Part-1, Florida Contractor Exam, ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
(Buisness and Finance) exam with ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
correct answers ||\\||\\
According AIA, the contractor shall pay the subcontractor within ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
_________ days after the contractor receives payment form the
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
owner
||\\||\\
. A. three working
||\\||\\ ||\\||\\ ||\\||\\
B five calendar ||\\||\\ ||\\||\\
C. five working ||\\||\\ ||\\||\\ ||\\||\\
D. seven working - correct answer✔✔D. seven Working days
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
A registered contractor may apply for "grandfathering" as
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
certified contractor after______ years of experience. ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
||\\||\\ A. 2 ||\\||\\
B. 4 ||\\||\\
C. 5 ||\\||\\
D. 10 - correct answer✔✔c. 5 ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
, When making business plan to start up business, it is imperative
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
to know who and where the ______are.
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
A. employees ||\\||\\
B. advertisers
||\\||\\
C. competitors
||\\||\\
D. professionals - correct answer✔✔C. competitors
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
Having received the list of subcontractors, the architect
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
immediately objects to the use of plumber X's company. The ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
general contractor promptly proposes using plumbing Y's ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
company at higher cost of $5,000. What is the general ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
contractor entitled to? ||\\||\\ ||\\||\\ ||\\||\\
A. nothing ||\\||\\ ||\\||\\
B. a time extension only
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
C.$5,000 plus approved time extension ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
D. contract with owner needs to be renegotiated - correct
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
answer✔✔C. $5000 plus approved tome extension ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
If one of your workers found to be an employee and not an
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
independent contractor, which of the following may the IRS ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
determine you are liable to pay? ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
(Buisness and Finance) exam with ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
correct answers ||\\||\\
According AIA, the contractor shall pay the subcontractor within ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
_________ days after the contractor receives payment form the
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
owner
||\\||\\
. A. three working
||\\||\\ ||\\||\\ ||\\||\\
B five calendar ||\\||\\ ||\\||\\
C. five working ||\\||\\ ||\\||\\ ||\\||\\
D. seven working - correct answer✔✔D. seven Working days
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
A registered contractor may apply for "grandfathering" as
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
certified contractor after______ years of experience. ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
||\\||\\ A. 2 ||\\||\\
B. 4 ||\\||\\
C. 5 ||\\||\\
D. 10 - correct answer✔✔c. 5 ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
, When making business plan to start up business, it is imperative
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
to know who and where the ______are.
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
A. employees ||\\||\\
B. advertisers
||\\||\\
C. competitors
||\\||\\
D. professionals - correct answer✔✔C. competitors
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
Having received the list of subcontractors, the architect
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
immediately objects to the use of plumber X's company. The ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
general contractor promptly proposes using plumbing Y's ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
company at higher cost of $5,000. What is the general ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
contractor entitled to? ||\\||\\ ||\\||\\ ||\\||\\
A. nothing ||\\||\\ ||\\||\\
B. a time extension only
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
C.$5,000 plus approved time extension ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
D. contract with owner needs to be renegotiated - correct
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
answer✔✔C. $5000 plus approved tome extension ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
If one of your workers found to be an employee and not an
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
independent contractor, which of the following may the IRS ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
determine you are liable to pay? ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
