LOUISIANA CONTRACTOR'S EXAM -
BUSINESS AND LAW 2025/2026
VERIFIED AND ACCURATE
QUESTIONS AND ANSWERS
Bid Shopping - ANS-What occurs when bids are revealed to create more competition?
prevent double taxation - ANS-What benefits does an S corporation have?
12 weeks - ANS-How many weeks are employees entitled to under the Family Medical Leave Act
20 weeks - ANS-Federal Unemployment tax must be paid after an employee works ____ weeks
liabilities/assets - ANS-What is the debt ratio?
$50,000 - ANS-A contractor's license is needed when the residential project is valued over ___
when signed - ANS-When is a contract considered accepted?
Quantity take off method - ANS-What is the most accurate method of estimate?
$100.000 - ANS-Projects worth how much require bonds under the Miller Act?
Liquidity - ANS-assets/liability is which ratio?
Bid bond
BUSINESS AND LAW 2025/2026
VERIFIED AND ACCURATE
QUESTIONS AND ANSWERS
Bid Shopping - ANS-What occurs when bids are revealed to create more competition?
prevent double taxation - ANS-What benefits does an S corporation have?
12 weeks - ANS-How many weeks are employees entitled to under the Family Medical Leave Act
20 weeks - ANS-Federal Unemployment tax must be paid after an employee works ____ weeks
liabilities/assets - ANS-What is the debt ratio?
$50,000 - ANS-A contractor's license is needed when the residential project is valued over ___
when signed - ANS-When is a contract considered accepted?
Quantity take off method - ANS-What is the most accurate method of estimate?
$100.000 - ANS-Projects worth how much require bonds under the Miller Act?
Liquidity - ANS-assets/liability is which ratio?
Bid bond
