6/3/25, 8:20 AM AFSB 152 Practice Exam ACTUAL EXAM QUESTIONS WITH COMPLETE SOLUTION GUIDE) (MULTIPLE CHOICES) (A+ GRADE…
AFSB 152 Practice Exam ACTUAL EXAM
QUESTIONS WITH COMPLETE SOLUTION GUIDE)
(MULTIPLE CHOICES) (A+ GRADED 100%
VERIFIED) LATEST VERSION 2025
Save
Terms in this set (50)
https://quizlet.com/1050802145/afsb-152-practice-exam-actual-exam-questions-with-complete-solution-guide-multiple-choices-a-graded-100-verified-l… 1/50
,6/3/25, 8:20 AM AFSB 152 Practice Exam ACTUAL EXAM QUESTIONS WITH COMPLETE SOLUTION GUIDE) (MULTIPLE CHOICES) (A+ GRADE…
Contractor A submits a bid A. Because the next highest bid ($1 million) is 25
of $800,000, Contractor B percent more than the low bid ($800,000), which is
submits $1 million, greater than a 10 percent difference, the bond
Contractor C submits $1.2 underwriter would carefully investigate the
million, and Contractor D differences and may not issue the performance and
submits $1.1 million. Which payment bonds.
one of the following
explains the outcome of
applying the 10 percent
rule for bids?
A. Because the next
highest bid ($1 million) is
25 percent more than the
low bid ($800,000), which
is greater than a 10
percent difference, the
bond underwriter would
carefully investigate the
differences and may not
issue the performance
and payment bonds.
B. Because the difference
between the high and low
bids is 50 percent more
than the low bid of
$800,000, which is greater
than a 10 percent
difference, the bond
underwriter would
probably decline to issue
the performance and
payment bonds.
C. Because the average of
the next two highest bids
https://quizlet.com/1050802145/afsb-152-practice-exam-actual-exam-questions-with-complete-solution-guide-multiple-choices-a-graded-100-verified-l… 2/50
,6/3/25, 8:20 AM
g
AFSB 152 Practice Exam ACTUAL EXAM QUESTIONS WITH COMPLETE SOLUTION GUIDE) (MULTIPLE CHOICES) (A+ GRADE…
is 1.05 million, and the
difference between this
amount and the low bid is
31.25 percent more than
the low bid of $800,000,
which is greate
Which one of the D. A basic status report shows specific and limited
following is true regarding data for a contract.
types of contact status
reports?
Select one:
A. As comprehensive
reports contain cumulative
data, analyzing a series of
reports is not necessary.
B. Only the
comprehensive report can
prove useful in
establishing billing-cost-
gross profit relationships.
C. Both basic and
comprehensive reports
provide a complete
financial profile.
D. A basic status report
shows specific and limited
data for a contract.
https://quizlet.com/1050802145/afsb-152-practice-exam-actual-exam-questions-with-complete-solution-guide-multiple-choices-a-graded-100-verified-l… 3/50
, 6/3/25, 8:20 AM AFSB 152 Practice Exam ACTUAL EXAM QUESTIONS WITH COMPLETE SOLUTION GUIDE) (MULTIPLE CHOICES) (A+ GRADE…
Samuel has been asked to D. The parent company's domicile.
underwrite a contract
bond for an entity
operating in the U.S. that
has an international
parent. He is only willing
to write the bond through
a cooperative
underwriting agreement,
with indemnity
agreements from the
foreign parent and the U.S.
entity. Under this
arrangement, it is
important that the
indemnification be
perfected and
enforceable under the
laws of
A. The state where the
project owner is located.
B. The location of the
project.
C. The state where the U.S.
entity is located.
D. The parent company's
domicile.
https://quizlet.com/1050802145/afsb-152-practice-exam-actual-exam-questions-with-complete-solution-guide-multiple-choices-a-graded-100-verified-l… 4/50
AFSB 152 Practice Exam ACTUAL EXAM
QUESTIONS WITH COMPLETE SOLUTION GUIDE)
(MULTIPLE CHOICES) (A+ GRADED 100%
VERIFIED) LATEST VERSION 2025
Save
Terms in this set (50)
https://quizlet.com/1050802145/afsb-152-practice-exam-actual-exam-questions-with-complete-solution-guide-multiple-choices-a-graded-100-verified-l… 1/50
,6/3/25, 8:20 AM AFSB 152 Practice Exam ACTUAL EXAM QUESTIONS WITH COMPLETE SOLUTION GUIDE) (MULTIPLE CHOICES) (A+ GRADE…
Contractor A submits a bid A. Because the next highest bid ($1 million) is 25
of $800,000, Contractor B percent more than the low bid ($800,000), which is
submits $1 million, greater than a 10 percent difference, the bond
Contractor C submits $1.2 underwriter would carefully investigate the
million, and Contractor D differences and may not issue the performance and
submits $1.1 million. Which payment bonds.
one of the following
explains the outcome of
applying the 10 percent
rule for bids?
A. Because the next
highest bid ($1 million) is
25 percent more than the
low bid ($800,000), which
is greater than a 10
percent difference, the
bond underwriter would
carefully investigate the
differences and may not
issue the performance
and payment bonds.
B. Because the difference
between the high and low
bids is 50 percent more
than the low bid of
$800,000, which is greater
than a 10 percent
difference, the bond
underwriter would
probably decline to issue
the performance and
payment bonds.
C. Because the average of
the next two highest bids
https://quizlet.com/1050802145/afsb-152-practice-exam-actual-exam-questions-with-complete-solution-guide-multiple-choices-a-graded-100-verified-l… 2/50
,6/3/25, 8:20 AM
g
AFSB 152 Practice Exam ACTUAL EXAM QUESTIONS WITH COMPLETE SOLUTION GUIDE) (MULTIPLE CHOICES) (A+ GRADE…
is 1.05 million, and the
difference between this
amount and the low bid is
31.25 percent more than
the low bid of $800,000,
which is greate
Which one of the D. A basic status report shows specific and limited
following is true regarding data for a contract.
types of contact status
reports?
Select one:
A. As comprehensive
reports contain cumulative
data, analyzing a series of
reports is not necessary.
B. Only the
comprehensive report can
prove useful in
establishing billing-cost-
gross profit relationships.
C. Both basic and
comprehensive reports
provide a complete
financial profile.
D. A basic status report
shows specific and limited
data for a contract.
https://quizlet.com/1050802145/afsb-152-practice-exam-actual-exam-questions-with-complete-solution-guide-multiple-choices-a-graded-100-verified-l… 3/50
, 6/3/25, 8:20 AM AFSB 152 Practice Exam ACTUAL EXAM QUESTIONS WITH COMPLETE SOLUTION GUIDE) (MULTIPLE CHOICES) (A+ GRADE…
Samuel has been asked to D. The parent company's domicile.
underwrite a contract
bond for an entity
operating in the U.S. that
has an international
parent. He is only willing
to write the bond through
a cooperative
underwriting agreement,
with indemnity
agreements from the
foreign parent and the U.S.
entity. Under this
arrangement, it is
important that the
indemnification be
perfected and
enforceable under the
laws of
A. The state where the
project owner is located.
B. The location of the
project.
C. The state where the U.S.
entity is located.
D. The parent company's
domicile.
https://quizlet.com/1050802145/afsb-152-practice-exam-actual-exam-questions-with-complete-solution-guide-multiple-choices-a-graded-100-verified-l… 4/50
