1|Page
NASCLA CONTRACTOR'S GUIDE, NASCLA CONTRACTORS
GUIDE QUESTIONS AND CORRECT VERIFIED ANSWERS
2025
3 elements of a business plan - Answer: -cover page
-executive summary
-company summary
-products and services
-market analysis
-marketing strategy
-financial plan
3 types of scheduling methods - Answer: calendar
bar chart
critical path
dates, delivery dates, payment schedules and employee vacations are what type of
scheduling? - Answer: calendar
what is the main weakness of bar chart and calendar scheduling? - Answer: do not
show the interdependencies of activities
shows the activity duration and sequence of tasks to be completed - Answer: bar
chart scheduling
shows the relationship between tasks - Answer: critical path method of scheduling
what is not a part of cash management? - Answer: bidding
bidding is a part of what? - Answer: project management
prohibited hiring questions - Answer: how old are you
do you have any disabilities
are you pregnant
are you married
do you have children
religion
sexual orientation
ethnicity
, 2|Page
employee documentation - Answer: I-9
w-4
w-5
state tax form
employment application
policy signoffs
emergency notification forms
what applies to employers that have one or more employees? - Answer: fair labor
standards act
fair labor standards act - Answer: prescribes standards for the basic minimum
wage and overtime pay
how many hours are in a work week - Answer: 168
not following the FSLA results in what? - Answer: penalties
how many days do you have to complete I-9 forms? - Answer: 3
how long must you keep immigration and I-9 forms? - Answer: 3 years after the
date of hire
americans with disabilities act - Answer: applies to employers with 15+ employees
prohibits discrimination of persons with disabilities
advantages of sole proprietorship - Answer: -minimal legal restrictions
-simple ownership form
-low start up costs
-sole ownership of profits
-freedom in decision making process
disadvantages of sole proprietorship - Answer: -unlimited personal liability
-less available capital
-possible difficulty obtaining long-term financing
-dissolution of the business on the even of the owner's death
who has limited liability in the company? - Answer: limited partners
NASCLA CONTRACTOR'S GUIDE, NASCLA CONTRACTORS
GUIDE QUESTIONS AND CORRECT VERIFIED ANSWERS
2025
3 elements of a business plan - Answer: -cover page
-executive summary
-company summary
-products and services
-market analysis
-marketing strategy
-financial plan
3 types of scheduling methods - Answer: calendar
bar chart
critical path
dates, delivery dates, payment schedules and employee vacations are what type of
scheduling? - Answer: calendar
what is the main weakness of bar chart and calendar scheduling? - Answer: do not
show the interdependencies of activities
shows the activity duration and sequence of tasks to be completed - Answer: bar
chart scheduling
shows the relationship between tasks - Answer: critical path method of scheduling
what is not a part of cash management? - Answer: bidding
bidding is a part of what? - Answer: project management
prohibited hiring questions - Answer: how old are you
do you have any disabilities
are you pregnant
are you married
do you have children
religion
sexual orientation
ethnicity
, 2|Page
employee documentation - Answer: I-9
w-4
w-5
state tax form
employment application
policy signoffs
emergency notification forms
what applies to employers that have one or more employees? - Answer: fair labor
standards act
fair labor standards act - Answer: prescribes standards for the basic minimum
wage and overtime pay
how many hours are in a work week - Answer: 168
not following the FSLA results in what? - Answer: penalties
how many days do you have to complete I-9 forms? - Answer: 3
how long must you keep immigration and I-9 forms? - Answer: 3 years after the
date of hire
americans with disabilities act - Answer: applies to employers with 15+ employees
prohibits discrimination of persons with disabilities
advantages of sole proprietorship - Answer: -minimal legal restrictions
-simple ownership form
-low start up costs
-sole ownership of profits
-freedom in decision making process
disadvantages of sole proprietorship - Answer: -unlimited personal liability
-less available capital
-possible difficulty obtaining long-term financing
-dissolution of the business on the even of the owner's death
who has limited liability in the company? - Answer: limited partners
