This study guide is organized to match the way topics appear on the New Mexico Business & Law exam. Here is what is included in your download:
Use these questions alongside your New Mexico NASCLA Contractor’s Guide to Business, Law & Project Management. Read a section of the book, then work through the related practice questions to check your understanding.
Each question includes a reference to the section of the NASCLA book where the subject is discussed. This helps you quickly review why the correct answer is right and reinforces the process of looking up information efficiently — a key skill for an open-book exam.
Bookmarks have been added throughout the study guide to help you:
Use the additional questions drawn from IRS Publication 15 (“Employer’s Tax Guide”, Circular E) to strengthen your coverage of payroll and tax topics that commonly appear on the Business & Law exam.
Coverage follows the subject areas in the official PSI exam outline, including licensing, business organization, estimating, contracts, labor, payroll, risk management, and safety.
Additional questions drawn from IRS Publication 15 (“Employer’s Tax Guide”, Circular E) are included to support topics commonly tested on the Business & Law exam.
Also included are questions from the two statutes listed in the allowed books, NMSA Chapter 60 and NMAC 14.6.3.
All study materials are delivered electronically for instant access after purchase and are provided as ZIP archives containing standard US letter-size PDF files. For reliable access, files should be downloaded and extracted on a computer, tablet or printed for offline study.
NOTE: The NASCLA reference book is not included. This product is a digital set of practice questions delivered by instant download.
| Subject Areas | # of Questions |
|---|---|
| Licensing Requirements | 8 |
| Estimating & Bidding | 5 |
| Business Organization & Financial Management | 8 |
| Tax Laws | 5 |
| Labor Laws | 4 |
| Project Management & Lien Law | 4 |
| Contracts | 8 |
| Risk Management | 4 |
| Environmental & Safety | 3 |
