NASCLA Contractors Guide Questions With Complete Solutions.

Other than a serious violation correct answer: Discretionary penalty up to $7k each Serious violation correct answer: Mandatory penalty up to $7k each Willful violation correct answer: Up to $70K w/ minimum penalty of $5k each Repeated violation correct answer: Up to $70k Failure to Abate Prior correct answer: Civil penalty of $7k/day not corrected De minimis violation correct answer: documented but not cited Falsifying records correct answer: up to $10k fine or 6 months in jail Failure to posting correct answer: up to $7k Assaulting a compliance officer correct answer: Up to $5k and 3yr imprisonment Bonds correct answer: Risk transfer methods that covers a contractor's inability to perform a task/job Types of Bonds correct answer: -performance -maintenance -bid -payment -completion -fidelity -lien -bank letter of credit -subcontractor's bond Parts of a business plan correct answer: cover page, executive summary, company summary, products and sales, market analysis, marketing strategy, financial plan