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Nevada Contractors License Law Portion | Study Guide Questions & Verified Answers with Grade A+) 2025 | 2026 Latest Update.

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Nevada Contractors License Law Portion | Study Guide Questions & Verified Answers with Grade A+) 2025 | 2026 Latest Update. Quiz_________________? You have ____ days to replace a qualified employee? (pg.135) - Answer 30 Quiz_________________? Which of the following is included in company overhead? - Answer Advertising Quiz_________________? A quorum shall consist of ___ members of the Nevada State Contractors Board. (NRS 624-090) - Answer 4 Quiz_________________? A death must be reported to OSHA within____ (pg 63) - Answer 8 hours Quiz_________________? What summarizes profit making activities over a specific period of time? (pg 90) - Answer Profit and Loss schedule Quiz_________________? What general building contractor does not need to tell a customer with they have a contractor (NRS 624.600) - Answer Names of individual laborers on the project Quiz_________________? The disadvantage of cash basis accounting versus accrual basis accounting is? (pg85) - Answer The cash basis will show what had been collected and paid out, but not what has been earned Quiz_________________? The term "work week" in the FLSA is defined as? (pg47) - Answer 168 hours Quiz_________________? Youths age ___ may perform any nonhazardous job, for limited hours. (pg.47) - Answer 16 and 17 Quiz_________________? Violators of child labor law provisions are subject to civil penalty of up to ___ each employee subject to violation? (pg. 49) - Answer 11,000.00 Quiz_________________? The simplest form of business organization is (pg 4) - Answer Sole prop. Quiz_________________? Which of the following equations will give you your current ratio? (pg 92) - Answer Current assets / current liabilities

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September 20, 2025
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Written in
2025/2026
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Quiz_________________?

You have ____ days to replace a qualified employee? (pg.135) -

Answer✅

30



Quiz_________________?

Which of the following is included in company overhead? -

Answer✅

Advertising



Quiz_________________?

A quorum shall consist of ___ members of the Nevada State Contractors Board. (NRS 624-
090) -

Answer✅

4



Quiz_________________?

A death must be reported to OSHA within____ (pg 63) -

Answer✅



1

,8 hours



Quiz_________________?

What summarizes profit making activities over a specific period of time? (pg 90) -

Answer✅

Profit and Loss schedule



Quiz_________________?

What general building contractor does not need to tell a customer with they have a
contractor (NRS 624.600) -

Answer✅

Names of individual laborers on the project



Quiz_________________?

The disadvantage of cash basis accounting versus accrual basis accounting is? (pg85) -

Answer✅

The cash basis will show what had been collected and paid out, but not what has been
earned



Quiz_________________?

The term "work week" in the FLSA is defined as? (pg47) -

Answer✅

168 hours



Quiz_________________?

Youths age ___ may perform any nonhazardous job, for limited hours. (pg.47) -

Answer✅

16 and 17



2

, Quiz_________________?

Violators of child labor law provisions are subject to civil penalty of up to ___ each
employee subject to violation? (pg. 49) -

Answer✅

11,000.00



Quiz_________________?

The simplest form of business organization is (pg 4) -

Answer✅

Sole prop.



Quiz_________________?

Which of the following equations will give you your current ratio? (pg 92) -

Answer✅

Current assets / current liabilities



Quiz_________________?

After your employee makes ___ in one year, you stop deducting FUTA. (pg 39) -

Answer✅

7,000.00



Quiz_________________?

IRS Publication 15 is also known as ____ (pg 38) -

Answer✅

Circular E



Quiz_________________?

Records for federal employment taxed must be kept for a minimum of ___ (pg 33) -



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