NASCLA Business, Law, and Project Management Latest Edition - Test 1 Questions with 100% Correct Answers
NASCLA Business, Law, and Project Management Latest Edition - Test 1 Questions with 100% Correct Answers _____ does NOT apply to a C corporation. A. Transfer of ownership through sale of stock B. Limited life of the business C. Separate legal entity D. Availability of capital resources - B. Limited life of the business 2-3 _____ insurance will protect an organization's officer. A. Key Man Life B. Commercial General Liability C. Director's and Officer's Liability D. Professional Liability Insurance - C. Director's and Officer's Liability 3-4 _____ is NOT a key characteristic of a sole proprietorship. 2-1 A. The termination at death of the owner B. Business expenses and personal income are not separated C. The net income is taxed as ordinary income D. The owner/owners must bear all responsibility - B. Business expenses and personal income are not separated _____ is NOT a key element of a contract. A. Offer and Acceptance B. Consideration C. Competent Parties D. Understanding the agreement - D. Understanding the agreement 7-2 _____ is NOT a member of the supervisory team. A. A Foreman B. A Material expediter C. The Owner's representative D. A Project manager - D. A Project Manager
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