Florida Contractors Manual EXAM || 100
QUESTIONS|| CORRECT SOLUTIONS
A properly registered fictitious name is valid for ________________
A. 1 year
B. 2 years
C. 3 years
D. 5 years - ANSWER D. 5 years
1-15
Which of the following would have jurisdiction over dredging or excavation of navigable waters and
wetlands?
A. U.S. Dept. of the Interior
B. Florida Dept. of State
C. Florida Dept.of Transportation
D. U.S Army Corps of Engineers - ANSWER D. U.S Army Corps of Engineers
1-16
The name of the form which is used to apply for sales tax is?
A. W2
B. DR-1
C. S1
D. W4 - ANSWER B. DR-1
1-21
, Which of the following is NOT true about a fictitious name registration?
A. Valid for 5 years.
B. The fictitious name must be advertised at least one time.
C. If a change of ownership occurs, the owner(s) of record must file a cancellation and registration within
45 days of filing,
D. Fictitious name registration must be renewed between July 1 and December 31 in the expiration year.
- ANSWER C. If a change of ownership occurs, the owner(s) of record must file a cancellation and
registration within 45 days of filing,
1-15
Three partners, Noah, Evan & Steven form a partnership. Noah invests $30,000; Steven invests $20,000
and Evan invests $15,000. In addition, Noah performs specific management functions for which he is
paid $5,000 from the partnership proceeds. If the partnership earns $244,000, how much will Noah
receive?
A. Less than $70,000
B. Between $70,000 -$90,000
C. Between $90,000-$110,000
D. More than $110,000 - ANSWER D. More than $110,000
1-12
If the above partnership were dissolved, showing a net loss of $60,000, how much would Noah owe?
A. $60,000
B. $4,666
C. $20,000
D. $0.00 - ANSWER A. $60,000
1-13
, According to the Contractor's Manual, starting capital should be enough to cover living expenses for
between which of the following?
A. 3 months to a year
B. 6 months to a year
C. 9 months to a year
D. at least a year - ANSWER A. 3 months to a year
1-17
Unlicensed practice of a profession is punishable by an administrative penalty not to exceed _______.
A. $500
B. $1,000
C. $5,000
D. $12,500 - ANSWER C. $5,000
455.228(1)
Which of the following applies to a qualifying agent of corporation?
a. He is only qualified to act for the business during normal working hours
b. He is qualified to act for the corporation in all matters connected with its construction business
c. He does have authority to supervise in all areas of the company's business
d. None of the above - ANSWER b. He is qualified to act for the corporation in all matters connected with
its construction business
489.119
If a contractor is disciplined by the board and is the qualifying agent for a business organization and the
violation was performed in connection with a construction project undertaken by that business
organization, the board may impose an additional administrative fine not to exceed___________ against
QUESTIONS|| CORRECT SOLUTIONS
A properly registered fictitious name is valid for ________________
A. 1 year
B. 2 years
C. 3 years
D. 5 years - ANSWER D. 5 years
1-15
Which of the following would have jurisdiction over dredging or excavation of navigable waters and
wetlands?
A. U.S. Dept. of the Interior
B. Florida Dept. of State
C. Florida Dept.of Transportation
D. U.S Army Corps of Engineers - ANSWER D. U.S Army Corps of Engineers
1-16
The name of the form which is used to apply for sales tax is?
A. W2
B. DR-1
C. S1
D. W4 - ANSWER B. DR-1
1-21
, Which of the following is NOT true about a fictitious name registration?
A. Valid for 5 years.
B. The fictitious name must be advertised at least one time.
C. If a change of ownership occurs, the owner(s) of record must file a cancellation and registration within
45 days of filing,
D. Fictitious name registration must be renewed between July 1 and December 31 in the expiration year.
- ANSWER C. If a change of ownership occurs, the owner(s) of record must file a cancellation and
registration within 45 days of filing,
1-15
Three partners, Noah, Evan & Steven form a partnership. Noah invests $30,000; Steven invests $20,000
and Evan invests $15,000. In addition, Noah performs specific management functions for which he is
paid $5,000 from the partnership proceeds. If the partnership earns $244,000, how much will Noah
receive?
A. Less than $70,000
B. Between $70,000 -$90,000
C. Between $90,000-$110,000
D. More than $110,000 - ANSWER D. More than $110,000
1-12
If the above partnership were dissolved, showing a net loss of $60,000, how much would Noah owe?
A. $60,000
B. $4,666
C. $20,000
D. $0.00 - ANSWER A. $60,000
1-13
, According to the Contractor's Manual, starting capital should be enough to cover living expenses for
between which of the following?
A. 3 months to a year
B. 6 months to a year
C. 9 months to a year
D. at least a year - ANSWER A. 3 months to a year
1-17
Unlicensed practice of a profession is punishable by an administrative penalty not to exceed _______.
A. $500
B. $1,000
C. $5,000
D. $12,500 - ANSWER C. $5,000
455.228(1)
Which of the following applies to a qualifying agent of corporation?
a. He is only qualified to act for the business during normal working hours
b. He is qualified to act for the corporation in all matters connected with its construction business
c. He does have authority to supervise in all areas of the company's business
d. None of the above - ANSWER b. He is qualified to act for the corporation in all matters connected with
its construction business
489.119
If a contractor is disciplined by the board and is the qualifying agent for a business organization and the
violation was performed in connection with a construction project undertaken by that business
organization, the board may impose an additional administrative fine not to exceed___________ against
