NASCLA PSI EXAM PRACTICE QUESTIONS WITH VERIFIED SOLUTIONS 2024/2025, Exams of Business Administration

Download NASCLA PSI EXAM PRACTICE QUESTIONS WITH VERIFIED SOLUTIONS 2024/2025 and more Exams Business Administration in PDF only on Docsity! NASCLA PSI EXAM PRACTICE QUESTIONS WITH VERIFIED SOLUTIONS 2024/2025 FOB freight prepaid requires __________ to pay for shipping charges Seller 14-12 Which of the following is not a member of the supervisory team? Project manager 9-7 __________ scheduling consists of dates, delivery dates, payment schedule and vacations. It is a simplified method. Calendar 9-3 When working in dwelling that was built prior to 1978, the employer is to provide each occupant with a pamphlet title _________? Protect your family from lead in your home 12-14 You have ___________ days from the completion of a commercial structure or commercial construction project to file a lien claim form. 90 16-2 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? More than $80,000 $260,000 * .35= $91,000 Which of the following is not a key characteristic of a sole proprietor ship? Business expenses and personal income are not separated. 2-1 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? 4/1 14-7 An EAP is required to be in writing for______employees or more. 11 12-3 Who pays into FUTA? Employer 15-5 What is the purpose of just in time deliveries? Profit high and vandalism low. 9-9 Ethics has to do with all but which of the following? Lying to the customer. 5-2 Which of the following is not a reward for owning a enterprise? Managing cash flow 1-1 Which of the following is not covered under the ADA? Paper cut. 11-7 A job estimated to cost $1 million. However, two companies have a Of $500,000. They can legally do this job if they___? Joint venture. 2-6 The standard make up in the construction industry is? 15%. 7-7 Which is not an advantage of a partnership? Multiple decision makers. 2-2 ___Prohibits firing due to taking of property. Wage Garnishment law 11-8 The maximum number of shareholders permitted within an S corporation is? 75 2-5 The state sales tax is___Percent of the gross sales for materials purchased or leased in New Jersey. 6 15-8 Delegating provides for all but the following? I can do it all 5-1,5-2 The most important aspect of a contract is___? Understanding. 8-2 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 Turnkey. 8-6 If the contact is ambiguous , the interpretation will go against who? The party who wrote the contact 8-10 Who determines progress/final payment? Architect. 8-3 The construction industry payment protection act of 1999 states______ Payment bond protection are void before work begins. 4-9 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. A 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___ February 15. 15-6 Which of the following enterprises are double taxed? 1 Exam Prep, Inc. 2-3