Nevada CMS (law) Exam answer keys
A death must be reported to OSHA within ______. 8 hours
a. 1 hour
b. 8 hours
c. 24 hours
d. 3 days
What summarizes profit making activities over a specific Profit & Loss schedule
period of time?
a. Profit & Loss schedule
b. Critical Path schedule
c. Cash Disbursement Schedule
d. Cash Flow Schedule
What a general building contractor does not need to names of individual laborers on the project
tell a customer with they have a contract?
a. names of his sub contractors
b. names of material suppliers
c. answers a &b are correct
d. names of individual laborers on the project
The disadvantage of cash basis accounting versus the cash basis will show what had been collected and paid out, but not what
accrual basis accounting is what? has been earned
a. the cash basis will show what had been collected
and paid out, but not what has been earned
b. nothing
c. the cash basis is easiest form to maintain
d. cash basis records income when money is recieved
The term week week in the FLSA is defined as what? 168 hours
a. 40 hours
b. 168 hours
c. whatever the employer sets it as
d. any of the above
Youths age _____ may perform any nonhazardous job, for 16 and 17
unlimited hours.
a. 18
b. 19
c. 20
d. 16 and 17
Violators of child labor law provisions are subject to $11,000
civil penalty of up to ______ each employee subject to
violation?
a. $11,000
b. $1,000
c. $5,000
d. $70,000
Actualstudy 1 of 10
, Nevada CMS (law) Exam answer keys
The simplest form o business organization is: sole prop.
a. sole prop.
b. partnership
c. corporation
d. LLC
According to the FLSA, a workweek is a period of ____ 168
hours.
a. 40
b. 24
c. 8
d. 168
After your employee makes _____ in one year, you stop $7,000
deducting FUTA.
a. no limit
b. $1,000
c. $7,000
d. $87,900
IRS Publication 15 is also known as ______. Circular E
a. Circular E
b. 1-9
c. W-4
d. W-2
Records for Federal unemployment taxed must be kept 4
for a minimum of _____ years.
a. 3
b. 4
c. 5
d. 2
Regardless of the type f organization the construction License Holder (Qualified Employee)
company has established or a licensees' role in the
ownership of the business, it is the _______ who is usually
held responsible for all contracting--related duties.
a. President
b. License Holder (Qualified Employee)
c. General partners
d. Manager
Contracts need to be kept for a minimum of _____ years. 3
a. 3
b. 4
c. 5
d. 10
Actualstudy 2 of 10
A death must be reported to OSHA within ______. 8 hours
a. 1 hour
b. 8 hours
c. 24 hours
d. 3 days
What summarizes profit making activities over a specific Profit & Loss schedule
period of time?
a. Profit & Loss schedule
b. Critical Path schedule
c. Cash Disbursement Schedule
d. Cash Flow Schedule
What a general building contractor does not need to names of individual laborers on the project
tell a customer with they have a contract?
a. names of his sub contractors
b. names of material suppliers
c. answers a &b are correct
d. names of individual laborers on the project
The disadvantage of cash basis accounting versus the cash basis will show what had been collected and paid out, but not what
accrual basis accounting is what? has been earned
a. the cash basis will show what had been collected
and paid out, but not what has been earned
b. nothing
c. the cash basis is easiest form to maintain
d. cash basis records income when money is recieved
The term week week in the FLSA is defined as what? 168 hours
a. 40 hours
b. 168 hours
c. whatever the employer sets it as
d. any of the above
Youths age _____ may perform any nonhazardous job, for 16 and 17
unlimited hours.
a. 18
b. 19
c. 20
d. 16 and 17
Violators of child labor law provisions are subject to $11,000
civil penalty of up to ______ each employee subject to
violation?
a. $11,000
b. $1,000
c. $5,000
d. $70,000
Actualstudy 1 of 10
, Nevada CMS (law) Exam answer keys
The simplest form o business organization is: sole prop.
a. sole prop.
b. partnership
c. corporation
d. LLC
According to the FLSA, a workweek is a period of ____ 168
hours.
a. 40
b. 24
c. 8
d. 168
After your employee makes _____ in one year, you stop $7,000
deducting FUTA.
a. no limit
b. $1,000
c. $7,000
d. $87,900
IRS Publication 15 is also known as ______. Circular E
a. Circular E
b. 1-9
c. W-4
d. W-2
Records for Federal unemployment taxed must be kept 4
for a minimum of _____ years.
a. 3
b. 4
c. 5
d. 2
Regardless of the type f organization the construction License Holder (Qualified Employee)
company has established or a licensees' role in the
ownership of the business, it is the _______ who is usually
held responsible for all contracting--related duties.
a. President
b. License Holder (Qualified Employee)
c. General partners
d. Manager
Contracts need to be kept for a minimum of _____ years. 3
a. 3
b. 4
c. 5
d. 10
Actualstudy 2 of 10
