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Exam (elaborations)

Nascla Contractors Guide To Business, Law, And Project Management Exam

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NASCLA CONTRACTORS GUIDE TO BUSINESS, LAW, AND PROJECT MANAGEMENT EXAM

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Labor tables show:
1. correct local labor rates
2. current local union labor rates
3. number of hours to do a task
4. all the above


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3. number of hours to do a task (BM?)

,Given the following information, what is the liquidity ratio?
Current Assets $99,400 Net Income $20,400
Current Liabilities $33,050. Revenue $302,240
Current Receivables $26,100. Total Assets $157,600
Equity $99,550 Totat Dept $58,050
Inventory $35,200
1. .63
2. 3.01
3. .52
4. .368


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2. 3.01 (BM 14-7) Liquidity Ratio = Current Assets / Current Liabilities =
$99,400 / $33,050 = 3.01




The American Disabilities Act (ADA) was passed:
1. 1969
2. 1990
3. 1970
4. 1992


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2. 1990 (BM)




In NC publice contracts exceeding _______, the HVAC, plumbing, electrical, & general
contracting must be separate specifications.
1. $100,000
2. $250,000

,3. $300,000
4. $500,000


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3. $300,000 (BM)




The unit price method of estimating is:
1. Lists all materials & labor for a project
2. a grouping of the component costs of an item into a particular unit
3. uses a formula based on the floor area of a project
4. is based on costs, guides for similar projects


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2. A grouping of the component costs of an item into a particular unit (BM
7-7)




A surety bond protects the owner.
1. True
2. False


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1. True (BM 4-7)




Given the following information, what is the return on investment?
Current Assets $99,400 Net Income $20,400
Current Liabilities $33,050. Revenue $302,240

, Current Receivables $26,100. Total Assets $157,600
Equity $99,550 Totat Dept $58,050
Inventory $35,200
1. .102
2. .129
3. .208
4. .317


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2. .129 (BM?) Return on Investment = Net Income / Total Assets = $20,400 /
$157,600 = .129




Time cards must be kept for a minimum of:
1. 3 years
2. 4 years
3. 5 years
4. 10 years


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2. 4 years (BM)




People exempt from being paid overtime par are not:
1. Administrative
2. Sales
3. Paraprofessional
4. Management


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