CA Contractor's Law and Business
Why would there be a difference between the actual inventory and the
inventory shown on paper?
Click here to select answer A.
It is a common occurrence because of factors such as theft, natural loss, and
mistakes.
Click here to select answer B.
You always underestimate what you have in inventory.
Click here to select answer C.
You calculated what you have in inventory by subtracting only what
goes into the finished product.
Click here to select answer D.
There never is a substantial difference. correct answersA
What is the biggest problem facing new contractors when trying
to obtain a "Performance" or "Bid" bond
Click here to select
answer A. they don't have
a broker
Click here to select
answer B. no prior track
record
Click here to select
answer C. poor credit
Click here to select answer D.
none of the above correct
answersB
The minimum fine for unlawful
Click hereremoval
asbestos to select
is:
answer A.
$1,000
,Click here to select answer B.
$3,000
Click here to select answer C.
$5,000
Click here to select answer D.
$7,000 correct answersA
When can a contractor accept a job where the owner does not have a
pre-approved loan?
Click here to select answer A.
When there is an emergency situation and the owner has a high income
and good credit.
Click here to select answer
B. When the owner has bad
credit.
Click here to select answer
C.
When the owner has an
amount in the bank equal
to the contract cost.
Click here to select answer
D.
When the owner seems
kind and has an honest
Click here to
reputation. select answer A.
correct
Yes. Form 1099-MISC is required because the corporation is an independent
answersA
contractor that was paid $500 or more.
Is the Form 1099-MISC required for a corporation that provided $600 in
Click here
services asto
anselect answer contractor
independent B. during the calendar year?
No. Form 1099-MISC is not required unless an independent contractor is paid
over
$1,000 in a calendar year.
Click here to select answer C.
No. Form 1099-MISC is not required for corporations with certain exceptions.
Click here to select answer D.
,Yes. Form 1099-MISC is required for all individuals, partnerships, and
corporations that provided services as an independent contractor during the
calendar year. correct answersC
A contractor sues an owner for refusing to make final payment after the job
was completed. The owner is demanding changes. What could the
contractor have done to prevent the lawsuit?
Click here to select answer A.
The contractor could have asked the workers to testify.
Click here to select answer B.
The contractor could have walked the job with the owner and had the
owner sign a job completion form.
Click here to select answer C.
The contractor could have just walked the job with the owner.
Click here to select answer D.
All of the above. correct answersB
How can a new employee learn about the safety record of a company?
Click here to select answer A.
The employer must post a summary record of job-related injuries and
illnesses once a year.
Click here to select answer B.
View a Cal/OSHA safety video tape.
Click here to select answer C.
Call the Cal/OSHA consultant services.
Click here to select answer D.
None of the above. correct answersA
Insurance Requirements for Public Works projects, the insurance must
provide:
Click here to select
answer A.
, Workers' Compensation as required by the Labor of the State of
California and Employers Liability Insurance
Click here to select answer B.
Commercial general liability
coverage
Click here to select answer C.
Automobile Liability for all
owned and non-owned and hired
automobiles
Click here to select answer D.
All of the above. correct
answersD
Click
Of thehere to select
following, whoanswer A. a
may file
manufacturers
mechanics' lien?of construction materials and subcontractors
Click here to select answer B.
manufacturers of construction materials and clients
Click here to select
answer C. clients and
subcontractors
Click here to select
answer D.
architects and
subcontractors correct
answersD
Every original license, except an additional classification issued shall be a
Click here to license
probationary select until:
answer A. the license is
renewed
Click here to select
answer B.
information is brought to the attention of the registrar, during such
probationary period, regarding any act or omission of the licensee
constituting grounds for denial, revocation, or suspension of an application or
license.
Click here to select
answer C. A & B
Click here to select
answer D.
None of the above.
correct answersC
Why would there be a difference between the actual inventory and the
inventory shown on paper?
Click here to select answer A.
It is a common occurrence because of factors such as theft, natural loss, and
mistakes.
Click here to select answer B.
You always underestimate what you have in inventory.
Click here to select answer C.
You calculated what you have in inventory by subtracting only what
goes into the finished product.
Click here to select answer D.
There never is a substantial difference. correct answersA
What is the biggest problem facing new contractors when trying
to obtain a "Performance" or "Bid" bond
Click here to select
answer A. they don't have
a broker
Click here to select
answer B. no prior track
record
Click here to select
answer C. poor credit
Click here to select answer D.
none of the above correct
answersB
The minimum fine for unlawful
Click hereremoval
asbestos to select
is:
answer A.
$1,000
,Click here to select answer B.
$3,000
Click here to select answer C.
$5,000
Click here to select answer D.
$7,000 correct answersA
When can a contractor accept a job where the owner does not have a
pre-approved loan?
Click here to select answer A.
When there is an emergency situation and the owner has a high income
and good credit.
Click here to select answer
B. When the owner has bad
credit.
Click here to select answer
C.
When the owner has an
amount in the bank equal
to the contract cost.
Click here to select answer
D.
When the owner seems
kind and has an honest
Click here to
reputation. select answer A.
correct
Yes. Form 1099-MISC is required because the corporation is an independent
answersA
contractor that was paid $500 or more.
Is the Form 1099-MISC required for a corporation that provided $600 in
Click here
services asto
anselect answer contractor
independent B. during the calendar year?
No. Form 1099-MISC is not required unless an independent contractor is paid
over
$1,000 in a calendar year.
Click here to select answer C.
No. Form 1099-MISC is not required for corporations with certain exceptions.
Click here to select answer D.
,Yes. Form 1099-MISC is required for all individuals, partnerships, and
corporations that provided services as an independent contractor during the
calendar year. correct answersC
A contractor sues an owner for refusing to make final payment after the job
was completed. The owner is demanding changes. What could the
contractor have done to prevent the lawsuit?
Click here to select answer A.
The contractor could have asked the workers to testify.
Click here to select answer B.
The contractor could have walked the job with the owner and had the
owner sign a job completion form.
Click here to select answer C.
The contractor could have just walked the job with the owner.
Click here to select answer D.
All of the above. correct answersB
How can a new employee learn about the safety record of a company?
Click here to select answer A.
The employer must post a summary record of job-related injuries and
illnesses once a year.
Click here to select answer B.
View a Cal/OSHA safety video tape.
Click here to select answer C.
Call the Cal/OSHA consultant services.
Click here to select answer D.
None of the above. correct answersA
Insurance Requirements for Public Works projects, the insurance must
provide:
Click here to select
answer A.
, Workers' Compensation as required by the Labor of the State of
California and Employers Liability Insurance
Click here to select answer B.
Commercial general liability
coverage
Click here to select answer C.
Automobile Liability for all
owned and non-owned and hired
automobiles
Click here to select answer D.
All of the above. correct
answersD
Click
Of thehere to select
following, whoanswer A. a
may file
manufacturers
mechanics' lien?of construction materials and subcontractors
Click here to select answer B.
manufacturers of construction materials and clients
Click here to select
answer C. clients and
subcontractors
Click here to select
answer D.
architects and
subcontractors correct
answersD
Every original license, except an additional classification issued shall be a
Click here to license
probationary select until:
answer A. the license is
renewed
Click here to select
answer B.
information is brought to the attention of the registrar, during such
probationary period, regarding any act or omission of the licensee
constituting grounds for denial, revocation, or suspension of an application or
license.
Click here to select
answer C. A & B
Click here to select
answer D.
None of the above.
correct answersC
