Florida Electrical Business Exam Study Guide 2026/2027 Accurate Questions With Correct Detailed Solutions || 100% Guaranteed Pass Newest Version

FLORIDA ELECTRICAL BUSINESS EXAM STUDY GUIDE 2026/2027 ACCURATE QUESTIONS WITH CORRECT DETAILED SOLUTIONS || 100% GUARANTEED PASS NEWEST VERSION 1. Failure to maintain OSHA logs could result in a base penalty of ? - ANSWER $1000 2. The minimum number of employees that will require a contractor to obtain workmen's compensation insurance is ? - ANSWER 1 employee 3. The type of bond that guarantees that the contractor is I'll perform the work in accordance with the contract is know as a ? bond - ANSWER Performance Bond 4. Short term project schedule is detailed explanation of the next two weeks of construction activities and should be developed and or reviewed by all the following except ? - ANSWER Architect 5. The ? usually prepares the project schedule - ANSWER Project manager 6. In order to provide adequate control the project schedule should be formally reviewed and updated - ANSWER At least once every 30 days 7. A contract will not be enforced if it is ? - ANSWER Illegal 8. According to the statute of frauds a contract need not be in writing and still be enforceable in Florida if it is ? - ANSWER Less than $500 in value and less than 1 year in length 9. The ? has the duty to record and post a Notice of Commencement to improve real property - ANSWER Owner 10. A subcontractor started work on his contract with the General Contractor on August 1 1999 The owner made the final payment to the general contractor on September 13 1999 The latest date the subcontractor can serve a notice to preserve his claim under the Conatitution Lein Law is what date and when ? - ANSWER September 13 1999 or day before payment 11. The type of contract we are in the contractor agrees to carry out stipulated job in exchange for a fix some of the money is a? Contract - ANSWER Lump sum 12. When a contractor has to perform extra work for a subcontractor he will recover the cost in the form of a? - ANSWER Back charge 13. The ? Should be jointly prepared with the material and equipment schedule - ANSWER Project schedule 14. Based on the completed contract method for a job bid at $300,000 and currently 66.67% complete with a gross profit of 16.67% ($50,000) the current amount of profit recognized would be ? - ANSWER $0 15. The right to repossess or replevy unused materials from a jobsite will not be effective if someone, in good faith, purchased it after removal from the site of the improvement. - ANSWER True. 16. The contractor must within _____ days after the receipt of the property owner's request, furnishish to property owner or the property owner's agent a list of the subcontractors and suppliers who have a contract with the contractor as of the date the request is received by the contractor. - ANSWER 10 days. 17. A property perfected lien may be discharged by an order of the circuit court of the _____ where the property is located. - ANSWER county 18. When any interested party files a complaint, the clerk will issue a summons to the lienor to show cause within _____ days why his or her lien should not to be enforced by action or vacated and canceled of record. - ANSWER 20 days 19. If a lienor fails to show cause why his or her lien should not be enforced or fails to start such action before the return date of the summons, the court will immediately order cancellation of the lien. - ANSWER True 20. No lien provided by part 713.22 will continue for longer then ____ years after the claim of lien has been recorded. - ANSWER 1 year 21. No lien provided by part 713.22 will continue for no longer then _______ years after the recording of an amended claim of lien that shows a later date of final furnishing of labor, services, or materials. - ANSWER 1 year 22. The lien of any lienor upon whom Notice of contest of Lien is served and who fails to institute a suit to enforce his or her lien within ________ days after service of such notice will be extinguished automatically. - ANSWER 60 23. The payment bond is required to ______ an owner under s. 713.23 must be furnished by the contractor in at least the amount of the original contract price before commencing the construction of the improvement under the direct contract. - ANSWER exempt 24. A copy the payment bond must be attached to the Notice of Commencement when it is _______. - ANSWER recorded 25. Employee Linda was paid a gross total wage of $63,500 last year. The total amount withheld from her pay for Medicare and Social Security was ____. A. $4,295 B. $4,403 C. $4,858 D. $5,002 - ANSWER C. $4,858 26. A contract will not be enforced if it is ___. A. Oral B. Illegal C. No work is accomplished for 90 days D. All of the above - ANSWER B. Illegal 27. The type of insurance that covers the contractor for losses of material in transit or at temporary storage facilities is known as ___ insurance. A. Liability B. Builders Risk C. Auto Liability D. Fidelity Bond - ANSWER B. Builders Risk 28. The ____ has the duty to record and post a Notice of Commencement to improve real property. A. Owner B. Agent C. Contractor D. Any of the above - ANSWER A. Owner 29. If at all possible, sling angles should be kept greater than ____ degrees. A. 25 B. 45 C. 60 D. 90 - ANSWER B. 45 30. The type of contract where in the contractor agrees to carry out a stipulated job in exchange for a fixed sum of money is a _____ contract. A. Cost plus fixed B. Lump Sum C. GMP D. Cost plus - ANSWER B. Lump Sum 31. When a contractor has to perform extra work for a subcontractor, he will recover the cost in the form of a _____. A. Change Order B. Back charge C. Bond Payment D. Addendum - ANSWER B. Back Charge