NASCLA Business, Law and Project Management (Basic) - Practice Test 2 100% Solved

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 projects. A. Service Contract Act B. Walsh-Healey Act C. Wage Garnishment Law D. Davis-Bacon Act - Answer- 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 - Answer- 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 - Answer- 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 - Answer- D. Emergency contact 11-6 Having adequate technology strengths can NOT help an organization with _____. A. Estimating B. Purchasing C. Scheduling D. Vacationing - Answer- 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 - Answer- A. Limited personal respo