PRACTICE QUESTIONS FOR THE FLORIDA
CONTRACTORS MANUAL 2026 | COMPLETE
EXAM PREP GUIDE
| GRADED A+ | GUARANTEED SUCCESS
Updated 2026 Questions and Answers
100% Verified Exam Prep and Comprehensive
Rationales Included
,Which of the following is NOT true about a fictitious name C. If a change of ownership occurs, the owner(s) of record must file a cancellation
registration? and registration within 45 days of filing,
1-15
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.
Three partners, Noah, Evan & Steven form a partnership. D. More than $110,000
Noah invests $30,000; Steven invests $20,000 and Evan 1-12
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
If the above partnership were dissolved, showing a net A. $60,000
loss of $60,000, how much would Noah owe? 1-13
A. $60,000
B. $4,666
C. $20,000
D. $0.00
According to the Contractor's Manual, starting capital A. 3 months to a year
should be enough to cover living expenses for between 1-17
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
A Partnership will be dissolved if which of the following D. A and C 1-29
applies? 1-29
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
, Which of the following is NOT characteristic about a C. In a limited partnership the limited partners have no management
General and Limited Partnership? responsibility.
1-12
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
Which of the following is NOT true about a sole D. Both A and B
proprietor, a/k/a DBA, operating a business in his own 1-11
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
Which of the following is an advantage of owning a A. Continuity of existence.
corporation? 1-11
A. Continuity of existence.
B. Lack of centralized control.
C. sharing of ideas and management responsibility.
D. Easier to create.
Unlicensed practice of a profession is punishable by an C. $5,000
administrative penalty not to exceed _______. 455.228(1)
A. $500
B. $1,000
C. $5,000
D. $12,500
CONTRACTORS MANUAL 2026 | COMPLETE
EXAM PREP GUIDE
| GRADED A+ | GUARANTEED SUCCESS
Updated 2026 Questions and Answers
100% Verified Exam Prep and Comprehensive
Rationales Included
,Which of the following is NOT true about a fictitious name C. If a change of ownership occurs, the owner(s) of record must file a cancellation
registration? and registration within 45 days of filing,
1-15
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.
Three partners, Noah, Evan & Steven form a partnership. D. More than $110,000
Noah invests $30,000; Steven invests $20,000 and Evan 1-12
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
If the above partnership were dissolved, showing a net A. $60,000
loss of $60,000, how much would Noah owe? 1-13
A. $60,000
B. $4,666
C. $20,000
D. $0.00
According to the Contractor's Manual, starting capital A. 3 months to a year
should be enough to cover living expenses for between 1-17
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
A Partnership will be dissolved if which of the following D. A and C 1-29
applies? 1-29
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
, Which of the following is NOT characteristic about a C. In a limited partnership the limited partners have no management
General and Limited Partnership? responsibility.
1-12
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
Which of the following is NOT true about a sole D. Both A and B
proprietor, a/k/a DBA, operating a business in his own 1-11
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
Which of the following is an advantage of owning a A. Continuity of existence.
corporation? 1-11
A. Continuity of existence.
B. Lack of centralized control.
C. sharing of ideas and management responsibility.
D. Easier to create.
Unlicensed practice of a profession is punishable by an C. $5,000
administrative penalty not to exceed _______. 455.228(1)
A. $500
B. $1,000
C. $5,000
D. $12,500
