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Examen
Advanced Portion Exam Questions with Correct Answers
Which of these is the traditional form of contracting method? - ANSWERSSingle Prime 
 
What is the Virginia sales tax rate a combination of ? - ANSWERS4 percent state tax and 1 percent local 
 
What is the difference between fixed and current assets? - ANSWERSCurrent assets can be converted into cash or already are cash, fixed assets are not converted 
 
Which of these forms is NOT required to be in an employee file? - ANSWERSA bid for a project 
 
If a companys current assets are $12,000, inven...
Examen
Advanced Portion Exam / Score 100% / 2025 New Version Study Guide & Test Bank 
 

PopularPrepare for the Advanced Portion Exam with this 2025 updated study guide and test bank. Covering financial management, complex cost estimating, contract types, insurance and bonding, labor law, lien regulations, and federal/state tax compliance, this resource helps Virginia Class A contractor candidates master high-level business concepts and score 100%. Includes practice questions and detailed rationales for exam prep, quizzes, and assignments.
Examen
Virginia Class A Contractor License Examination — Advanced Portion
NuevoThis exam is a mandatory component of the Virginia Class A contractor license, designed to assess candidates' management decision-making abilities in construction business operations. The exam consists of 24 multiple-choice questions, with a time limit of 60 minutes and a passing score of 17 questions (approximately 71%). It is an open-book exam, and candidates may bring specified reference materials (such as the NASCLA Contractors Guide) into the examination room. 
 
The exam content focuses...