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AZ Contractor's BME (Business Management Exam) Prep questions
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with accurate detailed answers
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What document must be filed when registering an Arizona Limited Partnership? -
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✔✔Certificate of Limited Partnership || || ||
How many days do you have to publish the 'Articles of Incorporation' after having filed the
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'Articles of Incorporation' with the Arizona Corporate Commission? - ✔✔60 Days
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When reserving a trade name (also known as a DBA), a corporate (legal business name of a
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corporation) name may reserved prior to incorporation for how many days? - ✔✔120 days
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What entity cannot change a name on a contractor's license? - ✔✔Qualifying Party
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What does Builder's risk insurance protect? - ✔✔Construction Property (Also fixures & labor
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costs in some instances)
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What does Comprehensive Liability Insurance not cover? - ✔✔Contractor's vehicles &
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employees
If a contractor refuses to work on a job bid that was offered to them, what will happen as
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a result? - ✔✔The contract will be void & the situation will end in litigation
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What form is used to reports & pay quarterly unemployment taxes to the Arizona
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Department of Economic Security? - ✔✔A1-R || || || || ||
After how many hours a week does overtime kick in for U.S. employees according to the
|| || || || || || || || || || || || || || || ||
FLSA - ✔✔40 || ||
AZ Contractor's BME (Business Management Exam) Prep questions
|| || || || || || || ||
with accurate detailed answers
|| || ||
What document must be filed when registering an Arizona Limited Partnership? -
|| || || || || || || || || || || ||
✔✔Certificate of Limited Partnership || || ||
How many days do you have to publish the 'Articles of Incorporation' after having filed the
|| || || || || || || || || || || || || || || ||
'Articles of Incorporation' with the Arizona Corporate Commission? - ✔✔60 Days
|| || || || || || || || || ||
When reserving a trade name (also known as a DBA), a corporate (legal business name of a
|| || || || || || || || || || || || || || || || ||
corporation) name may reserved prior to incorporation for how many days? - ✔✔120 days
|| || || || || || || || || || || || ||
What entity cannot change a name on a contractor's license? - ✔✔Qualifying Party
|| || || || || || || || || || || ||
What does Builder's risk insurance protect? - ✔✔Construction Property (Also fixures & labor
|| || || || || || || || || || || ||
costs in some instances)
|| || || ||
What does Comprehensive Liability Insurance not cover? - ✔✔Contractor's vehicles &
|| || || || || || || || || || ||
employees
If a contractor refuses to work on a job bid that was offered to them, what will happen as
|| || || || || || || || || || || || || || || || || || ||
a result? - ✔✔The contract will be void & the situation will end in litigation
|| || || || || || || || || || || || || ||
What form is used to reports & pay quarterly unemployment taxes to the Arizona
|| || || || || || || || || || || || || ||
Department of Economic Security? - ✔✔A1-R || || || || ||
After how many hours a week does overtime kick in for U.S. employees according to the
|| || || || || || || || || || || || || || || ||
FLSA - ✔✔40 || ||
