESTIONS AND ANSWERS
◉ FOB freight prepaid requires __________ to pay for shipping
charges Answer: Seller 14-12
◉ Which of the following is not a member of the supervisory team?
Answer: Project manager 9-7
◉ __________ scheduling consists of dates, delivery dates, payment
schedule and vacations. It is a simplified method. Answer: Calendar
9-3
◉ When working in dwelling that was built prior to 1978, the
employer is to provide each occupant with a pamphlet title
_________? Answer: Protect your family from lead in your home 12-
14
◉ You have ___________ days from the completion of a commercial
structure or commercial construction project to file a lien claim form.
Answer: 90 16-2
◉ A lump sum contract on a project has a total contact price of
$260,000. Retainage has been held back at 10%. The contractor has
, received progress payments for 75% of the project. The contractor
submit a request for final payment should be for? Answer: More than
$80,000 $260,000 * .35= $91,000
◉ Which of the following is not a key characteristic of a sole
proprietor ship? Answer: Business expenses and personal income are
not separated. 2-1
◉ What is the quick ratio or or acid test ratio for a company that has
current assets of $28,000, inventory of $4000, and current liabilities
of $6000? Answer: 4/1 14-7
◉ An EAP is required to be in writing for______employees or more.
Answer: 11 12-3
◉ Who pays into FUTA? Answer: Employer 15-5
◉ What is the purpose of just in time deliveries? Answer: Profit high
and vandalism low. 9-9
◉ Ethics has to do with all but which of the following? Answer:
Lying to the customer. 5-2
◉ Which of the following is not a reward for owning a enterprise?
Answer: Managing cash flow 1-1
