AZ CONTRACTOR'S BME (BUSINESS MANAGEMENT EXAM) PREP
QUESTIONS AND ANSWERS NEW RELEASE
Certificate of Limited Partnership - ANSWER What document must be
presented when registering an Arizona Limited Partnership?
60 Days - ANSWER How many days do you have to publish the 'Articles of
Incorporation' after having submitted the 'Articles of Incorporation' with the
Arizona Corporate Commission?
120 days: How many days can a corporate (a corporation's legal company
name) name be reserved before incorporation in order to reserve a trade name
(also called a DBA)?
Qualifying Party: ANSWER : What organization is not allowed to alter a
contractor's license name?
Construction Property (Also fixures & labor costs in some circumstances) -
ANSWER What does Builder's risk insurance protect?
Contractor's cars & personnel - ANSWER What does Comprehensive Liability
Insurance not cover?
The contract will be void & the issue will result in litigation - ANSWER If a
contractor refuses to work on a job bid that was offered to them, what will
happen as a result?
A1-R - ANSWER What form is used to reports & pay quarterly
unemployment taxes to the Arizona Department of Economic Security?
40 - ANSWER After how many hours a week does overtime kick in for U.S.
employees according to the FLSA
3 - ANSWER An employer must display an Annual Summary of work-related
injuries for at least how many months annually? $70,000- ANSWER What is
the maximum amount of money that can be fined for each OSHA
infraction?5,000 - ANSWER Willful OSHA violations incur in an a minimum
QUESTIONS AND ANSWERS NEW RELEASE
Certificate of Limited Partnership - ANSWER What document must be
presented when registering an Arizona Limited Partnership?
60 Days - ANSWER How many days do you have to publish the 'Articles of
Incorporation' after having submitted the 'Articles of Incorporation' with the
Arizona Corporate Commission?
120 days: How many days can a corporate (a corporation's legal company
name) name be reserved before incorporation in order to reserve a trade name
(also called a DBA)?
Qualifying Party: ANSWER : What organization is not allowed to alter a
contractor's license name?
Construction Property (Also fixures & labor costs in some circumstances) -
ANSWER What does Builder's risk insurance protect?
Contractor's cars & personnel - ANSWER What does Comprehensive Liability
Insurance not cover?
The contract will be void & the issue will result in litigation - ANSWER If a
contractor refuses to work on a job bid that was offered to them, what will
happen as a result?
A1-R - ANSWER What form is used to reports & pay quarterly
unemployment taxes to the Arizona Department of Economic Security?
40 - ANSWER After how many hours a week does overtime kick in for U.S.
employees according to the FLSA
3 - ANSWER An employer must display an Annual Summary of work-related
injuries for at least how many months annually? $70,000- ANSWER What is
the maximum amount of money that can be fined for each OSHA
infraction?5,000 - ANSWER Willful OSHA violations incur in an a minimum
