NASCLA PSI EXAM PRACTICE UPDATED ACTUAL Questions and
CORRECT Answers
1. FOB freight prepaid requires to pay for Seller 14-12
shipping charges
2. Which of the following is not a member of the Project manager 9-7
supervisory team?
3. scheduling consists of dates, delivery Calendar 9-3
dates, payment schedule and vacations. It is a sim-
plified method.
4. When working in dwelling that was built prior to Protect your family from lead in
1978, the employer is to provide each occupant your home 12-14
with a pamphlet title ?
5. You have days from the completion of a 90 16-2
commercial structure or commercial construction
project to file a lien claim form.
6. A lump sum contract on a project has a total con- More than $80,000 $260,000 *
tact price of $260,000. Retainage has been held .35= $91,000
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?
7. Which of the following is not a key characteristic of Business expenses and person-
a sole proprietor ship? al income are not separated. 2-1
8. What is the quick ratio or or acid test ratio for a 4/1 14-7
company that has current assets of $28,000, inven-
tory of $4000, and current liabilities of $6000?
9. An EAP is required to be in writing for employ- 11 12-3
ees or more.
1/5
, NASCLA PSI EXAM PRACTICE UPDATED ACTUAL Questions and
CORRECT Answers
10. Who pays into FUTA? Employer 15-5
11. What is the purpose of just in time deliveries? Profit high and vandalism low.
9-9
12. Ethics has to do with all but which of the following? Lying to the customer. 5-2
13. Which of the following is not a reward for owning Managing cash flow 1-1
a enterprise?
14. Which of the following is not covered under the Paper cut. 11-7
ADA?
15. A job estimated to cost $1 million. However, two Joint venture. 2-6
companies have a Of $500,000. They can legally do
this job if they ?
16. The standard make up in the construction industry 15%. 7-7
is?
17. Which is not an advantage of a partnership? Multiple decision makers. 2-2
18. Prohibits firing due to taking of property. Wage Garnishment law 11-8
19. The maximum number of shareholders permitted 75 2-5
within an S corporation is?
20. The state sales tax is Percent of the gross sales 6 15-8
for materials purchased or leased in New Jersey.
21. Delegating provides for all but the following? I can do it all 5-1,5-2
22. The most important aspect of a contract is ? Understanding. 8-2
23. Turnkey. 8-6
2/5
CORRECT Answers
1. FOB freight prepaid requires to pay for Seller 14-12
shipping charges
2. Which of the following is not a member of the Project manager 9-7
supervisory team?
3. scheduling consists of dates, delivery Calendar 9-3
dates, payment schedule and vacations. It is a sim-
plified method.
4. When working in dwelling that was built prior to Protect your family from lead in
1978, the employer is to provide each occupant your home 12-14
with a pamphlet title ?
5. You have days from the completion of a 90 16-2
commercial structure or commercial construction
project to file a lien claim form.
6. A lump sum contract on a project has a total con- More than $80,000 $260,000 *
tact price of $260,000. Retainage has been held .35= $91,000
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?
7. Which of the following is not a key characteristic of Business expenses and person-
a sole proprietor ship? al income are not separated. 2-1
8. What is the quick ratio or or acid test ratio for a 4/1 14-7
company that has current assets of $28,000, inven-
tory of $4000, and current liabilities of $6000?
9. An EAP is required to be in writing for employ- 11 12-3
ees or more.
1/5
, NASCLA PSI EXAM PRACTICE UPDATED ACTUAL Questions and
CORRECT Answers
10. Who pays into FUTA? Employer 15-5
11. What is the purpose of just in time deliveries? Profit high and vandalism low.
9-9
12. Ethics has to do with all but which of the following? Lying to the customer. 5-2
13. Which of the following is not a reward for owning Managing cash flow 1-1
a enterprise?
14. Which of the following is not covered under the Paper cut. 11-7
ADA?
15. A job estimated to cost $1 million. However, two Joint venture. 2-6
companies have a Of $500,000. They can legally do
this job if they ?
16. The standard make up in the construction industry 15%. 7-7
is?
17. Which is not an advantage of a partnership? Multiple decision makers. 2-2
18. Prohibits firing due to taking of property. Wage Garnishment law 11-8
19. The maximum number of shareholders permitted 75 2-5
within an S corporation is?
20. The state sales tax is Percent of the gross sales 6 15-8
for materials purchased or leased in New Jersey.
21. Delegating provides for all but the following? I can do it all 5-1,5-2
22. The most important aspect of a contract is ? Understanding. 8-2
23. Turnkey. 8-6
2/5
