NASCLA CONTRACTOR'S GUIDE TO BUSINESS, LAW, AND PROJECT MANAGEMENT QUESTIONANSWERS

NASCLA CONTRACTOR'S GUIDE TO BUSINESS, LAW, AND PROJECT MANAGEMENT, FLORIDA 1ST EDITION NASCLA CONTRACTOR'S GUIDE TO BUSINESS, LAW, AND PROJECT MANAGEMENT QUESTIONANSWERS 1. Which of the following bonds guarantees that the contractor has paid the subcontractor? A. Bid bond B. Performance bond C. Payment bond D. James bond - Accurate AnswerPayment Bond 2. The _____________ method recognizes income when the employer has done the work, yet has not received the income. A. Accrual B. Appreciation C. Deprecation D. Cash - Accurate AnswerCash 3. A ___________________ bundles all cost factors for entire task. A. Lump sum B. Cost plus C. Percent completion method D. Unit price method - Accurate AnswerUnit Price Method 4. _______________ requires paying prevailing wages in federally-financed projects.