NASCLA CONTRACTORS GUIDE TO BUSINESS, LAW, AND PROJECT MANAGEMENT EXAM QUESTIONS AND ANSWERS GRADED A+ 100% VERIFIED.

NASCLA CONTRACTORS GUIDE TO BUSINESS, LAW, AND
PROJECT MANAGEMENT EXAM QUESTIONS AND ANSWERS
GRADED A+ 100% VERIFIED.




1. When setting up a business, the is the simplest form of doing
business.



1. Sole Proprietorship



2. Partnership


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, 3. Corporation



4. S-Corpotation ANS >>> 1. Sole Proprietorship (BM 2-1)



2. Which of the following is not a primary element of a contract?



1. Offer



2. Deliberation



3. Acceptance



4. Consideration ANS >>> 2. Deliberation (BM 8-1)



3. N.C. franchise tax is based on a rate of ANS >>>



1. $1.50/$1000



2. $2.25/$1000
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, 3. $3.70/$1000



4. $4.20/$1000 ANS >>> 1. $1.50/$1000 (BM 15-7)



4. The 4 M's of planning don't include ANS >>>



1. Materials



2. Manpower



3. Market Survey



4. Machinery ANS >>> 3. Market Survey (BM)



5. People exempt from being paid overtime par are not ANS >>>



1. Administrative



2. Sales
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, 3. Paraprofessional



4. Management ANS >>> 3. Paraprofessional (BM 11-5)



6. The disadvantages of a Sole Proprietorship is/are ANS >>>



1. Unlimited personal Liability



2. Dissolution of the business in the event of owner's death



3. Less available capital



4. All the above ANS >>> 4. All the above (BM 2-1)



7. Which of the following types of insurance should be secured?



1. Worker's Compensation



2. Motor Vehicle
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