FL Business and Finance Practice Test FINAL EXAM REVIEW WITH EXAM QUESTIONS AND CORRECT SOLUTIONS UPDATED 2025/2026 ALREADY GRADED!!100% GUARANTEED PASS!!!BRAND NEW VERSION

FL Business and Finance Practice Test FINAL EXAM REVIEW WITH EXAM QUESTIONS AND CORRECT SOLUTIONS UPDATED 2025/2026 ALREADY GRADED!!100% GUARANTEED PASS!!!BRAND NEW VERSION Which is of the following is not true regarding the requirement to notify the State? a. Notification of address change must be made within 15 days b. Notification of address change must be made within 30 days c. Notification of change of affiliation of qualifying agent must be made within 30 days d. Notification of change of certificate holder or registrant must be made within 45 days - ANSWER Answer: a. Notification of address change must be made within 15 days FALSE 30 days CM 2-159 INDEX/LICENSING/FINANCIAL RESPONSIBILITY What can the Board do with the $5.00 fee included in the current licensee fee? a. Educate the public regarding unlicensed activity b. Transfer the funds to the State of Florida's general budget account c. Subsidize the application fee for applicants from the indigent community d. Reimburse the public when damaged by unlicensed workers - ANSWER Answer: a. Educate the public regarding unlicensed activity FS455.2281 UNLICENSED ACTIVITIES AND FEES Where should OSHA records be located when employees are not associated with a fixed establishment? a. At the nearest fixed location b. At field offices or mobile base operation locations c. At the corporate office d. Where the employees report to work each day - ANSWER Answer: b. At field offices or mobile base operation locations CM 7-15 INDEX/OSHA/LOCATION OF RECORDS What penalty is imposed for failure or refusal of an employer or carrier to report any form or notice associated with a death as required by Chapter 440, Workers Compensation Laws? a. Fine not to exceed $1000 b. Fine not to exceed $1500 c. Fine not to exceed $500 d. Fine not to exceed $500 for the first failure and not to exceed $2000 for each subsequent failure - ANSWER Answer: c. Fine not to exceed $500 CM 5-54/ 6-165 INDEX/WC/PENALTIES & ACTS/WC ACT Which of the following is not true regarding posting a Notice of Commencement? a. When a loan exists, it is the contractor's responsibly to post the notice b. It may be posted no sooner than 90 days prior to the start of work at the site c. The owner is obligated to post a copy at the site d. The posted notice always needs to remain on site - ANSWER Answer: a. When a loan exists, it is the contractor's responsibly to post the notice INDEX/LIEN/NOTICE OF COMMENCEMENT/ What would be the total maximum allowable penalty for an employer who committed a willful or repeated violation of OSHA regulations and failed to comply with OSHA mandated posting requirements? a. $124,471 b. $136,942 c. $142,180 d. $124,942 - ANSWER Answer: b. $136,942 INDEX/ OSHA/PENALTIES - Note question has 2 penalties 124471 plus 12471 = 136942 The department, for the boards under its jurisdiction, shall have the authority to close and terminate deficient license applications files ______ year (s) after the board or the department notifies the applicant of the deficiency. A. 1 B. 2 C. 3 D. 4 - ANSWER Answer B. 2 FS455.203.10.a At least ______________ days before the ned of a licensure cycle, the department shall forward notice of pending cancellation of licensure to a delinquent status licensee at the license's last know address of record or email provided to the department. A. 15 B. 30 C. 60 D. 90 - ANSWER Answer: D. 90 - FS455.273.2 The ______________________ is an estimating method that is NOT recommended for lump sum contracts. A. approximate estimated method B. detailed survey method C. square footage method D. unit price method - ANSWER Answer: C. square footage method CM 10-12