AZ STATUTES AND RULES ACTUAL
FINAL EXAM 2026/2027 WITH 320
QUESTIONS AND VERIFIED CORRECT
ANSWERS | ALREADY GRADED A+ |
GUARANTEED PASS | AZ STATUTES
AND RULES PRACTICE EXAM
The air quality division that administers the air quality permits program is? -
ANSWER-ADEQ
If new information becomes available about the hazardous chemical, within what
time period must labels be revised? - ANSWER-6 months
Which of the following conditions indicates the completion of a permitted
structure? - ANSWER-60 consecutive days have passed since the last work was
performed
When is the due date of an Arizona sales tax return? - ANSWER-20th day of the
following month
,Transactions recorded in the cash receipts journal's are summarized and posted to
the: - ANSWER-General ledger
Which of the following is an advantage of the sole ownership form of business? -
ANSWER-Can be sold or altered at will
Giving: A contractor has obtain a contractors license in the name of Pat Brown.
Under what name can his contracting business be conducted? - ANSWER-Pat
Brown
Who is responsible for certifying the amount of work completed on a project to the
owner? - ANSWER-Architect/engineer
A company's balance sheet shows assets of $20,000 and owners equity of $12,000,
the company's liabilities are: - ANSWER-$8,000
Which one of the following types of financial statements examines the cash
generating and distribution activities of a construction company? - ANSWER-
Statement of cash flow
In Arizona a contractor must report a change of business address to the registrar of
contractors within how many days? - ANSWER-30
A person wants to file a notice and claim of Mechanic's, Materialman's or
Professional Services Lien, form ML-10. Where would this person find the
information needed to complete the legal description section? - ANSWER-the title
company
What document contains the actual physical descriptions of the project to be
constructed? - ANSWER-Drawings
,What are periodic payments or cost reimbursement, made by the owner to a
contractor, during a long construction period called? - ANSWER-Progress
payments
When may a contractor reapply for a contractors license after revocation? -
ANSWER-12 months
A contracting company is evaluating its ability to complete a project in a timely
and efficient manner. Before bidding on the project the company should consider
all of the following factors EXCEPT: - ANSWER-The appropriate accounting
basis and methods
When reserving a trade name, a corporate name may be reserved prior to
incorporation for how many days? - ANSWER-120 days
A general partnership is made up of "A"- 60%, and "B" - 40%. The partnership is
committed to $100,000.00 debt. "A" dies. There is no partnership account to
recover his debt. How will this debt be handled? - ANSWER-"B" is liable for the
entire $100,000.00
A contractor has a contract with an owner, and a notice of completion (form ML-9)
was not filed. How long does this contractor have to file a lien? - ANSWER-120
days from the completion of the structure
When must a contractor inform the registrar of a change in ownership? -
ANSWER-Immediately
Contractor license is in Arizona are issued for how many years? - ANSWER-2
years
, Which one of the following would be considered project overhead? - ANSWER-
Salaries of supervisors
An Arizona residential contractors license was suspended because a payment from
the contractors recovery fund was made on a claim against the licensee. To
reactivate the suspended license the contractor must reimburse the fund for the
total amount paid plus _______ interest? - ANSWER-10 percent
For how many years may a contractors license initially be inactivated? -
ANSWER-5
If you incorporate in ARIZONA, which type of form do you do use to incorporate?
- ANSWER-Domestic
After the termination of a contractors license, how long must the license bond stay
in place? - ANSWER-24 months
An employer has a history of repeatedly violating the Arizona occupational safety
and health act, what maximum penalty may be accessed for the employers next
offense? - ANSWER-$70,000.00
Which of the following may an employer deduct from the wages of its employees?
- ANSWER-Social Security and Medicare
A lawsuit to foreclose on a lien must be filed within what length of time after the
lien is filed? Or an ALTERNATE: after a lien is filed, within what length of time
must a lawsuit be filed to foreclose on that lien? - ANSWER-6 months
FINAL EXAM 2026/2027 WITH 320
QUESTIONS AND VERIFIED CORRECT
ANSWERS | ALREADY GRADED A+ |
GUARANTEED PASS | AZ STATUTES
AND RULES PRACTICE EXAM
The air quality division that administers the air quality permits program is? -
ANSWER-ADEQ
If new information becomes available about the hazardous chemical, within what
time period must labels be revised? - ANSWER-6 months
Which of the following conditions indicates the completion of a permitted
structure? - ANSWER-60 consecutive days have passed since the last work was
performed
When is the due date of an Arizona sales tax return? - ANSWER-20th day of the
following month
,Transactions recorded in the cash receipts journal's are summarized and posted to
the: - ANSWER-General ledger
Which of the following is an advantage of the sole ownership form of business? -
ANSWER-Can be sold or altered at will
Giving: A contractor has obtain a contractors license in the name of Pat Brown.
Under what name can his contracting business be conducted? - ANSWER-Pat
Brown
Who is responsible for certifying the amount of work completed on a project to the
owner? - ANSWER-Architect/engineer
A company's balance sheet shows assets of $20,000 and owners equity of $12,000,
the company's liabilities are: - ANSWER-$8,000
Which one of the following types of financial statements examines the cash
generating and distribution activities of a construction company? - ANSWER-
Statement of cash flow
In Arizona a contractor must report a change of business address to the registrar of
contractors within how many days? - ANSWER-30
A person wants to file a notice and claim of Mechanic's, Materialman's or
Professional Services Lien, form ML-10. Where would this person find the
information needed to complete the legal description section? - ANSWER-the title
company
What document contains the actual physical descriptions of the project to be
constructed? - ANSWER-Drawings
,What are periodic payments or cost reimbursement, made by the owner to a
contractor, during a long construction period called? - ANSWER-Progress
payments
When may a contractor reapply for a contractors license after revocation? -
ANSWER-12 months
A contracting company is evaluating its ability to complete a project in a timely
and efficient manner. Before bidding on the project the company should consider
all of the following factors EXCEPT: - ANSWER-The appropriate accounting
basis and methods
When reserving a trade name, a corporate name may be reserved prior to
incorporation for how many days? - ANSWER-120 days
A general partnership is made up of "A"- 60%, and "B" - 40%. The partnership is
committed to $100,000.00 debt. "A" dies. There is no partnership account to
recover his debt. How will this debt be handled? - ANSWER-"B" is liable for the
entire $100,000.00
A contractor has a contract with an owner, and a notice of completion (form ML-9)
was not filed. How long does this contractor have to file a lien? - ANSWER-120
days from the completion of the structure
When must a contractor inform the registrar of a change in ownership? -
ANSWER-Immediately
Contractor license is in Arizona are issued for how many years? - ANSWER-2
years
, Which one of the following would be considered project overhead? - ANSWER-
Salaries of supervisors
An Arizona residential contractors license was suspended because a payment from
the contractors recovery fund was made on a claim against the licensee. To
reactivate the suspended license the contractor must reimburse the fund for the
total amount paid plus _______ interest? - ANSWER-10 percent
For how many years may a contractors license initially be inactivated? -
ANSWER-5
If you incorporate in ARIZONA, which type of form do you do use to incorporate?
- ANSWER-Domestic
After the termination of a contractors license, how long must the license bond stay
in place? - ANSWER-24 months
An employer has a history of repeatedly violating the Arizona occupational safety
and health act, what maximum penalty may be accessed for the employers next
offense? - ANSWER-$70,000.00
Which of the following may an employer deduct from the wages of its employees?
- ANSWER-Social Security and Medicare
A lawsuit to foreclose on a lien must be filed within what length of time after the
lien is filed? Or an ALTERNATE: after a lien is filed, within what length of time
must a lawsuit be filed to foreclose on that lien? - ANSWER-6 months
