Virginia Class A Contractor Exam Newest 2026
Questions and Correct Detailed Answers Already
Graded A+
What are some examples of Company Overhead? - CORRECT ANSWER-Office
rent, accounting fees, taxes, telephone,
legal fees, administrative labor
What are four required contract elements? - CORRECT ANSWER-Offer and
acceptance, consideration, competent
parties, legal purpose
When does a breach of contract occur? - CORRECT ANSWER-When a party
refuses to perform the contract,
performs an act prohibited by the contract, or
prevents the other party from performing its
obligations
What are the 3 key functions of a business plan? - CORRECT ANSWER-Planning
tool, Loan/Investor Document, and Benchmarking Tool
Questions and Correct Detailed Answers Already
Graded A+
What are some examples of Company Overhead? - CORRECT ANSWER-Office
rent, accounting fees, taxes, telephone,
legal fees, administrative labor
What are four required contract elements? - CORRECT ANSWER-Offer and
acceptance, consideration, competent
parties, legal purpose
When does a breach of contract occur? - CORRECT ANSWER-When a party
refuses to perform the contract,
performs an act prohibited by the contract, or
prevents the other party from performing its
obligations
What are the 3 key functions of a business plan? - CORRECT ANSWER-Planning
tool, Loan/Investor Document, and Benchmarking Tool