Study guides, Class notes & Summaries

A business must meet the requirement of the Fair Labor Standards Act when there are more than how many employees? correct answers 1 What is the primary purpose of ventilating unconditioned spaces? correct answers to control moisture Oxygen cylinders shall be stored where? correct answers separate from fuel gas cylinders by a minimum of 20' Which of the following is included in a company's general overhead costs? correct answers the company's administrative expenses What size diame...

market analysis correct answers major competitors Financial Plan correct answers projection Advantage of a Sole Proprietorship correct answers Freedom in decision-making process Disadvantage of a Sole Proprietorship correct answers Unlimited personal liability Partnership correct answers each partner expects to share in the profits and losses of the business. Two types of partnerships- General and limited Disadvantages of a General Partnership correct answers Unlimited personal l...

Sole Proprietorship correct answers a business owned and managed by a single individual If doing business not under Sole proprietorship you need to file a "doing business as" to? correct answers Alabama Secretary of State what are the 2 types of partnerships correct answers 1.General 2.Limited Each partner is responsible for the acts of the other partners when they act in the name of business correct answers General Partnership liable only for the previously agreed upon contributi...

Poor _________ and inadequate ____________ are overriding factors in business failure correct answers Planning; Management entrepreneur correct answers A person engaged in strategic activities that involve the initiation and development of a new business, created to build long term value and steady cash flow Calculated risk correct answers a risk that is well - thought through where all outcomes are considered rewards of owning your own business correct answers - being your own boss -h...

2 correct answers How many members of the board are consumers? right to work correct answers what laws secure the right of employees to decide if they wish to support or join a union? Consideration correct answers __________ is anything of value Social Security Card correct answers which of the following establishes an employee's eligibility to leagally work in the united states? foul language correct answers which of the following should not be tolerated at a job site? 2 correct...

When a business is purchased by a new owner, what happens in regards to the "EIN"? correct answers A new EIN is required A clause that means that a subcontractor is bound by the same obligations as are required of the general contractor is called: correct answers Flow-down clause What are the three key functions on a business plan? correct answers Planning Tool, Loan or Investor Document, Benchmarking tool A contractor's Business Plan does NOT include? correct answers Contract Docume...

What are some of the advantages of a sole proprietor? correct answers Business can be sold at will Freedom in Decision Making Process Sole Ownership of Profits Low startup cost Simple Ownership Form Minimal Legal Restriction What are some of the disadvantages of a Sole Proprietor? correct answers Less Available capital Unlimited Personal Liability Possible difficulty obtaining long term financing dissolution of the business in the event of the owner's death This is the relationsh...

What is the major Purpose of Licensing? - correct answer A major purpose of licensing is to protect the Health, safety, and welfare of the public. -Licensing also defines the scope of occupational practice legally reserved for license holders. What does Licensing establish? - correct answer Licensing establishes entrance requirements, standards of practice, and disciplinary authority to protect the public from unqualified, incompetent, and unethical contractors What are licensing entranc...

NASCLA Contractos Guide to Business, Law and Project Management Financial Section

NASCLA Contractor's Guide with complete solution