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100 Practice Questions for the Florida Contractors Manual (Correctly) Answered, 2024!!
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100 Practice Questions for the Florida Contractors Manual (Correctly) Answered, 2024!!
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Name: Score:90 Multiple choice questions
Term 1 of 90
What is the FUTA tax rate for a Florida Company claiming full credit for the Florida Unemployment
Compensation Tax?
8%
08
6%
08%
Term 2 of 90
An employer who has secured compensation under the provisions of this chapter shall ___________.
Keep posted in a conspicuous place printed notices stating that the employer has secured
the payment of compensation.
Deliver a typed or printed certificate of insurance to each employee.
Maintain proof of compensation insurance in an insurance compensation file.
Does not need to provide any of the above
Term 3 of 90
You have purchased $120,000 worth of builder's risk (property) insurance on a building worth
$200,000 with an 80% co-insurance clause. A fire loss causes $20,000. Disregarding any
deductible, what amount will the insurance company pay?
$20,000
$15,000
$12,000
$19,000
,Term 4 of 90
According to the American's with Disabilities Act, pre-employment medical examinations are:
mandatory
Unlimited.
Required.
Prohibited
Term 5 of 90
As volume and cash profits increase, which of the following should be kept under control?
Direct cost
Margin of profit
Fixed overhead
Selling expenses
Term 6 of 90
Which of the following injuries is not categorized as first aid case not recordable?
Non prescriptive medication
. Hot or cold therapy
. Drilling of a finger nail or toenail to relieve pressure
. Injuries that involve complications requiring follow up treatment
,Term 7 of 90
After signing an AIA 401 contract, a subcontractor who was not in privity began working on a
project. The official start date of the subcontractor's work was February 20, 2006. The notice of
commencement was filed on January 2, 2006. If the subcontractor is forced to file a lien in
accordance withF.S. 713, how many days after filing the lien does he have to notify the owner of
his action?
3
15
45
90
Term 8 of 90
Which of the following is not an implied term?
Payment will be made at the conclusion of the work
Lien rights may be waived in advance of performing the work
The contractor must furnish a contractor's final affidavit addressing payment to
subcontractors and suppliers before being entitled to final payment.
No party will interfere with or hinder the performance of any other party, but will cooperate
in good faith
Term 9 of 90
Which of the following is NOT an example of an exculpatory clause?
The owner is to indemnify the contractor.
The contractor is to hold the owner harmless.
The contractor must come to the defense of the owner.
The owner must not interfere with the contractor's schedule
, Term 10 of 90
The $5.00 fee imposed upon initial licensure and subsequent renewals is used ____________________.
to cover administrative costs
to offset inflation and increased salaries
to combat unlicensed activity
as a fee to help fund investigative background checks
Term 11 of 90
A properly registered fictitious name is valid for ________________
1 year
2 years
3 years
5 years
Term 12 of 90
An employee refuses to observe safety rules and use safety equipment His Workers'
Compensation _________.
Will not be affected
Will be reduced 25%
Will be reduced 50%
Will not be paid, because he contributes to an accident
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