West Virginia Business Law Practice Exam for Contractors – 2025
Updated Edition | 250+ Verified Questions with Correct Answers &
Explanations | Covers Licensing, Contract Law, Lien Laws, Risk
Management, Business Organization, Employment, Taxation & Safety
Regulations | 100% Pass Guarantee
1. What type of contract requires the contractor to be responsible for both the engineering and
construction of a project?
a. Traditional
b. Design build
c. Turn key
d. Concession -: answers :-b. Design build
2. By what date is an employer required to provide its employees with a W-2?
a. January 31
b. February 15
c. March 31
d. April 15 -: answers :-a. January 31
What type of contract requires the builder to finance, initially own and operate the project, and
then finally transfer the project to the customer after it has recovered its construction costs?
a. Traditional
b. Design Build
c. Turn Key
, d. Concession -: answers :-d. Concession
How many hours can an employee work during a work week without being paid overtime
wages?
a. 32
b. 40
c. 48
d. 56 -: answers :-b. 40
Which of the following statements is TRUE regarding a business general partnership?
a. Partnerships are difficult to organize and complicated to maintain.
b. All general partners are fully responsible for the business actions of the other general
partners.
c. All proceeds from the business are taxed first at the company level, then passed down to the
individual partners.
d. Partnerships required that all proceeds from the business be divided equally among partners.
-: answers :-b. All general partners are fully responsible for the business actions of the other
general partners.
Which of the following contract documents would be seen as having more priority in a contract
dispute than the other documents?
a. General conditions
b. Technical specifications
c. Addendum
d. Change order -: answers :-d. Change order
If multiple liens are filed against the property owner on the same day, which lien holder has
priority?
Updated Edition | 250+ Verified Questions with Correct Answers &
Explanations | Covers Licensing, Contract Law, Lien Laws, Risk
Management, Business Organization, Employment, Taxation & Safety
Regulations | 100% Pass Guarantee
1. What type of contract requires the contractor to be responsible for both the engineering and
construction of a project?
a. Traditional
b. Design build
c. Turn key
d. Concession -: answers :-b. Design build
2. By what date is an employer required to provide its employees with a W-2?
a. January 31
b. February 15
c. March 31
d. April 15 -: answers :-a. January 31
What type of contract requires the builder to finance, initially own and operate the project, and
then finally transfer the project to the customer after it has recovered its construction costs?
a. Traditional
b. Design Build
c. Turn Key
, d. Concession -: answers :-d. Concession
How many hours can an employee work during a work week without being paid overtime
wages?
a. 32
b. 40
c. 48
d. 56 -: answers :-b. 40
Which of the following statements is TRUE regarding a business general partnership?
a. Partnerships are difficult to organize and complicated to maintain.
b. All general partners are fully responsible for the business actions of the other general
partners.
c. All proceeds from the business are taxed first at the company level, then passed down to the
individual partners.
d. Partnerships required that all proceeds from the business be divided equally among partners.
-: answers :-b. All general partners are fully responsible for the business actions of the other
general partners.
Which of the following contract documents would be seen as having more priority in a contract
dispute than the other documents?
a. General conditions
b. Technical specifications
c. Addendum
d. Change order -: answers :-d. Change order
If multiple liens are filed against the property owner on the same day, which lien holder has
priority?
