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Michigan Builders Business/Law/Accounting Exam Questions and Answers 100% Pass
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Michigan Builders Business/Law/Accounting Exam Questions and Answers 100% Pass Verification Form I-9 must be completed by applicants providing proof of identity and employment eligibility within ______ of employment. - ANSWER-3 days What type of business is the easiest to establish and allows t...

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  • November 18, 2024
  • 31
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • michigan builders businesslawaccounting exam que

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  • Michigan builders license
  • Michigan builders license

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SophiaBennett

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Michigan Builders Business/Law/Accounting
Exam Questions and Answers 100% Pass


Verification Form I-9 must be completed by applicants providing proof of identity and

employment eligibility within ______ of employment. - ANSWER✔✔-3 days


What type of business is the easiest to establish and allows the owner to determine how

profits are used although they are personally liable for all debt and assets? -

ANSWER✔✔-Sole Proprietorship


A ______is a joint co-owner partnership established to specifically increase bonding and

bidding capacities and profits. - ANSWER✔✔-General Proprietorship


Provisions of the Americans with Disabilities (ADA) Law apply to employers having

_____ employees. - ANSWER✔✔-15 or more


What Federal Act requires those working on federal and federally funded construction

projects to be paid a minimum prevailing wage for their trade? - ANSWER✔✔-Davis

Bacon


Which of the following are fringe benefits that supplement an employee's hourly wage?

- ANSWER✔✔-Paid vacation, sick leave, 401k plan company vehicle




Copyright ©SOPHIABENNETT 2025 ACADEMIC YEARALL RIGHTS RESERVED. Page 1/31

,To avoid being held liable, the contractor must file a _______ once the lien payment is

received. - ANSWER✔✔-Lien release


What is the Michigan Act 230? - ANSWER✔✔-It creates the Commission and regulates

code and inspections in the State.


What unit is issued a Certificate of Acceptability and will not be inspected at the site? -

ANSWER✔✔-Manufactured home


What is the purpose of the subcontractor completing a Sworn Statement? -

ANSWER✔✔-To get paid by the contractor


What is the purpose of a Partial Unconditional Waiver? - ANSWER✔✔-To prove that

partial payment to subs or suppliers has been received.


The subcontractor has ______ to file a lien against the property for non-payment from

the contractor. - ANSWER✔✔-90 days


What is the penalty to contractors or subcontractors for intentionally trying to defraud

employees or a customer? - ANSWER✔✔-A fine of no more than $5,000 and/or 3 yrs in

prison


In accordance with the Michigan Construction Lien Act, the homeowner has _____ to

provide signed copies of the Commencement Agreement to the all parties that request

it. - ANSWER✔✔-10 days




Copyright ©SOPHIABENNETT 2025 ACADEMIC YEARALL RIGHTS RESERVED. Page 2/31

,The contractor provides a blank Notice of Furnishing to whomever requests the

Commencement Agreement. It must be completed and returned to the contractor every

________. - ANSWER✔✔-20 days if they are a supplier; 30 days if they are a laborer


If a builder is required to be licensed, the penalty for working without a license ____. -

ANSWER✔✔-is a fine no less that $5,000 or greater than $25,000


Upon final order of license suspension or revocation, the licensee has _____ in which to

surrender their license to the Department. - ANSWER✔✔-10 days


Failing to renew one's license before the deadline will result in a _____. - ANSWER✔✔-

$20 late fee


How long does the homeowner/business have to file a complaint after the project is

completed? - ANSWER✔✔-18 months


What aids and protects the contractor from accusations of project abandonment without

a good legal excuse? - ANSWER✔✔-The arbitration clause


To avoid being fined, the contractor must notify the Department within _____ of

relocating their business or changing the business' name. - ANSWER✔✔-10 days


Definitively, a _______ is a person that constructs, replaces, improves, or demolishes

residential or commercial structures for a fixed or lump sum price or fee. -

ANSWER✔✔-Licensed Residential Builder




Copyright ©SOPHIABENNETT 2025 ACADEMIC YEARALL RIGHTS RESERVED. Page 3/31

, When can a subcontractor work without being licensed? - ANSWER✔✔-When they are

working under a licensed contractor that is not a mechanical contractor


An owner/landlord is not permitted to do their own building alterations _______. -

ANSWER✔✔-When the repairs are structural in nature


A complaint is _______ when it cannot be resolved at the informal investigative hearing.

- ANSWER✔✔-referred to the Administrative Law Hearing Examiner


What body assesses the penalty and issues the "Final Order" to settle the complaint? -

ANSWER✔✔-The Board


How long does the Respondent have to appeal the "Final Order" decision? -

ANSWER✔✔-30 days


Who appoints the Director of the Department? - ANSWER✔✔-The Governor with

consent of the Senate


How long does the Board serve? - ANSWER✔✔-4 yrs


A Builder's incompetence refers to _________. - ANSWER✔✔-failure to conform to

minimum accepted professional standards


What required bond is a percentage of the project cost put up by the builder to ensure

the homeowner or business the project will eventually be completed? - ANSWER✔✔-

Performance Bond




Copyright ©SOPHIABENNETT 2025 ACADEMIC YEARALL RIGHTS RESERVED. Page 4/31

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