NASCLA Business, Law and Project Management (Basic)
- Practice Test 2 with Verified Answers
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 - ANS -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 - ANS -D. Unit price method
6-7
_____ requires paying prevailing wages in federally-financed projects.
A. Service Contract Act
B. Walsh-Healey Act
1
Page
C. Wage Garnishment Law
,D. Davis-Bacon Act - ANS -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 - ANS -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 - ANS -C. Administrator's Name
11-3
The MSDS provides for two main purposes: one purpose is product information; the other
purpose is _____ information.
2
Page
, A. Substance
B. Chemical
C. Sequence of activities
D. Emergency contact - ANS -D. Emergency contact
11-6
Having adequate technology strengths can NOT help an organization with _____.
A. Estimating
B. Purchasing
C. Scheduling
D. Vacationing - ANS -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 - ANS -A. Limited personal responsibility
2-2
3
Page
A _____ bond guarantees that the contractor has paid the subcontractor.
- Practice Test 2 with Verified Answers
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 - ANS -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 - ANS -D. Unit price method
6-7
_____ requires paying prevailing wages in federally-financed projects.
A. Service Contract Act
B. Walsh-Healey Act
1
Page
C. Wage Garnishment Law
,D. Davis-Bacon Act - ANS -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 - ANS -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 - ANS -C. Administrator's Name
11-3
The MSDS provides for two main purposes: one purpose is product information; the other
purpose is _____ information.
2
Page
, A. Substance
B. Chemical
C. Sequence of activities
D. Emergency contact - ANS -D. Emergency contact
11-6
Having adequate technology strengths can NOT help an organization with _____.
A. Estimating
B. Purchasing
C. Scheduling
D. Vacationing - ANS -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 - ANS -A. Limited personal responsibility
2-2
3
Page
A _____ bond guarantees that the contractor has paid the subcontractor.
