100 PRACTICE QUESTIONS FOR
THE FLORIDA CONTRACTORS
MANUAL QUESTIONS AND
ANSWERS
A. 1 year
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B. 2 years
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C. 3 years
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D. 5 years - ANSWERS--D. 5 years
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1-15
Which of the following would have jurisdiction over dredging or excavation of navig
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able waters and wetlands?
zv zv zv
A. U.S. Dept. of the Interior
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B. Florida Dept. of State
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C. Florida Dept.of Transportation
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D. U.S Army Corps of Engineers - ANSWERS--D. U.S Army Corps of Engineers
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1-16
The name of the form which is used to apply for sales tax is?
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A. W2 zv
B. DR-1
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C. S1 zv
D. W4 - ANSWERS--B. DR-1
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1-21
Which of the following is NOT true about a fictitious name registration?
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A. Valid for 5 years.
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B. The fictitious name must be advertised at least one time.
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C. If a change of ownership occurs, the owner(s) of record must file a cancellation
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and registration within 45 days of filing,
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D. Fictitious name registration must be renewed between July 1 and December 31 i
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n the expiration year. - ANSWERS--
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C. If a change of ownership occurs, the owner(s) of record must file a cancellation
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and registration within 45 days of filing,
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1-15
Three partners, Noah, Evan & Steven form a partnership. Noah invests $30,000; St
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even invests $20,000 and Evan invests $15,000. In addition, Noah performs specifi
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c management functions for which he is paid $5,000 from the partnership proceeds
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. If the partnership earns $244,000, how much will Noah receive?
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A. Less than $70,000
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,B. Between $70,000 -$90,000
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C. Between $90,000-$110,000
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D. More than $110,000 - ANSWERS--D. More than $110,000
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1-12
If the above partnership were dissolved, showing a net loss of $60,000, how much
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would Noah owe? zv zv
A. $60,000zv zv
B. $4,666 zv
C. $20,000zv
D. $0.00 - ANSWERS--A. $60,000
zv zv zv zv zv
1-13
According to the Contractor's Manual, starting capital should be enough to cover livi
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ng expenses for between which of the following?
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A. 3 months to a year
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B. 6 months to a year
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C. 9 months to a year
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D. at least a year - ANSWERS--A. 3 months to a year
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1-17
A Partnership will be dissolved if which of the following applies?
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A. UnlawfuI Activity
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B. Failing to have a primary qualifying agent
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C. A court decree under the partnership act
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D. A and C 1-29 - ANSWERS--D. A and C 1-29
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1-29
Which of the following is NOT characteristic about a General and Limited Partnersh
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ip?
A. The limited partnership has two types of partners; a partnership only one.
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B. The general partners of a limited partnership have limited personal liability; the p
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artners of a partnership do not.zv zv zv zv zv zv
C. In a limited partnership the limited partners have no management responsibility.
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D. The general partner has joint and several liability; the limited partner does not -
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ANSWERS--
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C. In a limited partnership the limited partners have no management responsibility.
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1-12
Which of the following is NOT true about a sole proprietor, a/
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k/a DBA, operating a business in his own name?
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A. A business fictitious name filing is necessary.
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B. A business Tax Identification Number filing is necessary.
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C. Neither A nor B
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D. Both A and B - ANSWERS--D. Both A and B
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, 1-11
Which of the following is an advantage of owning a corporation?
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A. Continuity of existence.
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B. Lack of centralized control.
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C. sharing of ideas and management responsibility.
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D. Easier to create. - ANSWERS--A. Continuity of existence.
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1-11
Unlicensed practice of a profession is punishable by an administrative penalty not t
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o exceed _______.
zv zv
A. $500 zv
B. $1,000zv
C. $5,000zv zv
D. $12,500 - ANSWERS--C. $5,000
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455.228(1)
Which of the following applies to a qualifying agent of corporation?
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a. He is only qualified to act for the business during normal working hours
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b. He is qualified to act for the corporation in all matters connected with its construc
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tion business zv zv
c. He does have authority to supervise in all areas of the company's business
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d. None of the above - ANSWERS--
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b. He is qualified to act for the corporation in all matters connected with its construc
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tion business zv
489.119
If a contractor is disciplined by the board and is the qualifying agent for a business
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organization and the violation was performed in connection with a construction proj
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ect undertaken by that business organization, the board may impose an additional
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administrative fine not to exceed___________ against the business organization or
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against any partner, officer, director, trustee, or member if such person participated
zv zv zv zv zv zv zv zv zv zv zv z
vin the violation or knew or should have known of the violation and failed to take cor
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rective action. zv
a. $500
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b. $1,000
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c. $2,500
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d. $5,000 - ANSWERS--d. $5,000
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489.129
Failure of a licensee to renew before a license expires shall cause the license to be
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come _________. zv
a. delinquent
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b. inactive
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c. void
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THE FLORIDA CONTRACTORS
MANUAL QUESTIONS AND
ANSWERS
A. 1 year
zv zv
B. 2 years
zv zv
C. 3 years
zv zv
D. 5 years - ANSWERS--D. 5 years
zv zv zv zv zv zv
1-15
Which of the following would have jurisdiction over dredging or excavation of navig
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able waters and wetlands?
zv zv zv
A. U.S. Dept. of the Interior
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B. Florida Dept. of State
zv zv zv zv
C. Florida Dept.of Transportation
zv zv zv
D. U.S Army Corps of Engineers - ANSWERS--D. U.S Army Corps of Engineers
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1-16
The name of the form which is used to apply for sales tax is?
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A. W2 zv
B. DR-1
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C. S1 zv
D. W4 - ANSWERS--B. DR-1
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1-21
Which of the following is NOT true about a fictitious name registration?
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A. Valid for 5 years.
zv zv zv zv
B. The fictitious name must be advertised at least one time.
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C. If a change of ownership occurs, the owner(s) of record must file a cancellation
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and registration within 45 days of filing,
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D. Fictitious name registration must be renewed between July 1 and December 31 i
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n the expiration year. - ANSWERS--
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C. If a change of ownership occurs, the owner(s) of record must file a cancellation
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and registration within 45 days of filing,
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1-15
Three partners, Noah, Evan & Steven form a partnership. Noah invests $30,000; St
zv zv zv zv zv zv zv zv zv zv zv zv
even invests $20,000 and Evan invests $15,000. In addition, Noah performs specifi
zv zv zv zv zv zv zv zv zv zv zv
c management functions for which he is paid $5,000 from the partnership proceeds
zv zv zv zv zv zv zv zv zv zv zv zv
. If the partnership earns $244,000, how much will Noah receive?
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A. Less than $70,000
zv zv zv
,B. Between $70,000 -$90,000
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C. Between $90,000-$110,000
zv zv
D. More than $110,000 - ANSWERS--D. More than $110,000
zv zv zv zv zv zv zv zv
1-12
If the above partnership were dissolved, showing a net loss of $60,000, how much
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would Noah owe? zv zv
A. $60,000zv zv
B. $4,666 zv
C. $20,000zv
D. $0.00 - ANSWERS--A. $60,000
zv zv zv zv zv
1-13
According to the Contractor's Manual, starting capital should be enough to cover livi
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ng expenses for between which of the following?
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A. 3 months to a year
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B. 6 months to a year
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C. 9 months to a year
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D. at least a year - ANSWERS--A. 3 months to a year
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1-17
A Partnership will be dissolved if which of the following applies?
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A. UnlawfuI Activity
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B. Failing to have a primary qualifying agent
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C. A court decree under the partnership act
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D. A and C 1-29 - ANSWERS--D. A and C 1-29
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1-29
Which of the following is NOT characteristic about a General and Limited Partnersh
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ip?
A. The limited partnership has two types of partners; a partnership only one.
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B. The general partners of a limited partnership have limited personal liability; the p
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artners of a partnership do not.zv zv zv zv zv zv
C. In a limited partnership the limited partners have no management responsibility.
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D. The general partner has joint and several liability; the limited partner does not -
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ANSWERS--
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C. In a limited partnership the limited partners have no management responsibility.
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1-12
Which of the following is NOT true about a sole proprietor, a/
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k/a DBA, operating a business in his own name?
zv zv zv zv zv zv zv zv
A. A business fictitious name filing is necessary.
zv zv zv zv zv zv zv
B. A business Tax Identification Number filing is necessary.
zv zv zv zv zv zv zv zv
C. Neither A nor B
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D. Both A and B - ANSWERS--D. Both A and B
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, 1-11
Which of the following is an advantage of owning a corporation?
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A. Continuity of existence.
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B. Lack of centralized control.
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C. sharing of ideas and management responsibility.
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D. Easier to create. - ANSWERS--A. Continuity of existence.
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1-11
Unlicensed practice of a profession is punishable by an administrative penalty not t
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o exceed _______.
zv zv
A. $500 zv
B. $1,000zv
C. $5,000zv zv
D. $12,500 - ANSWERS--C. $5,000
zv zv zv zv zv
455.228(1)
Which of the following applies to a qualifying agent of corporation?
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a. He is only qualified to act for the business during normal working hours
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b. He is qualified to act for the corporation in all matters connected with its construc
zv zv zv zv zv zv zv zv zv zv zv zv zv zv zv
tion business zv zv
c. He does have authority to supervise in all areas of the company's business
zv zv zv zv zv zv zv zv zv zv zv zv zv
d. None of the above - ANSWERS--
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b. He is qualified to act for the corporation in all matters connected with its construc
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tion business zv
489.119
If a contractor is disciplined by the board and is the qualifying agent for a business
zv zv zv zv zv zv zv zv zv zv zv zv zv zv zv zv
organization and the violation was performed in connection with a construction proj
zv zv zv zv zv zv zv zv zv zv zv
ect undertaken by that business organization, the board may impose an additional
zv zv zv zv zv zv zv zv zv zv zv zv
administrative fine not to exceed___________ against the business organization or
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against any partner, officer, director, trustee, or member if such person participated
zv zv zv zv zv zv zv zv zv zv zv z
vin the violation or knew or should have known of the violation and failed to take cor
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rective action. zv
a. $500
zv
b. $1,000
zv
c. $2,500
zv
d. $5,000 - ANSWERS--d. $5,000
zv zv zv zv zv
489.129
Failure of a licensee to renew before a license expires shall cause the license to be
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come _________. zv
a. delinquent
zv
b. inactive
zv
c. void
zv
