LOUISIANA CONTRACTOR'S EXAM -
BUSINESS AND LAW EXAM QUESTIONS
WITH CORRECT ANSWERS GRADE A+
UPDATED 2026/2027
BidtShoppingt-CORRECTtANSWERS-tWhattoccurstwhentbidstaretrevealedttotcreatetmoretcompetition?
preventtdoublettaxationt-CORRECTtANSWERS-tWhattbenefitstdoestantStcorporationthave?
12tweekst-CORRECTtANSWERS-
tHowtmanytweekstaretemployeestentitledttotundertthetFamilytMedicaltLeavetAct
20tweekst-CORRECTtANSWERS-
tFederaltUnemploymentttaxtmusttbetpaidtaftertantemployeetworkst____tweeks
liabilities/assetst-CORRECTtANSWERS-tWhattistthetdebttratio?
$50,000t-CORRECTtANSWERS-
tAtcontractor'stlicensetistneededtwhentthetresidentialtprojecttistvaluedtovert___
whentsignedt-CORRECTtANSWERS-tWhentistatcontracttconsideredtaccepted?
Quantityttaketofftmethodt-CORRECTtANSWERS-tWhattistthetmosttaccuratetmethodtoftestimate?
$100.000t-CORRECTtANSWERS-tProjectstworththowtmuchtrequiretbondstundertthetMillertAct?
Liquidityt-CORRECTtANSWERS-tassets/liabilitytistwhichtratio?
Bidtbond
BUSINESS AND LAW EXAM QUESTIONS
WITH CORRECT ANSWERS GRADE A+
UPDATED 2026/2027
BidtShoppingt-CORRECTtANSWERS-tWhattoccurstwhentbidstaretrevealedttotcreatetmoretcompetition?
preventtdoublettaxationt-CORRECTtANSWERS-tWhattbenefitstdoestantStcorporationthave?
12tweekst-CORRECTtANSWERS-
tHowtmanytweekstaretemployeestentitledttotundertthetFamilytMedicaltLeavetAct
20tweekst-CORRECTtANSWERS-
tFederaltUnemploymentttaxtmusttbetpaidtaftertantemployeetworkst____tweeks
liabilities/assetst-CORRECTtANSWERS-tWhattistthetdebttratio?
$50,000t-CORRECTtANSWERS-
tAtcontractor'stlicensetistneededtwhentthetresidentialtprojecttistvaluedtovert___
whentsignedt-CORRECTtANSWERS-tWhentistatcontracttconsideredtaccepted?
Quantityttaketofftmethodt-CORRECTtANSWERS-tWhattistthetmosttaccuratetmethodtoftestimate?
$100.000t-CORRECTtANSWERS-tProjectstworththowtmuchtrequiretbondstundertthetMillertAct?
Liquidityt-CORRECTtANSWERS-tassets/liabilitytistwhichtratio?
Bidtbond