Business Law & Project Management
NASCLA PSI EXAM PRACTICE
FOB freight prepaid requires __________ to pay for shipping charges -
CORRECT ANSWER-Seller 14-12
Which of the following is not a member of the supervisory team? - CORRECT
ANSWER-Project manager 9-7
__________ scheduling consists of dates, delivery dates, payment schedule and
vacations. It is a simplified method. - CORRECT 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 _________? - CORRECT 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. - CORRECT
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? - CORRECT ANSWER-More than $80,000 $260,000 *
.35= $91,000
Which of the following is not a key characteristic of a sole proprietor ship? -
CORRECT 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? - CORRECT
ANSWER-4/1 14-7
, An EAP is required to be in writing for______employees or more. - CORRECT
ANSWER-11 12-3
Who pays into FUTA? - CORRECT ANSWER-Employer 15-5
What is the purpose of just in time deliveries? - CORRECT ANSWER-Profit high
and vandalism low. 9-9
Ethics has to do with all but which of the following? - CORRECT ANSWER-Lying
to the customer. 5-2
Which of the following is not a reward for owning a enterprise? - CORRECT
ANSWER-Managing cash flow 1-1
Which of the following is not covered under the ADA? - CORRECT
ANSWER-Paper cut. 11-7
A job estimated to cost $1 million. However, two companies have a Of $500,000.
They can legally do this job if they___? - CORRECT ANSWER-Joint venture. 2-6
The standard make up in the construction industry is? - CORRECT
ANSWER-15%. 7-7
Which is not an advantage of a partnership? - CORRECT ANSWER-Multiple
decision makers. 2-2
___Prohibits firing due to taking of property. - CORRECT ANSWER-Wage
Garnishment law 11-8
The maximum number of shareholders permitted within an S corporation is? -
CORRECT ANSWER-75 2-5
The state sales tax is___Percent of the gross sales for materials purchased or
leased in New Jersey. - CORRECT ANSWER-6 15-8
Delegating provides for all but the following? - CORRECT ANSWER-I can do it
all 5-1,5-2
NASCLA PSI EXAM PRACTICE
FOB freight prepaid requires __________ to pay for shipping charges -
CORRECT ANSWER-Seller 14-12
Which of the following is not a member of the supervisory team? - CORRECT
ANSWER-Project manager 9-7
__________ scheduling consists of dates, delivery dates, payment schedule and
vacations. It is a simplified method. - CORRECT 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 _________? - CORRECT 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. - CORRECT
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? - CORRECT ANSWER-More than $80,000 $260,000 *
.35= $91,000
Which of the following is not a key characteristic of a sole proprietor ship? -
CORRECT 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? - CORRECT
ANSWER-4/1 14-7
, An EAP is required to be in writing for______employees or more. - CORRECT
ANSWER-11 12-3
Who pays into FUTA? - CORRECT ANSWER-Employer 15-5
What is the purpose of just in time deliveries? - CORRECT ANSWER-Profit high
and vandalism low. 9-9
Ethics has to do with all but which of the following? - CORRECT ANSWER-Lying
to the customer. 5-2
Which of the following is not a reward for owning a enterprise? - CORRECT
ANSWER-Managing cash flow 1-1
Which of the following is not covered under the ADA? - CORRECT
ANSWER-Paper cut. 11-7
A job estimated to cost $1 million. However, two companies have a Of $500,000.
They can legally do this job if they___? - CORRECT ANSWER-Joint venture. 2-6
The standard make up in the construction industry is? - CORRECT
ANSWER-15%. 7-7
Which is not an advantage of a partnership? - CORRECT ANSWER-Multiple
decision makers. 2-2
___Prohibits firing due to taking of property. - CORRECT ANSWER-Wage
Garnishment law 11-8
The maximum number of shareholders permitted within an S corporation is? -
CORRECT ANSWER-75 2-5
The state sales tax is___Percent of the gross sales for materials purchased or
leased in New Jersey. - CORRECT ANSWER-6 15-8
Delegating provides for all but the following? - CORRECT ANSWER-I can do it
all 5-1,5-2
