NASCLA Study guides, Class notes & Summaries
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NASCLA Business, Law and Project Management (Basic) - Practice Test 2 100% Solved
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NASCLA Business, Law and Project Management 
(Basic) - Practice Test 2 100% Solved 
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 p...
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MHIC NASCLA CONTRACTORS EXAM REVIEW 2024 QUESTIONS AND ANSWERS
- Exam (elaborations) • 22 pages • 2024
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MHIC NASCLA CONTRACTORS EXAM REVIEW 
2024 QUESTIONS AND ANSWERS 
Does home improvement include work done on an individual condominium unit? - 
Answer- Yes 
Does home improvement include work done on a swimming pool? - Answer- Yes 
Does a home improvement contract HAVE to be in writing in order to preserve your lien 
rights? - Answer- Yes 
Contractors who can only contract with a contractor or a subcontractor are: - Answer- 
Subcontractors 
A county or municipality in Maryland _____________ requi...
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NASCLA || with Complete Solutions.
- Exam (elaborations) • 3 pages • 2024
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ADA correct answers Americans with Disabilities Act 
 
AGC correct answers Associated General Contractors of America 
 
ADEA correct answers Age Discrimination in Employment Act 
 
AIA correct answers American Institute of Architects 
 
What does a balance sheet consist of? correct answers Company's assets, liabilities, and owners equity 
 
davis bacon act correct answers federal law that requires payment of prevailing wage rates and fringe benefits on federally financed or assisted constructio...
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NASCLA Test 1 || with 100% Correct Answers.
- Exam (elaborations) • 9 pages • 2024
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____ and _____ are two essential parts to a business plan correct answers 1. Planning Tool 
 
2. Loan Document 
 
3. Investor Document 
 
4. Benchmarking Tool 
 
Select two standard components of a business plan correct answers 1. Marking Strategy 
 
2. Executive Strategy 
 
_____ is the biggest drawback of a sole proprietorship. correct answers Unlimited Personal Liability 
 
If you are a sole proprietor and complete work under a name that is not your own, you would be required to file a _____ ...
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NASCLA - Principles and Practices of Commercial Construction Exam Questions With Verified Answers
- Exam (elaborations) • 4 pages • 2024
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NASCLA - Principles and Practices of 
Commercial Construction Exam Questions 
With Verified Answers 
When freely dropping concrete into forms, you should never be more than how far of a distance 
away? - answer1 meter 
For concrete to be placed in water there is a special method that is used. What is the method? - 
answertremie 
In order to have 3/4 hour fire rating, a wood column in a wood structure should be what typical 
size or larger if supporting floors? - answer8 x 8" 
What should be use...
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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
- Exam (elaborations) • 5 pages • 2024
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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
- Exam (elaborations) • 7 pages • 2024
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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
- Exam (elaborations) • 10 pages • 2024
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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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NC Business and Law Exam Questions And Answers (Updated And Verified)
- Exam (elaborations) • 30 pages • 2024
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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...