CONTRACTORS EXAM QUESTIONS
WITH 100% CORRECT ANSWERS
\.You have _____ days to replace a qualified employee.
a. 10
b. 30
c. 60
d. 90 - ANSWERS-30
\.Which of the following is included in company overhead?
a.Advertising
b. Equipment
c. Project Payroll
d. Supervisor salary - ANSWERS-Advertising
\.A quorum shall consist of _____ members of the Nevada State
Contractors Board.
a. 3
,b. 4
c. 5
d. 7 - ANSWERS-4
\.A death must be reported to OSHA within ______.
a. 1 hour
b. 8 hours
c. 24 hours
d. 3 days - ANSWERS-8 hours
\.What summarizes profit making activities over a specific period of
time?
a. Profit & Loss schedule
b. Critical Path schedule
c. Cash Disbursement Schedule
d. Cash Flow Schedule - ANSWERS-Profit & Loss schedule
\.What a general building contractor does not need to tell a customer
with they have a contract?
a. names of his sub contractors
b. names of material suppliers
c. answers a &b are correct
, d. names of individual laborers on the project - ANSWERS-names of
individual laborers on the project
\.The disadvantage of cash basis accounting versus accrual basis
accounting is what?
a. the cash basis will show what had been collected and paid out, but
not what has been earned
b. nothing
c. the cash basis is easiest form to maintain
d. cash basis records income when money is recieved - ANSWERS-the
cash basis will show what had been collected and paid out, but not
what has been earned
\.The term week week in the FLSA is defined as what?
a. 40 hours
b. 168 hours
c. whatever the employer sets it as
d. any of the above - ANSWERS-168 hours
\.Youths age _____ may perform any nonhazardous job, for unlimited
hours.
a. 18
b. 19