FLORIDA BUSINESS AND FINANCE MAIN EXAM SCRIPT
2025 QUESTIONS WITH ANSWWRS GUARANTEE A+
✔✔Maintenance Bond - ✔✔contractors work will be free from defects in materials and
workmanship.
✔✔The three C's of underwriting - ✔✔character, capacity, and capital
✔✔Age discrimination act starts at what age - ✔✔40
✔✔How many hours in a workweek - ✔✔168
✔✔Whats a hard record - ✔✔payroll, employment contracts, agreements, sales, and
purchases records must be kept 3 years
✔✔What is a soft record - ✔✔time cards and time sheets, and must be kept 2 years
✔✔The I-9 must be kept for how long? - ✔✔for terminated employees its 3 years after
the date of hire or or 1 year after the date the individual no longer works there. Which
ever is longer
✔✔Re-employment Tax - ✔✔initial 2.7% or standard 5.4%
✔✔The employee has how many days to tell the employer about an accident? - ✔✔30
days
✔✔Death of an employee how long do you have to report to the division of workers
comp - ✔✔24 hours
✔✔The employer must report the accident to the division of workers comp within how
many days - ✔✔7 days
✔✔If an employer does not not have a drug testing program, he must give how many
days notice that a drug testing is being implemented? - ✔✔60 days
✔✔Temporary disability is paid what percent of their salary - ✔✔66%
✔✔Base penalties before adjusting for posting requirement violations - ✔✔OSHA Notice
1,000
Annual Summary 1,000
Failure to post Citations 3,000
✔✔In case of willful violations the initial proposed penalty is between - ✔✔$4,988 and
$124,709
, ✔✔Oral contracts are enforceable for up to one year as long as they are _______ or
less? - ✔✔500
✔✔Statue of limitations is good for a period of ____ years - ✔✔5
✔✔An action to recover overtime wages on overtime is limited to - ✔✔2 years
✔✔Married couple objections to work once notified has how many day to object - ✔✔10
days
✔✔Time to record notice of commencement - ✔✔No sooner than 90 days before
construction begins
✔✔Insufficient funds who is paid first? - ✔✔lien of laborers, liens of everyone else, then
contractor
✔✔From first time of delivery for materials to site, how many days to file claim of lien -
✔✔45 days
✔✔Claim of lien must be filed no later than ________ days from last work - ✔✔90
✔✔Claim of lien must be delivered to owner no later that_________ from the day it was
filed. - ✔✔15 days
✔✔if the lienor fails to file a lawsuit to enforce the lien within ______ days to the clerk of
the court all lien rights are lost - ✔✔60
✔✔The statue says that the contractor must, in any event give the owner a final
contractors affidavit not later than ______ days before the contractor files suit to enforce
the contractors lien. - ✔✔5
✔✔Failure to pay undisputed sums3 - ✔✔30 days
✔✔payment bond - ✔✔payment bond must be instituted within 1 year of the last
furnishing of labor
✔✔How many divisions - ✔✔50 specific divisions
49 technical divisions
✔✔The owner has how long to give the contractor notice of mechanics lien rights? -
✔✔15 days
2025 QUESTIONS WITH ANSWWRS GUARANTEE A+
✔✔Maintenance Bond - ✔✔contractors work will be free from defects in materials and
workmanship.
✔✔The three C's of underwriting - ✔✔character, capacity, and capital
✔✔Age discrimination act starts at what age - ✔✔40
✔✔How many hours in a workweek - ✔✔168
✔✔Whats a hard record - ✔✔payroll, employment contracts, agreements, sales, and
purchases records must be kept 3 years
✔✔What is a soft record - ✔✔time cards and time sheets, and must be kept 2 years
✔✔The I-9 must be kept for how long? - ✔✔for terminated employees its 3 years after
the date of hire or or 1 year after the date the individual no longer works there. Which
ever is longer
✔✔Re-employment Tax - ✔✔initial 2.7% or standard 5.4%
✔✔The employee has how many days to tell the employer about an accident? - ✔✔30
days
✔✔Death of an employee how long do you have to report to the division of workers
comp - ✔✔24 hours
✔✔The employer must report the accident to the division of workers comp within how
many days - ✔✔7 days
✔✔If an employer does not not have a drug testing program, he must give how many
days notice that a drug testing is being implemented? - ✔✔60 days
✔✔Temporary disability is paid what percent of their salary - ✔✔66%
✔✔Base penalties before adjusting for posting requirement violations - ✔✔OSHA Notice
1,000
Annual Summary 1,000
Failure to post Citations 3,000
✔✔In case of willful violations the initial proposed penalty is between - ✔✔$4,988 and
$124,709
, ✔✔Oral contracts are enforceable for up to one year as long as they are _______ or
less? - ✔✔500
✔✔Statue of limitations is good for a period of ____ years - ✔✔5
✔✔An action to recover overtime wages on overtime is limited to - ✔✔2 years
✔✔Married couple objections to work once notified has how many day to object - ✔✔10
days
✔✔Time to record notice of commencement - ✔✔No sooner than 90 days before
construction begins
✔✔Insufficient funds who is paid first? - ✔✔lien of laborers, liens of everyone else, then
contractor
✔✔From first time of delivery for materials to site, how many days to file claim of lien -
✔✔45 days
✔✔Claim of lien must be filed no later than ________ days from last work - ✔✔90
✔✔Claim of lien must be delivered to owner no later that_________ from the day it was
filed. - ✔✔15 days
✔✔if the lienor fails to file a lawsuit to enforce the lien within ______ days to the clerk of
the court all lien rights are lost - ✔✔60
✔✔The statue says that the contractor must, in any event give the owner a final
contractors affidavit not later than ______ days before the contractor files suit to enforce
the contractors lien. - ✔✔5
✔✔Failure to pay undisputed sums3 - ✔✔30 days
✔✔payment bond - ✔✔payment bond must be instituted within 1 year of the last
furnishing of labor
✔✔How many divisions - ✔✔50 specific divisions
49 technical divisions
✔✔The owner has how long to give the contractor notice of mechanics lien rights? -
✔✔15 days
