100 PRACTICE QUESTIONS FOR
THE FLORIDA CONTRACTORS
MANUAL QUESTIONS AND
ANSWERS
A. 1 yearrx rx
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 navigab
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le waters and wetlands?
rx rx rx
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 rx
B. DR-1 rx rx
C. S1 rx
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 an
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d registration within 45 days of filing,
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D. Fictitious name registration must be renewed between July 1 and December 31 in
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the expiration year. - ANSWERS--
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C. If a change of ownership occurs, the owner(s) of record must file a cancellation an
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d registration within 45 days of filing,
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1-15
Three partners, Noah, Evan & Steven form a partnership. Noah invests $30,000; Ste
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ven invests $20,000 and Evan invests $15,000. In addition, Noah performs specific
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management functions for which he is paid $5,000 from the partnership proceeds. If t
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he partnership earns $244,000, how much will Noah receive?
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A. Less than $70,000
rx rx rx
,B. Between $70,000 -$90,000
rx rx rx
C. Between $90,000-$110,000
rx rx
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 w
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ould Noah owe? rx rx
A. $60,000rx rx
B. $4,666 rx
C. $20,000rx
D. $0.00 - ANSWERS--A. $60,000
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1-13
According to the Contractor's Manual, starting capital should be enough to cover livin
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g 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 Partnership
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?
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 pa
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rtners of a partnership do not.
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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 to
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exceed _______. rx
A. $500
rx
B. $1,000
rx
C. $5,000
rx rx
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 constructi
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on business
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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 constructi
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on business
rx
489.119
If a contractor is disciplined by the board and is the qualifying agent for a business or
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ganization and the violation was performed in connection with a construction project
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undertaken by that business organization, the board may impose an additional admi
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nistrative fine not to exceed___________ against the business organization or again
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st any partner, officer, director, trustee, or member if such person participated in the
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violation or knew or should have known of the violation and failed to take corrective a
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ction.
a. $500
rx
b. $1,000
rx
c. $2,500
rx
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 bec
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ome _________. rx
a. delinquent
rx
b. inactive
rx
c. void
rx
THE FLORIDA CONTRACTORS
MANUAL QUESTIONS AND
ANSWERS
A. 1 yearrx rx
B. 2 years
rx rx
C. 3 years
rx rx
D. 5 years - ANSWERS--D. 5 years
rx rx rx rx rx rx
1-15
Which of the following would have jurisdiction over dredging or excavation of navigab
rx rx rx rx rx rx rx rx rx rx rx rx
le waters and wetlands?
rx rx rx
A. U.S. Dept. of the Interior
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B. Florida Dept. of State
rx rx rx rx
C. Florida Dept.of Transportation
rx rx rx
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 rx
B. DR-1 rx rx
C. S1 rx
D. W4 - ANSWERS--B. DR-1
rx rx rx rx
1-21
Which of the following is NOT true about a fictitious name registration?
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A. Valid for 5 years.
rx rx rx rx
B. The fictitious name must be advertised at least one time.
rx rx rx rx rx rx rx rx rx rx
C. If a change of ownership occurs, the owner(s) of record must file a cancellation an
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d registration within 45 days of filing,
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D. Fictitious name registration must be renewed between July 1 and December 31 in
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the expiration year. - ANSWERS--
x rx rx rx rx
C. If a change of ownership occurs, the owner(s) of record must file a cancellation an
rx rx rx rx rx rx rx rx rx rx rx rx rx rx rx
d registration within 45 days of filing,
rx rx rx rx rx rx
1-15
Three partners, Noah, Evan & Steven form a partnership. Noah invests $30,000; Ste
rx rx rx rx rx rx rx rx rx rx rx rx
ven invests $20,000 and Evan invests $15,000. In addition, Noah performs specific
rx rx rx rx rx rx rx rx rx rx rx rx
management functions for which he is paid $5,000 from the partnership proceeds. If t
rx rx rx rx rx rx rx rx rx rx rx rx rx
he partnership earns $244,000, how much will Noah receive?
rx rx rx rx rx rx rx rx rx
A. Less than $70,000
rx rx rx
,B. Between $70,000 -$90,000
rx rx rx
C. Between $90,000-$110,000
rx rx
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 w
rx rx rx rx rx rx rx rx rx rx rx rx rx rx
ould Noah owe? rx rx
A. $60,000rx rx
B. $4,666 rx
C. $20,000rx
D. $0.00 - ANSWERS--A. $60,000
rx rx rx rx rx
1-13
According to the Contractor's Manual, starting capital should be enough to cover livin
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g expenses for between which of the following?
rx rx rx rx rx rx rx
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
rx rx
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 Partnership
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?
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 pa
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rtners of a partnership do not.
rx rx rx rx rx rx
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--
rx
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.
rx rx rx rx
B. Lack of centralized control.
rx rx rx rx
C. sharing of ideas and management responsibility.
rx rx rx rx rx rx
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 to
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exceed _______. rx
A. $500
rx
B. $1,000
rx
C. $5,000
rx rx
D. $12,500 - ANSWERS--C. $5,000
rx rx rx rx rx
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
rx rx rx rx rx rx rx rx rx rx rx rx rx
b. He is qualified to act for the corporation in all matters connected with its constructi
rx rx rx rx rx rx rx rx rx rx rx rx rx rx rx
on business
rx rx
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--
rx rx rx rx rx rx
b. He is qualified to act for the corporation in all matters connected with its constructi
rx rx rx rx rx rx rx rx rx rx rx rx rx rx rx
on business
rx
489.119
If a contractor is disciplined by the board and is the qualifying agent for a business or
rx rx rx rx rx rx rx rx rx rx rx rx rx rx rx rx
ganization and the violation was performed in connection with a construction project
rx rx rx rx rx rx rx rx rx rx rx rx
undertaken by that business organization, the board may impose an additional admi
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nistrative fine not to exceed___________ against the business organization or again
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st any partner, officer, director, trustee, or member if such person participated in the
rx rx rx rx rx rx rx rx rx rx rx rx rx rx
violation or knew or should have known of the violation and failed to take corrective a
rx rx rx rx rx rx rx rx rx rx rx rx rx rx rx
ction.
a. $500
rx
b. $1,000
rx
c. $2,500
rx
d. $5,000 - ANSWERS--d. $5,000
rx rx rx rx rx
489.129
Failure of a licensee to renew before a license expires shall cause the license to bec
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ome _________. rx
a. delinquent
rx
b. inactive
rx
c. void
rx
