Nascla 3 law Study guides, Class notes & Summaries

NASCLA Contractors Guide Virginia, 8th Ed Chapters 3 Exam Questions and Answers What is the major Purpose of Licensing? - ANS ️️ A major purpose of licensing is to protect the Health, safety, and welfare of the public. -Licensing also defines the scope of occupational practice legally reserved for license holders. What does Licensing establish? - ANS ️️ Licensing establishes entrance requirements, standards of practice, and disciplinary authority to protect the public from unqual...

NASCLA Business, Law and Project Management (Basic) - Practice Test 1. 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: Accrual 13-7 2. A bundles all cost factors for entire task. A. Lump sum B. Cost plus C. Percent completion method D. Unit price method: Unit price method 6-7 3. requires

Exam Prep NASCLA Contractor's Guide to Business, Law, and Project Management, Florida 1st Edition Practice Test 2 Already Passed 1. Which of the following bonds guarantees that the contractor has paid the subcontractor? A. Bid bond B. Performance bond C. Payment bond D. James bond Payment Bond 2. The _____________ method recognizes income when the employer has done the work, yet has not received the income. A. Accrual B. Appreciation C. Deprecation D. Cash...

NASCLA Business, Law and Project Management, Test Questions With 100% Correct Answers, Latest Update 2024/2025 (Graded) 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 NASCLA Business, ...

Book 12 NASCLA Contractors Guide to Business Law & Management How is a companys Net Profit calculated? - correct answer Total income - All expenses Chapter 13: Financial Management 13-5 (NASCLA) What are three key functions of a business plan? - correct answer Planning Tool, Loan or Investor Document, Benchmarking tool Chapter 1: The Plan 1-2 (NASCLA) Which of the following is NOT a component of a bid? - correct answer Change Order Chapter 6: Bidding and Estimating 6-1 (NASCLA) ...

NASCLA Contractor's Guide To Business, Law, And Project Management, Florida 1st Edition Test Questions And Answers | Latest Update 2024/2025 (GRADED) Which of the following bonds guarantees that the contractor has paid the subcontractor? A. Bid bond B. Performance bond C. Payment bond D. James bond - Correct Answer-Payment Bond 2. The _____________ method recognizes income when the employer has done the work, yet has not received the income. NASCLA Contractor's Guide To Business, Law,...

NASCLA #3 lawWhat is the first step in the planning and scheduling process? - correct answer Establish the projects objective. Scheduling begins with a plan. The key is that the objective should be attainable and fit within corporate goals. - Const Proj Mgmt pg 225 What are the three categories activities can be divided into? - correct answer Production, Procurement, Administration - Const Proj Mgmt pg 231 The standard industry mark-up is? - correct answer 15% - Bus Law & Proj Mgmt pg 7...

NASCLA #3 law Questions with complete solution 2023/2024What is the first step in the planning and scheduling process? - correct answer Establish the projects objective. Scheduling begins with a plan. The key is that the objective should be attainable and fit within corporate goals. - Const Proj Mgmt pg 225 What are the three categories activities can be divided into? - correct answer Production, Procurement, Administration - Const Proj Mgmt pg 231 The standard industry mark-up is? - co...