NASCLA Business, Law, and Project
Management 13th Edition - Test 1
FOB freight prepaid requires _____ to pay for shipping charges.
A. Contractor
B. Buyer
C. Seller
D. Subcontractor - CORRECT ANSWER-C. Seller
13-11
_____ is NOT a member of the supervisory team.
A. A Foreman
B. A Material expediter
C. The Owner's representative
D. A Project manager - CORRECT ANSWER-D. A Project Manager
8-7
With _____ scheduling, you can link project tasks to specific dates such as
delivery dates, payment schedule and employee vacations and holidays.
A. Calendar
B. Bar Chart
C. Gantt
D. Critical Path Method - CORRECT ANSWER-A. Calendar
8-3
When working in dwelling that was built prior to 1978, the employer is to provide
each occupant with a pamphlet titled _____.
A. Protect your family from lead in your home
, B. Protect you loved ones from lead in your home
C. Protect your family and your friends from lead in your home
D. Pamphlets are not required - CORRECT ANSWER-A. Protect your family from
lead in your home
11-13
Employers that violate child labor laws are subject to civil penalty of up to _____
per worker for each violation.
A. $2,500
B. $5,000
C. $10,000
D. $11,000 - CORRECT ANSWER-D. $11,000
10-3
A lump sum contract on a project has a total contract price of $260,000.
Retainage has been held back at 10%. The contractor has received progress
payments for 75% of the project. The contractor submits a request for final
payment for _____.
A. More than $80,000
B. Less than $50,000
C. Between $50,001 and $60,000
D. Between $60,001 and $70,000 - CORRECT ANSWER-A. More than $80,000
7-3 and 13-9
$260,000x0.10 (10% retainage) = $26,000 held back in retainage
$260,000 - $26,000 = $234,000 due in progress payments
$234,000 x .75 (75% received) = $175,000 received in progress payments
$260,000 - $175,000 = $84,500 final payment
_____ is NOT a key characteristic of a sole proprietorship.
A. The termination at death of the owner
B. Business expenses and personal income are not separated
Management 13th Edition - Test 1
FOB freight prepaid requires _____ to pay for shipping charges.
A. Contractor
B. Buyer
C. Seller
D. Subcontractor - CORRECT ANSWER-C. Seller
13-11
_____ is NOT a member of the supervisory team.
A. A Foreman
B. A Material expediter
C. The Owner's representative
D. A Project manager - CORRECT ANSWER-D. A Project Manager
8-7
With _____ scheduling, you can link project tasks to specific dates such as
delivery dates, payment schedule and employee vacations and holidays.
A. Calendar
B. Bar Chart
C. Gantt
D. Critical Path Method - CORRECT ANSWER-A. Calendar
8-3
When working in dwelling that was built prior to 1978, the employer is to provide
each occupant with a pamphlet titled _____.
A. Protect your family from lead in your home
, B. Protect you loved ones from lead in your home
C. Protect your family and your friends from lead in your home
D. Pamphlets are not required - CORRECT ANSWER-A. Protect your family from
lead in your home
11-13
Employers that violate child labor laws are subject to civil penalty of up to _____
per worker for each violation.
A. $2,500
B. $5,000
C. $10,000
D. $11,000 - CORRECT ANSWER-D. $11,000
10-3
A lump sum contract on a project has a total contract price of $260,000.
Retainage has been held back at 10%. The contractor has received progress
payments for 75% of the project. The contractor submits a request for final
payment for _____.
A. More than $80,000
B. Less than $50,000
C. Between $50,001 and $60,000
D. Between $60,001 and $70,000 - CORRECT ANSWER-A. More than $80,000
7-3 and 13-9
$260,000x0.10 (10% retainage) = $26,000 held back in retainage
$260,000 - $26,000 = $234,000 due in progress payments
$234,000 x .75 (75% received) = $175,000 received in progress payments
$260,000 - $175,000 = $84,500 final payment
_____ is NOT a key characteristic of a sole proprietorship.
A. The termination at death of the owner
B. Business expenses and personal income are not separated
