AZ Contractor's BME (Business Management Exam) Prep
Certificate of Limited Partnership - correct answer✔ ✔ What
document must be filed when registering an Arizona Limited
Partnership?
60 Days - correct answer✔ ✔ How many days do you have to
publish the 'Articles of Incorporation' after having filed the 'Articles of
Incorporation' with the Arizona Corporate Commission?
120 days - correct answer✔ ✔ When reserving a trade name (also
known as a DBA), a corporate (legal business name of a corporation)
name may reserved prior to incorporation for how many days?
Qualifying Party - correct answer✔ ✔ What entity cannot change a
name on a contractor's license?
Construction Property (Also fixures & labor costs in some instances) -
correct answer✔ ✔ What does Builder's risk insurance protect?
Contractor's vehicles & employees - correct answer✔ ✔ What does
Comprehensive Liability Insurance not cover?
, The contract will be void & the situation will end in litigation - correct
answer✔ ✔ If a contractor refuses to work on a job bid that was
offered to them, what will happen as a result?
A1-R - correct answer✔ ✔ What form is used to reports & pay
quarterly unemployment taxes to the Arizona Department of Economic
Security?
40 - correct answer✔ ✔ After how many hours a week does overtime
kick in for U.S. employees according to the FLSA
3 - correct answer✔ ✔ An employer must display an Annual
Summary of work-related injuries for at least how many months
annually?
$70,000 - correct answer✔ ✔ A repeated OSHA violation may result
in a fine up to how much money, per violation?
$5,000 - correct answer✔ ✔ Willful OSHA violations result in a a
minimum of how much money per fine?
Employer - correct answer✔ ✔ Who determines the safety
equipment used on the job?
Certificate of Limited Partnership - correct answer✔ ✔ What
document must be filed when registering an Arizona Limited
Partnership?
60 Days - correct answer✔ ✔ How many days do you have to
publish the 'Articles of Incorporation' after having filed the 'Articles of
Incorporation' with the Arizona Corporate Commission?
120 days - correct answer✔ ✔ When reserving a trade name (also
known as a DBA), a corporate (legal business name of a corporation)
name may reserved prior to incorporation for how many days?
Qualifying Party - correct answer✔ ✔ What entity cannot change a
name on a contractor's license?
Construction Property (Also fixures & labor costs in some instances) -
correct answer✔ ✔ What does Builder's risk insurance protect?
Contractor's vehicles & employees - correct answer✔ ✔ What does
Comprehensive Liability Insurance not cover?
, The contract will be void & the situation will end in litigation - correct
answer✔ ✔ If a contractor refuses to work on a job bid that was
offered to them, what will happen as a result?
A1-R - correct answer✔ ✔ What form is used to reports & pay
quarterly unemployment taxes to the Arizona Department of Economic
Security?
40 - correct answer✔ ✔ After how many hours a week does overtime
kick in for U.S. employees according to the FLSA
3 - correct answer✔ ✔ An employer must display an Annual
Summary of work-related injuries for at least how many months
annually?
$70,000 - correct answer✔ ✔ A repeated OSHA violation may result
in a fine up to how much money, per violation?
$5,000 - correct answer✔ ✔ Willful OSHA violations result in a a
minimum of how much money per fine?
Employer - correct answer✔ ✔ Who determines the safety
equipment used on the job?
