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NASCLA Contractors Guide Arkansas 5th edition Questions With Complete Solutions

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How many members of the board are consumers? correct answer: 2 what laws secure the right of employees to decide if they wish to support or join a union? correct answer: right to work __________ is anything of value correct answer: Consideration which of the following establishes an empl...

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NASCLA Contractor's Guide Questions With Complete Solutions

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The standard industry mark-up is? correct answer: 15% - Bus Law & Proj Mgmt pg 7-7 Which of the following is important to consider in order to avoid inaccuracies when making an accurate project estimate? A) Units of measure B) Time involved C) Overhead Costs D) Productivity time correct ans...

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NASCLA Business, Law, and Project Management 13th Edition - Test 1 Questions With Complete Solutions

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FOB freight prepaid requires _____ to pay for shipping charges. A. Contractor B. Buyer C. Seller D. Subcontractor correct answer: C. Seller 13-11 _____ is NOT a member of the supervisory team. A. A Foreman B. A Material expediter C. The Owner's representative D. A Project manager...

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NASCLA PSI EXAM PRACTICE (BUSINESS LAW & PROJECT MANAGEMENT) QUESTIONS WITH COMPLETE SOLUTIONS

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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 ...

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NASCLA - Contractors Guide to Business, Law, and Project Management Questions With Complete Solutions

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A business must meet the requirement of the Fair Labor Standards Act when there are more than how many employees? correct answer: 1 What is the primary purpose of ventilating unconditioned spaces? correct answer: to control moisture Oxygen cylinders shall be stored where? correct answer: se...

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Nascla and GENERAL CONTRACTOR A Questions With Complete Solutions.

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In built up roofs, cant strips shall extend how many inches up the vertical surface? correct answer: 5" Air entertainment should always be specified for concrete exposed to what? correct answer: Freezing and thawing In a post tensioning environment, when a two-stroke pull is required, the f...

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NASCLA PRACTICE EXAM QUESTIONS WITH COMPLETE SOLUTION

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A limited partners liability is limited to what amount? correct answer: To the amount they invest in A contracts license is required for any contract greater than what? correct answer: $30,000 When and where should you display your license? correct answer: At your place of business and it s...

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1 Exam Prep NASCLA Contractor's Guide to Business, Law, and Project Management, Florida 1st Edition Practice Test 1 Questions With Complete Solutions

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1. FOB freight prepaid requires __________ to pay for shipping charges. A. Contractor B. Buyer C. Seller D. Subcontractor correct answer: Seller 2. Which of the following is not a member of the supervisory? A. Foreman B. materials expediter C. Owner's representativ...

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NASCLA Contractors Guide to Business, Law, and Project Management Questions With Complete Solutions

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Elements of a Business Plan correct answer: Cover Page, Executive Summary, Company Summary, Products & Services, Market Analysis, Marketing Strategy, and Financial Plan Sole Proprietorships correct answer: Adv: Min legal restrictions, simple ownership form, low startup costs, sole ownership of ...

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NASCLA BUSINESS LAW QUESTIONS WITH COMPLETE SOLUTIONS

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A form of business ownership is least regulated correct answer: sole proprietor Under which form of business organization are all investors fully liable for all debts of the business. correct answer: partnership owner who is looking for maximum protection from personal liability correct answ...

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NASCLA Contractors Guide Questions With Complete Solutions.

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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 ...

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NASCLA Commercial Building Exam Questions With Complete Solutions.

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What is the minimum ceiling height for means of Egress? correct answer: Not less than 7 feet 6 inches Emergency Power must illuminate for how long? correct answer: No less than 90 minutes Elevators are required in a building with how many stories? correct answer: More than 3 (or at least 4)...

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NASCLA Home Improvement Salesperson MARYLAND Questions With Complete Solutions

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A Home Improvement Contractor is a person who offers to... correct answer: perform repairs for a homeowner. What is the MAXIMUM deposit permitted for a project with a total contract price of $1,500? correct answer: $500 What is the MAXIMUM amount that a home improvement contactor may pay to ...

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NASCLA Contractors Guide to business and law Alabama 3rd Edition Questions With Complete Solutions

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Sole Proprietorship correct answer: a business owned and managed by a single individual If doing business not under Sole proprietorship you need to file a "doing business as" to? correct answer: Alabama Secretary of State what are the 2 types of partnerships correct answer: 1.General 2.L...

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MHIC NASCLA Contractors Guide Questions With Complete Solutions.

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How long does a claimant have to bring a claim against the guaranty fund? correct answer: 3 years from discovery of the loss or damage How many days does a contractor have to respond in writing to the copy of claim that was sent by the commission? correct answer: 10 days If within ________ a...

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NASCLA Business, Law and Project Management (Basic) - Practice Test 2 Questions With Complete Solutions

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The _____ method recognizes income when the employer has done the work but has not received the income. A. Accrual B. Appreciation C. Depreciation D. Cash correct answer: A. Accrual 13-7 A _____ bundles all cost factors for entire task. A. Lump sum B. Cost plus C. Percent completio...

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MHIC NASCLA CONTRACTORS EXAM REVIEW QUESTIONS WITH COMPLETE SOLUTIONS

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Does home improvement include work done on an individual condominium unit? correct answer: Yes Does home improvement include work done on a swimming pool? correct answer: Yes Does a home improvement contract HAVE to be in writing in order to preserve your lien rights? correct answer: Yes ...

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NASCLA Electrical Questions With Complete Solutions

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For terminations using wire binding screws, conductors not larger than ___________________ are not allowed correct answer: 10 AWG (110.14(A)) The high leg of a delta system must be ________________________ correct answer: Orange (110.15) Minimum DEPTH of a clear working space is correct answ...

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NASCLA Developing Your Stormwater Pollution Prevention Plan Questions With Complete Solutions

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NASCLA Developing Your Stormwater Pollution Prevention Plan Questions With Complete Solutions

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Business, Law & Project Management (NASCLA)- NC General Contractor 8th Edition – Questions With Complete Solutions

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Be familiar with the elements of a business plan correct answer: 1-1 to 1-3. Know the advantages and disadvantages of the different types of business structures correct answer: 2-1 to 2-7 A Limited Partners Liability (Partnership) is limited to the amount they invested. A major disadvantage ...

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NASCLA- Part 1 (Getting Your Business Off The Ground) Questions With Complete Solutions

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Benefits of a Business Plan correct answer: -blueprint for your business -used as a planning and benchmarking tool -sometimes requires by bank, loan officers or investors Elements of a Business Plan correct answer: -cover page -executive summary -company summary -list of services/produ...

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NASCLA Exam Questions With Complete Solutions

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Wood plates are being laid out so that the rough openings for the doors can be located. Anchor bolts must be placed so that there is a bolt located within how many inches from the end of each section plate? correct answer: 12 inches A contractor puts in a claim under a comprehensive standard gen...

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NASCLA EXAM| 75 QUESTIONS| WITH COMPLETE SOLUTIONS

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Determine LF of wall 24' at 16"oc correct answer: 193.25' Max spacing of web cross bracing for wood trusses? correct answer: 20' Screw type to attach drywall to metal stud correct answer: Type S Weld washers are req'd for metal thickness less than what? correct answer: 0.028 (22 ga...

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NASCLA Contractor's Guide, NASCLA Contractors Guide Questions With Complete Solutions

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3 elements of a business plan correct answer: -cover page -executive summary -company summary -products and services -market analysis -marketing strategy -financial plan advantages of sole proprietorship correct answer: -minimal legal restrictions -simple ownership form -low start up co...

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NASCLA BOOKS COMBINED QUESTIONS WITH COMPLETE SOLUTIONS

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When do you need a permit for a retaining wall correct answer: When it is over 4 feet tall The building official may revoke a permit if correct answer: it is issued in error or in violation of an ordinance Who can issue a notice of violation correct answer: Building Department Shear Wall...

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NASCLA PRACTICE EXAM QUESTIONS WITH COMPLETE SOLUTIONS

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Performance Bond correct answer: Guarantees that the contractor will complete a contract with in its time frame and conditions Payment Bonds correct answer: Guarantees subcontractors and suppliers that they will be paid for work if they perform properly under a contract Maintenance bond corr...

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