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CA Contractor's Law and Business Test 4-Solved
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CA Contractor's Law and Business Test 4-Solved
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CA Contractor's Law and Business Test4-Solved
Why would there be a difference between the actual inventory and the inventory shown
on paper?
Click here to select answer A.
It is a common occurrence because of factors such as theft, natural loss, and mistakes.
Click here to select answer B.
You always underestimate what you have in inventory.
Click here to select answer C.
You calculated what you have in inventory by subtracting only what goes into the
finished product.
Click here to select answer D.
There never is a substantial difference. - Answer- A
What is the biggest problem facing new contractors when trying to obtain a
"Performance" or "Bid" bond
Click here to select answer A.
they don't have a broker
Click here to select answer B.
no prior track record
Click here to select answer C.
poor credit
Click here to select answer D.
none of the above - Answer- B
The minimum fine for unlawful asbestos removal is:
Click here to select answer A.
$1,000
, Click here to select answer B.
$3,000
Click here to select answer C.
$5,000
Click here to select answer D.
$7,000 - Answer- A
When can a contractor accept a job where the owner does not have a pre-approved
loan?
Click here to select answer A.
When there is an emergency situation and the owner has a high income and good
credit.
Click here to select answer B.
When the owner has bad credit.
Click here to select answer C.
When the owner has an amount in the bank equal to the contract cost.
Click here to select answer D.
When the owner seems kind and has an honest reputation. - Answer- A
Is the Form 1099-MISC required for a corporation that provided $600 in services as an
independent contractor during the calendar year?
Click here to select answer A.
Yes. Form 1099-MISC is required because the corporation is an independent contractor
that was paid $500 or more.
Click here to select answer B.
No. Form 1099-MISC is not required unless an independent contractor is paid over
$1,000 in a calendar year.
Click here to select answer C.
No. Form 1099-MISC is not required for corporations with certain exceptions.
Click here to select answer D.
Yes. Form 1099-MISC is required for all individuals, partnerships, and corporations that
provided services as an independent contractor during the calendar year. - Answer- C
,A contractor sues an owner for refusing to make final payment after the job was
completed. The owner is demanding changes. What could the contractor have done to
prevent the lawsuit?
Click here to select answer A.
The contractor could have asked the workers to testify.
Click here to select answer B.
The contractor could have walked the job with the owner and had the owner sign a job
completion form.
Click here to select answer C.
The contractor could have just walked the job with the owner.
Click here to select answer D.
All of the above. - Answer- B
How can a new employee learn about the safety record of a company?
Click here to select answer A.
The employer must post a summary record of job-related injuries and illnesses once a
year.
Click here to select answer B.
View a Cal/OSHA safety video tape.
Click here to select answer C.
Call the Cal/OSHA consultant services.
Click here to select answer D.
None of the above. - Answer- A
Insurance Requirements for Public Works projects, the insurance must provide:
Click here to select answer A.
Workers' Compensation as required by the Labor of the State of California and
Employers Liability Insurance
Click here to select answer B.
Commercial general liability coverage
, Click here to select answer C.
Automobile Liability for all owned and non-owned and hired automobiles
Click here to select answer D.
All of the above. - Answer- D
Of the following, who may file a mechanics' lien?
Click here to select answer A.
manufacturers of construction materials and subcontractors
Click here to select answer B.
manufacturers of construction materials and clients
Click here to select answer C.
clients and subcontractors
Click here to select answer D.
architects and subcontractors - Answer- D
Every original license, except an additional classification issued shall be a probationary
license until:
Click here to select answer A.
the license is renewed
Click here to select answer B.
information is brought to the attention of the registrar, during such probationary period,
regarding any act or omission of the licensee constituting grounds for denial, revocation,
or suspension of an application or license.
Click here to select answer C.
A&B
Click here to select answer D.
None of the above. - Answer- C
A time card includes the day and hours the person worked, as well as:
Click here to select answer A.
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