CMS Survey Test Questions and Answers Graded A+
You have _____ days to replace a qualified a. names of his sub contractors
employee. b. names of material suppliers
a. 10 c. answers a &b are correct
b. 30 d. names of individual laborers on the project -
c. 60 ANSWERS - names of individual laborers
d. 90 - ANSWERS - 30 on the project
Which of the following is included in company The disadvantage of cash basis accounting
overhead? versus accrual basis accounting is what?
a.Advertising a. the cash basis will show what had been
b. Equipment collected and paid out, but not what has been
c. Project Payroll earned
d. Supervisor salary - ANSWERS - b. nothing
Advertising c. the cash basis is easiest form to maintain
d. cash basis records income when money is
recieved - ANSWERS - the cash basis will
A quorum shall consist of _____ members of the show what had been collected and paid out, but
Nevada State Contractors Board. not what has been earned
a. 3
b. 4
c. 5 The term week week in the FLSA is defined as
d. 7 - ANSWERS - 4 what?
a. 40 hours
b. 168 hours
A death must be reported to OSHA within c. whatever the employer sets it as
______. d. any of the above - ANSWERS - 168
a. 1 hour hours
b. 8 hours
c. 24 hours
d. 3 days - ANSWERS - 8 hours Youths age _____ may perform any
nonhazardous job, for unlimited hours.
a. 18
What summarizes profit making activities over a b. 19
specific period of time? c. 20
a. Profit & Loss schedule d. 16 and 17 - ANSWERS - 16 and 17
b. Critical Path schedule
c. Cash Disbursement Schedule
d. Cash Flow Schedule - ANSWERS - Violators of child labor law provisions are subject
Profit & Loss schedule to civil penalty of up to ______ each employee
subject to violation?
a. $11,000
What a general building contractor does not b. $1,000
need to tell a customer with they have a c. $5,000
contract? d. $70,000 - ANSWERS - $11,000
1/7
, CMS Survey Test Questions and Answers Graded A+
a. President
b. License Holder (Qualified Employee)
The simplest form o business organization is: c. General partners
a. sole prop. d. Manager - ANSWERS - License Holder
b. partnership (Qualified Employee)
c. corporation
d. LLC - ANSWERS - sole prop.
Contracts need to be kept for a minimum of
_____ years.
According to the FLSA, a workweek is a period of a. 3
____ hours. b. 4
a. 40 c. 5
b. 24 d. 10 - ANSWERS - 3
c. 8
d. 168 - ANSWERS - 168
Does your NSCB license permit you to do work
on the repairing or constructing of mobile homes?
After your employee makes _____ in one year, a. Yes, if work is under $1,000
you stop deducting FUTA. b. No. You need a Manufactured Housing license
a. no limit c. Yes, if you are a NV General
b. $1,000 d. Yes, if work is under $500 - ANSWERS -
c. $7,000 No. You need a Manufactured Housing license
d. $87,900 - ANSWERS - $7,000
The minimum monetary value of work must be
IRS Publication 15 is also known as ______. ______ in order to file a Mechanics Lien in
a. Circular E Nevada
b. 1-9 a. $100
c. W-4 b. $500
d. W-2 - ANSWERS - Circular E c. $1,000
d. $5,000 - ANSWERS - $500
Records for Federal unemployment taxed must
be kept for a minimum of _____ years. Upon the death of the sole qualified partner, the
a. 3 license is automatically suspended _____ days
b. 4 after the death.
c. 5 a. immediately
d. 2 - ANSWERS - 4 b. 30 days
c. 60 days
d. 90 days - ANSWERS - 60 days
Regardless of the type f organization the
construction company has established or a
licensees' role in the ownership of the business, Current assets can be converted into cash within
it is the _______ who is usually held responsible one operating cycle or ____
for all contracting--related duties. a. 7 days
2/7
You have _____ days to replace a qualified a. names of his sub contractors
employee. b. names of material suppliers
a. 10 c. answers a &b are correct
b. 30 d. names of individual laborers on the project -
c. 60 ANSWERS - names of individual laborers
d. 90 - ANSWERS - 30 on the project
Which of the following is included in company The disadvantage of cash basis accounting
overhead? versus accrual basis accounting is what?
a.Advertising a. the cash basis will show what had been
b. Equipment collected and paid out, but not what has been
c. Project Payroll earned
d. Supervisor salary - ANSWERS - b. nothing
Advertising c. the cash basis is easiest form to maintain
d. cash basis records income when money is
recieved - ANSWERS - the cash basis will
A quorum shall consist of _____ members of the show what had been collected and paid out, but
Nevada State Contractors Board. not what has been earned
a. 3
b. 4
c. 5 The term week week in the FLSA is defined as
d. 7 - ANSWERS - 4 what?
a. 40 hours
b. 168 hours
A death must be reported to OSHA within c. whatever the employer sets it as
______. d. any of the above - ANSWERS - 168
a. 1 hour hours
b. 8 hours
c. 24 hours
d. 3 days - ANSWERS - 8 hours Youths age _____ may perform any
nonhazardous job, for unlimited hours.
a. 18
What summarizes profit making activities over a b. 19
specific period of time? c. 20
a. Profit & Loss schedule d. 16 and 17 - ANSWERS - 16 and 17
b. Critical Path schedule
c. Cash Disbursement Schedule
d. Cash Flow Schedule - ANSWERS - Violators of child labor law provisions are subject
Profit & Loss schedule to civil penalty of up to ______ each employee
subject to violation?
a. $11,000
What a general building contractor does not b. $1,000
need to tell a customer with they have a c. $5,000
contract? d. $70,000 - ANSWERS - $11,000
1/7
, CMS Survey Test Questions and Answers Graded A+
a. President
b. License Holder (Qualified Employee)
The simplest form o business organization is: c. General partners
a. sole prop. d. Manager - ANSWERS - License Holder
b. partnership (Qualified Employee)
c. corporation
d. LLC - ANSWERS - sole prop.
Contracts need to be kept for a minimum of
_____ years.
According to the FLSA, a workweek is a period of a. 3
____ hours. b. 4
a. 40 c. 5
b. 24 d. 10 - ANSWERS - 3
c. 8
d. 168 - ANSWERS - 168
Does your NSCB license permit you to do work
on the repairing or constructing of mobile homes?
After your employee makes _____ in one year, a. Yes, if work is under $1,000
you stop deducting FUTA. b. No. You need a Manufactured Housing license
a. no limit c. Yes, if you are a NV General
b. $1,000 d. Yes, if work is under $500 - ANSWERS -
c. $7,000 No. You need a Manufactured Housing license
d. $87,900 - ANSWERS - $7,000
The minimum monetary value of work must be
IRS Publication 15 is also known as ______. ______ in order to file a Mechanics Lien in
a. Circular E Nevada
b. 1-9 a. $100
c. W-4 b. $500
d. W-2 - ANSWERS - Circular E c. $1,000
d. $5,000 - ANSWERS - $500
Records for Federal unemployment taxed must
be kept for a minimum of _____ years. Upon the death of the sole qualified partner, the
a. 3 license is automatically suspended _____ days
b. 4 after the death.
c. 5 a. immediately
d. 2 - ANSWERS - 4 b. 30 days
c. 60 days
d. 90 days - ANSWERS - 60 days
Regardless of the type f organization the
construction company has established or a
licensees' role in the ownership of the business, Current assets can be converted into cash within
it is the _______ who is usually held responsible one operating cycle or ____
for all contracting--related duties. a. 7 days
2/7
