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NASCLA PSI Exam Practice Questions and Answers, Exams of Nursing

A collection of practice questions and answers for the nascla psi exam, covering various topics related to construction law, business management, and safety regulations. The questions are presented in a multiple-choice format, allowing users to test their knowledge and prepare for the exam. Valuable for individuals seeking to obtain a contractor's license or those working in the construction industry.

Typology: Exams

2023/2024

Available from 11/06/2024

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NASCLA PSI EXAM PRACTICE

FOB freight prepaid requires __________ to pay for shipping charges - Question and answersSeller 14- Which of the following is not a member of the supervisory team? - Question and answersProject manager 9- __________ scheduling consists of dates, delivery dates, payment schedule and vacations. It is a simplified method. - Question and answersCalendar 9- When working in dwelling that was built prior to 1978, the employer is to provide each occupant with a pamphlet title _________? - Question and answersProtect your family from lead in your home 12- You have ___________ days from the completion of a commercial structure or commercial construction project to file a lien claim form. - Question and answers90 16- A lump sum contract on a project has a total contact price of $260,000. Retainage has been held back at 10%. The contractor has received progress payments for 75% of the project. The contractor submit a request for final payment should be for? - Question and answersMore than $80,000 $260,000 * .35= $91, Which of the following is not a key characteristic of a sole proprietor ship? - Question and answersBusiness expenses and personal income are not separated. 2- What is the quick ratio or or acid test ratio for a company that has current assets of $28,000, inventory of $4000, and current liabilities of $6000? - Question and answers4/1 14- An EAP is required to be in writing for______employees or more. - Question and answers11 12- Who pays into FUTA? - Question and answersEmployer 15- What is the purpose of just in time deliveries? - Question and answersProfit high and vandalism low. 9- Ethics has to do with all but which of the following? - Question and answersLying to the customer. 5- Which of the following is not a reward for owning a enterprise? - Question and answersManaging cash flow 1-

Which of the following is not covered under the ADA? - Question and answersPaper cut. 11- A job estimated to cost $1 million. However, two companies have a Of $500,000. They can legally do this job if they___? - Question and answersJoint venture. 2- The standard make up in the construction industry is? - Question and answers15%. 7- Which is not an advantage of a partnership? - Question and answersMultiple decision makers. 2- Prohibits firing due to taking of property. - Question and answersWage Garnishment law 11- The maximum number of shareholders permitted within an S corporation is? - Question and answers75 2- The state sales tax is___Percent of the gross sales for materials purchased or leased in New Jersey. - Question and answers6 15- Delegating provides for all but the following? - Question and answersI can do it all 5-1,5- 2 The most important aspect of a contract is? - Question and answersUnderstanding. 8- A____________ is used when and owner of contracts with one company to complete the construction process from the start to finish and purchase land. How do you - Question and answersTurnkey. 8- If the contact is ambiguous , the interpretation will go against who? - Question and answersThe party who wrote the contact 8- Who determines progress/final payment? - Question and answersArchitect. 8- The construction industry payment protection act of 1999 states______ - Question and answersPayment bond protection are void before work begins. 4- What is the total project overhead for a project that last for months and has the following cost? Labor is $5000 materials or $10,000, equipment rentals or $2000, superintendent's annual salary is $40,000, office rent is $500 per month; in office utilities or $400 per month. - Question and answersA Between $12,000 and $16,000. The only project overhead is going to be the salary of the superintendent. 40.000/12=3333.33 * 4 months Exempt Forms W-4 expires on___ - Question and answersFebruary 15. 15-

Which of the following enterprises are double taxed? - Question and answers1 Exam Prep, Inc. 2- Which of the following is not considered as an acceptance to a contract? - Question and answersCounter offer. 8- A____is a special business arrangement that exist when two or more companies join to undertake a specific project. - Question and answersJoint Venture. 2- The family and medical leave act does not allow for which of the following? - Question and answersCare for first cousin. 11- To determine how much to withhold in taxes from employee, the employer is to use the employees_____ - Question and answersW-4. 15- A contractor pays a workers comp a Seshan rate of $.10 per $100 of office employees payroll, $2.00 per $100 of field supervisors payroll, and $.36 per $100 of field employees payroll. Total office employee payroll for the year is $35,000. Total Office employee payroll for the year is $35,000. Total field supervisor payroll is $58,000. Total field employee payroll is $325,000. The contractor receives a discount of 5% of total premiums were having a safety program in place. The total workers compensation for the year is? - Question and answersD More than $2,000. 0.10 * 35,000= 3,500 (based on 100) 3,500/100= 35.00 (Office payroll premium) 2.00* 58,000= 116,000/100= 1,160.00 (field S) 0.36 *325,000=117,000/100=1,170(field E) 35+1160+1170=2,365-5%= $2,246. Which of the following does not apply to a C corporation? - Question and answersLimited life of the business 2- Which of the following are permitted to be asked of a potential employee? - Question and answersHours available. 11-1,11- If D & K construction wanted to limit their liabilities, they should become and _____________ - Question and answersC corporation. 2- For federal taxes, hey soul proprietor is to use self employment tax form____ - Question and answers1040 & Schedule SE 15- The____method recognizes income when the employer has received it. - Question and answersB. Cash. 14- Failing to obtain proper workers compensation coverage is punishable by law and includes fines up to___for the first 10 days. - Question and answers$5,000 11-

Which of the following insurance will protect our organizations officers? - Question and answersDO 4- What percentage of a UST's combined volume must be underground? - Question and answers10 12- Which of the following bonds guarantees that the contractor will complete the project? - Question and answersPerformance bond. 4- The MSDS provides for two main purposes; one purpose is product information, the other purpose is _______________ information. - Question and answersChemical. 12- Unemployment insurance is for employees who have been__________ - Question and answersLaid off. 4- The _____________ method recognizes income when the employer has received it - Question and answersCash. 14- Which of the following is not one of the key elements of a contract? - Question and answersCounter offer 8-1,8- Which of the following is not a key characteristic of a partnership? - Question and answersD. Continuance of organization is case of death of a partner. 2- Where would depreciation of equipment be first entered? - Question and answersGeneral journal. 14- Fixed assets include all but which of the following? - Question and answersDirect costs 14-