Tennessee Business and Law
Questions And Correct Solutions
M26\7
What policy bundles property and liability coverage together? - Ans--
Business Owner Policy
Which type of insurance provides coverage against claims exceeding the
coverage provided by the standard general liability? - Ans--Umbrella
Liability Insurance
One accurate method of estimating in which you individually estimate units
of materials and labor for each task is known as? - Ans--The Quantity Take
Off Method
Who is responsible for purchasing permits? - Ans--Owner
A conceptual estimate generally uses cost models from previous projects
and prepared by? - Ans--Architect
Using the square foot method of estimating, the project cost is a calculation
of the square footage of the project multiplied by a? - Ans--Unit cost
If the owner is one day late on a progress payment to the contractor and the
contractor ceases all work with no intent of returning to the job, the
contractor has committed what type of breach? - Ans--Material Breach
What project management tool is used to support the contractors claims for
project time extensions due to rain delays? - Ans--Daily job diary (Daily
Reports/Daily Logs)
Which approach to procuring materials can reduce the amount of material
storage required for a project? - Ans--Just in time delivery
, A project management approach with the primary objective of
understanding the owner's cost, quality, and time priorities to deliver a
product of the highest value is know as? - Ans--Value Engineering
The National Directory of New Hires compiles new hire information from all
states to track? - Ans--Child support obligations
What is float time? - Ans--The amount of leeway allowed in starting or
completing an activity without delaying the project completion date
Each day a non-exempt employee is given one half hour for lunch break in
addition to the 8 hours that is worked as a carpenter. The employee is
required to answer the phone during his lunch break while clocked out.
Under fair labor standards act, which is true with the respect to a pay period
for this employee? - Ans--The employee should be paid for 2.5 hours at 1.5
times the regular pay amount
With regard to non-exempt employees, the employer is not required to keep
records of? - Ans--The time the employee left work each day
This document can be used to establish eligibility but not identity - Ans--
Social Security Card
Which of the following should not be part of the company's written employee
manual? - Ans--Hiring practices
Employee labor costs include? - Ans--Workers Compensations Insurance
According to the office policy manual, working overtime is to be authorized
by a supervisor. In order to meet a deadline for a report to be generated, an
employee worked 3 hours of OT without authorization. What effect did this
have on the employee's paychecks? - Ans--Regardless of authorization,
working OT constituted additional time at the overtime rate and is added to
their paycheck
Establishments with high injury rates receive what type of OSHA
inspection? - Ans--Programmed
Questions And Correct Solutions
M26\7
What policy bundles property and liability coverage together? - Ans--
Business Owner Policy
Which type of insurance provides coverage against claims exceeding the
coverage provided by the standard general liability? - Ans--Umbrella
Liability Insurance
One accurate method of estimating in which you individually estimate units
of materials and labor for each task is known as? - Ans--The Quantity Take
Off Method
Who is responsible for purchasing permits? - Ans--Owner
A conceptual estimate generally uses cost models from previous projects
and prepared by? - Ans--Architect
Using the square foot method of estimating, the project cost is a calculation
of the square footage of the project multiplied by a? - Ans--Unit cost
If the owner is one day late on a progress payment to the contractor and the
contractor ceases all work with no intent of returning to the job, the
contractor has committed what type of breach? - Ans--Material Breach
What project management tool is used to support the contractors claims for
project time extensions due to rain delays? - Ans--Daily job diary (Daily
Reports/Daily Logs)
Which approach to procuring materials can reduce the amount of material
storage required for a project? - Ans--Just in time delivery
, A project management approach with the primary objective of
understanding the owner's cost, quality, and time priorities to deliver a
product of the highest value is know as? - Ans--Value Engineering
The National Directory of New Hires compiles new hire information from all
states to track? - Ans--Child support obligations
What is float time? - Ans--The amount of leeway allowed in starting or
completing an activity without delaying the project completion date
Each day a non-exempt employee is given one half hour for lunch break in
addition to the 8 hours that is worked as a carpenter. The employee is
required to answer the phone during his lunch break while clocked out.
Under fair labor standards act, which is true with the respect to a pay period
for this employee? - Ans--The employee should be paid for 2.5 hours at 1.5
times the regular pay amount
With regard to non-exempt employees, the employer is not required to keep
records of? - Ans--The time the employee left work each day
This document can be used to establish eligibility but not identity - Ans--
Social Security Card
Which of the following should not be part of the company's written employee
manual? - Ans--Hiring practices
Employee labor costs include? - Ans--Workers Compensations Insurance
According to the office policy manual, working overtime is to be authorized
by a supervisor. In order to meet a deadline for a report to be generated, an
employee worked 3 hours of OT without authorization. What effect did this
have on the employee's paychecks? - Ans--Regardless of authorization,
working OT constituted additional time at the overtime rate and is added to
their paycheck
Establishments with high injury rates receive what type of OSHA
inspection? - Ans--Programmed
