VA CONTRACTORS: GENERAL (CLASS A OR B) 350
ORIGINAL PRACTICE QUESTIONS & ANSWERS
2026–2027 Study Edition • Business Organization • Estimating & Bidding • Contract Management • Project
Management • Risk Management • Safety • Labor Laws • Financial Management • Taxes • Lien Laws
Exam alignment: The PSI/DPOR candidate bulletin lists the Class A/B General Portion as 50 items, a passing score of 35,
and 100 minutes, with ten content areas.
Business Organization
Question 1. Which business structure generally provides the strongest
separation between the owners and the business entity?
A) Sole proprietorship
B) Joint venture
C) Corporation
D) General partnership
Correct Answer: C
Rationale: A corporation is a separate legal entity from its owners, although the exact liability and
tax consequences depend on the structure selected.
Business Organization
Question 2. In a contractor business-law review scenario, which business
structure generally provides the strongest separation between the owners
and the business entity?
A) Sole proprietorship
B) Joint venture
C) Corporation
D) General partnership
Correct Answer: C
Rationale: A corporation is a separate legal entity from its owners, although the exact liability and
tax consequences depend on the structure selected.
Question 3. Which choice most accurately answers the following? Which
business structure generally provides the strongest separation between
the owners and the business entity?
VA Class A/B General Practice Resource • Page 1
,Business Organization
A) Joint venture
B) Corporation
C) General partnership
D) Sole proprietorship
Correct Answer: B
Rationale: A corporation is a separate legal entity from its owners, although the exact liability and
tax consequences depend on the structure selected.
VA Class A/B General Practice Resource • Page 2
,Business Organization
Question 4. A project manager is reviewing this issue before proceeding.
Which business structure generally provides the strongest separation
between the owners and the business entity?
A) General partnership
B) Joint venture
C) Corporation
D) Sole proprietorship
Correct Answer: C
Rationale: A corporation is a separate legal entity from its owners, although the exact liability and
tax consequences depend on the structure selected.
Business Organization
Question 5. For a Virginia Class A or B general-contractor practice test,
which business structure generally provides the strongest separation
between the owners and the business entity?
A) General partnership
B) Corporation
C) Joint venture
D) Sole proprietorship
Correct Answer: B
Rationale: A corporation is a separate legal entity from its owners, although the exact liability and
tax consequences depend on the structure selected.
Business Organization
Question 6. Which document normally establishes the internal operating
rules of a corporation?
A) Bill of lading
B) Bylaws
C) Lien waiver
D) Purchase order
Correct Answer: B
Rationale: Corporate bylaws establish internal governance procedures, such as meetings, officer
roles, and decision-making.
VA Class A/B General Practice Resource • Page 3
, Business Organization
Question 7. In a contractor business-law review scenario, which document
normally establishes the internal operating rules of a corporation?
A) Bill of lading
B) Lien waiver
C) Bylaws
D) Purchase order
Correct Answer: C
Rationale: Corporate bylaws establish internal governance procedures, such as meetings, officer
roles, and decision-making.
Business Organization
Question 8. Which choice most accurately answers the following? Which
document normally establishes the internal operating rules of a
corporation?
A) Bylaws
B) Bill of lading
C) Purchase order
D) Lien waiver
Correct Answer: A
Rationale: Corporate bylaws establish internal governance procedures, such as meetings, officer
roles, and decision-making.
Business Organization
Question 9. A project manager is reviewing this issue before proceeding.
Which document normally establishes the internal operating rules of a
corporation?
A) Lien waiver
B) Bill of lading
C) Bylaws
D) Purchase order
Correct Answer: C
Rationale: Corporate bylaws establish internal governance procedures, such as meetings, officer
roles, and decision-making.
VA Class A/B General Practice Resource • Page 4
ORIGINAL PRACTICE QUESTIONS & ANSWERS
2026–2027 Study Edition • Business Organization • Estimating & Bidding • Contract Management • Project
Management • Risk Management • Safety • Labor Laws • Financial Management • Taxes • Lien Laws
Exam alignment: The PSI/DPOR candidate bulletin lists the Class A/B General Portion as 50 items, a passing score of 35,
and 100 minutes, with ten content areas.
Business Organization
Question 1. Which business structure generally provides the strongest
separation between the owners and the business entity?
A) Sole proprietorship
B) Joint venture
C) Corporation
D) General partnership
Correct Answer: C
Rationale: A corporation is a separate legal entity from its owners, although the exact liability and
tax consequences depend on the structure selected.
Business Organization
Question 2. In a contractor business-law review scenario, which business
structure generally provides the strongest separation between the owners
and the business entity?
A) Sole proprietorship
B) Joint venture
C) Corporation
D) General partnership
Correct Answer: C
Rationale: A corporation is a separate legal entity from its owners, although the exact liability and
tax consequences depend on the structure selected.
Question 3. Which choice most accurately answers the following? Which
business structure generally provides the strongest separation between
the owners and the business entity?
VA Class A/B General Practice Resource • Page 1
,Business Organization
A) Joint venture
B) Corporation
C) General partnership
D) Sole proprietorship
Correct Answer: B
Rationale: A corporation is a separate legal entity from its owners, although the exact liability and
tax consequences depend on the structure selected.
VA Class A/B General Practice Resource • Page 2
,Business Organization
Question 4. A project manager is reviewing this issue before proceeding.
Which business structure generally provides the strongest separation
between the owners and the business entity?
A) General partnership
B) Joint venture
C) Corporation
D) Sole proprietorship
Correct Answer: C
Rationale: A corporation is a separate legal entity from its owners, although the exact liability and
tax consequences depend on the structure selected.
Business Organization
Question 5. For a Virginia Class A or B general-contractor practice test,
which business structure generally provides the strongest separation
between the owners and the business entity?
A) General partnership
B) Corporation
C) Joint venture
D) Sole proprietorship
Correct Answer: B
Rationale: A corporation is a separate legal entity from its owners, although the exact liability and
tax consequences depend on the structure selected.
Business Organization
Question 6. Which document normally establishes the internal operating
rules of a corporation?
A) Bill of lading
B) Bylaws
C) Lien waiver
D) Purchase order
Correct Answer: B
Rationale: Corporate bylaws establish internal governance procedures, such as meetings, officer
roles, and decision-making.
VA Class A/B General Practice Resource • Page 3
, Business Organization
Question 7. In a contractor business-law review scenario, which document
normally establishes the internal operating rules of a corporation?
A) Bill of lading
B) Lien waiver
C) Bylaws
D) Purchase order
Correct Answer: C
Rationale: Corporate bylaws establish internal governance procedures, such as meetings, officer
roles, and decision-making.
Business Organization
Question 8. Which choice most accurately answers the following? Which
document normally establishes the internal operating rules of a
corporation?
A) Bylaws
B) Bill of lading
C) Purchase order
D) Lien waiver
Correct Answer: A
Rationale: Corporate bylaws establish internal governance procedures, such as meetings, officer
roles, and decision-making.
Business Organization
Question 9. A project manager is reviewing this issue before proceeding.
Which document normally establishes the internal operating rules of a
corporation?
A) Lien waiver
B) Bill of lading
C) Bylaws
D) Purchase order
Correct Answer: C
Rationale: Corporate bylaws establish internal governance procedures, such as meetings, officer
roles, and decision-making.
VA Class A/B General Practice Resource • Page 4
