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CLASS A & B LICENSE PREP MOST TESTED QUESTIONS
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What is the term used for the method of allocating the cost of an asset over its useful life?
Depreciation
Long-term liability
Cash flow
Budget - CORRECT ANSWER-Depreciation
Under Virginia law, employers who regularly employ three or more full-time or part-time employees
must purchase and maintain ___ insurance.
General Liability
Workers' Compensation Insurance
All-Risk Builders' Risk Insurance
Commercial Auto Insurance - CORRECT ANSWER-Workers' Compensation Insurance
The rules and regulations of the Americans with Disabilities Act (ADA) apply to all employers with a
minimum of how many employees?
15
1
20
10 - CORRECT ANSWER-15
Before hiring employees, you must have a(n) ___ issued by the IRS.
W-9
,940-EZ Form
EIN - Employer Identification Number
15-T Employee Form - CORRECT ANSWER-EIN - Employer Identification Number
A contractor has delivered the Lead Pre-Notification pamphlet to each family in an old apartment
building prior to performing renovations. Confirmation of the receipt of delivery must be be kept for
___?
30 years
5 years
3 years
Not required to keep confirmation - CORRECT ANSWER-3 years
What is the number of hours in a defined Fair Labor Standards Act (FLSA) workweek?
5 days
168 hours
40 hours
7 days - CORRECT ANSWER-168 hours
OSHA records must be kept by the employer for ____ following the year to which they pertain.
One year
Three years
Seven years
Five years - CORRECT ANSWER-Five years
What is the coverage of a surety bond?
Guarantees that the successful bidder will enter into the project
Protects the owner from liens from suppliers and subcontractors
Protects the contractor from nonpayment by the owner
, Binds the contractor to comply with the terms and conditions of a contract - CORRECT ANSWER-
Binds the contractor to comply with the terms and conditions of a contract
What may be deducted from a paycheck under the provisions of the Virginia Payment of Wage Law?
Shortages from the petty cash box
Virginia Unemployment Tax
Garnishments
Payment for damages cause by the employee - CORRECT ANSWER-Garnishments
Which part of the construction documents outline specific details, materials, dimensions and
installation requirements for specific items?
Detailed shop drawings
Material specifications
Building code commentary
Bid documents - CORRECT ANSWER-Detailed shop drawings
Which two types of bonds are required on all federal projects?
Performance and permit bonds
Liquidated damages and difference in price bonds
Payment and lien bonds
Payment and performance bonds - CORRECT ANSWER-Payment and performance bonds
In addition to OSHA, employers in VA must comply with ___ standards.
EPA standards
Virginia Occupational Safety and Health Act
NIOSH
There are no additional requirements - CORRECT ANSWER-Virginia Occupational Safety and Health
Act
The OSHA standards that apply to the construction industry are ____ and should be part of a safety
training program.
Combined under OSHA General Standards