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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 completion method D. Unit price method correct answer: D. Unit price method 6-7 _____ requires paying prevailing wages in federally-financed projects. A. Service Contract Act B. Walsh-Healey Act C...

ADA correct answers Americans with Disabilities Act AGC correct answers Associated General Contractors of America ADEA correct answers Age Discrimination in Employment Act AIA correct answers American Institute of Architects What does a balance sheet consist of? correct answers Company's assets, liabilities, and owners equity davis bacon act correct answers federal law that requires payment of prevailing wage rates and fringe benefits on federally financed or assisted constructio...

____ and _____ are two essential parts to a business plan correct answers 1. Planning Tool 2. Loan Document 3. Investor Document 4. Benchmarking Tool Select two standard components of a business plan correct answers 1. Marking Strategy 2. Executive Strategy _____ is the biggest drawback of a sole proprietorship. correct answers Unlimited Personal Liability If you are a sole proprietor and complete work under a name that is not your own, you would be required to file a _____ ...

NASCLA - Principles and Practices of Commercial Construction Exam Questions With Verified Answers When freely dropping concrete into forms, you should never be more than how far of a distance away? - answer1 meter For concrete to be placed in water there is a special method that is used. What is the method? - answertremie In order to have 3/4 hour fire rating, a wood column in a wood structure should be what typical size or larger if supporting floors? - answer8 x 8" What should be use...

NASCLA PRACTICE EXAM 1 Questions With Verified Answers Balance sheet, income statement, statement of cashflow - answerThree types of financial statements Sustainable practices - answerspecifically consider a building project's long term impact on the environment Board feet - answerThe volume of wood needed for a project Design-Build method of project delivery - answerOwner contracts with one entity to provide both design and construction services. Design-build firm subcontracts as neces...

NASCLA- Part 1 Exam Questions With Verified Answers Benefits of a Business Plan - 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 - answer-cover page -executive summary -company summary -list of services/products -market analysis -marketing strategy -financial plan Business Plan Pitfalls - answer-not portraying a accurate picture of your business -not keeping it simple in...

Law and Business Exam 1 Questions With Verified Answers The department may refuse to issue a license or certificate to an applicant who has done which of the following? - answerHas submitted false or misleading information -has had a license denied -has failed to meet the minimum qualifications -any of these listed Form I-9 must be kept for at least _________ years from the date of hire. - answer3 According to the state of South Carolina, which of the following can be classified as an en...

NASCLA Exam Questions With Verified Answers Key Functions of a business plan - answer1.) Planning tool 2.) Loan or Investor Document 3.) Benchmarking Tool Elements of a business plan - answer1.) Cover page 2.) Executive Summary 3.) Company Summary 4.) Products and Services 5.) Market Analysis 6.) Marketing Strategy 7.) Financial Plan CECPMMF Sole proprietorship - answeryou are the sole owner - exposes to unlimited liability for business debt Disadvantages of a sole proprietorship ...

NC Business and Law Exam Questions And Answers (Updated And Verified) File notice of contract within 30 days of issuance of - answerbuilding permit file the claim of lien within - answer120 days responsible for securing permit to build - answercontractor must have license for projects more than - answer30,000 how many members on the licensing board - answernine the contractor has 90 days to replace the - answerqualifier licenses expire - answer12/31, licenses invalid ______ days after 1...

NASCLA Contractors Guide Exam Questions With Verified Answers When a business is purchased by a new owner, what happens in regards to the "EIN"? - answerA new EIN is required A clause that means that a subcontractor is bound by the same obligations as are required of the general contractor is called: - answerFlow-down clause What are the three key functions on a business plan? - answerPlanning Tool, Loan or Investor Document, Benchmarking tool A contractor's Business Plan does NOT inc...

NASCLA Contractors Guide to business, law and project management Exam Questions And Answers (Updated And Verified) Entrepreneurs are often regarded as... - answerRisk takers Whats found in a business plan? - answerCover page, executive summary, company summary, products and services, market analysis, marketing strategy, and financial plan. What is a market analysis? - answerYour target market, market trends, and major competitors are defined under market analysis. What is a cover page? -...