5/25/25, 1:07 PM FL Business and Finance Practice Test
FL Business and Finance Practice Test\LATEST VERSION
\\COMPLETE QUESTIONS AND ACCURATE
ANSWERS (VERIFIED ANSWERS) RATED A+
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
1/27
,5/25/25, 1:07 PM FL Business and Finance Practice Test
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
_ ____________ _. A.
architect 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
NOT exempt from chapter 489.103 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
2/27
, 5/25/25, 1:07 PM FL Business and Finance Practice Test
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 Answer: C. $12,500 CM 4-18 Graduated scale: 1st-
class "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 Answer D. 90 - CM 2-96 , 489.129.1.j
considered 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
3/27
FL Business and Finance Practice Test\LATEST VERSION
\\COMPLETE QUESTIONS AND ACCURATE
ANSWERS (VERIFIED ANSWERS) RATED A+
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
1/27
,5/25/25, 1:07 PM FL Business and Finance Practice Test
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
_ ____________ _. A.
architect 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
NOT exempt from chapter 489.103 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
2/27
, 5/25/25, 1:07 PM FL Business and Finance Practice Test
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 Answer: C. $12,500 CM 4-18 Graduated scale: 1st-
class "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 Answer D. 90 - CM 2-96 , 489.129.1.j
considered 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
3/27
