Utah Contractor Exam (Real) with Solutions

Utah Contractor Exam (Real) with Solutions Depreciation is taken on which of the company's assets? a. Loans b. Current assets c. Fixed assets d. None of the above - Answer -C ... Explanation: Depreciation is counted from fixed assets. A private employer who employs __ or more people as of July 1, 2010, may not hire a new employee unless the employer is registered with and uses a status verification system such as E -Verify to verify the federal legal working status of any new employee. a. 5 b. 10 c. 15 d. 1 - Answer -C ... Explanation: A private employer who employs 15 or more people as of July 1, 2010, may not hire a new employee unless the employer is registered with and uses a status verification system such as E -Verify to verify the federal legal working status of any new employee. If a contractor decides to increase the contract price, the contractor: a. Should get a loan from the bank b. May request assistance from the subcontractor c. And the owner must agree to a written and signed change order d. Should request the building inspector to revise the specifications - Answer -C ... Explanation: A written and signed change order can allow the contractor to change a contract price. If a subcontractor signs an unconditional waiver and release, this would imply that a: a. Subcontractor cannot ask anything more of the owner b. Owner cannot ask anything more of the subcontractor c. Subcontractor cannot get anything from the primed. Subcontractor cannot ask anything more of the prime - Answer -A ... Explanation: Once the subcontractor signs an unconditional waiver and release, the subcontractor cannot ask anything more of the owner. Any applicant who has been denied a license to practice on the basis of credentials, or failure to pass a required examination, may submit a request for agency review to the executive director ____ following notification of the denial of a license or refusal to renew or reinstate a license. a. Within 10 days b. Within 20 days c. Within 30 days d. Within 60 days - Answer -5. C ... Explanation: Any applicant who has been denied a license to practice on the basis of credentials, character, or failure to pass a required examination, or who has been refused renewal or reinstatement of a license to practice on the basis that the applicant does not meet qualifications for continued licensure in any occupati