NASCLA Business, Law and Project
Management (Basic) - Practice Test 2
Questions and Answers
1. 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: A. Accrual
13-7
2. A bundles all cost factors for entire task.
A. Lump sum
B. Cost plus
C. Percent completion method
D. Unit price method: D. Unit price method
6-7
,3. requires paying prevailing wages in federally-financed
projects.
A. Service Contract Act
B. Walsh-Healey Act
C. Wage Garnishment Law
D. Davis-Bacon Act: D. Davis-Bacon Act
10-7
4. absolves the indemnified party from any payment for losses
and dam-ages incurred by a third party.
A. Indemnification
B. Delays and extensions of time
C. Schedule acceleration
D. Force majeure: A. Indemnification
7-4
5. An Emergency Action
plan should include .
, A. Student's name
B. Employer's name
C. Administrator's name
D. Next of kin: C. Administrator's Name
11-3
6. The MSDS provides for two main
purposes: one purpose is product informa-tion; the other purpose is
information.
A. Substance
B. Chemical
C. Sequence of activities
D. Emergency contact: D. Emergency contact
11-6
7. Having adequate technology strengths can NOT help an
organization with
.
A. Estimating
B. Purchasing
Management (Basic) - Practice Test 2
Questions and Answers
1. 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: A. Accrual
13-7
2. A bundles all cost factors for entire task.
A. Lump sum
B. Cost plus
C. Percent completion method
D. Unit price method: D. Unit price method
6-7
,3. requires paying prevailing wages in federally-financed
projects.
A. Service Contract Act
B. Walsh-Healey Act
C. Wage Garnishment Law
D. Davis-Bacon Act: D. Davis-Bacon Act
10-7
4. absolves the indemnified party from any payment for losses
and dam-ages incurred by a third party.
A. Indemnification
B. Delays and extensions of time
C. Schedule acceleration
D. Force majeure: A. Indemnification
7-4
5. An Emergency Action
plan should include .
, A. Student's name
B. Employer's name
C. Administrator's name
D. Next of kin: C. Administrator's Name
11-3
6. The MSDS provides for two main
purposes: one purpose is product informa-tion; the other purpose is
information.
A. Substance
B. Chemical
C. Sequence of activities
D. Emergency contact: D. Emergency contact
11-6
7. Having adequate technology strengths can NOT help an
organization with
.
A. Estimating
B. Purchasing
