Nascla 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 Management EXAM SC Questions With 100% Correct Answers

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...

NASCLA LawWhen a business is purchased by a new owner, what happens in regards to the "EIN"? - correct answer A new EIN is required Alabama Business Law & Project Management Residential (4th) - This question is not in the book, but can show up on your exam. What is the difference between mediation and arbitration? - correct answer With mediation the two disputing parties themselves set the conditions of any agreement with the help of a mediator. Arbitration involves a third party that w...

NASCLA Law Question and answers rated A+ 2023/2024 When a business is purchased by a new owner, what happens in regards to the "EIN"? - correct answer A new EIN is required Alabama Business Law & Project Management Residential (4th) - This question is not in the book, but can show up on your exam. What is the difference between mediation and arbitration? - correct answer With mediation the two disputing parties themselves set the conditions of any agreement with the help of a mediator....

Sole Proprietorship CORRECT ANSWER a business owned and managed by a single individual Simplest form to set up unlimited Liability Partnerships CORRECT ANSWER Business organizations in which two or more persons share responsibilities, costs, profits, and losses. C Corporations CORRECT ANSWER Corporations that have no restrictions on who owns their shares or the number of shareholders; they cannot qualify for subchapter S tax treatment and are subject to direct taxation S corporation C...

FOB freight prepaid requires _____ to pay for shipping charges. A. Contractor B. Buyer C. Seller D. Subcontractor correct answer: C. Seller 13-11 _____ is NOT a member of the supervisory team. A. A Foreman B. A Material expediter C. The Owner's representative D. A Project manager correct answer: D. A Project Manager 8-7 With _____ scheduling, you can link project tasks to specific dates such as delivery dates, payment schedule and employee vacations and holidays. A....

NASCLA Business, Law, and Project Management 13th Edition - Test 1 1. FOB freight prepaid requires to pay for shipping charges. A. Contractor B. Buyer C. Seller D. Subcontractor: answer- C. Seller

NASCLA Business, Law and Project Management (Basic) - Practice Test 2 Questions with 100% Correct Answers | Latest Version 2024 | Expert Verified | Ace the Test

NASCLA Business, Law and Project Management (Basic) - Practice Test 2 QUESTIONS & ANSWERS 2024 ( A+ GRADED 100% VERIFIED)