100 Practice Questions for the Florida Contractors Manual
A properly registered fictitious name is valid for D. 5 years
________________ 1-15
A. 1 year
B. 2 years
C. 3 years
D. 5 years
Which of the following would have jurisdiction over D. U.S Army Corps of Engineers
dredging or excavation of navigable waters and 1-16
wetlands?
A. U.S. Dept. of the Interior
B. Florida Dept. of State
C. Florida Dept.of Transportation
D. U.S Army Corps of Engineers
The name of the form which is used to apply for sales tax B. DR-1
is? 1-21
A. W2
B. DR-1
C. S1
D. W4
Which of the following is NOT true about a fictitious C. If a change of ownership occurs, the owner(s) of record must file a
name registration? cancellation and registration within 45 days of filing,
1-15
A. Valid for 5 years.
B. The fictitious name must be advertised at least one
time.
C. If a change of ownership occurs, the owner(s) of
record must file a cancellation and registration within 45
days of filing,
D. Fictitious name registration must be renewed between
July 1 and December 31 in the expiration year.
Three partners, Noah, Evan & Steven form a D. More than $110,000
partnership. Noah invests $30,000; Steven invests 1-12
$20,000 and Evan invests $15,000. In addition, Noah
performs specific management functions for which he is
paid $5,000 from the partnership proceeds. If the
partnership earns $244,000, how much will Noah
receive?
A. Less than $70,000
B. Between $70,000 -$90,000
C. Between $90,000-$110,000
D. More than $110,000
If the above partnership were dissolved, showing a net A. $60,000
loss of $60,000, how much would Noah owe? 1-13
A. $60,000
B. $4,666
C. $20,000
D. $0.00
According to the Contractor's Manual, starting capital A. 3 months to a year
should be enough to cover living expenses for between 1-17
which of the following?
A. 3 months to a year
B. 6 months to a year
C. 9 months to a year
D. at least a year
A Partnership will be dissolved if which of the following D. A and C 1-29
applies? 1-29
A. UnlawfuI Activity
B. Failing to have a primary qualifying agent
C. A court decree under the partnership act
D. A and C 1-29
1
, 100 Practice Questions for the Florida Contractors Manual
Which of the following is NOT characteristic about a C. In a limited partnership the limited partners have no management
General and Limited Partnership? responsibility.
1-12
A. The limited partnership has two types of partners; a
partnership only one.
B. The general partners of a limited partnership have
limited personal liability; the partners of a partnership do
not.
C. In a limited partnership the limited partners have no
management responsibility.
D. The general partner has joint and several liability; the
limited partner does not
Which of the following is NOT true about a sole D. Both A and B
proprietor, a/k/a DBA, operating a business in his own 1-11
name?
A. A business fictitious name filing is necessary.
B. A business Tax Identification Number filing is
necessary.
C. Neither A nor B
D. Both A and B
Which of the following is an advantage of owning a A. Continuity of existence.
corporation? 1-11
A. Continuity of existence.
B. Lack of centralized control.
C. sharing of ideas and management responsibility.
D. Easier to create.
Unlicensed practice of a profession is punishable by an C. $5,000
administrative penalty not to exceed _______. 455.228(1)
A. $500
B. $1,000
C. $5,000
D. $12,500
Which of the following applies to a qualifying agent of b. He is qualified to act for the corporation in all matters connected with its
corporation? construction business
489.119
a. He is only qualified to act for the business during
normal working hours
b. He is qualified to act for the corporation in all matters
connected with its construction business
c. He does have authority to supervise in all areas of the
company's business
d. None of the above
If a contractor is disciplined by the board and is the d. $5,000
qualifying agent for a business organization and the 489.129
violation was performed in connection with a construction
project undertaken by that business organization, the
board may impose an additional administrative fine not to
exceed___________ against the business organization
or against any partner, officer, director, trustee, or
member if such person participated in the violation or
knew or should have known of the violation and failed to
take corrective action.
a. $500
b. $1,000
c. $2,500
d. $5,000
Failure of a licensee to renew before a license expires a. delinquent
shall cause the license to become _________. 455.271(5)
a. delinquent
b. inactive
c. void
d. inactive until payment of a late fee and completion an
additional 4 hours of continuing education
2
A properly registered fictitious name is valid for D. 5 years
________________ 1-15
A. 1 year
B. 2 years
C. 3 years
D. 5 years
Which of the following would have jurisdiction over D. U.S Army Corps of Engineers
dredging or excavation of navigable waters and 1-16
wetlands?
A. U.S. Dept. of the Interior
B. Florida Dept. of State
C. Florida Dept.of Transportation
D. U.S Army Corps of Engineers
The name of the form which is used to apply for sales tax B. DR-1
is? 1-21
A. W2
B. DR-1
C. S1
D. W4
Which of the following is NOT true about a fictitious C. If a change of ownership occurs, the owner(s) of record must file a
name registration? cancellation and registration within 45 days of filing,
1-15
A. Valid for 5 years.
B. The fictitious name must be advertised at least one
time.
C. If a change of ownership occurs, the owner(s) of
record must file a cancellation and registration within 45
days of filing,
D. Fictitious name registration must be renewed between
July 1 and December 31 in the expiration year.
Three partners, Noah, Evan & Steven form a D. More than $110,000
partnership. Noah invests $30,000; Steven invests 1-12
$20,000 and Evan invests $15,000. In addition, Noah
performs specific management functions for which he is
paid $5,000 from the partnership proceeds. If the
partnership earns $244,000, how much will Noah
receive?
A. Less than $70,000
B. Between $70,000 -$90,000
C. Between $90,000-$110,000
D. More than $110,000
If the above partnership were dissolved, showing a net A. $60,000
loss of $60,000, how much would Noah owe? 1-13
A. $60,000
B. $4,666
C. $20,000
D. $0.00
According to the Contractor's Manual, starting capital A. 3 months to a year
should be enough to cover living expenses for between 1-17
which of the following?
A. 3 months to a year
B. 6 months to a year
C. 9 months to a year
D. at least a year
A Partnership will be dissolved if which of the following D. A and C 1-29
applies? 1-29
A. UnlawfuI Activity
B. Failing to have a primary qualifying agent
C. A court decree under the partnership act
D. A and C 1-29
1
, 100 Practice Questions for the Florida Contractors Manual
Which of the following is NOT characteristic about a C. In a limited partnership the limited partners have no management
General and Limited Partnership? responsibility.
1-12
A. The limited partnership has two types of partners; a
partnership only one.
B. The general partners of a limited partnership have
limited personal liability; the partners of a partnership do
not.
C. In a limited partnership the limited partners have no
management responsibility.
D. The general partner has joint and several liability; the
limited partner does not
Which of the following is NOT true about a sole D. Both A and B
proprietor, a/k/a DBA, operating a business in his own 1-11
name?
A. A business fictitious name filing is necessary.
B. A business Tax Identification Number filing is
necessary.
C. Neither A nor B
D. Both A and B
Which of the following is an advantage of owning a A. Continuity of existence.
corporation? 1-11
A. Continuity of existence.
B. Lack of centralized control.
C. sharing of ideas and management responsibility.
D. Easier to create.
Unlicensed practice of a profession is punishable by an C. $5,000
administrative penalty not to exceed _______. 455.228(1)
A. $500
B. $1,000
C. $5,000
D. $12,500
Which of the following applies to a qualifying agent of b. He is qualified to act for the corporation in all matters connected with its
corporation? construction business
489.119
a. He is only qualified to act for the business during
normal working hours
b. He is qualified to act for the corporation in all matters
connected with its construction business
c. He does have authority to supervise in all areas of the
company's business
d. None of the above
If a contractor is disciplined by the board and is the d. $5,000
qualifying agent for a business organization and the 489.129
violation was performed in connection with a construction
project undertaken by that business organization, the
board may impose an additional administrative fine not to
exceed___________ against the business organization
or against any partner, officer, director, trustee, or
member if such person participated in the violation or
knew or should have known of the violation and failed to
take corrective action.
a. $500
b. $1,000
c. $2,500
d. $5,000
Failure of a licensee to renew before a license expires a. delinquent
shall cause the license to become _________. 455.271(5)
a. delinquent
b. inactive
c. void
d. inactive until payment of a late fee and completion an
additional 4 hours of continuing education
2
