NASCLA PSI EXAM PRACTICE QUESTIONS WI TH VERIFIED ANSW ERS. FOB ___freight ___prepaid ___requires _____________ ___to ___pay ___for ___shipping ___charges ______✔️ __
_Seller ___14-12 Which ___of ___the ___following ___is___not ___a___member ___of ___the ___supervisory ___team? ______✔️ ___
Project ___manager ___9-7 __________ ___scheduling ___consists ___of ___dates, ___delivery ___dates, ___payment ___schedule _
__and ___vacations. ___It___is___a___simplified ___method. ______✔️ ___Calendar ___9-3 When ___working ___in ___dwelling ___that ___was ___built ___prior ___to ___1978, ___the ___employer ___is__
_to ___provide ___each ___occupant ___with ___a___pamphlet ___title ____________? ______✔️ ___Protect ___y
our ___family ___from ___lead ___in ___your ___home ___12-14 You ___have ______________ ___days ___from ___the ___completion ___of ___a___commercial ___structur
e___or ___commercial ___construction ___project ___to ___file ___a___lien ___claim ___form. ______✔️ ___90 ___1
6-2 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 ___pr
ogress ___payments ___for ___75% ___of ___the ___project. ___The ___contractor ___submit ___a___reque
st ___for ___final ___payment ___should ___be ___for? ______✔️ ___More ___than ___$80,000 ___$260,000 ___*___
.35= ___$91,000 Which ___of ___the ___following ___is___not ___a___key ___characteristic ___of ___a___sole ___proprietor ___s
hip? ______✔️ ___Business ___expenses ___and ___personal ___income ___are ___not ___separated. ___2-
1 What ___is___the ___quick ___ratio ___or ___or ___acid ___test ___ratio ___for ___a___company ___that ___has ___cur
rent ___assets ___of ___$28,000, ___inventory ___of ___$4000, ___and ___current ___liabilities ___of ___$60
00? ______✔️ ___4/1 ___14-7 An ___EAP ___is___required ___to ___be ___in ___writing ___for______employees ___or ___more. ______✔️ ___11
___12-3 Who ___pays ___into ___FUTA? ______✔️ ___Employer ___15-5 What ___is___the ___purpose ___of ___just ___in ___time ___deliveries? ______✔️ ___Profit ___high ___and ___van
dalism ___low. ___9-9 Ethics ___has ___to ___do ___with ___all ___but ___which ___of ___the ___following? ______✔️ ___Lying ___to ___the ___
customer. ___5-2 Which ___of ___the ___following ___is___not ___a___reward ___for ___owning ___a___enterprise? ______✔️ ___M
anaging ___cash ___flow ___1-1 Which ___of ___the ___following ___is___not ___covered ___under ___the ___ADA? ______✔️ ___Paper ___cut. ___
11-7 A___job ___estimated ___to ___cost ___$1 ___million. ___However, ___two ___companies ___have ___a___Of ___
$500,000. ___They ___can ___legally ___do ___this ___job ___if___they___? ______✔️ ___Joint ___venture. ___2-6 The ___standard ___make ___up ___in ___the ___construction ___industry ___is? ______✔️ ___15%. ___7-7 Which ___is___not ___an ___advantage ___of ___a___partnership? ______✔️ ___Multiple ___decision ___mak
ers. ___2-2 ___Prohibits ___firing ___due ___to ___taking ___of ___property. ______✔️ ___Wage ___Garnishment ___la
w___11-8 The ___maximum ___number ___of ___shareholders ___permitted ___within ___an ___S___corporatio
n___is? ______✔️ ___75 ___2-5 The ___state ___sales ___tax ___is___Percent ___of ___the ___gross ___sales ___for ___materials ___purchase
d___or ___leased ___in ___New ___Jersey. ______✔️ ___6___15-8
_Seller ___14-12 Which ___of ___the ___following ___is___not ___a___member ___of ___the ___supervisory ___team? ______✔️ ___
Project ___manager ___9-7 __________ ___scheduling ___consists ___of ___dates, ___delivery ___dates, ___payment ___schedule _
__and ___vacations. ___It___is___a___simplified ___method. ______✔️ ___Calendar ___9-3 When ___working ___in ___dwelling ___that ___was ___built ___prior ___to ___1978, ___the ___employer ___is__
_to ___provide ___each ___occupant ___with ___a___pamphlet ___title ____________? ______✔️ ___Protect ___y
our ___family ___from ___lead ___in ___your ___home ___12-14 You ___have ______________ ___days ___from ___the ___completion ___of ___a___commercial ___structur
e___or ___commercial ___construction ___project ___to ___file ___a___lien ___claim ___form. ______✔️ ___90 ___1
6-2 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 ___pr
ogress ___payments ___for ___75% ___of ___the ___project. ___The ___contractor ___submit ___a___reque
st ___for ___final ___payment ___should ___be ___for? ______✔️ ___More ___than ___$80,000 ___$260,000 ___*___
.35= ___$91,000 Which ___of ___the ___following ___is___not ___a___key ___characteristic ___of ___a___sole ___proprietor ___s
hip? ______✔️ ___Business ___expenses ___and ___personal ___income ___are ___not ___separated. ___2-
1 What ___is___the ___quick ___ratio ___or ___or ___acid ___test ___ratio ___for ___a___company ___that ___has ___cur
rent ___assets ___of ___$28,000, ___inventory ___of ___$4000, ___and ___current ___liabilities ___of ___$60
00? ______✔️ ___4/1 ___14-7 An ___EAP ___is___required ___to ___be ___in ___writing ___for______employees ___or ___more. ______✔️ ___11
___12-3 Who ___pays ___into ___FUTA? ______✔️ ___Employer ___15-5 What ___is___the ___purpose ___of ___just ___in ___time ___deliveries? ______✔️ ___Profit ___high ___and ___van
dalism ___low. ___9-9 Ethics ___has ___to ___do ___with ___all ___but ___which ___of ___the ___following? ______✔️ ___Lying ___to ___the ___
customer. ___5-2 Which ___of ___the ___following ___is___not ___a___reward ___for ___owning ___a___enterprise? ______✔️ ___M
anaging ___cash ___flow ___1-1 Which ___of ___the ___following ___is___not ___covered ___under ___the ___ADA? ______✔️ ___Paper ___cut. ___
11-7 A___job ___estimated ___to ___cost ___$1 ___million. ___However, ___two ___companies ___have ___a___Of ___
$500,000. ___They ___can ___legally ___do ___this ___job ___if___they___? ______✔️ ___Joint ___venture. ___2-6 The ___standard ___make ___up ___in ___the ___construction ___industry ___is? ______✔️ ___15%. ___7-7 Which ___is___not ___an ___advantage ___of ___a___partnership? ______✔️ ___Multiple ___decision ___mak
ers. ___2-2 ___Prohibits ___firing ___due ___to ___taking ___of ___property. ______✔️ ___Wage ___Garnishment ___la
w___11-8 The ___maximum ___number ___of ___shareholders ___permitted ___within ___an ___S___corporatio
n___is? ______✔️ ___75 ___2-5 The ___state ___sales ___tax ___is___Percent ___of ___the ___gross ___sales ___for ___materials ___purchase
d___or ___leased ___in ___New ___Jersey. ______✔️ ___6___15-8
