CA Contractor's Law and Business
Why would there be a difference between the actual inventory and the
inventory shown
on
paper?
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Itanswer A.
is a common occurrence because of factors such as theft, natural loss, and
mistakes.
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answer
You B. underestimate what you have in
always
inventory.
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answer
You C.
calculated what you have in inventory by subtracting only what
goes into the
finished
product.
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answer
There D. is a substantial difference. correct
never
answers A
What is the biggest problem facing new contractors when trying
to obtain a
"Performance" or "Bid"
bond
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answer
they A. have a
don't
broker
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answer
no prior B.
track
record
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answer C.
poor
credit
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answer
none D. above correct
of the
answers B
The minimum fine for unlawful asbestos
removal is:
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answer A.
$1,00
0
, Click here to select
answer B.
$3,00
0
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answer C.
$5,00
0
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answer correct
$7,000 D.
answers A
When can a contractor accept a job where the owner does not have a
pre-approved
loan
?
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answer
When A. is an emergency situation and the owner has a high income
there
and good
credi
t.
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answer
When B.owner has bad
the
credit.
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answer
When C.owner has an amount in the bank equal to the
the
contract cost.
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answer
When D.owner seems kind and has an honest reputation. correct
the
answers A
Is the Form 1099-MISC required for a corporation that provided $600 in
services as an
independent contractor during the calendar
year?
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answer
Yes. FormA.1099-MISC is required because the corporation is an independent
contractor
that was paid $500 or
more.
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answer
No. FormB.1099-MISC is not required unless an independent contractor is
paid over
$1,000 in a calendar
year.
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answer
No. FormC.1099-MISC is not required for corporations with certain
exceptions.
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answer D.
,Yes. Form 1099-MISC is required for all individuals, partnerships, and
corporations
provided that as an independent contractor during the calendar
services
year. correct
answers
C
A contractor sues an owner for refusing to make final payment after
the job was The owner is demanding changes. What could the contractor
completed.
have done
prevent theto
lawsuit?
Click here to select
answer
The A.
contractor could have asked the workers to
testify.
Click here to select
answer
The B.
contractor could have walked the job with the owner and had the
owner sign a job
completion
form.
Click here to select
answer
The C.
contractor could have just walked the job with
the owner.
Click here to select
answer
All of theD.above. correct
answers B
How can a new employee learn about the safety record of a
company?
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answer
The A.
employer must post a summary record of job-related injuries and
illnesses once a
year
.
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answer
View B.
a Cal/OSHA safety video
tape.
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answer
Call C.
the Cal/OSHA consultant
services.
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answer
None of D.
the above. correct
answers A
Insurance Requirements for Public Works projects, the insurance must
provide:
Click here to select
answer A.
, Workers' Compensation as required by the Labor of the State of
California and
Employers Liability
Insurance
Click here to select
answer B. general liability
Commercial
coverage
Click here to select
answer C. Liability for all owned and non-owned and hired
Automobile
automobiles
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answer
All of theD.above. correct
answers D
Of the following, who may file a
mechanics' lien?
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answer A.
manufacturers of construction materials and
subcontractors
Click here to select
answer B.
manufacturers of construction materials and
clients
Click here to select
answerand
clients C.
subcontractors
Click here to select
answer D.and subcontractors correct
architects
answers D
Every original license, except an additional classification issued shall be a
probationary
license
until:
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answer
the A. is
license
renewed
Click here to select
answer B. is brought to the attention of the registrar, during such
information
probationary
regarding anyperiod,
act or omission of the licensee constituting grounds for denial,
revocation,
or suspension of an application or
license.
Click here to select
Aanswer
& C.
B
Click here to select
answer
None of D.
the above. correct
answers C
Why would there be a difference between the actual inventory and the
inventory shown
on
paper?
Click here to select
Itanswer A.
is a common occurrence because of factors such as theft, natural loss, and
mistakes.
Click here to select
answer
You B. underestimate what you have in
always
inventory.
Click here to select
answer
You C.
calculated what you have in inventory by subtracting only what
goes into the
finished
product.
Click here to select
answer
There D. is a substantial difference. correct
never
answers A
What is the biggest problem facing new contractors when trying
to obtain a
"Performance" or "Bid"
bond
Click here to select
answer
they A. have a
don't
broker
Click here to select
answer
no prior B.
track
record
Click here to select
answer C.
poor
credit
Click here to select
answer
none D. above correct
of the
answers B
The minimum fine for unlawful asbestos
removal is:
Click here to select
answer A.
$1,00
0
, Click here to select
answer B.
$3,00
0
Click here to select
answer C.
$5,00
0
Click here to select
answer correct
$7,000 D.
answers A
When can a contractor accept a job where the owner does not have a
pre-approved
loan
?
Click here to select
answer
When A. is an emergency situation and the owner has a high income
there
and good
credi
t.
Click here to select
answer
When B.owner has bad
the
credit.
Click here to select
answer
When C.owner has an amount in the bank equal to the
the
contract cost.
Click here to select
answer
When D.owner seems kind and has an honest reputation. correct
the
answers A
Is the Form 1099-MISC required for a corporation that provided $600 in
services as an
independent contractor during the calendar
year?
Click here to select
answer
Yes. FormA.1099-MISC is required because the corporation is an independent
contractor
that was paid $500 or
more.
Click here to select
answer
No. FormB.1099-MISC is not required unless an independent contractor is
paid over
$1,000 in a calendar
year.
Click here to select
answer
No. FormC.1099-MISC is not required for corporations with certain
exceptions.
Click here to select
answer D.
,Yes. Form 1099-MISC is required for all individuals, partnerships, and
corporations
provided that as an independent contractor during the calendar
services
year. correct
answers
C
A contractor sues an owner for refusing to make final payment after
the job was The owner is demanding changes. What could the contractor
completed.
have done
prevent theto
lawsuit?
Click here to select
answer
The A.
contractor could have asked the workers to
testify.
Click here to select
answer
The B.
contractor could have walked the job with the owner and had the
owner sign a job
completion
form.
Click here to select
answer
The C.
contractor could have just walked the job with
the owner.
Click here to select
answer
All of theD.above. correct
answers B
How can a new employee learn about the safety record of a
company?
Click here to select
answer
The A.
employer must post a summary record of job-related injuries and
illnesses once a
year
.
Click here to select
answer
View B.
a Cal/OSHA safety video
tape.
Click here to select
answer
Call C.
the Cal/OSHA consultant
services.
Click here to select
answer
None of D.
the above. correct
answers A
Insurance Requirements for Public Works projects, the insurance must
provide:
Click here to select
answer A.
, Workers' Compensation as required by the Labor of the State of
California and
Employers Liability
Insurance
Click here to select
answer B. general liability
Commercial
coverage
Click here to select
answer C. Liability for all owned and non-owned and hired
Automobile
automobiles
Click here to select
answer
All of theD.above. correct
answers D
Of the following, who may file a
mechanics' lien?
Click here to select
answer A.
manufacturers of construction materials and
subcontractors
Click here to select
answer B.
manufacturers of construction materials and
clients
Click here to select
answerand
clients C.
subcontractors
Click here to select
answer D.and subcontractors correct
architects
answers D
Every original license, except an additional classification issued shall be a
probationary
license
until:
Click here to select
answer
the A. is
license
renewed
Click here to select
answer B. is brought to the attention of the registrar, during such
information
probationary
regarding anyperiod,
act or omission of the licensee constituting grounds for denial,
revocation,
or suspension of an application or
license.
Click here to select
Aanswer
& C.
B
Click here to select
answer
None of D.
the above. correct
answers C
