NASCLA Practice Test 1
FOB freight prepaid requires _________ to pay for shipping charges. -
CORRECT ANSWER-Seller (Chapter 14, page 11)
Which of the following is not a member of the supervisory team? Foreman,
Materials expediter, Owner's representative, Project manager - CORRECT
ANSWER-Project Manager (Chapter 9, page 7)
________ scheduling consists of dates, delivery dates, payment schedule and
vacations. It is a simplified method. - CORRECT ANSWER-Calendar (Chapter 9,
page 2)
When working in dwelling that was built prior to 1978, the employer is to provide
each occupant with a pamphlet titled __________. - CORRECT
ANSWER-Protect your family from lead in your home (Chapter 12, page 13)
Who pays into a worker's unemployment compensation? - CORRECT
ANSWER-Employer (Chapter 11, page 12)
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 that should be for? - CORRECT ANSWER-More than $80,000 (260,000
x .35)
Which of the following is not a key characteristic of a sole proprietorship? -
CORRECT ANSWER-Business expenses and personal income are not
separated (Chapter 2, page 1)
What is the quick ratio (or acid test ratio) for a company that has current assets
of $28,000, inventory of $4,000, and a current liabilities of $6,000? - CORRECT
ANSWER-4/1 (Chapter 14, Page 6)
An EAP is required to be in writing for _______ employees or more. - CORRECT
ANSWER-11 (Chapter 12, page 3)
, Who pays into FUTA? - CORRECT ANSWER-Employer (Chapter 15, page 5)
What is the purpose of just-in-time deliveries? - CORRECT ANSWER-Profit high
and vandalism low (Chapter 9, page 9)
Which of the following does not have to do with Ethics?
Showing up to the job on time, do what you say you are going to do, doing the
right thing, lying to the customer - CORRECT ANSWER-Lying to the customer
(Chapter 5, page 2)
Which of the following is not a reward for owning an entrepreneurship? Flexibility
of time, making decisions, being your own boss, managing cash flow -
CORRECT ANSWER-Managing cash flow (Chapter 1, page 1)
Which of the following is not covered under the ADA? AIDS, drug addiction,
alcohol addiction, paper cut - CORRECT ANSWER-Paper cut (Chapter 11, page
7)
A job is estimated to cost $1 million. However, two companies have a cap of
$500,000. They can legally do this job if they _______. - CORRECT
ANSWER-Join venture (Chapter 2, page 6)
Willful violations of employment under FSLA may be prosecuted criminally, and
the violator fined up to $_______? - CORRECT ANSWER-$10,000 (Chapter 11,
page 5)
Which is not an advantage of a partnership? - CORRECT ANSWER-Multiple
decision makers (Chapter 2, page 2)
________ prohibits firing due to taking of property. - CORRECT ANSWER-Wage
Garnishment Law (Chapter 11, page 8)
The maximum number of shareholders permitted within an S corporation is? -
CORRECT ANSWER-75 (Chapter 16, page 2)
FOB freight prepaid requires _________ to pay for shipping charges. -
CORRECT ANSWER-Seller (Chapter 14, page 11)
Which of the following is not a member of the supervisory team? Foreman,
Materials expediter, Owner's representative, Project manager - CORRECT
ANSWER-Project Manager (Chapter 9, page 7)
________ scheduling consists of dates, delivery dates, payment schedule and
vacations. It is a simplified method. - CORRECT ANSWER-Calendar (Chapter 9,
page 2)
When working in dwelling that was built prior to 1978, the employer is to provide
each occupant with a pamphlet titled __________. - CORRECT
ANSWER-Protect your family from lead in your home (Chapter 12, page 13)
Who pays into a worker's unemployment compensation? - CORRECT
ANSWER-Employer (Chapter 11, page 12)
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 that should be for? - CORRECT ANSWER-More than $80,000 (260,000
x .35)
Which of the following is not a key characteristic of a sole proprietorship? -
CORRECT ANSWER-Business expenses and personal income are not
separated (Chapter 2, page 1)
What is the quick ratio (or acid test ratio) for a company that has current assets
of $28,000, inventory of $4,000, and a current liabilities of $6,000? - CORRECT
ANSWER-4/1 (Chapter 14, Page 6)
An EAP is required to be in writing for _______ employees or more. - CORRECT
ANSWER-11 (Chapter 12, page 3)
, Who pays into FUTA? - CORRECT ANSWER-Employer (Chapter 15, page 5)
What is the purpose of just-in-time deliveries? - CORRECT ANSWER-Profit high
and vandalism low (Chapter 9, page 9)
Which of the following does not have to do with Ethics?
Showing up to the job on time, do what you say you are going to do, doing the
right thing, lying to the customer - CORRECT ANSWER-Lying to the customer
(Chapter 5, page 2)
Which of the following is not a reward for owning an entrepreneurship? Flexibility
of time, making decisions, being your own boss, managing cash flow -
CORRECT ANSWER-Managing cash flow (Chapter 1, page 1)
Which of the following is not covered under the ADA? AIDS, drug addiction,
alcohol addiction, paper cut - CORRECT ANSWER-Paper cut (Chapter 11, page
7)
A job is estimated to cost $1 million. However, two companies have a cap of
$500,000. They can legally do this job if they _______. - CORRECT
ANSWER-Join venture (Chapter 2, page 6)
Willful violations of employment under FSLA may be prosecuted criminally, and
the violator fined up to $_______? - CORRECT ANSWER-$10,000 (Chapter 11,
page 5)
Which is not an advantage of a partnership? - CORRECT ANSWER-Multiple
decision makers (Chapter 2, page 2)
________ prohibits firing due to taking of property. - CORRECT ANSWER-Wage
Garnishment Law (Chapter 11, page 8)
The maximum number of shareholders permitted within an S corporation is? -
CORRECT ANSWER-75 (Chapter 16, page 2)
