100 PRACTICE QUESTIONS FOR
THE FLORIDA CONTRACTORS
MANUAL QUESTIONS AND
ANSWERS
A. 1 QC QC year
B. 2 QC QC years
C. 3 QC QC years
D. 5 QC QC years - ANSWERS--D. 5 years
QC QC QC QC
1-15
Which of the following would have jurisdiction over dredging or excavation of n
QC QC QC QC QC QC QC QC QC QC QC QC
avigable waters and wetlands? QC QC QC
A. U.S. Dept. of the Interior
QC QC QC QC QC QC
B. Florida Dept. of State
QC QC QC QC
C. Florida Dept.of Transportation
QC QC QC
D. U.S Army Corps of Engineers - ANSWERS--
QC QC QC QC QC QC QC
D. U.S Army Corps of Engineers
QC QC QC QC QC
1-16
The name of the form which is used to apply for sales tax is?
QC QC QC QC QC QC QC QC QC QC QC QC QC
A. W2 QC
B. DR-1
QC QC
C. S1 QC
D. W4 - ANSWERS--B. DR-1
QC QC QC QC
1-21
Which of the following is NOT true about a fictitious name registration?
QC QC QC QC QC QC QC QC QC QC QC
A. Valid for 5 years.
QC QC QC QC
B. The fictitious name must be advertised at least one time.
QC QC QC QC QC QC QC QC QC QC
C. If a change of ownership occurs, the owner(s) of record must file a cancell
QC QC QC QC QC QC QC QC QC QC QC QC QC QC
ation and registration within 45 days of filing,
QC QC QC QC QC QC QC
D. Fictitious name registration must be renewed between July 1 and December
QC QC QC QC QC QC QC QC QC QC QC
31 in the expiration year. - ANSWERS--
QC QC QC QC QC QC QC
C. If a change of ownership occurs, the owner(s) of record must file a cancell
QC QC QC QC QC QC QC QC QC QC QC QC QC QC
ation and registration within 45 days of filing,
QC QC QC QC QC QC QC
1-15
Three partners, Noah, Evan & Steven form a partnership. Noah invests $30,00
QC QC QC QC QC QC QC QC QC QC QC
0; Steven invests $20,000 and Evan invests $15,000. In addition, Noah perform
QC QC QC QC QC QC QC QC QC QC QC
s specific management functions for which he is paid $5,000 from the partners
QC QC QC QC QC QC QC QC QC QC QC QC
hip proceeds. If the partnership earns $244,000, how much will Noah receive?
QC QC QC QC QC QC QC QC QC QC QC QC
,A. Less than $70,000
QC QC QC
B. Between $70,000 -$90,000
QC QC QC
C. Between $90,000-$110,000
QC QC
D. More than $110,000 - ANSWERS--D. More than $110,000
QC QC QC QC QC QC QC QC
1-12
If the above partnership were dissolved, showing a net loss of $60,000, how m
QC QC QC QC QC QC QC QC QC QC QC QC QC
uch would Noah owe?
QC QC QC
A. $60,000
QC QC
B. $4,666
QC
C. $20,000
QC
D. $0.00 - ANSWERS--A. $60,000
QC QC QC QC QC
1-13
According to the Contractor's Manual, starting capital should be enough to cove
QC QC QC QC QC QC QC QC QC QC QC
r living expenses for between which of the following?
QC QC QC QC QC QC QC QC
A. 3 months to a year
QC QC QC QC QC QC
B. 6 months to a year
QC QC QC QC QC
C. 9 months to a year
QC QC QC QC QC
D. at least a year - ANSWERS--A. 3 months to a year
QC QC QC QC QC QC QC QC QC QC QC
1-17
A Partnership will be dissolved if which of the following applies?
QC QC QC QC QC QC QC QC QC QC
A. UnlawfuI Activity
QC QC
B. Failing to have a primary qualifying agent
QC QC QC QC QC QC QC
C. A court decree under the partnership act
QC QC QC QC QC QC QC
D. A and C 1-29 - ANSWERS--D. A and C 1-29
QC QC QC QC QC QC QC QC QC QC
1-29
Which of the following is NOT characteristic about a General and Limited Partn
QC QC QC QC QC QC QC QC QC QC QC QC
ership?
A. The limited partnership has two types of partners; a partnership only one.
QC QC QC QC QC QC QC QC QC QC QC QC QC
B. The general partners of a limited partnership have limited personal liability; t
QC QC QC QC QC QC QC QC QC QC QC QC
he partners of a partnership do not.
QC QC QC QC QC QC QC
C. In a limited partnership the limited partners have no management responsibi
QC QC QC QC QC QC QC QC QC QC QC
lity.
D. The general partner has joint and several liability; the limited partner does n
QC QC QC QC QC QC QC QC QC QC QC QC QC
ot - ANSWERS--
QC QC
C. In a limited partnership the limited partners have no management responsibi
QC QC QC QC QC QC QC QC QC QC QC
lity.
1-12
Which of the following is NOT true about a sole proprietor, a/
QC QC QC QC QC QC QC QC QC QC QC
k/a DBA, operating a business in his own name?
QC QC QC QC QC QC QC QC
A. A business fictitious name filing is necessary.
QC QC QC QC QC QC QC
, B. A business Tax Identification Number filing is necessary.
QC QC QC QC QC QC QC QC
C. Neither A nor B
QC QC QC QC QC
D. Both A and B - ANSWERS--D. Both A and B
QC QC QC QC QC QC QC QC QC QC
1-11
Which of the following is an advantage of owning a corporation?
QC QC QC QC QC QC QC QC QC QC
A. Continuity of existence.
QC QC QC QC
B. Lack of centralized control.
QC QC QC QC
C. sharing of ideas and management responsibility.
QC QC QC QC QC QC
D. Easier to create. - ANSWERS--A. Continuity of existence.
QC QC QC QC QC QC QC QC QC
1-11
Unlicensed practice of a profession is punishable by an administrative penalty
QC QC QC QC QC QC QC QC QC QC QC
not to exceed _______.
QC QC QC
A. $500
QC
B. $1,000
QC
C. $5,000QC QC
D. $12,500 - ANSWERS--C. $5,000
QC QC QC QC QC
455.228(1)
Which of the following applies to a qualifying agent of corporation?
QC QC QC QC QC QC QC QC QC QC
a. He is only qualified to act for the business during normal working hours
QC QC QC QC QC QC QC QC QC QC QC QC QC
b. He is qualified to act for the corporation in all matters connected with its co
QC QC QC QC QC QC QC QC QC QC QC QC QC QC QC
nstruction business QC QC
c. He does have authority to supervise in all areas of the company's business
QC QC QC QC QC QC QC QC QC QC QC QC QC
d. None of the above - ANSWERS--
QC QC QC QC QC QC
b. He is qualified to act for the corporation in all matters connected with its co
QC QC QC QC QC QC QC QC QC QC QC QC QC QC QC
nstruction business QC
489.119
If a contractor is disciplined by the board and is the qualifying agent for a busi
QC QC QC QC QC QC QC QC QC QC QC QC QC QC QC
ness organization and the violation was performed in connection with a constru
QC QC QC QC QC QC QC QC QC QC QC
ction project undertaken by that business organization, the board may impose
QC QC QC QC QC QC QC QC QC QC QC
an additional administrative fine not to exceed___________ against the busines
QC QC QC QC QC QC QC QC QC
s organization or against any partner, officer, director, trustee, or member if su
QC QC QC QC QC QC QC QC QC QC QC QC
ch person participated in the violation or knew or should have known of the vi
QC QC QC QC QC QC QC QC QC QC QC QC QC QC
olation and failed to take corrective action.
QC QC QC QC QC QC
a. $500
QC
b. $1,000
QC
c. $2,500
QC
d. $5,000 - ANSWERS--d. $5,000
QC QC QC QC QC
489.129
Failure of a licensee to renew before a license expires shall cause the license
QC QC QC QC QC QC QC QC QC QC QC QC QC Q
to become _________.
C QC QC
THE FLORIDA CONTRACTORS
MANUAL QUESTIONS AND
ANSWERS
A. 1 QC QC year
B. 2 QC QC years
C. 3 QC QC years
D. 5 QC QC years - ANSWERS--D. 5 years
QC QC QC QC
1-15
Which of the following would have jurisdiction over dredging or excavation of n
QC QC QC QC QC QC QC QC QC QC QC QC
avigable waters and wetlands? QC QC QC
A. U.S. Dept. of the Interior
QC QC QC QC QC QC
B. Florida Dept. of State
QC QC QC QC
C. Florida Dept.of Transportation
QC QC QC
D. U.S Army Corps of Engineers - ANSWERS--
QC QC QC QC QC QC QC
D. U.S Army Corps of Engineers
QC QC QC QC QC
1-16
The name of the form which is used to apply for sales tax is?
QC QC QC QC QC QC QC QC QC QC QC QC QC
A. W2 QC
B. DR-1
QC QC
C. S1 QC
D. W4 - ANSWERS--B. DR-1
QC QC QC QC
1-21
Which of the following is NOT true about a fictitious name registration?
QC QC QC QC QC QC QC QC QC QC QC
A. Valid for 5 years.
QC QC QC QC
B. The fictitious name must be advertised at least one time.
QC QC QC QC QC QC QC QC QC QC
C. If a change of ownership occurs, the owner(s) of record must file a cancell
QC QC QC QC QC QC QC QC QC QC QC QC QC QC
ation and registration within 45 days of filing,
QC QC QC QC QC QC QC
D. Fictitious name registration must be renewed between July 1 and December
QC QC QC QC QC QC QC QC QC QC QC
31 in the expiration year. - ANSWERS--
QC QC QC QC QC QC QC
C. If a change of ownership occurs, the owner(s) of record must file a cancell
QC QC QC QC QC QC QC QC QC QC QC QC QC QC
ation and registration within 45 days of filing,
QC QC QC QC QC QC QC
1-15
Three partners, Noah, Evan & Steven form a partnership. Noah invests $30,00
QC QC QC QC QC QC QC QC QC QC QC
0; Steven invests $20,000 and Evan invests $15,000. In addition, Noah perform
QC QC QC QC QC QC QC QC QC QC QC
s specific management functions for which he is paid $5,000 from the partners
QC QC QC QC QC QC QC QC QC QC QC QC
hip proceeds. If the partnership earns $244,000, how much will Noah receive?
QC QC QC QC QC QC QC QC QC QC QC QC
,A. Less than $70,000
QC QC QC
B. Between $70,000 -$90,000
QC QC QC
C. Between $90,000-$110,000
QC QC
D. More than $110,000 - ANSWERS--D. More than $110,000
QC QC QC QC QC QC QC QC
1-12
If the above partnership were dissolved, showing a net loss of $60,000, how m
QC QC QC QC QC QC QC QC QC QC QC QC QC
uch would Noah owe?
QC QC QC
A. $60,000
QC QC
B. $4,666
QC
C. $20,000
QC
D. $0.00 - ANSWERS--A. $60,000
QC QC QC QC QC
1-13
According to the Contractor's Manual, starting capital should be enough to cove
QC QC QC QC QC QC QC QC QC QC QC
r living expenses for between which of the following?
QC QC QC QC QC QC QC QC
A. 3 months to a year
QC QC QC QC QC QC
B. 6 months to a year
QC QC QC QC QC
C. 9 months to a year
QC QC QC QC QC
D. at least a year - ANSWERS--A. 3 months to a year
QC QC QC QC QC QC QC QC QC QC QC
1-17
A Partnership will be dissolved if which of the following applies?
QC QC QC QC QC QC QC QC QC QC
A. UnlawfuI Activity
QC QC
B. Failing to have a primary qualifying agent
QC QC QC QC QC QC QC
C. A court decree under the partnership act
QC QC QC QC QC QC QC
D. A and C 1-29 - ANSWERS--D. A and C 1-29
QC QC QC QC QC QC QC QC QC QC
1-29
Which of the following is NOT characteristic about a General and Limited Partn
QC QC QC QC QC QC QC QC QC QC QC QC
ership?
A. The limited partnership has two types of partners; a partnership only one.
QC QC QC QC QC QC QC QC QC QC QC QC QC
B. The general partners of a limited partnership have limited personal liability; t
QC QC QC QC QC QC QC QC QC QC QC QC
he partners of a partnership do not.
QC QC QC QC QC QC QC
C. In a limited partnership the limited partners have no management responsibi
QC QC QC QC QC QC QC QC QC QC QC
lity.
D. The general partner has joint and several liability; the limited partner does n
QC QC QC QC QC QC QC QC QC QC QC QC QC
ot - ANSWERS--
QC QC
C. In a limited partnership the limited partners have no management responsibi
QC QC QC QC QC QC QC QC QC QC QC
lity.
1-12
Which of the following is NOT true about a sole proprietor, a/
QC QC QC QC QC QC QC QC QC QC QC
k/a DBA, operating a business in his own name?
QC QC QC QC QC QC QC QC
A. A business fictitious name filing is necessary.
QC QC QC QC QC QC QC
, B. A business Tax Identification Number filing is necessary.
QC QC QC QC QC QC QC QC
C. Neither A nor B
QC QC QC QC QC
D. Both A and B - ANSWERS--D. Both A and B
QC QC QC QC QC QC QC QC QC QC
1-11
Which of the following is an advantage of owning a corporation?
QC QC QC QC QC QC QC QC QC QC
A. Continuity of existence.
QC QC QC QC
B. Lack of centralized control.
QC QC QC QC
C. sharing of ideas and management responsibility.
QC QC QC QC QC QC
D. Easier to create. - ANSWERS--A. Continuity of existence.
QC QC QC QC QC QC QC QC QC
1-11
Unlicensed practice of a profession is punishable by an administrative penalty
QC QC QC QC QC QC QC QC QC QC QC
not to exceed _______.
QC QC QC
A. $500
QC
B. $1,000
QC
C. $5,000QC QC
D. $12,500 - ANSWERS--C. $5,000
QC QC QC QC QC
455.228(1)
Which of the following applies to a qualifying agent of corporation?
QC QC QC QC QC QC QC QC QC QC
a. He is only qualified to act for the business during normal working hours
QC QC QC QC QC QC QC QC QC QC QC QC QC
b. He is qualified to act for the corporation in all matters connected with its co
QC QC QC QC QC QC QC QC QC QC QC QC QC QC QC
nstruction business QC QC
c. He does have authority to supervise in all areas of the company's business
QC QC QC QC QC QC QC QC QC QC QC QC QC
d. None of the above - ANSWERS--
QC QC QC QC QC QC
b. He is qualified to act for the corporation in all matters connected with its co
QC QC QC QC QC QC QC QC QC QC QC QC QC QC QC
nstruction business QC
489.119
If a contractor is disciplined by the board and is the qualifying agent for a busi
QC QC QC QC QC QC QC QC QC QC QC QC QC QC QC
ness organization and the violation was performed in connection with a constru
QC QC QC QC QC QC QC QC QC QC QC
ction project undertaken by that business organization, the board may impose
QC QC QC QC QC QC QC QC QC QC QC
an additional administrative fine not to exceed___________ against the busines
QC QC QC QC QC QC QC QC QC
s organization or against any partner, officer, director, trustee, or member if su
QC QC QC QC QC QC QC QC QC QC QC QC
ch person participated in the violation or knew or should have known of the vi
QC QC QC QC QC QC QC QC QC QC QC QC QC QC
olation and failed to take corrective action.
QC QC QC QC QC QC
a. $500
QC
b. $1,000
QC
c. $2,500
QC
d. $5,000 - ANSWERS--d. $5,000
QC QC QC QC QC
489.129
Failure of a licensee to renew before a license expires shall cause the license
QC QC QC QC QC QC QC QC QC QC QC QC QC Q
to become _________.
C QC QC
