VA CONTRACTORS: GENERAL (CLASS A OR B) ACTUAL EXAM QUESTIONS WITH CORRECT ANSWERS 100% VERIFIED GRADED A+

VA CONTRACTORS: GENERAL
(CLASS A OR B) ACTUAL EXAM
QUESTIONS WITH CORRECT
ANSWERS 100% VERIFIED GRADED
A+
1. Whichmofmthemfollowingmestimatingmmethodsmismtypicallymusedmbymthemarchitectmrathermth
anmthemcontractor?m-mCORRECTmANSWERmConceptualmestimate



2. Anmagreementmthatmcallsmformamcontractormtombempaidmactualmcostsmformlabormandmmateria
lsmplusmamfixedmfeemformthemcontractor'smoverheadmandmprofitmismcalledma...m-
mCORRECTmANSWERmcostmplusmcontract




3. EquipmentmneedsmformamprojectmaremBESTmestimatedmby...m-
mCORRECTmANSWERmCalculatingmthemnumbermofmhoursmormdaysmitmismneeded




4. Whatmtypemofminsurancemismneededmformampartnershipmtominsuremthatmthembusinessmdoesm
NOTmgomoutmofmbusinessmifmonempartnermdies?m-mCORRECTmANSWERmKeymman



5. Anmownermhiresmamconstructionmmanagermformamproject.mWhichmofmthemfollowingmismTRUEm
withmregardmtomsubcontractors?m-
mCORRECTmANSWERmThemsubcontractorsmaremprimemcontractors




6. Whatmprotectsmamcontractormfrommrisk?m-mCORRECTmANSWERmInsurance



7. AnmADVANTAGEmofmamCriticalmPathmMethodm(CPM)mschedulemismit...m-
mCORRECTmANSWERmIdentifiesmactivitiesmthatmMUSTmbemcompletedmbeforemothermactiviti


esmcanmoccur

, 8. Whatmmaymbemcoveredmbymanmallowanceminmamcontract?m-
mCORRECTmANSWERmLightmfixturemcosts




9. Whichmofmthemfollowingmismconsideredmethicalmbehavior?m-
mCORRECTmANSWERmFailingmtomdisclosemonemsubcontractor'smbidmtomanother




10. CompensationmpaidmtomindependentmcontractorsmismreportedmonmForm...m-
mCORRECTmANSWERm1099




11. ThemBESTmbusinessmpracticemformspecial-orderedmmaterialsmismto...m-
mCORRECTmANSWERmputmthemordermrequirementsminmwriting




12. AmcontractmrefersmtomanminsurancemagreementmthatmthemcontractormismREQUIREDmtomhave.
mThismismconsidered...m-mCORRECTmANSWERmPartmofmthemcontract




13. Recordsmofmanmemployee'smexposuremtomhazardousmmaterialsmMUSTmbemkeptmamMINIMU
Mmofmhowmmanymyears?m-mCORRECTmANSWERm30myears



14. ATmLEASTmhowmoftenmshouldmemployeesmwatchmformpossiblemhazardsmatmthemjobmsite?m-
mCORRECTmANSWERmconstantly




15. AnmemployeemcanmrequestmtomreceivemadvancemearnedmincomemcreditmonmForm...m-
mCORRECTmANSWERmW-5




16. Amcontractormusesmfundsmpaidmbymamprojectmownermtompurchasemmaterialsmtomstartmamdiffe
rentmproject.mThemlaborersmformthemoriginalmprojectmdomNOTmgetmpaidmbymthemcontractor.m
Undermthemlienmlaw,mthismismconsidered...m-
mCORRECTmANSWERmIntentmtomdefraudmbymthemcontractor