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business and finance practice test 1 Questions and Answers
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business and finance practice test 1
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business and finance practice test 1Which of the following applies to a qualifying agent of corporation? A. He is only
qualified to act for the business during normal working hours
B. He is qualified to act for the corporation in all matters connected with its construction
business
C. He does have authority to supervise in all areas of the company's business
D. None of the above - answerHe is qualified to act for the corporation in all matters
connected with its construction business
CM 489.119
Shackles with crowns or pins more than ____________ % worn should be replaced and
destroyed.
A. 5 B. 10 C. 15 D. 20 - answer10
CM 7-79
The owner's right to carry out work begun by the contractor, but not completed, may
occur after giving the contractor(s) ______________ notice.
A. 1 B. 10 C. 7 D. 12 - answer10
A.I.A 201
Which of the following is a false statement concerning OSHA requirements?
A. A contracting firm owned and operated with two partners and no employees is
exempt from OSHA
B. An employer with 11 employees is not required to keep an OSHA log.
C. An employer, required to keep an OSHA log no. 300, must record a recordable injury
within 6 working days after receiving the information.
D. Records from OSHA no. 300 must be kept for 5 years. - answerAn employer with 11
employees is not required to keep an OSHA log.
CM 7-9
Which of the following is a correct example of a required form?
A. Application for employer identification number SS-5
B. Unemployment compensation tax return — UCT-6S
C. Employers quarterly tax return — form 942
D. Employers annual unemployment (fed.) tax return — form 941. -
answerUnemployment compensation tax return — UCT-6S
CM 1-15 +
A subcontractor may terminate a subcontract for non-payment of outstanding amounts
due under the subcontract for _____________ days. A. 2 B. 60 C. 30 D. 90 - answer60
CM 7.1
, Fictitious names are valid for _________ years.
A. 2 B. 5 C. 3 D. 7 - answer5
CM 1.14
An employer shall keep for at least __________ years all records of employment taxes.
A. 1 B. 2 C. 3 D. 4 - answer4
CM 3-160
Unemployment compensation records must be maintained for a period of ___________
years.
A. 3 B. 4 C. 5 D. 6 - answer5
CM 5.53
Which of the following is a lienable item?
A. Post office
B. V.A. Hospital
C. County courthouse
D. Leased car rental ticket counter in an airport - answerLeased car rental ticket counter
in an airport
CM
Supplemental wages include ______________.
A. Bonuses B. Commissions C. Overtime pay D. All of the above - answerAll of the
above
CM 3.172
The owner must prove financial capability no later than _____________ days prior to
the expiration of the time for withdrawal of bids.
A. 3 B. 5 C. 7 D. 30 - answer7
A.I.A 701 6.2.1
The breaking strength of 7/8" dacron rope is _____________.
A. 11,500 B. 10,400 C. 20,050 D. 18,000 - answer18,000
CM 7.54
. How many copies of the plans and specifications shall the contractor maintain on the
site?
A. 1 B. 2 C. 3 D. 4 - answer1
A.I.A 201 3.11
A contractor who loans his license may be fined up to _______________.
A. $1,000 B. $2,000 C. $3,000 D. $5,000 - answer$5,000
CM
Which of the following is a correct statement about schedules?
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