NASCLA Study guides, Class notes & Summaries
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NASCLA PRACTICE EXAM 1 Questions With Verified Answers
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NASCLA PRACTICE EXAM 1 Questions 
With Verified Answers 
Balance sheet, income statement, statement of cashflow - answerThree types of financial 
statements 
Sustainable practices - answerspecifically consider a building project's long term impact on 
the environment 
Board feet - answerThe volume of wood needed for a project 
Design-Build method of project delivery - answerOwner contracts with one entity to provide 
both design and construction services. Design-build firm subcontracts as neces...
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NASCLA- Part 1 Exam Questions With Verified Answers
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NASCLA- Part 1 Exam Questions 
With Verified Answers 
Benefits of a Business Plan - answer-blueprint for your business 
-used as a planning and benchmarking tool 
-sometimes requires by bank, loan officers or investors 
Elements of a Business Plan - answer-cover page 
-executive summary 
-company summary 
-list of services/products 
-market analysis 
-marketing strategy 
-financial plan 
Business Plan Pitfalls - answer-not portraying a accurate picture of your business 
-not keeping it simple in...
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Law and Business Exam 1 Questions With Verified Answers
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Law and Business Exam 1 Questions 
With Verified Answers 
The department may refuse to issue a license or certificate to an applicant who has done which of 
the following? - answerHas submitted false or misleading information 
-has had a license denied 
-has failed to meet the minimum qualifications 
-any of these listed 
Form I-9 must be kept for at least _________ years from the date of hire. - answer3 
According to the state of South Carolina, which of the following can be classified as an en...
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NASCLA Exam Questions With Verified Answers
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NASCLA Exam Questions With Verified 
Answers 
Key Functions of a business plan - answer1.) Planning tool 
2.) Loan or Investor Document 
3.) Benchmarking Tool 
Elements of a business plan - answer1.) Cover page 
2.) Executive Summary 
3.) Company Summary 
4.) Products and Services 
5.) Market Analysis 
6.) Marketing Strategy 
7.) Financial Plan 
CECPMMF 
Sole proprietorship - answeryou are the sole owner - exposes to unlimited liability for 
business debt 
Disadvantages of a sole proprietorship ...
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NASCLA Contractors Guide Exam Questions With Verified Answers
- Exam (elaborations) • 30 pages • 2024
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NASCLA Contractors Guide Exam 
Questions With Verified Answers 
When a business is purchased by a new owner, what happens in regards to the "EIN"? - 
answerA 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: - answerFlow-down clause 
What are the three key functions on a business plan? - answerPlanning Tool, Loan or 
Investor Document, Benchmarking tool 
A contractor's Business Plan does NOT inc...
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NC Business and Law Exam Questions And Answers (Updated And Verified)
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NC Business and Law Exam Questions And 
Answers (Updated And Verified) 
File notice of contract within 30 days of issuance of - answerbuilding permit 
file the claim of lien within - answer120 days 
responsible for securing permit to build - answercontractor 
must have license for projects more than - answer30,000 
how many members on the licensing board - answernine 
the contractor has 90 days to replace the - answerqualifier 
licenses expire - answer12/31, 
licenses invalid ______ days after 1...
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NASCLA Contractors Guide to business, law and project management Exam Questions And Answers (Updated And Verified)
- Exam (elaborations) • 1 pages • 2024
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NASCLA Contractors Guide to business, law 
and project management Exam Questions 
And Answers (Updated And Verified) 
Entrepreneurs are often regarded as... - answerRisk takers 
Whats found in a business plan? - answerCover page, executive summary, company 
summary, products and services, market analysis, marketing strategy, and financial plan. 
What is a market analysis? - answerYour target market, market trends, and major 
competitors are defined under market analysis. 
What is a cover page? -...
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Nascla NC State Law Exam Questions And Answers (Updated And Verified)
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Nascla NC State Law Exam Questions And 
Answers (Updated And Verified) 
4 - 0 How do you manage Risk - answerManage risk by adding provisions to a contract, 
safety programs, operating procedures and GENERAL INSURANCE. 
Put the following items to finish a concrete slab in the correct order - answerScreed 
Bull float 
Power Trial 
Final Finish 
4-4 What does Commercial General Liability Cover (CGL) - answerBasic Liability coverage 
- 4 types of injuries - BODILY injury actual physical damage or l...
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NASCLA Contractors Guide to Business, Law and Project Management
- Exam (elaborations) • 4 pages • 2024
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NASCLA Contractors Guide to Business, 
Law and Project Management 
Chapter 1 - answerBusiness Plans & Planning 
Chapter 2 - answerTypes of Business Structures 
Chapter 3 - answerBecoming a Licensed Contractor 
-Types of Licenses 
-Requirements of Licenses 
-Reciprocity 
-License Renewal 
Chapter 4 - answerManaging Risk 
-Types of Insurances 
-Types of Bonds 
Chapter 5 - answerBusiness Tips 
-Time management 
-Delegation 
-Business ethics 
-Technology 
-Loans and grants 
-Certifications 
Chapter ...
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NASCLA Contractors Guide to business and law Alabama Exam Questions And Answers
- Exam (elaborations) • 3 pages • 2024
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NASCLA Contractors Guide to business and 
law Alabama Exam Questions And Answers 
Sole Proprietorship - 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? - 
Alabama Secretary of State 
what are the 2 types of partnerships - 1.General 
2.Limited 
Each partner is responsible for the acts of the other partners when they act in the name of 
business - General Partnership 
liable only for the previously ag...
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