Contractors Manual with correct
answers 2026
A-properly-registered-fictitious-name-is-valid-for-________________
A.-1-year
B.-2-years
C.-3-years
D.-5-years---correct-answers-D.-5-years
1-15
Which-of-the-following-would-have-jurisdiction-over-dredging-or-excavation-of-navigable-
waters-and-wetlands?
A.-U.S.-Dept.-of-the-Interior-
B.-Florida-Dept.-of-State
C.-Florida-Dept.of-Transportation
D.-U.S-Army-Corps-of-Engineers---correct-answers-D.-U.S-Army-Corps-of-Engineers
1-16
,The-name-of-the-form-which-is-used-to-apply-for-sales-tax-is?
A.-W2
B.-DR-1-
C.-S1
D.-W4---correct-answers-B.-DR-1
1-21
Which-of-the-following-is-NOT-true-about-a-fictitious-name-registration?
A.-Valid-for-5-years.
B.-The-fictitious-name-must-be-advertised-at-least-one-time.
C.-If-a-change-of-ownership-occurs,-the-owner(s)-of-record-must-file-a-cancellation-and-
registration-within-45-days-of-filing,
D.-Fictitious-name-registration-must-be-renewed-between-July-1-and-December-31-in-the-
expiration-year.---correct-answers-C.-If-a-change-of-ownership-occurs,-the-owner(s)-of-record-
must-file-a-cancellation-and-registration-within-45-days-of-filing,
1-15
Three-partners,-Noah,-Evan-&-Steven-form-a-partnership.-Noah-invests-$30,000;-Steven-
invests-$20,000-and-Evan-invests-$15,000.-In-addition,-Noah-performs-specific-management-
functions-for-which-he-is-paid-$5,000-from-the-partnership-proceeds.-If-the-partnership-earns-
$244,000,-how-much-will-Noah-receive?-
A.-Less-than-$70,000
B.-Between-$70,000--$90,000
C.-Between-$90,000-$110,000
,D.-More-than-$110,000---correct-answers-D.-More-than-$110,000
1-12
If-the-above-partnership-were-dissolved,-showing-a-net-loss-of-$60,000,-how-much-would-
Noah-owe?
A.-$60,000-
B.-$4,666
C.-$20,000
D.-$0.00---correct-answers-A.-$60,000-
1-13
According-to-the-Contractor's-Manual,-starting-capital-should-be-enough-to-cover-living-
expenses-for-between-which-of-the-following?
A.-3-months-to-a-year-
B.-6-months-to-a-year
C.-9-months-to-a-year
D.-at-least-a-year---correct-answers-A.-3-months-to-a-year
1-17
A-Partnership-will-be-dissolved-if-which-of-the-following-applies?
A.-UnlawfuI-Activity
B.-Failing-to-have-a-primary-qualifying-agent
C.-A-court-decree-under-the-partnership-act
D.-A-and-C-1-29---correct-answers-D.-A-and-C-1-29
, 1-29
Which-of-the-following-is-NOT-characteristic-about-a-General-and-Limited-Partnership?
A.-The-limited-partnership-has-two-types-of-partners;-a-partnership-only-one.-
B.-The-general-partners-of-a-limited-partnership-have-limited-personal-liability;-the-partners-
of-a-partnership-do-not.-
C.-In-a-limited-partnership-the-limited-partners-have-no-management-responsibility.
D.-The-general-partner-has-joint-and-several-liability;-the-limited-partner-does-not---correct-
answers-C.-In-a-limited-partnership-the-limited-partners-have-no-management-responsibility.
1-12
Which-of-the-following-is-NOT-true-about-a-sole-proprietor,-a/k/a-DBA,-operating-a-business-
in-his-own-name?
A.-A-business-fictitious-name-filing-is-necessary.
B.-A-business-Tax-Identification-Number-filing-is-necessary.
C.-Neither-A-nor-B-
D.-Both-A-and-B---correct-answers-D.-Both-A-and-B
1-11
Which-of-the-following-is-an-advantage-of-owning-a-corporation?
A.-Continuity-of-existence.-
B.-Lack-of-centralized-control.
C.-sharing-of-ideas-and-management-responsibility.
D.-Easier-to-create.---correct-answers-A.-Continuity-of-existence.-