1|Page
Michigan Siding Contractor License Exam||Verified
Questions with Correct Answers and explanations
LATEST THIS YEAR -JUST RELEASED.pdf||NEWEST
EXAM!!!
What is a material breach? - Answer-A serious violation of
a contract that could void the contract and has a high
likelihood of litigation
What includes guiding and coordinating each part of the
project from concept to completion? - Answer-Project
Management
What confirms work is performed according to contract
specifications? - Answer-Quality Control
What is the simplest type of scheduling? - Answer-
Calendar Scheduling
Which method of accounting is preferred by accountants
and contractors, and is the most accurate? - Answer-
Accrual Method
,2|Page
Which form needs to be completed within 3 days of hire to
verify the identity and employment authorization of
individuals? - Answer-I-9
Which form lets you know how much income tax to
withhold from employees' wages? - Answer-W-4
What type of insurance is also called defense coverage? -
Answer-Liability Insurance
What is a performance bond? - Answer-Assures that the
contractor will complete a contract within its time frame
and conditions
What is a surety bond? - Answer-A procedure to transfer
risk between a contractor, surety bonding company, and
the project owner
What is a design or build contract? - Answer-A kind of
contract where the owner contracts with one company to
complete a construction project from start to finish (cradle
to the grave)
, 3|Page
What is a hybrid business structure that shares similarities
with sole proprietorships as well as corporate structures? -
Answer-Limited Liability Company (LLC)
The general or prime contractor generally enters into a
contract to begin the project with: - Answer-The Owner
What is a breach of Contract? - Answer-When one of the
participants involved in an agreement (contract) does not
satisfy any terms or conditions of the contract
What type of insurance pays you if you are hurt on the
job? - Answer-Disability Insurance
How long is a passing score on an examination valid for? -
Answer-1 Year
How many hours of approved prelicensure courses are
required for residential builders and residential
maintenance and alteration contractors? - Answer-60
Which act is a Michigan enacted act that prohibits
discrimination and has been amended approximately 20
Michigan Siding Contractor License Exam||Verified
Questions with Correct Answers and explanations
LATEST THIS YEAR -JUST RELEASED.pdf||NEWEST
EXAM!!!
What is a material breach? - Answer-A serious violation of
a contract that could void the contract and has a high
likelihood of litigation
What includes guiding and coordinating each part of the
project from concept to completion? - Answer-Project
Management
What confirms work is performed according to contract
specifications? - Answer-Quality Control
What is the simplest type of scheduling? - Answer-
Calendar Scheduling
Which method of accounting is preferred by accountants
and contractors, and is the most accurate? - Answer-
Accrual Method
,2|Page
Which form needs to be completed within 3 days of hire to
verify the identity and employment authorization of
individuals? - Answer-I-9
Which form lets you know how much income tax to
withhold from employees' wages? - Answer-W-4
What type of insurance is also called defense coverage? -
Answer-Liability Insurance
What is a performance bond? - Answer-Assures that the
contractor will complete a contract within its time frame
and conditions
What is a surety bond? - Answer-A procedure to transfer
risk between a contractor, surety bonding company, and
the project owner
What is a design or build contract? - Answer-A kind of
contract where the owner contracts with one company to
complete a construction project from start to finish (cradle
to the grave)
, 3|Page
What is a hybrid business structure that shares similarities
with sole proprietorships as well as corporate structures? -
Answer-Limited Liability Company (LLC)
The general or prime contractor generally enters into a
contract to begin the project with: - Answer-The Owner
What is a breach of Contract? - Answer-When one of the
participants involved in an agreement (contract) does not
satisfy any terms or conditions of the contract
What type of insurance pays you if you are hurt on the
job? - Answer-Disability Insurance
How long is a passing score on an examination valid for? -
Answer-1 Year
How many hours of approved prelicensure courses are
required for residential builders and residential
maintenance and alteration contractors? - Answer-60
Which act is a Michigan enacted act that prohibits
discrimination and has been amended approximately 20
