5/18/25, 6:35 PM FLORIDA BUILDING CONTRACTOR BUSINESS/FINANCE STUDY EXAM | ALL QUESTIONS AND CORRECT ANSWERS | GRA…
FLORIDA BUILDING CONTRACTOR
BUSINESS/FINANCE STUDY EXAM | ALL
QUESTIONS AND CORRECT ANSWERS
| GRADED A+ | LATEST EXAM | VERIFIED ANSWERS |
Terms in this set (100)
1. How many employees must 1 or more
an employer have before he
must apply for workers
compensation insurance?
2. The most important Profit
aspect to consider when
bidding is:
3. What does the acronym Generally Accepted Accounted Principles
GAAP signify in accounting?
4. If I fail one or more portions No, only the exams on which he or she failed to achieve a
of the passing score
examination, do I have to
retake all parts again?
5. In order to obtain a building Filling out an application
permit the following is
required:
6. When can you allow your Whenever they wish to
employee to view their
personal file?
7. A payment bond would Prime contractor or property owner
be posted by the:
8. How long after I pass the Four years
examinations do I have to
… 1/1
4
, 5/18/25, 6:35 PM FLORIDA BUILDING CONTRACTOR BUSINESS/FINANCE STUDY EXAM | ALL QUESTIONS AND CORRECT ANSWERS | GRA…
apply for Initial Licensure?
9. Are contractors required to Yes
qualify a construction
business?
10. A payment bond Prime contractor or property owner
guarantees that the
bonding company will pay
valid claims for unpaid bills
owed by the ______ posting
the
bond.
11. Before the completion of Occupancy
work the person who
authorizes a temporary
certificate of is the building
official.
12. Majority for the Cost plus fee
negotiated construction
contracts are on a basis.
13. What must a contractor Obtain a line of credit from a bank
do to prevent cash flow
problems at the end of a
construction project?
14. What should be done File a copy in the contractor's office
with the contractors IRS
form W-2?
15. By law, your 16
workers may not be
younger than of age.
16. Business equity is shown Balance Sheet
on the financial statement
called teh:
17. State disability and Reported and paid quarterly
income taxes must be:
18. The only reason an No work experience or social security number
employer can lawfully
deny employment is
… 2/1
4
FLORIDA BUILDING CONTRACTOR
BUSINESS/FINANCE STUDY EXAM | ALL
QUESTIONS AND CORRECT ANSWERS
| GRADED A+ | LATEST EXAM | VERIFIED ANSWERS |
Terms in this set (100)
1. How many employees must 1 or more
an employer have before he
must apply for workers
compensation insurance?
2. The most important Profit
aspect to consider when
bidding is:
3. What does the acronym Generally Accepted Accounted Principles
GAAP signify in accounting?
4. If I fail one or more portions No, only the exams on which he or she failed to achieve a
of the passing score
examination, do I have to
retake all parts again?
5. In order to obtain a building Filling out an application
permit the following is
required:
6. When can you allow your Whenever they wish to
employee to view their
personal file?
7. A payment bond would Prime contractor or property owner
be posted by the:
8. How long after I pass the Four years
examinations do I have to
… 1/1
4
, 5/18/25, 6:35 PM FLORIDA BUILDING CONTRACTOR BUSINESS/FINANCE STUDY EXAM | ALL QUESTIONS AND CORRECT ANSWERS | GRA…
apply for Initial Licensure?
9. Are contractors required to Yes
qualify a construction
business?
10. A payment bond Prime contractor or property owner
guarantees that the
bonding company will pay
valid claims for unpaid bills
owed by the ______ posting
the
bond.
11. Before the completion of Occupancy
work the person who
authorizes a temporary
certificate of is the building
official.
12. Majority for the Cost plus fee
negotiated construction
contracts are on a basis.
13. What must a contractor Obtain a line of credit from a bank
do to prevent cash flow
problems at the end of a
construction project?
14. What should be done File a copy in the contractor's office
with the contractors IRS
form W-2?
15. By law, your 16
workers may not be
younger than of age.
16. Business equity is shown Balance Sheet
on the financial statement
called teh:
17. State disability and Reported and paid quarterly
income taxes must be:
18. The only reason an No work experience or social security number
employer can lawfully
deny employment is
… 2/1
4
