1 EXAM PREP NASCLA CONTRACTOR'S GUIDE TO
BUSINESS, LAW, AND PROJECT MANAGEMENT,
FLORIDA 1ST EDITION TEST 1 UPDATED ACTUAL
QUESTIONS AND CORRECT ANSWERS
Question:
1. FOB freight prepaid requires
__________ to pay for shipping
charges.
A. Contractor
B. Buyer
C. Seller
D. Subcontractor
Answer:
Seller
Question:
2. Which of the following is not a
member of the supervisory?
A. Foreman
B. materials expediter
C. Owner's representative
D. Project manager
Answer:
Project Manager
Question:
3. __________ scheduling consists of
dates, delivery dates, payment
schedule and vacations. It is a
simplified method.
A. Calendar
B. Bar chart
C. Gantt
Answer:
Calendar
Question:
4. When working in dwelling that
was built prior to 1978, the
employer is to provide each
occupant with a pamphlet
____________titled.
A. Protect your family from lead
in your home
, B. Protect your loved ones from
lead in your home
C. Protect your family and your
friends from lead in your home
D. Pamphlets are not required
Answer:
Protect your family from lead in your home
Question:
5. Who pays into a worker's
unemployment
compensation?
A. Property owner
B. Building contractor
C. Employer
D. Employee
Answer:
Employer
Question:
6. 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
submits a request for final
payment should be for?
A. More than $80,000
B. Less than $50,000
C. Between $50,001 and $60,000
D. Between $60,001 and $70,000
Answer:
More than $80,000
Question:
7. Which of the flowing is not a
key characteristic of a sole
proprietorship?
A. termination at death of the
owner
B. Business expenses and
personal income are not
separated
C. Taxed as ordinary income
D. Must bear all responsibility
BUSINESS, LAW, AND PROJECT MANAGEMENT,
FLORIDA 1ST EDITION TEST 1 UPDATED ACTUAL
QUESTIONS AND CORRECT ANSWERS
Question:
1. FOB freight prepaid requires
__________ to pay for shipping
charges.
A. Contractor
B. Buyer
C. Seller
D. Subcontractor
Answer:
Seller
Question:
2. Which of the following is not a
member of the supervisory?
A. Foreman
B. materials expediter
C. Owner's representative
D. Project manager
Answer:
Project Manager
Question:
3. __________ scheduling consists of
dates, delivery dates, payment
schedule and vacations. It is a
simplified method.
A. Calendar
B. Bar chart
C. Gantt
Answer:
Calendar
Question:
4. When working in dwelling that
was built prior to 1978, the
employer is to provide each
occupant with a pamphlet
____________titled.
A. Protect your family from lead
in your home
, B. Protect your loved ones from
lead in your home
C. Protect your family and your
friends from lead in your home
D. Pamphlets are not required
Answer:
Protect your family from lead in your home
Question:
5. Who pays into a worker's
unemployment
compensation?
A. Property owner
B. Building contractor
C. Employer
D. Employee
Answer:
Employer
Question:
6. 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
submits a request for final
payment should be for?
A. More than $80,000
B. Less than $50,000
C. Between $50,001 and $60,000
D. Between $60,001 and $70,000
Answer:
More than $80,000
Question:
7. Which of the flowing is not a
key characteristic of a sole
proprietorship?
A. termination at death of the
owner
B. Business expenses and
personal income are not
separated
C. Taxed as ordinary income
D. Must bear all responsibility
