CMS SURVEY EXAM ACTUAL UPDATE QUESTIONS AND
VERIFIED ANSWERS
You have _____ days to replace a qualified employee.
a. 10
b. 30
c. 60
d. 90 - ANSWER 30
Which of the following is included in company overhead?
a.Advertising
b. Equipment
c. Project Payroll
d. Supervisor salary - ANSWER Advertising
A quorum shall consist of _____ members of the Nevada State Contractors Board.
a. 3
b. 4
c. 5
d. 7 - ANSWER 4
A death must be reported to OSHA within ______.
a. 1 hour
b. 8 hours
,c. 24 hours
d. 3 days - ANSWER 8 hours
What summarizes profit making activities over a specific period of time?
a. Profit & Loss schedule
b. Critical Path schedule
c. Cash Disbursement Schedule
d. Cash Flow Schedule - ANSWER Profit & Loss schedule
What a general building contractor does not need to tell a customer with they have a contract?
a. names of his sub contractors
b. names of material suppliers
c. answers a &b are correct
d. names of individual laborers on the project - ANSWER names of individual laborers on the
project
The disadvantage of cash basis accounting versus accrual basis accounting is what?
a. the cash basis will show what had been collected and paid out, but not what has been earned
b. nothing
c. the cash basis is easiest form to maintain
d. cash basis records income when money is recieved - ANSWER the cash basis will show what
had been collected and paid out, but not what has been earned
The term week week in the FLSA is defined as what?
a. 40 hours
b. 168 hours
c. whatever the employer sets it as
, d. any of the above - ANSWER 168 hours
Youths age _____ may perform any nonhazardous job, for unlimited hours.
a. 18
b. 19
c. 20
d. 16 and 17 - ANSWER 16 and 17
Violators of child labor law provisions are subject to civil penalty of up to ______ each employee
subject to violation?
a. $11,000
b. $1,000
c. $5,000
d. $70,000 - ANSWER $11,000
The simplest form o business organization is:
a. sole prop.
b. partnership
c. corporation
d. LLC - ANSWER sole prop.
According to the FLSA, a workweek is a period of ____ hours.
a. 40
b. 24
c. 8
d. 168 - ANSWER 168
VERIFIED ANSWERS
You have _____ days to replace a qualified employee.
a. 10
b. 30
c. 60
d. 90 - ANSWER 30
Which of the following is included in company overhead?
a.Advertising
b. Equipment
c. Project Payroll
d. Supervisor salary - ANSWER Advertising
A quorum shall consist of _____ members of the Nevada State Contractors Board.
a. 3
b. 4
c. 5
d. 7 - ANSWER 4
A death must be reported to OSHA within ______.
a. 1 hour
b. 8 hours
,c. 24 hours
d. 3 days - ANSWER 8 hours
What summarizes profit making activities over a specific period of time?
a. Profit & Loss schedule
b. Critical Path schedule
c. Cash Disbursement Schedule
d. Cash Flow Schedule - ANSWER Profit & Loss schedule
What a general building contractor does not need to tell a customer with they have a contract?
a. names of his sub contractors
b. names of material suppliers
c. answers a &b are correct
d. names of individual laborers on the project - ANSWER names of individual laborers on the
project
The disadvantage of cash basis accounting versus accrual basis accounting is what?
a. the cash basis will show what had been collected and paid out, but not what has been earned
b. nothing
c. the cash basis is easiest form to maintain
d. cash basis records income when money is recieved - ANSWER the cash basis will show what
had been collected and paid out, but not what has been earned
The term week week in the FLSA is defined as what?
a. 40 hours
b. 168 hours
c. whatever the employer sets it as
, d. any of the above - ANSWER 168 hours
Youths age _____ may perform any nonhazardous job, for unlimited hours.
a. 18
b. 19
c. 20
d. 16 and 17 - ANSWER 16 and 17
Violators of child labor law provisions are subject to civil penalty of up to ______ each employee
subject to violation?
a. $11,000
b. $1,000
c. $5,000
d. $70,000 - ANSWER $11,000
The simplest form o business organization is:
a. sole prop.
b. partnership
c. corporation
d. LLC - ANSWER sole prop.
According to the FLSA, a workweek is a period of ____ hours.
a. 40
b. 24
c. 8
d. 168 - ANSWER 168
