AZ statutes and rules Flashdcards pt 2 Questions With
Complete Solutions
1. Which of the following conditions indicates the completion of
a permitted structure? Correct Answers 30 days have passed
since the final inspection and written acceptance of the project.
10. Given: when the registrar of contractors issues a citation to a
licensee, the citation is sent by certified mail to the licensee at
the latest address of record. When is the service of the citation
complete? Correct Answers At the time of personal service or
five days after deposited in the mail
100. Given: liens cannot be filed against public property. What
type of bond may be purchased to protect subcontractors,
vendors and workers seeking to get paid for the work and
materials used on a public property project? Correct Answers
Payment bond
101. What is used to issue changes corrections or additions to
competitive bidding document issued before bid opening?
Correct Answers Addendum
102. A contractor is about to start a project and plans include
manufacturers specifications. Local code also covers the
construction requirements. What should the contractor do?
Correct Answers Build to manufacture specs. And local code.
103. Which of the following is not an integral part of a contract?
Correct Answers Negotiation
,104. What contract provides the owner with the total cost of the
project IN ADVANCE? Correct Answers Lump sum
105. Given: A prime contractor has received a periodic payment
on a contract. Subcontractors have submitted invoices for the
work they have performed for the prime contractor. Within how
many days after receipt of the periodic payment must the prime
contractor pay the subcontractors? Correct Answers 7 days
106. The amount of leeway allowed in starting and completing
an activity without delaying the project completion date is?
Correct Answers Total float time.
107. On a commercial project, who typically certifies to the
owner that progress payments requests are accurate and should
be paid? Correct Answers Architect or engineer
108. W-2s must be furnished to all employees before Correct
Answers January 31st
109. And I-9 form must be completed with required
documentation within _______ after employees hired? Correct
Answers 3 days
11. Which type of construction contract binds the contractor to
do a stipulated job in return for a fixed sum of money? Correct
Answers Lump sum contract
110. Medicare taxes are what percent of an employee's wages?
Correct Answers 1.45%
,111. If an employee is killed on the job, OSHA must be notified
within ____ hours. Correct Answers 8
112. The penalty for non-compliance with lead abatement
regulations is? Correct Answers $37,500 per day
113. If you are going to replace a 4 foot by 8 foot area of
sheetrock in a house built before 1978, what must you do?
Correct Answers Give the homeowner an EPA handout on lead
paint
114. The basic balance equation is: Correct Answers Assets =
liabilities + owners equity.
115. Given the following information, what is the working
capital? Current assets $40,000.00 fixed assets $162,000.00
inventory included in assets $41,000.00 currently liabilities
$36,000.00 long-term liabilities $46,000.00 net income for the
year $62,000.00 Correct Answers $4,000.00
116. When scheduling a project what is the best method to make
sure there's enough working capital to complete a project?
Correct Answers Cash flow
116. Which of the following is a benefit of a job cost recording
system? Correct Answers Accurate estimating.
117. Employers must verify employment eligibility of anyone
they hire. This is done by using a form I-9. What is the
minimum length of time an employer must retain form I-9?
Correct Answers 3 years after date of hire
, 118. A contractor bids a job for $10,000 in June. He is awarded
the contract and is paid $8,000 to cover expenses also in June.
The contractor pays bills of $5000 and $1000 in June. He was
paid in May $3000 for another job in $1000 for that was for
expenses what is the contractors net income for June using the
cash basis of accounting? Correct Answers $2,000
119. What form is used to pay federal unemployment tax
ACT(FUTA) taxes? Correct Answers Form 940
12. What is the MAXIMUM amount which may be recovered
from the contractors recovery fund for any one residential
contractors license? Correct Answers $200,000.00
120. A preliminary notice should be filed by a contractor within
how many days after the commencement of the project? Correct
Answers 20
121. The owner is paying the general contractor his progress
payments on time but his subcontractor has not received his
progress payments. How long does the subcontractor have to
notify the owner that he has not received his payment? Correct
Answers 7 days before suspension of services
122. If an allowance is exceeded, what should the contractor do?
Correct Answers Create a change order
123. How long after exposure to asbestos can it take for the
symptoms of the disease to become evident? Correct Answers
15 to 40 years
Complete Solutions
1. Which of the following conditions indicates the completion of
a permitted structure? Correct Answers 30 days have passed
since the final inspection and written acceptance of the project.
10. Given: when the registrar of contractors issues a citation to a
licensee, the citation is sent by certified mail to the licensee at
the latest address of record. When is the service of the citation
complete? Correct Answers At the time of personal service or
five days after deposited in the mail
100. Given: liens cannot be filed against public property. What
type of bond may be purchased to protect subcontractors,
vendors and workers seeking to get paid for the work and
materials used on a public property project? Correct Answers
Payment bond
101. What is used to issue changes corrections or additions to
competitive bidding document issued before bid opening?
Correct Answers Addendum
102. A contractor is about to start a project and plans include
manufacturers specifications. Local code also covers the
construction requirements. What should the contractor do?
Correct Answers Build to manufacture specs. And local code.
103. Which of the following is not an integral part of a contract?
Correct Answers Negotiation
,104. What contract provides the owner with the total cost of the
project IN ADVANCE? Correct Answers Lump sum
105. Given: A prime contractor has received a periodic payment
on a contract. Subcontractors have submitted invoices for the
work they have performed for the prime contractor. Within how
many days after receipt of the periodic payment must the prime
contractor pay the subcontractors? Correct Answers 7 days
106. The amount of leeway allowed in starting and completing
an activity without delaying the project completion date is?
Correct Answers Total float time.
107. On a commercial project, who typically certifies to the
owner that progress payments requests are accurate and should
be paid? Correct Answers Architect or engineer
108. W-2s must be furnished to all employees before Correct
Answers January 31st
109. And I-9 form must be completed with required
documentation within _______ after employees hired? Correct
Answers 3 days
11. Which type of construction contract binds the contractor to
do a stipulated job in return for a fixed sum of money? Correct
Answers Lump sum contract
110. Medicare taxes are what percent of an employee's wages?
Correct Answers 1.45%
,111. If an employee is killed on the job, OSHA must be notified
within ____ hours. Correct Answers 8
112. The penalty for non-compliance with lead abatement
regulations is? Correct Answers $37,500 per day
113. If you are going to replace a 4 foot by 8 foot area of
sheetrock in a house built before 1978, what must you do?
Correct Answers Give the homeowner an EPA handout on lead
paint
114. The basic balance equation is: Correct Answers Assets =
liabilities + owners equity.
115. Given the following information, what is the working
capital? Current assets $40,000.00 fixed assets $162,000.00
inventory included in assets $41,000.00 currently liabilities
$36,000.00 long-term liabilities $46,000.00 net income for the
year $62,000.00 Correct Answers $4,000.00
116. When scheduling a project what is the best method to make
sure there's enough working capital to complete a project?
Correct Answers Cash flow
116. Which of the following is a benefit of a job cost recording
system? Correct Answers Accurate estimating.
117. Employers must verify employment eligibility of anyone
they hire. This is done by using a form I-9. What is the
minimum length of time an employer must retain form I-9?
Correct Answers 3 years after date of hire
, 118. A contractor bids a job for $10,000 in June. He is awarded
the contract and is paid $8,000 to cover expenses also in June.
The contractor pays bills of $5000 and $1000 in June. He was
paid in May $3000 for another job in $1000 for that was for
expenses what is the contractors net income for June using the
cash basis of accounting? Correct Answers $2,000
119. What form is used to pay federal unemployment tax
ACT(FUTA) taxes? Correct Answers Form 940
12. What is the MAXIMUM amount which may be recovered
from the contractors recovery fund for any one residential
contractors license? Correct Answers $200,000.00
120. A preliminary notice should be filed by a contractor within
how many days after the commencement of the project? Correct
Answers 20
121. The owner is paying the general contractor his progress
payments on time but his subcontractor has not received his
progress payments. How long does the subcontractor have to
notify the owner that he has not received his payment? Correct
Answers 7 days before suspension of services
122. If an allowance is exceeded, what should the contractor do?
Correct Answers Create a change order
123. How long after exposure to asbestos can it take for the
symptoms of the disease to become evident? Correct Answers
15 to 40 years
