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NASCLA 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 correct 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 correct answer: D. Unit price method 6-7 _____ requires paying prevailing wages in federally-financed projects. A. Service Contract Act B. Walsh-Healey Act C...

MHIC NASCLA CONTRACTORS EXAM REVIEW QUESTIONS & ANSWERS 2024 ( A+ GRADED 100% VERIFIED)

NASCLA ACCREDITED EXAM 2023-2024 ACTUAL EXAM 250 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) | AGRADE

Nascla and GENERAL CONTRACTOR A QUESTIONS & ANSWERS 2024 ( A+ GRADED 100% VERIFIED)

Sole Proprietorship CORRECT ANSWER a business owned and managed by a single individual Simplest form to set up unlimited Liability Partnerships CORRECT ANSWER Business organizations in which two or more persons share responsibilities, costs, profits, and losses. C Corporations CORRECT ANSWER Corporations that have no restrictions on who owns their shares or the number of shareholders; they cannot qualify for subchapter S tax treatment and are subject to direct taxation S corporation C...

NASCLA Business Law and Management EXAM SC Questions With 100% Correct Answers

When do you need a permit for a retaining wall correct answer: When it is over 4 feet tall The building official may revoke a permit if correct answer: it is issued in error or in violation of an ordinance Who can issue a notice of violation correct answer: Building Department Shear Wall resists correct answer: Lateral pressure What type of construction uses heavy timbers AND HIGHLIGHT CONSTRUCTION TYPES correct answer: type IV construction uses heavy timbers - the exterior is m...

FOB freight prepaid requires _____ to pay for shipping charges. A. Contractor B. Buyer C. Seller D. Subcontractor correct answer: C. Seller 13-11 _____ is NOT a member of the supervisory team. A. A Foreman B. A Material expediter C. The Owner's representative D. A Project manager correct answer: D. A Project Manager 8-7 With _____ scheduling, you can link project tasks to specific dates such as delivery dates, payment schedule and employee vacations and holidays. A....