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CNMI Roofing Contractor Licensing – Residential
Exam Practice Questions And Correct
Answers||Verified Exam!!|| (Verified Answers) Plus
Rationales 2026 Q&A | Instant Download Pdf
When pulling a building permit, a copy of the______ will
be filed with the permitting authority.
A. Notice of commencement
B. Notice of lien
C. Notice of owner
D. Notice to bonding company - Answer-A. Notice of
commencement
A claimant who is not in privity with the contractor and who
has not received payment for his or her labor, services, or
material, must serve a notice of nonpayment on both the
contractor and surety within _____ days of the last
furnishing of labor, services or materials to the project.
A. 30
B. 60
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C. 90
D. 120 - Answer-C. 90
When a contractor writes off the expenses of a piece of
equipment over time, that process is called:
A. Accelerated depreciation
B. Depreciating a fixed asset
C. Depreciation of intangible property
D. Depreciating a current asset - Answer-B. Depreciating a
fixed asset
Who is responsible to maintain all job sites files and assist
with the cash flow report?
A. Project manager
B. Project superintendent
C. Project engineer
D. Project accountant - Answer-D. Project accountant
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Which of the following is NOT true of a general
partnership?
A. A partnership is terminated upon the death of a parnter
B. General partners have limited personal liability
C. Fringe benefits are not generally tax deductible
D. Partnership have minimal administrative costs -
Answer-B. General partners have limited personal liability
According to Florida construction lien laws, which of the
following is considered an improper payment by an owner
to a contractor?
A. A payment made before notice of commencement
expires
B. Before any notice to owner is received
C. After a notice to owner had been served and a waiver
of release has been obtained by the owner
D. Payment made by the owner after a notice to owner
has been served and before a waiver of release has been
obtained by the owner - Answer-D. Payments made by the
owner after a notice to owner has been served and before
a waiver of release has been obtained by the owner
CNMI Roofing Contractor Licensing – Residential
Exam Practice Questions And Correct
Answers||Verified Exam!!|| (Verified Answers) Plus
Rationales 2026 Q&A | Instant Download Pdf
When pulling a building permit, a copy of the______ will
be filed with the permitting authority.
A. Notice of commencement
B. Notice of lien
C. Notice of owner
D. Notice to bonding company - Answer-A. Notice of
commencement
A claimant who is not in privity with the contractor and who
has not received payment for his or her labor, services, or
material, must serve a notice of nonpayment on both the
contractor and surety within _____ days of the last
furnishing of labor, services or materials to the project.
A. 30
B. 60
,2|Page
C. 90
D. 120 - Answer-C. 90
When a contractor writes off the expenses of a piece of
equipment over time, that process is called:
A. Accelerated depreciation
B. Depreciating a fixed asset
C. Depreciation of intangible property
D. Depreciating a current asset - Answer-B. Depreciating a
fixed asset
Who is responsible to maintain all job sites files and assist
with the cash flow report?
A. Project manager
B. Project superintendent
C. Project engineer
D. Project accountant - Answer-D. Project accountant
, 3|Page
Which of the following is NOT true of a general
partnership?
A. A partnership is terminated upon the death of a parnter
B. General partners have limited personal liability
C. Fringe benefits are not generally tax deductible
D. Partnership have minimal administrative costs -
Answer-B. General partners have limited personal liability
According to Florida construction lien laws, which of the
following is considered an improper payment by an owner
to a contractor?
A. A payment made before notice of commencement
expires
B. Before any notice to owner is received
C. After a notice to owner had been served and a waiver
of release has been obtained by the owner
D. Payment made by the owner after a notice to owner
has been served and before a waiver of release has been
obtained by the owner - Answer-D. Payments made by the
owner after a notice to owner has been served and before
a waiver of release has been obtained by the owner
