- Study guides, Class notes & Summaries

Prepare 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.

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3 pages

Written in 2026/2027

Grade A+

longtidetech

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...

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2 pages

Written in 2025/2026

Grade A

Brilliantscores1

This 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...

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3 pages

Written in 2026/2027

Grade A+

kenwacs