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Ar Contractor’s Exam – Real State Exam Questions & Verified Answers – Pass First Attempt Guaranteed – Instant Download- Newest 2026 Update!!!!!

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AR CONTRACTOR’S EXAM – REAL STATE EXAM QUESTIONS & VERIFIED ANSWERS – PASS FIRST ATTEMPT GUARANTEED – INSTANT DOWNLOAD- NEWEST 2026 UPDATE!!!!!

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An employer must report a work related death to OSHA within: - ANSWER 8 hours



The maximum amount of shareholders permitted within a C corporation is: - ANSWER
unlimited



Which of the following insurance will cover an individual when a hammer drops on the foot
and strikes and innocent bystander on the foot? - ANSWER CGL



A partnership is: - ANSWER a relationship between two or more people



A notice must be given by the contractor to the owner or owners agent _____ days prior to
filing a lien against the owner/owners/agent, or either of them, indication that he or she
holds a claim against the building for improvement, setting forth the amount and from who
it is due - ANSWER 10



A ___________________ is a special business arrangement that exists when two or more
companies join to undertake a specific project - ANSWER joint venture



_________ is anything of value - ANSWER consideration



Who pays the workers' compensation insurance? - ANSWER employer



corporations and other entities to be treated as a small business must file an election by
small business with the state of arkansas during the first ______ of the taxable year - AN-
SWER 75




1

, what are the cumulative earnings when the contract amount is $150,000 and the project is
80% complete?



($150,000 x .80 = ) - ANSWER $120,000



The EPA has estimated that about ______________ percent of known pollution to our na-
tions waters is attributable to storm water runoff - ANSWER 30%



The best contract used by the owner is the __________ - ANSWER lump sum



Form _____________ established eligibility and identity to work in the United States - AN-
SWER I-9



ethics has to do with all but which of the following? - ANSWER lying to the customer to
get the job



when negotiations, one should ____________ - ANSWER aim high



what is the gross pay of a non-exemp employee whoworks 50 hours during a holiday week,
and receives 8 hours additional pay for the holiday? the employee earnes $13.50 p/hr

$13.50 x 48 = 648

$20.25 x 10 = 202.50

648 + 202.50 = - ANSWER $850.00 --> 850.50



form i-9 must be kept for at least ________ year(s) from the date of hire - ANSWER three



a quantity take off method is similar to a _____________ - ANSWER lump sum




2

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