Nevada Contractors License Law Portion qa answer keys
Terms in this set (100)
You have ____ days to replace a qualified employee? 30
(pg.135) 3 multiple choice options
Which of the following is included in company Advertising
overhead?
3 multiple choice options
A quorum shall consist of ___ members of the Nevada 4
State Contractors Board. (NRS 624-090) 3 multiple choice options
A death must be reported to OSHA within____ (pg 63) 8 hours
3 multiple choice options
What summarizes profit making activities over a specific Profit and Loss schedule
period of time? (pg 90)
3 multiple choice options
What general building contractor does not need to tell Names of individual laborers on the project
a customer with they have a contractor (NRS 624.600)
3 multiple choice options
The disadvantage of cash basis accounting versus The cash basis will show what had been collected and paid out, but not what
accrual basis accounting is? (pg85) has been earned
3 multiple choice options
The term "work week" in the FLSA is defined as? (pg47) 168 hours
3 multiple choice options
Youths age ___ may perform any nonhazardous job, for 16 and 17
limited hours. (pg.47)
3 multiple choice options
Violators of child labor law provisions are subject to 11,000.00
civil penalty of up to ___ each employee subject to 3 multiple choice options
violation? (pg. 49)
The simplest form of business organization is (pg 4) Sole prop.
3 multiple choice options
Which of the following equations will give you your Current assets / current liabilities
current ratio? (pg 92)
3 multiple choice options
Actualstudy Page 1
, Nevada Contractors License Law Portion qa answer keys
After your employee makes ___ in one year, you stop 7,000.00
deducting FUTA. (pg 39)
3 multiple choice options
IRS Publication 15 is also known as ____ (pg 38) Circular E
3 multiple choice options
Records for federal employment taxed must be kept for 4 years
a minimum of ___ (pg 33)
3 multiple choice options
Regardless of the type of organization the construction Licensee (qualifier)
company has established or a licensees' role in the
3 multiple choice options
ownership of the business, it is the ___ why is usually held
responsible for all contracting - related duties (pg 11)
Contracts need to be kept for a minimum of ___ years. 3
(NRS 624.3013)
3 multiple choice options
Does your NSCB license permit you to do work on the No. You need a manufactured housing license
repairing or construction of mobile homes? (NRS
3 multiple choice options
624.215)
The minimum monetary value of work must be ___ in $500.00
order to file a Mechanics Lien in Nevada (NRS 108.2214) 3 multiple choice options
Upon the death of the sole qualified partner, the 60 days
license is automatically suspended ___ days after the 3 multiple choice options
death. (NAC 624.660)
Current assets can be converted into cash within one 1 Year
operation cycle or____
3 multiple choice options
When may the Board require financial responsibility? At any time
(NRS 624.263.5) 3 multiple choice options
What trade can a general building contractor not All of the above
perform without additional specialty licensing? (NRS
3 multiple choice options
624.215 (3))
Actualstudy Page 2
Terms in this set (100)
You have ____ days to replace a qualified employee? 30
(pg.135) 3 multiple choice options
Which of the following is included in company Advertising
overhead?
3 multiple choice options
A quorum shall consist of ___ members of the Nevada 4
State Contractors Board. (NRS 624-090) 3 multiple choice options
A death must be reported to OSHA within____ (pg 63) 8 hours
3 multiple choice options
What summarizes profit making activities over a specific Profit and Loss schedule
period of time? (pg 90)
3 multiple choice options
What general building contractor does not need to tell Names of individual laborers on the project
a customer with they have a contractor (NRS 624.600)
3 multiple choice options
The disadvantage of cash basis accounting versus The cash basis will show what had been collected and paid out, but not what
accrual basis accounting is? (pg85) has been earned
3 multiple choice options
The term "work week" in the FLSA is defined as? (pg47) 168 hours
3 multiple choice options
Youths age ___ may perform any nonhazardous job, for 16 and 17
limited hours. (pg.47)
3 multiple choice options
Violators of child labor law provisions are subject to 11,000.00
civil penalty of up to ___ each employee subject to 3 multiple choice options
violation? (pg. 49)
The simplest form of business organization is (pg 4) Sole prop.
3 multiple choice options
Which of the following equations will give you your Current assets / current liabilities
current ratio? (pg 92)
3 multiple choice options
Actualstudy Page 1
, Nevada Contractors License Law Portion qa answer keys
After your employee makes ___ in one year, you stop 7,000.00
deducting FUTA. (pg 39)
3 multiple choice options
IRS Publication 15 is also known as ____ (pg 38) Circular E
3 multiple choice options
Records for federal employment taxed must be kept for 4 years
a minimum of ___ (pg 33)
3 multiple choice options
Regardless of the type of organization the construction Licensee (qualifier)
company has established or a licensees' role in the
3 multiple choice options
ownership of the business, it is the ___ why is usually held
responsible for all contracting - related duties (pg 11)
Contracts need to be kept for a minimum of ___ years. 3
(NRS 624.3013)
3 multiple choice options
Does your NSCB license permit you to do work on the No. You need a manufactured housing license
repairing or construction of mobile homes? (NRS
3 multiple choice options
624.215)
The minimum monetary value of work must be ___ in $500.00
order to file a Mechanics Lien in Nevada (NRS 108.2214) 3 multiple choice options
Upon the death of the sole qualified partner, the 60 days
license is automatically suspended ___ days after the 3 multiple choice options
death. (NAC 624.660)
Current assets can be converted into cash within one 1 Year
operation cycle or____
3 multiple choice options
When may the Board require financial responsibility? At any time
(NRS 624.263.5) 3 multiple choice options
What trade can a general building contractor not All of the above
perform without additional specialty licensing? (NRS
3 multiple choice options
624.215 (3))
Actualstudy Page 2
