NASCLA Business, Law And Project
Management (Basic) - Practice Test 2
Exam Questions With 100% Correct!
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.
,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.
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
The MSDS provides for two main purposes: one purpose is product information;
the other purpose is _____ information.
A. Substance
B. Chemical
C. Sequence of activities
D. Emergency contact - ✔✔✔ANSWER-D. Emergency contact
11-6
Management (Basic) - Practice Test 2
Exam Questions With 100% Correct!
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.
,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.
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
The MSDS provides for two main purposes: one purpose is product information;
the other purpose is _____ information.
A. Substance
B. Chemical
C. Sequence of activities
D. Emergency contact - ✔✔✔ANSWER-D. Emergency contact
11-6
