1 Exam Prep NASCLA Contractor's Guide To Business, Law,
And Project Management, Florida 1st Edition Practice Test 1
Complete Exam
1. FOB freight prepaid requires
__________ to pay for shipping
charges.
A. Contractor
B. Buyer
C. Seller
D. Subcontractor Correct Answer: Seller
2. Which of the following is not a
member of the supervisory?
A. Foreman
B. materials expediter
C. Owner's representative
D. Project manager Correct Answer: Project Manager
3. __________ scheduling consists of
dates, delivery dates, payment
schedule and vacations. It is a simplified
method.
A. Calendar
B. Bar chart
C. Gantt Correct Answer: Calendar
4. When working in dwelling that
was built prior to 1978, the
employer is to provide each
occupant with a pamphlet
____________titled.
A. Protect your family from lead
.
,in your home
B. Protect your loved ones from
lead in your home
C. Protect your family and your
friends from lead in your hom
e
D. Pamphlets are not required Correct Answer: Protect your family from lead in your home
5. Who pays into a worker's
unemployment
compensation?
A. Property owner
B. Building contractor
C. Employer
D. Employee Correct Answer: Employer
6. A lump sum contract on a
project has a total contact
price of $260,000. Retainage
has been held back at 10%. The
contractor has received
progress payments for 75% of
the project. The contractor
submits a request for final
payment should be for?
A. More than $80,000
B. Less than $50,000
C. Between $50,001 and $60,000
D. Between $60,001 and $70,000 Correct Answer: More than $80,000
7. Which of the flowing is not a
key characteristic of a sole
proprietorship?
.
, A. termination at death of the
owner
B. Business expenses and
personal income are not
separated
C. Taxed as ordinary income
D. Must bear all responsibility Correct Answer: Business expenses and personal income are not separated
8. What is the quick ratio (or acid
test ratio) for a company that
has current assets of $28,000,
inventory of $4,000, and current
liabilities of $6,000?
A. 4/1
B. 1/4
C. 7/1
D. 1/7 Correct Answer: 4/1
9. An EAP (Employee Assistance
Program) is required to be in writing
for ________employees or more.
A. 2
B. 8
C. 10
D. 11 Correct Answer: 11
10. Who pays into FUTA (Federal
Unemployment Tax Act)?
A. Property owner
B. Building contractor
C. Employer
D. Employee Correct Answer: Employer
.
And Project Management, Florida 1st Edition Practice Test 1
Complete Exam
1. FOB freight prepaid requires
__________ to pay for shipping
charges.
A. Contractor
B. Buyer
C. Seller
D. Subcontractor Correct Answer: Seller
2. Which of the following is not a
member of the supervisory?
A. Foreman
B. materials expediter
C. Owner's representative
D. Project manager Correct Answer: Project Manager
3. __________ scheduling consists of
dates, delivery dates, payment
schedule and vacations. It is a simplified
method.
A. Calendar
B. Bar chart
C. Gantt Correct Answer: Calendar
4. When working in dwelling that
was built prior to 1978, the
employer is to provide each
occupant with a pamphlet
____________titled.
A. Protect your family from lead
.
,in your home
B. Protect your loved ones from
lead in your home
C. Protect your family and your
friends from lead in your hom
e
D. Pamphlets are not required Correct Answer: Protect your family from lead in your home
5. Who pays into a worker's
unemployment
compensation?
A. Property owner
B. Building contractor
C. Employer
D. Employee Correct Answer: Employer
6. A lump sum contract on a
project has a total contact
price of $260,000. Retainage
has been held back at 10%. The
contractor has received
progress payments for 75% of
the project. The contractor
submits a request for final
payment should be for?
A. More than $80,000
B. Less than $50,000
C. Between $50,001 and $60,000
D. Between $60,001 and $70,000 Correct Answer: More than $80,000
7. Which of the flowing is not a
key characteristic of a sole
proprietorship?
.
, A. termination at death of the
owner
B. Business expenses and
personal income are not
separated
C. Taxed as ordinary income
D. Must bear all responsibility Correct Answer: Business expenses and personal income are not separated
8. What is the quick ratio (or acid
test ratio) for a company that
has current assets of $28,000,
inventory of $4,000, and current
liabilities of $6,000?
A. 4/1
B. 1/4
C. 7/1
D. 1/7 Correct Answer: 4/1
9. An EAP (Employee Assistance
Program) is required to be in writing
for ________employees or more.
A. 2
B. 8
C. 10
D. 11 Correct Answer: 11
10. Who pays into FUTA (Federal
Unemployment Tax Act)?
A. Property owner
B. Building contractor
C. Employer
D. Employee Correct Answer: Employer
.
