NASCLA Business, Law and Project Management (Basic) - Practice Test 2 2025/2026 Exam Questions and Correct Answers | New Update

NASCLA Business, Law and Project
Management (Basic) - Practice Test 2
2025/2026 Exam Questions and Correct
Answers | New Update



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 - 🧠 ANSWER ✔✔A. Accrual




13-7

A _____ bundles all cost factors for entire task.




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,A. Lump sum

B. Cost plus

C. Percent completion method


D. Unit price method - 🧠 ANSWER ✔✔D. Unit price method




6-7

_____ requires paying prevailing wages in federally-financed projects.




A. Service Contract Act

B. Walsh-Healey Act

C. Wage Garnishment Law


D. Davis-Bacon Act - 🧠 ANSWER ✔✔D. Davis-Bacon Act




10-7

_____ absolves the indemnified party from any payment for losses and

damages incurred by a third party.



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, A. Indemnification

B. Delays and extensions of time

C. Schedule acceleration


D. Force majeure - 🧠 ANSWER ✔✔A. Indemnification




7-4

An Emergency Action plan should include _____.




A. Student's name

B. Employer's name

C. Administrator's name


D. Next of kin - 🧠 ANSWER ✔✔C. Administrator's Name




11-3




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