NASCLA PSI EXAM - Business Law & Project
Management | 2024 Questions & Answers | 100%
Correct | Verified
FOB freight prepaid requires __________ to pay for shipping charges - ✔✔Seller 14-12
Which of the following is not a member of the supervisory team? - ✔✔Project manager 9-7
__________ scheduling consists of dates, delivery dates, payment schedule and vacations. It is a
simplified method. - ✔✔Calendar 9-3
When working in dwelling that was built prior to 1978, the employer is to provide each occupant with a
pamphlet title _________? - ✔✔Protect your family from lead in your home 12-14
You have ___________ days from the completion of a commercial structure or commercial construction
project to file a lien claim form. - ✔✔90 16-2
A lump sum contract on a project has a total contact price of $260,000. Retainage has been held back at
10%. The contractor has received progress payments for 75% of the project. The contractor submit a
request for final payment should be for? - ✔✔More than $80,000 $260,000 * .35= $91,000
Which of the following is not a key characteristic of a sole proprietor ship? - ✔✔Business expenses and
personal income are not separated. 2-1
What is the quick ratio or or acid test ratio for a company that has current assets of $28,000, inventory of
$4000, and current liabilities of $6000? - ✔✔4/1 14-7
An EAP is required to be in writing for______employees or more. - ✔✔11 12-3
Who pays into FUTA? - ✔✔Employer 15-5
, What is the purpose of just in time deliveries? - ✔✔Profit high and vandalism low. 9-9
Ethics has to do with all but which of the following? - ✔✔Lying to the customer. 5-2
Which of the following is not a reward for owning a enterprise? - ✔✔Managing cash flow 1-1
Which of the following is not covered under the ADA? - ✔✔Paper cut. 11-7
A job estimated to cost $1 million. However, two companies have a Of $500,000. They can legally do this
job if they___? - ✔✔Joint venture. 2-6
The standard make up in the construction industry is? - ✔✔15%. 7-7
Which is not an advantage of a partnership? - ✔✔Multiple decision makers. 2-2
___Prohibits firing due to taking of property. - ✔✔Wage Garnishment law 11-8
The maximum number of shareholders permitted within an S corporation is? - ✔✔75 2-5
The state sales tax is___Percent of the gross sales for materials purchased or leased in New Jersey. -
✔✔6 15-8
Delegating provides for all but the following? - ✔✔I can do it all 5-1,5-2
The most important aspect of a contract is___? - ✔✔Understanding. 8-2
A____________ is used when and owner of contracts with one company to complete the construction
process from the start to finish and purchase land. How do you - ✔✔Turnkey. 8-6
Management | 2024 Questions & Answers | 100%
Correct | Verified
FOB freight prepaid requires __________ to pay for shipping charges - ✔✔Seller 14-12
Which of the following is not a member of the supervisory team? - ✔✔Project manager 9-7
__________ scheduling consists of dates, delivery dates, payment schedule and vacations. It is a
simplified method. - ✔✔Calendar 9-3
When working in dwelling that was built prior to 1978, the employer is to provide each occupant with a
pamphlet title _________? - ✔✔Protect your family from lead in your home 12-14
You have ___________ days from the completion of a commercial structure or commercial construction
project to file a lien claim form. - ✔✔90 16-2
A lump sum contract on a project has a total contact price of $260,000. Retainage has been held back at
10%. The contractor has received progress payments for 75% of the project. The contractor submit a
request for final payment should be for? - ✔✔More than $80,000 $260,000 * .35= $91,000
Which of the following is not a key characteristic of a sole proprietor ship? - ✔✔Business expenses and
personal income are not separated. 2-1
What is the quick ratio or or acid test ratio for a company that has current assets of $28,000, inventory of
$4000, and current liabilities of $6000? - ✔✔4/1 14-7
An EAP is required to be in writing for______employees or more. - ✔✔11 12-3
Who pays into FUTA? - ✔✔Employer 15-5
, What is the purpose of just in time deliveries? - ✔✔Profit high and vandalism low. 9-9
Ethics has to do with all but which of the following? - ✔✔Lying to the customer. 5-2
Which of the following is not a reward for owning a enterprise? - ✔✔Managing cash flow 1-1
Which of the following is not covered under the ADA? - ✔✔Paper cut. 11-7
A job estimated to cost $1 million. However, two companies have a Of $500,000. They can legally do this
job if they___? - ✔✔Joint venture. 2-6
The standard make up in the construction industry is? - ✔✔15%. 7-7
Which is not an advantage of a partnership? - ✔✔Multiple decision makers. 2-2
___Prohibits firing due to taking of property. - ✔✔Wage Garnishment law 11-8
The maximum number of shareholders permitted within an S corporation is? - ✔✔75 2-5
The state sales tax is___Percent of the gross sales for materials purchased or leased in New Jersey. -
✔✔6 15-8
Delegating provides for all but the following? - ✔✔I can do it all 5-1,5-2
The most important aspect of a contract is___? - ✔✔Understanding. 8-2
A____________ is used when and owner of contracts with one company to complete the construction
process from the start to finish and purchase land. How do you - ✔✔Turnkey. 8-6
