FOB freight prepaid requires __________ to pay for shipping charges - ANSWER Seller
14-12
Which of the following is not a member of the supervisory team? - ANSWER Project
manager 9-7
__________ scheduling consists of dates, delivery dates, payment schedule and vacations. It
is a simplified method. - ANSWER Calendar 9-3
When working in dwelling that was built prior to 1978, the employer is to provide each occu-
pant with a pamphlet title _________? - 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. - 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? - ANSWER More than
$80,000 $260,000 * .35= $91,000
Which of the following is not a key characteristic of a sole proprietor ship? - 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? - ANSWER 4/1 14-7
1
, An EAP is required to be in writing for______employees or more. - ANSWER 11 12-3
Who pays into FUTA? - ANSWER Employer 15-5
What is the purpose of just in time deliveries? - ANSWER Profit high and vandalism low.
9-9
Ethics has to do with all but which of the following? - ANSWER Lying to the customer. 5-2
Which of the following is not a reward for owning a enterprise? - ANSWER Managing
cash flow 1-1
Which of the following is not covered under the ADA? - 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___? - ANSWER Joint venture. 2-6
The standard make up in the construction industry is? - ANSWER 15%. 7-7
Which is not an advantage of a partnership? - ANSWER Multiple decision makers. 2-2
___Prohibits firing due to taking of property. - ANSWER Wage Garnishment law 11-8
The maximum number of shareholders permitted within an S corporation is? - ANSWER
75 2-5
The state sales tax is___Percent of the gross sales for materials purchased or leased in New
Jersey. - ANSWER 6 15-8
2