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Exam (elaborations)

UTAH GENERAL CONTRACTOR'S COURSE - BUSINESS AND LAW EXAM PREP 2025 QUESTIONS WITH COMPLETE SOLUTIONS!!

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UTAH GENERAL CONTRACTOR'S COURSE - BUSINESS AND LAW EXAM PREP 2025 QUESTIONS WITH COMPLETE SOLUTIONS!!

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UTAH GENERAL CONTRACTOR'S
COURSE - BUSINESS AND LAW EXAM
PREP 2025 QUESTIONS WITH
COMPLETE SOLUTIONS!!




1 of 206

Term



Employers located inside of Utah who pay wages, and employers located
outside of Utah who pay wages to Utah residents, must register with the
Utah State Tax Commission to get a state
withholding tax account.



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True Secretary of State

, $50,000 General Engineering Contractor


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2 of 206

Term


Public bids are regulated by law, and require notice be given to all
interested and qualified parties.



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True False




$1,000 1,500


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3 of 206

Term


Who pays for workers' compensation insurance?



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trade unions the state government

, the employer the government


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4 of 206

Term


Notes payable, accounts payable, unpaid wages and taxes due
are all examples of______________.



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Deferred Liabilities Long-Term Liabilities




Fixed Liabilities Current Liabilities


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5 of 206

Term


________ are miscellaneous changes in the contract that predetermine
how important issues involved in a lawsuit will be addressed.



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, Routine Agreements General Terms


Boilerplate Provisions Standard Clauses


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6 of 206

Term


If a person who is required to file a preliminary notice under this
chapter fails to file the preliminary notice, that person may not hold
a valid lien under this chapter.



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pay the current new application fee True




Job Cost System $50,000


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7 of 206

Term


A system of recording and summarizing business and
financial transactions is called _.

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