FL Business and Finance Practice Test Questions with 100% Verified Correct Answers 2025/2026

FL Business and Finance Practice Test Questions with 100% Verified Correct Answers 2025/2026 The owner must prove financial capability no later than ________ days prior to the expiration of the time for withdrawal of bids. A. 3 B. 5 C.7 D.30 - Correct Answer Answer: C. 7 - AIA 701.6.2 How many copies of the plans and specifications shall the contractor maintain on site? A. 1 B. 2 C. 3 D. 4 - Correct Answer Answer: A. 1 - AIA201 2.3.6 Contracts entered into by unlicensed contractors ________________. A. are immoral B.are illegal C. are enforceable D. are unenforceable - Correct Answer Answer: D. are unenforceable - CM 2-94 489.128 The subcontractor agrees that all work shall be done subject to the final approval of the ______________________. A. architect B. contractor C. both A & B are correct D. none of the above - Correct Answer Answer: C. A & B are correct - AIA 401.4.2.5 Which of the following is NOT exempt from chapter 489? A. An employee of a licensee who is subordinate of a construction licensee acting within the scope. B. Owners of a property with a cost of $85,000. C. Contractors in work on bridges and roads. D. Anybody doing work of a minor nature - less $1,000 or less. - Correct Answer Answer B. Owners of property $85,000 - CM 2-63 489.103 Limit is $75,000. The architect has the sole responsibility for ordering __________________. A. Change orders B. Construction change directives C. any minor change of work D. any changes whatsoever - Correct Answer Answer: C. any minor change in work - AIA 201 7.1.2 When considering the location of your office, which of the following is not a consideration? A. Zoning Ordinances B. Demographic makeup of community C. Building Permits D. Flood Prone Area Maps - Correct Answer Answer: B. Demographic Makeup - CM 1-15