100 Practice Questions for the Florida Contractors Manual Questions with Correct Answers 2025/2026

100 Practice Questions for the Florida
Contractors Manual Questions with
Correct Answers 2025/2026

A properly registered fictitious name is valid for



A. 1 year

B. 2 years

C. 3 years

D. 5 years - CORRECT ANSWER -D. 5 years

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Which of the following would have jurisdiction over dredging or excavation of navigable waters
and wetlands?



A. U.S. Dept. of the Interior

B. Florida Dept. of State

C. Florida Dept.of Transportation

D. U.S Army Corps of Engineers - CORRECT ANSWER -D. U.S Army Corps of Engineers

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The name of the form which is used to apply for sales tax is?



A. W2

B. DR-1

C. S1

,D. W4 - CORRECT ANSWER -B. DR-1

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Which of the following is NOT true about a fictitious name registration?



A. Valid for 5 years.

B. The fictitious name must be advertised at least one time.

C. If a change of ownership occurs, the owner(s) of record must file a cancellation and registrati
on within 45 days of filing,

D. Fictitious name registration must be renewed between July 1 and December 31 in the expirat
ion year. - CORRECT ANSWER -
C. If a change of ownership occurs, the owner(s) of record must file a cancellation and registrati
on within 45 days of filing,

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Three partners, Noah, Evan & Steven form a partnership. Noah invests $30,000; Steven invests $
20,000 and Evan invests $15,000. In addition, Noah performs specific management functions for
which he is paid $5,000 from the partnership proceeds. If the partnership earns $244,000, how
much will Noah receive?



A. Less than $70,000

B. Between $70,000 -$90,000

C. Between $90,000-$110,000

D. More than $110,000 - CORRECT ANSWER -D. More than $110,000

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If the above partnership were dissolved, showing a net loss of $60,000, how much would Noah
owe?

,A. $60,000

B. $4,666

C. $20,000

D. $0.00 - CORRECT ANSWER -A. $60,000

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According to the Contractor's Manual, starting capital should be enough to cover living expense
s for between which of the following?



A. 3 months to a year

B. 6 months to a year

C. 9 months to a year

D. at least a year - CORRECT ANSWER -A. 3 months to a year

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A Partnership will be dissolved if which of the following applies?



A. UnlawfuI Activity

B. Failing to have a primary qualifying agent

C. A court decree under the partnership act

D. A and C 1-29 - CORRECT ANSWER -D. A and C 1-29

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Which of the following is NOT characteristicBabout a General and Limited Partnership?

, A. The limited partnership has two types of partners; a partnership only one.

B. The general partners of a limited partnership have limited personal liability; the partners of a
partnership do not.

C. In a limited partnership the limited partners have no management responsibility.

D. The general partner has joint and several liability; the limited partner does not -
CORRECT ANSWER -
C. In a limited partnership the limited partners have no management responsibility.

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Which of the following is NOT true about a sole proprietor, a/k/a DBA, operating a business in hi
s own name?



A. A business fictitious name filing is necessary.

B. A business Tax Identification Number filing is necessary.

C. Neither A nor B

D. Both A and B - CORRECT ANSWER -D. Both A and B

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Which of the following is an advantage of owning a corporation?



A. Continuity of existence.

B. Lack of centralized control.

C. sharing of ideas and management responsibility.

D. Easier to create. - CORRECT ANSWER -A. Continuity of existence.

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