FL BUSINESS & FINANCE PRACTICE TEST |
COMPLETE STUDY GUIDE & PRACTICE
QUESTIONS
| GRADED A+ | GUARANTEED SUCCESS
Updated 2026 Questions and Answers
100% Verified Exam Prep
,The owner must prove financial capability no later than Answer: C. 7 - AIA 701.6.2
________ days prior to the expiration of the time for
withdrawal of bids. A. 3 B. 5 C.7 D.30
How many copies of the plans and specifications shall Answer: A. 1 - AIA201 2.3.6
the contractor maintain on site? A. 1 B. 2 C. 3 D. 4
Contracts entered into by unlicensed contractors Answer: D. are unenforceable - CM 2-94 489.128
________________. A. are immoral B.are illegal C. are
enforceable D. are unenforceable
The subcontractor agrees that all work shall be done Answer: C. A & B are correct - AIA 401.4.2.5
subject to the final approval of the ______________________. A.
architect B. contractor C. both A & B are correct D.
none of the above
, Which of the following is NOT exempt from chapter Answer B. Owners of property $85,000 - CM 2-63 489.103 Limit is $75,000.
489? A. An employee of a licensee who is subordinate
of a construction licensee acting within the scope. B.
Owners of a property with a cost of $85,000. C.
Contractors in work on bridges and roads. D. Anybody
doing work of a minor nature - less $1,000 or less.
The architect has the sole responsibility for ordering Answer: C. any minor change in work - AIA 201 7.1.2
__________________. A. Change orders B. Construction change
directives C. any minor change of work D. any changes
whatsoever
When considering the location of your office, which of Answer: B. Demographic Makeup - CM 1-15
the following is not a consideration? A. Zoning
Ordinances B. Demographic makeup of community C.
Building Permits D. Flood Prone Area Maps
The bonding cost for a class "B" contract of $900,000 Answer: C. $12,500 CM 4-18 Graduated scale: 1st- 100x25%+ 2,500 2nd 400
will cost ________________. A. $9,000 B. $10,000 C. $12,500 D. x15%+ 6,000 3rd 400x 10%=4,000 Total $12,500
$22,500
A project is to be considered abandoned after _________ Answer D. 90 - CM 2-96 , 489.129.1.j
days if the contractor just terminates the project without
notification to the owner and without cause. A. 30 B. 60
C. 45 D. 90
COMPLETE STUDY GUIDE & PRACTICE
QUESTIONS
| GRADED A+ | GUARANTEED SUCCESS
Updated 2026 Questions and Answers
100% Verified Exam Prep
,The owner must prove financial capability no later than Answer: C. 7 - AIA 701.6.2
________ days prior to the expiration of the time for
withdrawal of bids. A. 3 B. 5 C.7 D.30
How many copies of the plans and specifications shall Answer: A. 1 - AIA201 2.3.6
the contractor maintain on site? A. 1 B. 2 C. 3 D. 4
Contracts entered into by unlicensed contractors Answer: D. are unenforceable - CM 2-94 489.128
________________. A. are immoral B.are illegal C. are
enforceable D. are unenforceable
The subcontractor agrees that all work shall be done Answer: C. A & B are correct - AIA 401.4.2.5
subject to the final approval of the ______________________. A.
architect B. contractor C. both A & B are correct D.
none of the above
, Which of the following is NOT exempt from chapter Answer B. Owners of property $85,000 - CM 2-63 489.103 Limit is $75,000.
489? A. An employee of a licensee who is subordinate
of a construction licensee acting within the scope. B.
Owners of a property with a cost of $85,000. C.
Contractors in work on bridges and roads. D. Anybody
doing work of a minor nature - less $1,000 or less.
The architect has the sole responsibility for ordering Answer: C. any minor change in work - AIA 201 7.1.2
__________________. A. Change orders B. Construction change
directives C. any minor change of work D. any changes
whatsoever
When considering the location of your office, which of Answer: B. Demographic Makeup - CM 1-15
the following is not a consideration? A. Zoning
Ordinances B. Demographic makeup of community C.
Building Permits D. Flood Prone Area Maps
The bonding cost for a class "B" contract of $900,000 Answer: C. $12,500 CM 4-18 Graduated scale: 1st- 100x25%+ 2,500 2nd 400
will cost ________________. A. $9,000 B. $10,000 C. $12,500 D. x15%+ 6,000 3rd 400x 10%=4,000 Total $12,500
$22,500
A project is to be considered abandoned after _________ Answer D. 90 - CM 2-96 , 489.129.1.j
days if the contractor just terminates the project without
notification to the owner and without cause. A. 30 B. 60
C. 45 D. 90
