Florida State Business & Finance Exam Study Guide -
Volume 1 - Sec on 2. A Licensing - Prac ce Test 1/ FL
Business and Finance Prac ce Test
What is not an ac on requiring disciplinary proceedings by the Construc on Industry Licensing
Board?
Abandonment of a construc on project in which the contractor is engaged or under contract as
a contractor, due to a lack of payment.
The board may revoke, suspend, or deny the issuance or renewal of the ______ of a contractor
or impose an administra ve fine not to exceed $10,000, place the contractor on proba on,
reprimand, or censure.
Registra on or cer fica on.
A "residen al contractor" means a contractor whose services are limited to construc on,
remodeling, repair, or improvement of one-, two-, and three-family residences, not exceeding
______ stories in height.
Three.
Registra on allows a registrant to engage in contrac ng __________.
In coun es and municipali es where he has complied.
The _____________ shall be used in all contractor adver sing.
Cer fica on of registra on number.
Failure to renew at the me of the biennial renewal will result in the cer fica on or registra on
of a contractor's license being ___________.
Delinquent.
Contractors that are licensed at the local level must ____________.
Register with the State Construc on Industry Licensing Board.
An applicant for a registered contractor's license is required to __________.
, Show successful compliance with local examina on.
An ac ve cer fied residen al contractor is eligible to take the general contractor's examina on
if he possesses a minimum of _________ years of proven experience in the classifica on in
which he is cer fied.
4
A general contractor who was licensed a3er 1973 is qualified to __________.
Install sewer mains in the course of developing a site.
A college educa on plus _______ year(s) of experience can qualify a person for licensure.
One.
An applicant for cer fica on or registra on must provide proof of all but which types of
insurance?
Workers Compensa on
Public liability
Property damage
Automobile insurance <------ Correct answer.
Each registrant or cer ficate holder must renew the registra on or cer ficate every _________.
Two years.
An unlicensed contractor causes $15,000 in damage to a consumer because of his negligence.
The contractor is subject to a fine up to ______ plus a>orney's fees and costs.
$10,000
If a contractor abandoned a job that he collected $10,000 or more than he was en tled to he
has ____ days to refund the over payment.
30
FL Business and Finance Prac ce Test
The owner must prove financial capability no later than ________ days prior to the expira on of
the me for withdrawal of bids. A. 3 B. 5 C.7 D.30
Answer: C. 7 - AIA 701.6.2
How many copies of the plans and specifica ons shall the contractor maintain on site? A. 1 B. 2
C. 3 D. 4
Volume 1 - Sec on 2. A Licensing - Prac ce Test 1/ FL
Business and Finance Prac ce Test
What is not an ac on requiring disciplinary proceedings by the Construc on Industry Licensing
Board?
Abandonment of a construc on project in which the contractor is engaged or under contract as
a contractor, due to a lack of payment.
The board may revoke, suspend, or deny the issuance or renewal of the ______ of a contractor
or impose an administra ve fine not to exceed $10,000, place the contractor on proba on,
reprimand, or censure.
Registra on or cer fica on.
A "residen al contractor" means a contractor whose services are limited to construc on,
remodeling, repair, or improvement of one-, two-, and three-family residences, not exceeding
______ stories in height.
Three.
Registra on allows a registrant to engage in contrac ng __________.
In coun es and municipali es where he has complied.
The _____________ shall be used in all contractor adver sing.
Cer fica on of registra on number.
Failure to renew at the me of the biennial renewal will result in the cer fica on or registra on
of a contractor's license being ___________.
Delinquent.
Contractors that are licensed at the local level must ____________.
Register with the State Construc on Industry Licensing Board.
An applicant for a registered contractor's license is required to __________.
, Show successful compliance with local examina on.
An ac ve cer fied residen al contractor is eligible to take the general contractor's examina on
if he possesses a minimum of _________ years of proven experience in the classifica on in
which he is cer fied.
4
A general contractor who was licensed a3er 1973 is qualified to __________.
Install sewer mains in the course of developing a site.
A college educa on plus _______ year(s) of experience can qualify a person for licensure.
One.
An applicant for cer fica on or registra on must provide proof of all but which types of
insurance?
Workers Compensa on
Public liability
Property damage
Automobile insurance <------ Correct answer.
Each registrant or cer ficate holder must renew the registra on or cer ficate every _________.
Two years.
An unlicensed contractor causes $15,000 in damage to a consumer because of his negligence.
The contractor is subject to a fine up to ______ plus a>orney's fees and costs.
$10,000
If a contractor abandoned a job that he collected $10,000 or more than he was en tled to he
has ____ days to refund the over payment.
30
FL Business and Finance Prac ce Test
The owner must prove financial capability no later than ________ days prior to the expira on of
the me for withdrawal of bids. A. 3 B. 5 C.7 D.30
Answer: C. 7 - AIA 701.6.2
How many copies of the plans and specifica ons shall the contractor maintain on site? A. 1 B. 2
C. 3 D. 4
