FLORIDA ELECTRICAL BUSINESS EXAM 7
ASSESSMENT TEST 2026 TESTED QUESTIONS
WITH FULL SOLUTION GRADED A+
◉ Which of the following is not a depreciation method? Answer:
Accumulated cost depreciation
◉ Claims arising from damages that resulted from the contractors
work that already has been finished, would be covered by a ______
Answer: completed operations liability policy
◉ What is the purpose of the lien law payment bond? Answer: to
protect the owner's property from construction liens
◉ Under the civil rights act of 1964 the Americans with disabilities
act in the rehabilitation act of 1973 the maximum compensatory and
punitive damages a plaintiff may recover from an employer of 95
people is _____ Answer: $50,000
◉ What does a contractors Worker's Compensation premiums can
be reduced by any of the following except _____ Answer: Requiring
the employee to pay part of the premium
,◉ Under the Florida civil rights act of 1992 backpay liability is
limited to _____ months prior to filing of complaint, unless willful
violation is found. Answer: 24
◉ And employer with 100 employees decided by OSHA for a high
severity, greater probability violation. The employer has had one
other citation the last three years. Using only the information given
what would be the proposed penalty for this violation? Answer:
$10,795
◉ How long after the subcontractors, final furnishing of labor
services or materials for a job does the subcontractor have to record
a valid claim of lien? Answer: 90 days
◉ The quarterly federal tax for 941 summarizes tax liability for the
employer, and includes ______ Answer: Federal income taxes withheld
◉ They properly registered fictitious name is valid for ____ years
Answer: 5
◉ Which type of bond is a guarantee to the owner that the project
will be completed, according to the terms and conditions specified in
the contract? Answer: Performance bond
, ◉ according to the Internal Revenue Service employers must keep
all employment tax records, for at least, how many years? Answer: 4
years
◉ For purposes of unemployment compensation, misconduct
connected with work, does not include_____ Answer: Isolated
instances of negligence and poor judgment
◉ Which of the following companies would be required to have
Worker's Compensation insurance? Answer: A company in the
construction business that hires employees
◉ A notice to owner from a non-private in your must be sent within
____ days after the first furnishing of labor and materials. Answer: 45
◉ What financial information, summarize the existing conditions of
a business? Answer: The balence sheet
◉ On a multi Contractor job, which of the following is true, regarding
the posting of OSHA posters? Answer: Poster must be posted on all
job site where employees can see them, and each contractor on the
project must display their own posters
ASSESSMENT TEST 2026 TESTED QUESTIONS
WITH FULL SOLUTION GRADED A+
◉ Which of the following is not a depreciation method? Answer:
Accumulated cost depreciation
◉ Claims arising from damages that resulted from the contractors
work that already has been finished, would be covered by a ______
Answer: completed operations liability policy
◉ What is the purpose of the lien law payment bond? Answer: to
protect the owner's property from construction liens
◉ Under the civil rights act of 1964 the Americans with disabilities
act in the rehabilitation act of 1973 the maximum compensatory and
punitive damages a plaintiff may recover from an employer of 95
people is _____ Answer: $50,000
◉ What does a contractors Worker's Compensation premiums can
be reduced by any of the following except _____ Answer: Requiring
the employee to pay part of the premium
,◉ Under the Florida civil rights act of 1992 backpay liability is
limited to _____ months prior to filing of complaint, unless willful
violation is found. Answer: 24
◉ And employer with 100 employees decided by OSHA for a high
severity, greater probability violation. The employer has had one
other citation the last three years. Using only the information given
what would be the proposed penalty for this violation? Answer:
$10,795
◉ How long after the subcontractors, final furnishing of labor
services or materials for a job does the subcontractor have to record
a valid claim of lien? Answer: 90 days
◉ The quarterly federal tax for 941 summarizes tax liability for the
employer, and includes ______ Answer: Federal income taxes withheld
◉ They properly registered fictitious name is valid for ____ years
Answer: 5
◉ Which type of bond is a guarantee to the owner that the project
will be completed, according to the terms and conditions specified in
the contract? Answer: Performance bond
, ◉ according to the Internal Revenue Service employers must keep
all employment tax records, for at least, how many years? Answer: 4
years
◉ For purposes of unemployment compensation, misconduct
connected with work, does not include_____ Answer: Isolated
instances of negligence and poor judgment
◉ Which of the following companies would be required to have
Worker's Compensation insurance? Answer: A company in the
construction business that hires employees
◉ A notice to owner from a non-private in your must be sent within
____ days after the first furnishing of labor and materials. Answer: 45
◉ What financial information, summarize the existing conditions of
a business? Answer: The balence sheet
◉ On a multi Contractor job, which of the following is true, regarding
the posting of OSHA posters? Answer: Poster must be posted on all
job site where employees can see them, and each contractor on the
project must display their own posters
