1 Exam Prep
NASCLA Contractor's Guide to Business, Law, and
Project Management, Florida 1st Edition
1. 1. Which of the following bonds guarantees that the contractor has paid
the subcontractor?
A. Bid bond
B. Performance bond
C. Payment bond
D. James bond: Payment Bond
2. 2. The _____________ method recognizes income when the employer
has done the work, yet has not received the income.
A. Accrual
B. Appreciation
C. Deprecation
D. Cash: Cash
3. 3. A ___________________ bundles all cost factors for entire task.
A. Lump sum
B. Cost plus
C. Percent completion method
,1 Exam Prep
NASCLA Contractor's Guide to Business, Law, and
Project Management, Florida 1st Edition
D. Unit price method: Unit Price Method
4. 4. _______________ requires paying prevailing wages in federally-
financed projects.
A. Service Contract Act
B. Walsh-Healey Act
C. Wage Garnishment Law
D. Davis-Bacon Act: Service Contract Act
5. 5. ________________ 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: Schedule acceleration
6. 6. The EAP should include ______________.
A. Student's name
B. Employer's name
, 1 Exam Prep
NASCLA Contractor's Guide to Business, Law, and
Project Management, Florida 1st Edition
C. Administrator's name
D. Next of kin: Employer's Name
7. 7. 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: Emergency Contract
8. 8. Having adequate technology strengths can help an organization with all
except the following?
A. Estimating
B. Purchasing
C. Scheduling
D. Vacationing: Estimating
9. 9. Which of the following is an exclusion to an advantage of a sole
proprietor?
NASCLA Contractor's Guide to Business, Law, and
Project Management, Florida 1st Edition
1. 1. Which of the following bonds guarantees that the contractor has paid
the subcontractor?
A. Bid bond
B. Performance bond
C. Payment bond
D. James bond: Payment Bond
2. 2. The _____________ method recognizes income when the employer
has done the work, yet has not received the income.
A. Accrual
B. Appreciation
C. Deprecation
D. Cash: Cash
3. 3. A ___________________ bundles all cost factors for entire task.
A. Lump sum
B. Cost plus
C. Percent completion method
,1 Exam Prep
NASCLA Contractor's Guide to Business, Law, and
Project Management, Florida 1st Edition
D. Unit price method: Unit Price Method
4. 4. _______________ requires paying prevailing wages in federally-
financed projects.
A. Service Contract Act
B. Walsh-Healey Act
C. Wage Garnishment Law
D. Davis-Bacon Act: Service Contract Act
5. 5. ________________ 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: Schedule acceleration
6. 6. The EAP should include ______________.
A. Student's name
B. Employer's name
, 1 Exam Prep
NASCLA Contractor's Guide to Business, Law, and
Project Management, Florida 1st Edition
C. Administrator's name
D. Next of kin: Employer's Name
7. 7. 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: Emergency Contract
8. 8. Having adequate technology strengths can help an organization with all
except the following?
A. Estimating
B. Purchasing
C. Scheduling
D. Vacationing: Estimating
9. 9. Which of the following is an exclusion to an advantage of a sole
proprietor?
