Utah Contractor Exam (Real) Questions and Answers

Depreciation is taken on which of the company's assets? a. Loans b. Current assets c. Fixed assets d. None of the above - collect answer-C ... Explanation: Depreciation is counted from fixed assets. A private employer who employs __ or more people as of July 1, 2010, may not hire a new employee unless the employer is registered with and uses a status verification system such as E -Verify to verify the federal legal working status of any new employee. a. 5 b. 10 c. 15 d. 1 - collect answer-C ... Explanation: A private employer who employs 15 or more people as of July 1, 2010, may not hire a new employee unless the employer is registered with and uses a status verification system such as E -Verify to verify the federal legal working status of any new employee. If a contractor decides to increase the contract price, the contractor: a. Should get a loan from the bank b. May request assistance from the subcontractor c. And the owner must agree to a written and signed change order d. Should request the building inspector to revise the specifications - collect answer-C ... Explanation: A written and signed change order can allow the contractor to change a contract price. If a subcontractor signs an unconditional waiver and release, this would imply that a: a. Subcontractor cannot ask anything more of the owner b. Owner cannot ask anything