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NASCLA BUSINESS, LAW AND
PROJECT MANAGEMENT ( BASIC)
- PRACTICE TEST 2 QUESTIONS
WITH COMPLETE SOLUTI ONS
Question 1: The _____ method recognizes income when
the employer has done the work but has not received the income.
- Accrual
- Appreciation
- Depreciation
- Cash
CORRECT ANSWER: A. Accrual
Question 2: A _____ bundles all cost factors for entire
task.
- Lump sum
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- Cost plus
- Percent completion method
- Unit price method
CORRECT ANSWER: D. Unit price method
Question 3: _____ requires paying prevailing wages in
federally-financed projects.
- Service Contract Act
- Walsh-Healey Act
- Wage Garnishment Law
- Davis-Bacon Act
CORRECT ANSWER: D. Davis-Bacon Act
Question 4: _____ absolves the indemnified party from
any payment for losses and damages incurred by a third party.
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- Indemnification
- Delays and extensions of time
- Schedule acceleration
- Force majeure
CORRECT ANSWER: A. Indemnification
Question 5: An Emergency Action plan should include
_____.
- Student's name
- Employer's name
- Administrator's name
- Next of kin
CORRECT ANSWER: C. Administrator's Name
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Question 6: The MSDS provides for two main purposes: one purpose is product information; the other purpose is _____ information.
- Substance
- Chemical
- Sequence of activities
- Emergency contact
CORRECT ANSWER: D. Emergency contact
Question 7: Having adequate technology strengths can
NOT help an organization with _____.
- Estimating
- Purchasing
- Scheduling
- Vacationing