NASCLA EXAM QUESTIONS AND
ANSWES 100% CORRECT!
___________ is anything of value.
A. A signature
B. Consideration
C. A date
D. A counter offer - ANSWER D. A counter offer
A salesman may not represent more than _________ contractor(s) at any one time.
A. 1
B. 2
C. 3
D. 4 - ANSWER B. 2
____________ damages are when an injured party can seek monetary damages for the
loss suffered as a result of the breach of a contract.
(I. Liquidated, II. Immaterial, III. Stated Damage)
A. I. Only
B. I. and II.
C. I. and III.
D. II Only - ANSWER C. I. and III.
______________ is a provision written into a contract that is used to limit risk in case of
labor strikes.
A. Force majeure
B. Force divine
C. External force
D. Deterrent - ANSWER C. External Force
, According to the NASCLA Home Improvement Salesperson Reference Guide contract
provisions typically contained in a project manual include_______________?
A. Form of Agreement, change orders, index drawings
B. Form of agreement, required bonds, index drawings
C. Certificate of insurance, change orders, index drawings
D. None of the above - ANSWER A. Form of Agreement, change orders, index
drawings
Which is not considered a clear phrase to use when advertising that installation is an
extra charge?
A.Installation at extra cost
B. Installation fee may apply
C. Plus installation
D. Installation extra - ANSWER B. Installation fee may apply
Which of the following is not considered an unlawful practice for a seller?
A. Fail to furnish the buyer a completed receipt or copy of the contract
B. Fail to inform the buyer's right to cancel
C. Fail or refuse to honor any valid notice of cancellation
D. Fail to call or email buyer with a promotion - ANSWER D. Fail to call or email buyer
with a promotion
Labor burden, such as employment taxes and insurance adds _______% to your labor
cost?
A. 20%
B. 40%
C. 30%
D. 35% - ANSWER C. 30%
Which of the following is considered good ethical conduct in bidding?
A. Bid shopping
B. Bid peddling
C. Bid rigging
D. None of the above - ANSWER D. None of the above