FLORIDA CONTRACTORS MANUAL 100 PRACTICE EXAM QUESTIONS WITH ANSWERS 2024 VERIFIED BY EXPER, Exams of Nursing

Download FLORIDA CONTRACTORS MANUAL 100 PRACTICE EXAM QUESTIONS WITH ANSWERS 2024 VERIFIED BY EXPER and more Exams Nursing in PDF only on Docsity! FLORIDA CONTRACTORS MANUAL 100 PRACTICE EXAM QUESTIONS WITH ANSWERS 2024 VERIFIED BY EXPERTS NEW A properly registered fictitious name is valid for ________________ A. 1 year B. 2 years C. 3 years D. 5 years - CORRECT ANSWER>>>>D. 5 years 1-15 Which of the following would have jurisdiction over dredging or excavation of navigable waters and wetlands? A. U.S. Dept. of the Interior B. Florida Dept. of State C. Florida Dept.of Transportation D. U.S Army Corps of Engineers - CORRECT ANSWER>>>>D. U.S Army Corps of Engineers 1-16 The name of the form which is used to apply for sales tax is? A. W2 B. DR-1 C. S1 D. W4 - CORRECT ANSWER>>>>B. DR-1 1-21 Which of the following is NOT true about a fictitious name registration? A. Valid for 5 years. B. The fictitious name must be advertised at least one time. C. If a change of ownership occurs, the owner(s) of record must file a cancellation and registration within 45 days of filing, D. Fictitious name registration must be renewed between July 1 and December 31 in the expiration year. - CORRECT ANSWER>>>>C. If a change of ownership occurs, the owner(s) of record must file a cancellation and registration within 45 days of filing, 1-15 Three partners, Noah, Evan & Steven form a partnership. Noah invests $30,000; Steven invests $20,000 and Evan invests $15,000. In addition, Noah performs specific management functions for which he is paid $5,000 from the partnership proceeds. If the partnership earns $244,000, how much will Noah receive? A. Less than $70,000 B. Between $70,000 -$90,000 C. Between $90,000-$110,000 D. More than $110,000 - CORRECT ANSWER>>>>D. More than $110,000 1-12 If the above partnership were dissolved, showing a net loss of $60,000, how much would Noah owe? A. $60,000 B. $4,666 C. $20,000 D. $0.00 - CORRECT ANSWER>>>>A. $60,000 1-13 According to the Contractor's Manual, starting capital should be enough to cover living expenses for between which of the following? A. 3 months to a year B. 6 months to a year C. 9 months to a year D. at least a year - CORRECT ANSWER>>>>A. 3 months to a year 1-17 A Partnership will be dissolved if which of the following applies? A. UnlawfuI Activity B. Failing to have a primary qualifying agent C. A court decree under the partnership act D. A and C 1-29 - CORRECT ANSWER>>>>D. A and C 1-29 1-29 Which of the following is NOT characteristic about a General and Limited Partnership? A. The limited partnership has two types of partners; a partnership only one. B. The general partners of a limited partnership have limited personal liability; the partners of a partnership do not. C. In a limited partnership the limited partners have no management responsibility. D. The general partner has joint and several liability; the limited partner does not - CORRECT ANSWER>>>>C. In a limited partnership the limited partners have no management responsibility. An active certified air-conditioning Class B contractor is eligible to take the air- conditioning Class A contactors' examination if he possesses a minimum of years of proven experience in the classification in which he is certified. a. 1 b. 2 c. 3 d. 4 - CORRECT ANSWER>>>>a. 1 489.111(2)(c)5.c Your contractor's license number must appear in or on all the following advertisements except________. a. free yellow Page listings b. coupons c. business proposals d. business cards - CORRECT ANSWER>>>>a. free yellow Page listings 489.119 (5)(a)(b)(c) According to the Florida Statues, Chapter 489, a contractor was found guilty of allowing their certificate to be used by uncertified persons with intent to evade the provisions of Chapter 489.The Construction Industry Licensing Board may revoke the certificate of the contractor, require financial restitution to a consumer, and impose an administrative maximum fine of _____________. a. $5,000 b. $5,000 or assess costs associated with investigation and prosecution c. $10,000 d. $10,000 or assess costs associated with investigation and prosecution - CORRECT ANSWER>>>>d. $10,000 or assess costs associated with investigation and prosecution 489.129(1) What is the maximum damages in which as consumer (non-employee) is entitled due to the negligence of a non-licensed contractor: a. 2 times damages b. 2 times damages + legal fees c. 3 times damages d. 3 times damages + legal fees - CORRECT ANSWER>>>>b. 2 times damages + legal fees 2-14 A Contractor wants to borrow 50,000 for 1 year and the Bank will provide the funding as a Discounted Loan at 2%. What is the amount the Contract receives at loan closing? 12. A $50,000, discount due when paid 13. B $48,000, discounted immediately 14 C $52,000, full amount due at maturity 15. D $50,000, contract pays for $2,000 at closing - CORRECT ANSWER>>>>B $48,000, discounted immediately 14 3-74 Under the completed contract method, the contractor may realize the profit: a. When the bid is accepted by the owner b. When the contract is 50% complete c. When the project is nearly complete d. When the owner signs off on the final release - CORRECT ANSWER>>>>c. When the project is nearly complete 3-80 Records of employment taxes should be kept for IRS review for at least . a. 4 years b. 3 years c. 7 years d. They do not need to be kept - CORRECT ANSWER>>>>a. 4 years 2012 -Circular E-Page 4 Which of the following is the type of contract which provides payments to the contractor on the basis of direct labor hours at fixed hourly rates and which may include the cost of materials or other specified costs? A. Unit price B. Cost plus C. Time and material D. Fixed price - CORRECT ANSWER>>>>C. Time and material Pg. 3-79 According to the Contractor's Manual in the completed contracts method of accounting, a contract should be considered complete, if it has reached what percentage or more? A. 100% B. 98% C. 97% D. 95% - CORRECT ANSWER>>>>B. 98% Pg. 3-80 According to the Circular E, which of the following is the form used to claim credit for over payments? A. 940 B. 941 C. 944 D. B or C - CORRECT ANSWER>>>>D. B or C Circular E, Pg. 26 What is the filing deadline for a payroll tax return for the 2nd quarter for an employer who has deposited all taxes on time? A. July 1st B. July 31st C. August 1st D. August 10th - CORRECT ANSWER>>>>D. August 10th Circular-E Pg. 7 What is the FUTA tax rate for a Florida Company claiming full credit for the Florida Unemployment Compensation Tax? a. 8% b. 08 c. 6% d. 08% - CORRECT ANSWER>>>>c. 6% 2012 Circular E-29 Which of the following is NOT a correct expression of the relationship between owner's equity, totalassets, and total liabilities? A Assets = Liabilities + Net Worth B. Net Worth= Assets -Liabilities C. Owner's Equity + Liabilities = Assets D. Liabilities -Net Worth = Assets - CORRECT ANSWER>>>>C. Owner's Equity + Liabilities = Assets What is the "look back" period for determining the deposit schedule for taxes? A Last 1 quarter B. Last 2 quarters C. Last 3 quarters D. Last 4 quarters - CORRECT ANSWER>>>> Which of the following insurance policies would protect a company against employee embezzlement? a. Blanket crime policy b. Fidelity bond c. Comprehensive theft A laborer begins employment with your company in September of 1990. He quits in July of 1991. The I-9 form must be retained as a record until which of the following dates? A. September 1991 B. September 1992 C. September 1993 D. September 1994 - CORRECT ANSWER>>>>C. September 1993 5-58 Failure to file timely Florida Unemployment Compensation Reports will result in a penalty charge of_ _ per month or fraction of month that the report is delinquent. A $25 B. $50 C. $75 D. $100 - CORRECT ANSWER>>>>A $25 5-271 According to the American's with Disabilities Act, pre-employment medical examinations are: A. mandatory B. Unlimited. C. Required. D. Prohibited - CORRECT ANSWER>>>>A. mandatory 5-42 According to the Federal Rehabilitation Act of 1973, an aggrieved party must file a complaint of disability discrimination with the Office of Federal Contract Compliance Programs within _____days of the alleged discriminatory act. A. 7 B. 300 C. 90 D. 30 - CORRECT ANSWER>>>>B. 300 5-40 A non-exempt hourly employee works 50 hours in a week and is given a non- discretionary bonus of$100.His regular hourly rate is $10.00 . What is his calculated regular rate for the week? A. $7.50 B. $9.50 C. $10.00 D. $12.00 - CORRECT ANSWER>>>>D. $12.00 5-21 [(50 x $10) +100] / 50 = $12.00 CM (5-21) Which of the following IS required to be included in the regular rate of pay when calculating overtime in accordance with the Fair Labor Standards Act? A. A bonus that is defined as a discretionary bonus. B. A Christmas bonus given on a regular basis. C. A bonus that is paid as part of an employment agreement. D. A gift bonus. - CORRECT ANSWER>>>>C. A bonus that is paid as part of an employment agreement. 5-26 What is the maximum amount that can be garnished from an employee's wages according to the Consumer Credit Protection Act? A. 25% of weekly disposable earnings B. The amount by which weekly disposable earnings exceed thirty times the minimum wage C. The greater of A or B D. The lesser of A or B - CORRECT ANSWER>>>>D. The lesser of A or B 5-46 Which of the following is NOT true about a 16 year old working in Florida? A. Such a minor may NOT work in a field office. B. Such a minor may NOT work on scaffolding. C. Such a minor may NOT work more than 6 consecutive days in one school week. D. Such a minor may NOT work after 11 :00 pm on a school night. - CORRECT ANSWER>>>>A. Such a minor may NOT work in a field office. 5-31 A charge of age discrimination must be brought to the EEOC no later than: A. 300 days after the alleged discrimination B. 30 days after termination of the state administrative proceeding C. The LATER of A or B D. The EARLIER of A or B - CORRECT ANSWER>>>>D. The EARLIER of A or B 5-37 A contractor who knowingly makes false statements and does not comply with The Florida Worker's Compensation Law, may, upon conviction, be punished by a fine of not more than_____or by imprisonment for not more than ________. A. $500.00 -1 year B. $1,000.00 -1 year C. $1,000.00 -3 years D. $5,000.00 -5 years - CORRECT ANSWER>>>>A. $500.00 -1 year 5-54 If you, as a contractor, sublet any part of your contract work to a sub-contractor who is not covered by Workers' Compensation and one of his employees is injured on the job __________________. A. The sub-contractor must pay from his personal funds. B. You are liable for 1/3 the required compensation. C. You are liable for payment of compensation to that employee. D. The employee can receive no compensation. - CORRECT ANSWER>>>>C. You are liable for payment of compensation to that employee. 440.10 (1)(b) An installment of Workers' Compensation payable without an award is due on July 1st, but payment is delayed until July 10th. An additional _________should be added to the payment. a. 12%, $5.00 min. b. 20% c. 10% d. A and B - CORRECT ANSWER>>>>d. A and B 440.20 An employee refuses to observe safety rules and use safety equipment His Workers' Compensation _________. a. Will not be affected b. Will be reduced 25% c. Will be reduced 50% d. Will not be paid, because he contributes to an accident - CORRECT ANSWER>>>>b. Will be reduced 25% 440.09 In case of temporary partial disability, compensation shall be equal to 80 percent of the difference between _____________of the employee's average weekly wage and the pay the employee is able to earn. a. 90 percent b. 80 percent c. 20 percent d. 50 percent - CORRECT ANSWER>>>>b. 80 percent 440.15 Contractors Manual Square the numerator and multiply by 60. 3 x 3 = 9. 9 x 60 = 540 lbs. Note that '60' above, is the multiplier for Nylon, per chart on pg. Manilla rope is twisted in a ________ direction a. right hand b. left hand c. patterned d. torqued - CORRECT ANSWER>>>>a. right hand 7-50 OSHA regulations require that injury and illness records be retained in each establishment for ___________ calendar year(s) following the end of the year to which they relate. a. 1 b. 3 c. 5 d. 7 - CORRECT ANSWER>>>>D - 7 7-16 An employer with 40 employees is cited by OSHA for a high severity, greater probability violation. The employer has had one other citation in the last 3 years. Using ONLY the information given, what would be the proposed penalty for this violation? a. $5,000 b. $8,730 c. $10,907 d. $11,224 - CORRECT ANSWER>>>>B $8,730 7-32 (high severity, greater probability = base penalty of $12,471) (adjustment factor = -30% for 26 to 100 workers) Note: there is no 10% reduction for good past history because there was one other violation in the last 3 years Solution: $12,471 x .70 (100% -30%) = $8,730 proposed penalty What does OSHA stand for? A. Outdoors Safety and Hygiene Administration B. Occupational Safety and Health Association C. Occupational Safety and Health Act D. Occupational Services for the Handicapped Act - CORRECT ANSWER>>>>C. Occupational Safety and Health Act 7-3 According to the CM and OSHA, you must report the accidents resulting in more than 3 serious injuries within ___________ after learning of the incident. A. 24 hours B. 72 hours C. 8hours D. No more than 5 days - CORRECT ANSWER>>>>C. 8hours 7-28 According to the CM and OSHA, OSHA records for employees who report to a fixed location but work elsewhere should be kept at__________. A. Main office of the company B. Office where they are paid C. At the place where the employees report every day D. None of the above - CORRECT ANSWER>>>>C. At the place where the employees report every day 7-15 Which of the following injuries is not categorized as first aid case not recordable? A Non prescriptive medication B. Hot or cold therapy C. Drilling of a finger nail or toenail to relieve pressure D. Injuries that involve complications requiring follow up treatment - CORRECT ANSWER>>>>D. Injuries that involve complications requiring follow up treatment 7-24 When does common law indemnity apply? a. When the benefit party is guilty b. When the benefit party is not guilty c. When the benefit party nolo contendere d. When the benefit party is absent - CORRECT ANSWER>>>>b. When the benefit party is not guilty 8-15 As volume and cash profits increase, which of the following should be kept under control? A. Direct cost B. Margin of profit C. Fixed overhead D. Selling expenses - CORRECT ANSWER>>>>D. Selling expenses 8-91 Your company signed a contract on June1, 2016, which established a project completion time of eight months with a liquidated damages provision in the amount of $100 per day for each and every day over the eight month deadline. Due to an oversight, the owner failed to file a Notice of Commencement until August1, 2016. What is the effective first day that penalties will accrue to the project? A. March 2, 2016 B. March 1, 2016 C. March 2, 2017 D. April 2, 2017 - CORRECT ANSWER>>>>C. March 2, 2017 8 months after Feb 1, 2017 plus one day Your company was involved with a dispute with an owner over a contract to construct a 14,000 sq. ft.warehouse valued at $1,437,000. The original contract was signed February 4, 1999, and was brought to substantial completion on November 15, 1999. The dispute centers on a change order which was approved by owner and architect on October 21, 1999, but which the owner has refused to pay. Assuming the facts as stated and no additional information is provided, should your company prevail, it should be entitled to: A. The original contract price and the value of the change order plus special damages, if any. B. The original contract price and the value of the change order plus liquidated damages only. C. The original contract price and the value of the change order plus loss of profits only. D. The original contract price and the value of the change order only. - CORRECT ANSWER>>>>A. The original contract price and the value of the change order plus special damages, if any. 8-13 In order for a contractor to be assured he has the right to inspect and cure an alleged defect in construction, the contract must contain which of the following clauses in BOLD FACED TYPE? A. Ch. 489 Notice of Claim B. Ch. 455 Notice of Claim C. Ch. 558 Notice of Claim D. Ch. 713 Notice of Claim - CORRECT ANSWER>>>>C. Ch. 558 Notice of Claim 8-17 According to the Florida Contractors Manual, Which of the following are not one of the three essential items of a construction contract? A. what is to be performed or built B. when it will be built