A contractor must serve a copy fo the claim of lien on the owner and lender (if any)
within how many days of the date the claim of lien is recorded? A. 15 B. 30 C. 60 D. 90
Give this one a try later!
Answer: A. 15 CM 9-30
Which of the following is NOT true about corporations? A. With an "S" corporation
there is no corporate tax - you pay taxes individual. B. Closely held corporations
operate more informally. C. There is no limit of shareholders for either a C-type or S-
type Corpo. D. C-type corpo have the possibility of double taxation.
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, Answer: C There is no limit of shareholders - CM 1-13
What method allows a business to take advantage of discounts offered by their
suppliers for early payment of invoices? a. Prepayment ledger
b. Quantity discounts
c. Open invoice method
d. Discount invoice accounting method
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Answer:
c. Open invoice method CM 3-47 INDEX/INVOICE DISCOUNTS
Which of the following is not true regarding posting a Notice of Commencement? a.
When a loan exists, it is the contractor's responsibly to post the notice
b. It may be posted no sooner than 90 days prior to the start of work at the site
c. The owner is obligated to post a copy at the site
d. The posted notice always needs to remain on site
Give this one a try later!
Answer:
a. When a loan exists, it is the contractor's responsibly to post the notice
INDEX/LIEN/NOTICE OF COMMENCEMENT/
All the following are examples of types of offers in construction contracts except
_________________________. A. bids B. purchase orders C. proposals D. negotiations
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, Answer: D. Negotiations CM 8.5
What penalty is imposed for failure or refusal of an employer or carrier to report any
form or notice associated with a death as required by Chapter 440, Workers
Compensation Laws?
a. Fine not to exceed $1000
b. Fine not to exceed $1500
c. Fine not to exceed $500
d. Fine not to exceed $500 for the first failure and not to exceed $2000 for each
subsequent failure
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Answer:
c. Fine not to exceed $500 CM 5-54/ 6-165 INDEX/WC/PENALTIES &
ACTS/WC ACT
When developing a project schedule, which of the following should not influence the
development of the project shedule? A. manpower B. equipment schedules C.
completion date D. activity durations
Give this one a try later!
Answer: C Completion date - CM 10-63
OSHA records must be maintained by which type of employer?
A. individuals no employees
B. self-employed persons with one or more employees
within how many days of the date the claim of lien is recorded? A. 15 B. 30 C. 60 D. 90
Give this one a try later!
Answer: A. 15 CM 9-30
Which of the following is NOT true about corporations? A. With an "S" corporation
there is no corporate tax - you pay taxes individual. B. Closely held corporations
operate more informally. C. There is no limit of shareholders for either a C-type or S-
type Corpo. D. C-type corpo have the possibility of double taxation.
Give this one a try later!
, Answer: C There is no limit of shareholders - CM 1-13
What method allows a business to take advantage of discounts offered by their
suppliers for early payment of invoices? a. Prepayment ledger
b. Quantity discounts
c. Open invoice method
d. Discount invoice accounting method
Give this one a try later!
Answer:
c. Open invoice method CM 3-47 INDEX/INVOICE DISCOUNTS
Which of the following is not true regarding posting a Notice of Commencement? a.
When a loan exists, it is the contractor's responsibly to post the notice
b. It may be posted no sooner than 90 days prior to the start of work at the site
c. The owner is obligated to post a copy at the site
d. The posted notice always needs to remain on site
Give this one a try later!
Answer:
a. When a loan exists, it is the contractor's responsibly to post the notice
INDEX/LIEN/NOTICE OF COMMENCEMENT/
All the following are examples of types of offers in construction contracts except
_________________________. A. bids B. purchase orders C. proposals D. negotiations
Give this one a try later!
, Answer: D. Negotiations CM 8.5
What penalty is imposed for failure or refusal of an employer or carrier to report any
form or notice associated with a death as required by Chapter 440, Workers
Compensation Laws?
a. Fine not to exceed $1000
b. Fine not to exceed $1500
c. Fine not to exceed $500
d. Fine not to exceed $500 for the first failure and not to exceed $2000 for each
subsequent failure
Give this one a try later!
Answer:
c. Fine not to exceed $500 CM 5-54/ 6-165 INDEX/WC/PENALTIES &
ACTS/WC ACT
When developing a project schedule, which of the following should not influence the
development of the project shedule? A. manpower B. equipment schedules C.
completion date D. activity durations
Give this one a try later!
Answer: C Completion date - CM 10-63
OSHA records must be maintained by which type of employer?
A. individuals no employees
B. self-employed persons with one or more employees
