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CSLB CONTRACTOR'S LAW & BUSINESS EXAM 2024 QUESTIONS & ANSWERS VERIFIED 100% CORRECT!!
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CSLB CONTRACTOR'S LAW & BUSINESS EXAM 2024 QUESTIONS & ANSWERS VERIFIED 100% CORRECT!!
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Name: Score:196 Multiple choice questions
Term 1 of 196
After the building plans are approved, what is the next step?
The first step after a building plan is approved is to review the plans for errors and
corrections.
The first step after a building plan is approved is to submit it to the city for permits.
The first step after a building plan is approved is to begin construction immediately.
The first step after a building plan is approved is to notify the clients of the approval.
Term 2 of 196
If no notice of completion or cessation is given on a job, how many days does a contractor have
to file a mechanics' lien after completion of work?
If No notice of completion or cessation is given a contractor has 30 days to file a
mechanics' lien after completion.
If NO notice of completion or cessation is given a contractor has 90 days to file a
mechanics' lien after completion.
If No notice of completion or cessation is given a contractor has 60 days to file a
mechanics' lien after completion.
If No notice of completion or cessation is given a contractor has 120 days to file a
mechanics' lien after completion.
,Term 3 of 196
Who must sign a joint control addendum to a home improvement contract?
Owner, contractor, and joint control officer.
Only the owner and contractor.
The contractor and the joint control officer only.
Any two of the three parties involved.
Definition 4 of 196
The following Wednesday.
The customer has the right to cancel 3 business days after the day the contract has been signed
and delivered to the. In this case: Saturday Midnight day one. Monday midnight day two
Wednesday Midnight day three. NOTE: Sunday and Tuesday were not business days since Tuesday
was a holiday. Correct answer is Wednesday midnight.
If a contractor has temporary cash-flow problems, what is a good way to get through the
crisis?
What is the maximum allowed travel distance from any point of a work area to a fire
extinguisher "Class "A"?
When is the last day a customer can cancel a contract that was signed on Friday, December
21st?
When is an employee allowed to view their own personnel file?
,Term 5 of 196
Direct costs are $7,200, overhead is 12%, and profit is 10%. What is the selling price?
You must notify the regional UAS alert notification center at least 2 days before and no
more than 14 days before starting excavation work.
The IIPP Injury and Illness Prevention Program takes the form of a written plan that includes
procedures and that is put into practice and documented.
Inform the owner that the subcontractor has not been paid by the prime, and the owner
must set aside sufficient funds to pay the subcontractor's bill
$9,230.77
Take 10% plus 10%=22% subtract 22% from 100 %= 78% now divide the total cost of $7,200 by
78%=$9,230.76 round up to $9,230.77.
Term 6 of 196
The federal Employer Identification Number (EIN) is issued by the:
The Internal Revenue Service
The Board Of Equalization
The Us Department Of The Treasury
The United States Department Of Labor
Term 7 of 196
A balance sheet shows:
A balance sheet shows cash flow for a specific month.
A balance sheet shows revenues and expenses over a period of time.
A balance sheet shows only the assets of a company.
A balance sheet shows assets and liabilities at a certain point in time.
, Term 8 of 196
A subcontractor who does not serve a preliminary notice:
May not serve a stop notice but may file a mechanics' lien.
May not file a mechanics' lien but may serve a stop notice
loses both stop and mechanics's lien rights
Loses nothing because subcontractors are not required to serve preliminary notices.
Term 9 of 196
How often should a job supervisor or responsible managing employee visit the job site?
Once a day
A balance sheet.
Once a week
Once a month
Term 10 of 196
What happens after an employee's taxable wages exceed $7,000?
Employees must start paying futa after their wages exceed $7,000.
After $7,000, the employer does not pay FUTA.
The employer pays futa only for the first $7,000 of each employee's wages.
The employer must pay additional taxes for every dollar earned after $7,000.
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