2025 BUSINESS AND FINANCE
PRACTICE EXAM 1 EXAM PRO 125
QUESTIONS WITH COMPLETE
SOLUTIONS!!
1 of 125
Term
Which of the following documents are required to be on site for the
owner?
Drawings
Specifications
Change orders
All of the above
Give this one a try later!
, D B
AIA 201 3.11 BGA 327 or 252
D A
Manual 9-20 Manual 4-13
Don't know?
2 of 125
Term
A properly registered fictitious name is valid for_____.
A. 1 year
B. 2 years
C. 3 years
D. 5 years
Give this one a try later!
D D
Manual 2-78 Manual 1-15
D D
Manual 5-15 Manual 10-64
Don't know?
3 of 125
,Term
Which type of bond is a guarantee to the owner that the project will
be completed according to the terms and conditions specified
in the contract?
A. Payment bond
B. Bid bond
C. Performance bond
D. Completion Bond
Give this one a try later!
C A
Manual 4-14 Manual 4-8
C D
Manual 7-16 Manual 2-68
Don't know?
, 4 of 125
Term
Which of the following must be true for a person to qualify for a
state certification of competency?
A. be a resident of the state of Florida
B. be a minimum on 21 years of age
C. be of good moral character and submit a financial statement D.
be of good moral character, be at least 18 years of age and pass an
examination
Give this one a try later!
D D
Manual 2-74 Manual 9-20
D D
Manual 3-49 Manual 2-68
Don't know?
5 of 125
Term
According to AIA document A-401 the contractor shall pay the
subcontractor each progress payment And the final payment
within______ days after he receives payment from the owner.
A. 3
B. 5
PRACTICE EXAM 1 EXAM PRO 125
QUESTIONS WITH COMPLETE
SOLUTIONS!!
1 of 125
Term
Which of the following documents are required to be on site for the
owner?
Drawings
Specifications
Change orders
All of the above
Give this one a try later!
, D B
AIA 201 3.11 BGA 327 or 252
D A
Manual 9-20 Manual 4-13
Don't know?
2 of 125
Term
A properly registered fictitious name is valid for_____.
A. 1 year
B. 2 years
C. 3 years
D. 5 years
Give this one a try later!
D D
Manual 2-78 Manual 1-15
D D
Manual 5-15 Manual 10-64
Don't know?
3 of 125
,Term
Which type of bond is a guarantee to the owner that the project will
be completed according to the terms and conditions specified
in the contract?
A. Payment bond
B. Bid bond
C. Performance bond
D. Completion Bond
Give this one a try later!
C A
Manual 4-14 Manual 4-8
C D
Manual 7-16 Manual 2-68
Don't know?
, 4 of 125
Term
Which of the following must be true for a person to qualify for a
state certification of competency?
A. be a resident of the state of Florida
B. be a minimum on 21 years of age
C. be of good moral character and submit a financial statement D.
be of good moral character, be at least 18 years of age and pass an
examination
Give this one a try later!
D D
Manual 2-74 Manual 9-20
D D
Manual 3-49 Manual 2-68
Don't know?
5 of 125
Term
According to AIA document A-401 the contractor shall pay the
subcontractor each progress payment And the final payment
within______ days after he receives payment from the owner.
A. 3
B. 5
