NASCLA Business, Law and Project Management
(Basic) - Practice Test 2 REVIEWED
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 ANSW - 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 ANSW - D. Unit price method
6-7
_____ requires paying prevailing wages in federally-financed projects.
A. Service Contract Act
,B. Walsh-Healey Act
C. Wage Garnishment Law
D. Davis-Bacon Act ANSW - D. Davis-Bacon Act
10-7
_____ absolves the indemnified party from any payment for losses and damages
incurred by a third party.
A. Indemnification
B. Delays and extensions of time
C. Schedule acceleration
D. Force majeure ANSW - A. Indemnification
7-4
An Emergency Action plan should include _____.
A. Student's name
B. Employer's name
C. Administrator's name
D. Next of kin ANSW - C. Administrator's Name
11-3
, The MSDS provides for two main purposes: one purpose is product information;
the other purpose is _____ information.
A. Substance
B. Chemical
C. Sequence of activities
D. Emergency contact ANSW - D. Emergency contact
11-6
Having adequate technology strengths can NOT help an organization with _____.
A. Estimating
B. Purchasing
C. Scheduling
D. Vacationing ANSW - D. Vacationing
4-2
_____ is an exclusion to an advantage of a sole proprietor.
A. Limited personal responsibility
B. Low startup costs
C. Ownership of profits
D. Decision making freedom ANSW - A. Limited personal responsibility
(Basic) - Practice Test 2 REVIEWED
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 ANSW - 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 ANSW - D. Unit price method
6-7
_____ requires paying prevailing wages in federally-financed projects.
A. Service Contract Act
,B. Walsh-Healey Act
C. Wage Garnishment Law
D. Davis-Bacon Act ANSW - D. Davis-Bacon Act
10-7
_____ absolves the indemnified party from any payment for losses and damages
incurred by a third party.
A. Indemnification
B. Delays and extensions of time
C. Schedule acceleration
D. Force majeure ANSW - A. Indemnification
7-4
An Emergency Action plan should include _____.
A. Student's name
B. Employer's name
C. Administrator's name
D. Next of kin ANSW - C. Administrator's Name
11-3
, The MSDS provides for two main purposes: one purpose is product information;
the other purpose is _____ information.
A. Substance
B. Chemical
C. Sequence of activities
D. Emergency contact ANSW - D. Emergency contact
11-6
Having adequate technology strengths can NOT help an organization with _____.
A. Estimating
B. Purchasing
C. Scheduling
D. Vacationing ANSW - D. Vacationing
4-2
_____ is an exclusion to an advantage of a sole proprietor.
A. Limited personal responsibility
B. Low startup costs
C. Ownership of profits
D. Decision making freedom ANSW - A. Limited personal responsibility
