Florida Contractor License Business and finance study guide 1
(2024)
120 Multiple choice questions
Term I of 120
What is a necessary condition of being able to plot actual job progress from a cash flow standpoint?
(Ref: BGA Il)
a bar chart schedule for
activity network an accurate
,Term of 120
estimates of costs regular
field inspections accurate
recording of costs and
expense
Term 2 of 120
YOU are encouraged to consult with an attorney before modifying which of the following AIA
documents?
(Ref: AIA A701)
G702 & G703
G706Å
G701
A701
,Term of 120
3
According to the Florida Manual, any municipality can require contractors performing work for
the municipality to post a bond compliant with the Florida Building Code and not to exceed
(Ref: FCM 2-86)
$2500
$7500
$5000
$10000
Term 4 of 120
The division of Workers' Compensation does not consider to be a constructions business/
(Ref: FCM 6-6)
rebuilding existing structures
well drills on land with existing buildings
clearing land construction purposes
, Term of 120
remodeling existing structures
5
Job costing not only allowed you a means for cost control, but also:
(Ref: FCM 3-77)
control indirect cost allows YOU
to purchase materials for future
jobs allows involvement in the
projects helps prevent employee
theft
Term 6 of 120
While completing the punch list, the architect discovers that the wrong carpet was installed. The
owner has decided to accept the carpet, but according to AIA documents, he has the right to:
(Ref: AIA A201 - 12.3)
(2024)
120 Multiple choice questions
Term I of 120
What is a necessary condition of being able to plot actual job progress from a cash flow standpoint?
(Ref: BGA Il)
a bar chart schedule for
activity network an accurate
,Term of 120
estimates of costs regular
field inspections accurate
recording of costs and
expense
Term 2 of 120
YOU are encouraged to consult with an attorney before modifying which of the following AIA
documents?
(Ref: AIA A701)
G702 & G703
G706Å
G701
A701
,Term of 120
3
According to the Florida Manual, any municipality can require contractors performing work for
the municipality to post a bond compliant with the Florida Building Code and not to exceed
(Ref: FCM 2-86)
$2500
$7500
$5000
$10000
Term 4 of 120
The division of Workers' Compensation does not consider to be a constructions business/
(Ref: FCM 6-6)
rebuilding existing structures
well drills on land with existing buildings
clearing land construction purposes
, Term of 120
remodeling existing structures
5
Job costing not only allowed you a means for cost control, but also:
(Ref: FCM 3-77)
control indirect cost allows YOU
to purchase materials for future
jobs allows involvement in the
projects helps prevent employee
theft
Term 6 of 120
While completing the punch list, the architect discovers that the wrong carpet was installed. The
owner has decided to accept the carpet, but according to AIA documents, he has the right to:
(Ref: AIA A201 - 12.3)
