FL Business and Finance Practice Test / Q-Bank /
Complete Accurate Quizzes with Verified Answers /
.
Terms in this set (74)
The owner must prove Answer: C. 7 - AIA 701.6.2
financial capability no
later than ________ days prior
to the expiration of the
time for withdrawal of
bids. A. 3 B. 5 C.7 D.30
How many copies of the Answer: A. 1 - AIA201 2.3.6
plans and specifications
shall the contractor
maintain on site? A. 1 B. 2
C. 3 D. 4
Contracts entered into by Answer: D. are unenforceable - CM 2-94 489.128
unlicensed contractors
________________. A. are immoral
B.are illegal C. are
enforceable D. are
unenforceable
The subcontractor agrees Answer: C. A & B are correct - AIA 401.4.2.5
that all work shall be done
subject to the final
approval of the
______________________
.architect
A. B. contractor C.
both A & B are correct D.
none of the above
,Which of the following is Answer B. Owners of property $85,000 - CM 2-63 489.103
NOT exempt from chapter Limit is $75,000.
489? A. An employee of a
licensee who is subordinate
of a construction licensee
acting within the scope. B.
Owners of a property with a
cost of $85,000. C.
Contractors in work on
bridges and roads. D.
Anybody doing work of a
minor nature - less $1,000 or
less.
The architect has the sole Answer: C. any minor change in work - AIA 201 7.1.2
responsibility for ordering
__________________. A.
Change orders B.
Construction change
directives C. any minor
change of work D. any
changes whatsoever
When considering the Answer: B. Demographic Makeup - CM 1-15
location of your office,
which of the following is
not a consideration? A.
Zoning Ordinances B.
Demographic makeup of
community C. Building
Permits D. Flood Prone
Area Maps
,The bonding cost for a class Answer: C. $12,500 CM 4-18 Graduated scale: 1st-
"B" contract of 100x25%+ 2,500 2nd 400 x15%+ 6,000 3rd 400x
$900,000 will cost 10%=4,000 Total $12,500
________________. A.
$9,000 B.
$10,000 C. $12,500 D.
$22,500
A project is to be considered Answer D. 90 - CM 2-96 , 489.129.1.j
abandoned
after _________ days if the
contractor just terminates
the project without
notification to the owner and
without cause. A. 30 B.
60 C. 45 D. 90
If, at the end of a quarter, a Answer: A. Add the tax for the next quarter - CM 3-183
contractor's total FUTA tax is
$150, the contractor
_____________________. A.
may
add the tax to the amount
for deposit for the next
quarter B. must deposit the
tax during the 1st month
after the quarter. C.
must deposit the tax during
the 2nd month after the
quarter D. must deposit the
tax during the 3rd month
after the quarter.
,
Complete Accurate Quizzes with Verified Answers /
.
Terms in this set (74)
The owner must prove Answer: C. 7 - AIA 701.6.2
financial capability no
later than ________ days prior
to the expiration of the
time for withdrawal of
bids. A. 3 B. 5 C.7 D.30
How many copies of the Answer: A. 1 - AIA201 2.3.6
plans and specifications
shall the contractor
maintain on site? A. 1 B. 2
C. 3 D. 4
Contracts entered into by Answer: D. are unenforceable - CM 2-94 489.128
unlicensed contractors
________________. A. are immoral
B.are illegal C. are
enforceable D. are
unenforceable
The subcontractor agrees Answer: C. A & B are correct - AIA 401.4.2.5
that all work shall be done
subject to the final
approval of the
______________________
.architect
A. B. contractor C.
both A & B are correct D.
none of the above
,Which of the following is Answer B. Owners of property $85,000 - CM 2-63 489.103
NOT exempt from chapter Limit is $75,000.
489? A. An employee of a
licensee who is subordinate
of a construction licensee
acting within the scope. B.
Owners of a property with a
cost of $85,000. C.
Contractors in work on
bridges and roads. D.
Anybody doing work of a
minor nature - less $1,000 or
less.
The architect has the sole Answer: C. any minor change in work - AIA 201 7.1.2
responsibility for ordering
__________________. A.
Change orders B.
Construction change
directives C. any minor
change of work D. any
changes whatsoever
When considering the Answer: B. Demographic Makeup - CM 1-15
location of your office,
which of the following is
not a consideration? A.
Zoning Ordinances B.
Demographic makeup of
community C. Building
Permits D. Flood Prone
Area Maps
,The bonding cost for a class Answer: C. $12,500 CM 4-18 Graduated scale: 1st-
"B" contract of 100x25%+ 2,500 2nd 400 x15%+ 6,000 3rd 400x
$900,000 will cost 10%=4,000 Total $12,500
________________. A.
$9,000 B.
$10,000 C. $12,500 D.
$22,500
A project is to be considered Answer D. 90 - CM 2-96 , 489.129.1.j
abandoned
after _________ days if the
contractor just terminates
the project without
notification to the owner and
without cause. A. 30 B.
60 C. 45 D. 90
If, at the end of a quarter, a Answer: A. Add the tax for the next quarter - CM 3-183
contractor's total FUTA tax is
$150, the contractor
_____________________. A.
may
add the tax to the amount
for deposit for the next
quarter B. must deposit the
tax during the 1st month
after the quarter. C.
must deposit the tax during
the 2nd month after the
quarter D. must deposit the
tax during the 3rd month
after the quarter.
,
