FLORIDA ELECTRICAL BUSINESS EXAM NEWEST EXAM
2025 | ALL QUESTIONS AND CORRECT ANSWERS |
GRADED A+ | LATEST EXAM | VERIFIED ANSWERS
Employee Linda was paid a gross total wage of $63,500 last year. The total
amount withheld from her pay for Medicare and Social Security was ____.
A. $4,295
B. $4,403
C. $4,858
D. $5,002 ---------CORRECT ANSWER-----------------C. $4,858
A contract will not be enforced if it is ___.
A. Oral
B. Illegal
C. No work is accomplished for 90 days
D. All of the above ---------CORRECT ANSWER-----------------B. Illegal
The type of insurance that covers the contractor for losses of material in
transit or at temporary storage facilities is known as ___ insurance.
A. Liability
B. Builders Risk
C. Auto Liability
D. Fidelity Bond ---------CORRECT ANSWER-----------------B. Builders Risk
The ____ has the duty to record and post a Notice of Commencement to
improve real property.
A. Owner
B. Agent
C. Contractor
D. Any of the above ---------CORRECT ANSWER-----------------A. Owner
,If at all possible, sling angles should be kept greater than ____ degrees.
A. 25
B. 45
C. 60
D. 90 ---------CORRECT ANSWER-----------------B. 45
The type of contract where in the contractor agrees to carry out a stipulated
job in exchange for a fixed sum of money is a _____ contract.
A. Cost plus fixed
B. Lump Sum
C. GMP
D. Cost plus ---------CORRECT ANSWER-----------------B. Lump Sum
When a contractor has to perform extra work for a subcontractor, he will
recover the cost in the form of a _____.
A. Change Order
B. Back charge
C. Bond Payment
D. Addendum ---------CORRECT ANSWER-----------------B. Back Charge
Premiums for builder's risk insurance are generally computed using the
____.
A. Gross revenue from a project
B. Net profit from a project
C. Value insured
D. Type of work being conducted on the job. ---------CORRECT ANSWER--
---------------C. Valued insured
Based on the completed contract method, for a job bid at $300,000 and
currently 66.67% complete, with a gross profit of 16.67% ($50,000), the
current amount of profit recognized would be ____.
, A. $200,000
B. $0
C. $50,000
D. $33,335 ---------CORRECT ANSWER-----------------B. $0
Prior to beginning a drug test program, an employer shall ensure that at
least ____ days elapse between the notice and the start of testing.
A. 30
B. 45
C. 60
D. 90 ---------CORRECT ANSWER-----------------C. 60
All of the following must follow the OSHA standards except_______.
A. Religious Establishments
B. General contractor with one employee
C. Landscape contractors
D. Equipment rental business ---------CORRECT ANSWER-----------------A.
Religious Establishments
The number of employees that will require a contractor to obtain workman's
compensation insurance is _____ or more full or part time employee(s).
A. One
B. Three
C. Four
D. Ten ---------CORRECT ANSWER-----------------A. One
The type of bond that guarantees that the contractor will perform the work
in accordance with the contract is known as a _____ Bond
A. Bid
B. Payment
C. Performance
2025 | ALL QUESTIONS AND CORRECT ANSWERS |
GRADED A+ | LATEST EXAM | VERIFIED ANSWERS
Employee Linda was paid a gross total wage of $63,500 last year. The total
amount withheld from her pay for Medicare and Social Security was ____.
A. $4,295
B. $4,403
C. $4,858
D. $5,002 ---------CORRECT ANSWER-----------------C. $4,858
A contract will not be enforced if it is ___.
A. Oral
B. Illegal
C. No work is accomplished for 90 days
D. All of the above ---------CORRECT ANSWER-----------------B. Illegal
The type of insurance that covers the contractor for losses of material in
transit or at temporary storage facilities is known as ___ insurance.
A. Liability
B. Builders Risk
C. Auto Liability
D. Fidelity Bond ---------CORRECT ANSWER-----------------B. Builders Risk
The ____ has the duty to record and post a Notice of Commencement to
improve real property.
A. Owner
B. Agent
C. Contractor
D. Any of the above ---------CORRECT ANSWER-----------------A. Owner
,If at all possible, sling angles should be kept greater than ____ degrees.
A. 25
B. 45
C. 60
D. 90 ---------CORRECT ANSWER-----------------B. 45
The type of contract where in the contractor agrees to carry out a stipulated
job in exchange for a fixed sum of money is a _____ contract.
A. Cost plus fixed
B. Lump Sum
C. GMP
D. Cost plus ---------CORRECT ANSWER-----------------B. Lump Sum
When a contractor has to perform extra work for a subcontractor, he will
recover the cost in the form of a _____.
A. Change Order
B. Back charge
C. Bond Payment
D. Addendum ---------CORRECT ANSWER-----------------B. Back Charge
Premiums for builder's risk insurance are generally computed using the
____.
A. Gross revenue from a project
B. Net profit from a project
C. Value insured
D. Type of work being conducted on the job. ---------CORRECT ANSWER--
---------------C. Valued insured
Based on the completed contract method, for a job bid at $300,000 and
currently 66.67% complete, with a gross profit of 16.67% ($50,000), the
current amount of profit recognized would be ____.
, A. $200,000
B. $0
C. $50,000
D. $33,335 ---------CORRECT ANSWER-----------------B. $0
Prior to beginning a drug test program, an employer shall ensure that at
least ____ days elapse between the notice and the start of testing.
A. 30
B. 45
C. 60
D. 90 ---------CORRECT ANSWER-----------------C. 60
All of the following must follow the OSHA standards except_______.
A. Religious Establishments
B. General contractor with one employee
C. Landscape contractors
D. Equipment rental business ---------CORRECT ANSWER-----------------A.
Religious Establishments
The number of employees that will require a contractor to obtain workman's
compensation insurance is _____ or more full or part time employee(s).
A. One
B. Three
C. Four
D. Ten ---------CORRECT ANSWER-----------------A. One
The type of bond that guarantees that the contractor will perform the work
in accordance with the contract is known as a _____ Bond
A. Bid
B. Payment
C. Performance
