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COMMERCIAL CONTRACTOR PRACTICE EXAM
QUESTIONS
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Project+: Types of Resources, Resou... Domain 2 Post-Assessment Major 1 Re
13 terms 19 terms 35 terms 22
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Terms in this set (112)
An employee earns $12.50 per hour. What C.$693.75
is the gross pay of this non-exempt
employee who works 45 hours during a
holiday week, and receives 8 hours
additional pay for the holiday?
A.$562.50
B.$662.50
C.$693.75
D.$743.75
Which of the following statements about A.The business, or any part of it, can be sold, altered, or exchanged at will.
a sole proprietorship is TRUE?
A. The business, or any part of it, can be
sold, altered, or exchanged at will.
B. The business will survive the death of
the owner.
C. It provides the owner with limited
liability for debts and actions of the
business
D. The business is not subject to Federal
income tax.
,What is the name of the process when a A.Partnering
facilitator meets with the major
participants in a project, prior to the
commencement of the project, to identify
the shared goals of all participants?
A. Partnering
B. Arbitration
C. Mediation
D. Claims resolution
How much is an employer who withheld D.$1530
employee Medicare and Social Security
taxes or $765 REQUIRED to send to the
IRS?
A. $145
B. $620
C. $765
D. $1,530
Records of an employee's exposure to D.30 years
hazardous materials MUST be kept a
MINIMUM of how many years?
A. 3 years
B. 7 years
C. 15 years
D. 30 years
What can be determined by summing the A.The total resource demand for a project at any given time.
project activities into an overall schedule?
A. The total resource demand for a
project at any given time.
B.The total amount that the company will
earn from the job.
C.The total insurance needs of the
company.
D.The total man-hours needed for all
projects.
, What MUST be done with the taxes C.The taxes must be held in a separate account and not used for anything
withheld by an employer between the else.
time that they are withheld and the time
that they are sent to the IRS?
A. The taxes can be kept in the general
company account.
B. The taxes must be kept in a savings
account.
C. The taxes must be held in a separate
account and not used for anything else.
D. The taxes can be used to temporarily
pay the company's expenses.
Costs that relate to construction but are C.project overhead
not directly associated with labor and
materials for a specific project are
considered to be which of the following?
A. overhead burden
B. company overhead
C. project overhead
D. variable overhead
What is the average collection period B.6.6
ratio for a firm that has $365,000 in annual
revenues, $6,600 in current receivables,
and net income of $32,000?
A. 4.8
B. 6.6
C. 11.4
D. 55.3
COMMERCIAL CONTRACTOR PRACTICE EXAM
QUESTIONS
11 studiers recently 4.8 (11 reviews)
Students also studied
Flashcard sets Study guides
Project+: Types of Resources, Resou... Domain 2 Post-Assessment Major 1 Re
13 terms 19 terms 35 terms 22
chase_mosher Preview boobbblob Preview maxperez07107 Preview
Terms in this set (112)
An employee earns $12.50 per hour. What C.$693.75
is the gross pay of this non-exempt
employee who works 45 hours during a
holiday week, and receives 8 hours
additional pay for the holiday?
A.$562.50
B.$662.50
C.$693.75
D.$743.75
Which of the following statements about A.The business, or any part of it, can be sold, altered, or exchanged at will.
a sole proprietorship is TRUE?
A. The business, or any part of it, can be
sold, altered, or exchanged at will.
B. The business will survive the death of
the owner.
C. It provides the owner with limited
liability for debts and actions of the
business
D. The business is not subject to Federal
income tax.
,What is the name of the process when a A.Partnering
facilitator meets with the major
participants in a project, prior to the
commencement of the project, to identify
the shared goals of all participants?
A. Partnering
B. Arbitration
C. Mediation
D. Claims resolution
How much is an employer who withheld D.$1530
employee Medicare and Social Security
taxes or $765 REQUIRED to send to the
IRS?
A. $145
B. $620
C. $765
D. $1,530
Records of an employee's exposure to D.30 years
hazardous materials MUST be kept a
MINIMUM of how many years?
A. 3 years
B. 7 years
C. 15 years
D. 30 years
What can be determined by summing the A.The total resource demand for a project at any given time.
project activities into an overall schedule?
A. The total resource demand for a
project at any given time.
B.The total amount that the company will
earn from the job.
C.The total insurance needs of the
company.
D.The total man-hours needed for all
projects.
, What MUST be done with the taxes C.The taxes must be held in a separate account and not used for anything
withheld by an employer between the else.
time that they are withheld and the time
that they are sent to the IRS?
A. The taxes can be kept in the general
company account.
B. The taxes must be kept in a savings
account.
C. The taxes must be held in a separate
account and not used for anything else.
D. The taxes can be used to temporarily
pay the company's expenses.
Costs that relate to construction but are C.project overhead
not directly associated with labor and
materials for a specific project are
considered to be which of the following?
A. overhead burden
B. company overhead
C. project overhead
D. variable overhead
What is the average collection period B.6.6
ratio for a firm that has $365,000 in annual
revenues, $6,600 in current receivables,
and net income of $32,000?
A. 4.8
B. 6.6
C. 11.4
D. 55.3
