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NASCLA Business, Law and Project Management (Basic) – Practice Test 2 Exam Questions and Answers (A+ Grade, 100% Guaranteed Success)

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This document contains Practice Test 2 exam questions and verified answers for the NASCLA Business, Law and Project Management (Basic) section. It covers essential topics such as contractor licensing, business operations, contract law, financial management, labor regulations, and project management principles. The material is structured to provide accurate, up-to-date preparation for learners aiming for top performance.

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Uploaded on
December 9, 2025
Number of pages
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Written in
2025/2026
Type
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Questions & answers

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NASCLA BUSINESS, LAW AND PROJECT MANAGEMENT (BASIC) - PRACTICE TEST 2
EXAM QUESTIONS AND ANSWERS GRADED A+ 100% GUARANTEED SUCCESS.




The _____ method recognizes income when the employer has done the
work but has not received the income.


A. Accrual
B. Appreciation
C. Depreciation
D. Cash - correct answer A. Accrual


13-7


A _____ bundles all cost factors for entire task.


A. Lump sum
B. Cost plus
C. Percent completion method

,D. Unit price method - correct answer D. Unit price method


6-7


_____ requires paying prevailing wages in federally-financed projects.


A. Service Contract Act
B. Walsh-Healey Act
C. Wage Garnishment Law
D. Davis-Bacon Act - correct answer D. Davis-Bacon Act


10-7


_____ absolves the indemnified party from any payment for losses and
damages incurred by a third party.


A. Indemnification
B. Delays and extensions of time
C. Schedule acceleration
D. Force majeure - correct answer A. Indemnification


7-4

, An Emergency Action plan should include _____.


A. Student's name
B. Employer's name
C. Administrator's name
D. Next of kin - correct answer C. Administrator's Name


11-3


The MSDS provides for two main purposes: one purpose is product
information; the other purpose is _____ information.


A. Substance
B. Chemical
C. Sequence of activities
D. Emergency contact - correct answer D. Emergency contact


11-6


Having adequate technology strengths can NOT help an organization
with _____.

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