CSLB general B Practice Questions: Latest Updated A+
Score Solution
Abandonment of contract - ANSWERabandonment of contract to cease intending or
attempting to perform without legal excuse of any construction project or operation
engaged in or undertaken by the licensee as a contractor shall be cause for
disciplinary action
Abeyance - ANSWERcondition in which ownership is undetermined
Abstract - ANSWERA summary to the history of the legal title to a piece of property;
summary of a document; itemized list of building materials
Abstract of judgement - ANSWERSummary of a court decision
Abstract of Title - ANSWERShort history of the title to a tract of land; includes
description of land, all deeds, mortgages, wills, judgments, liens, foreclosures, and
releases
Acceptable - ANSWER1. satisfactory performance 2. meeting the conditions under
which a project is judged to be complete
Accepted BID - ANSWERThe bid or proposal; accepted by the owner or a
representative as the basis of entering into an agreement for the proposed
construction
Access - ANSWER1. Ability to reach something 2. a passageway or means of reaching
an area of a building or a piece of equipment that is concealed 3. also a term used in
building construction referring to points at which concealed equipment be reached
for inspection and repair see assessabile
Accessible - ANSWERWithin reach
Accident - ANSWERIn insurance terminology; a sudden unexpected event identifiable
as to time and place and unplanned event
Account - ANSWER1. A financial fund 2. a record of financial transactions 3. Credit
extended to a customer 4. A customer 5. A commercial relationship involving credit
6. A record of a business transaction a contract agreement written or unwritten to
purchase and take delivery with payment to be made later
Account balance - ANSWERThe difference between the debt and the credit sides of
an account
Accountant - ANSWER1. A person who specializes in working with financial records
or accounts 2. one who is skilled at keeping business records usually a highly trained
, professional rather than one who keeps books. An accountant can set up the books
needed for a business to operate and help the owner understand them
Accounting period - ANSWERA time interval at the end of which an analysis is made
of the information contained in the bookkeeping records. also; the period of time
covered up by the profit and loss statement
Accounts payable - ANSWER1. Payments you owe to someone else 2. Money you
owe to an individual or business for goods or services that have been received but
not yet paid for
Accounts receivable - ANSWER1. payments owed to you 2. Money owed to your
business for goods or services that have been delivered but not yet paid for
Accretion - ANSWERIncrease of land area through natural causes such as the build
up of sediments
Accrual accounting - ANSWERRecording income as accounts receivable when earned
and recording debts as accounts payable when they are incurred. also; called
"Accrual Base accounting"
Accrual Basis - ANSWERA method of keeping accounts that shows expenses incurred
and income earned for a given fiscal period. Even though such expenses and income
have not been actually paid or received in cash see accrual accounting
Accuracy - ANSWERCorrectness; agreement with a standard
Accurate - ANSWERWithout Error; conforming to a standard
Acquest - ANSWERTo acquire property by purchase
Acquiescence - ANSWERAccepting or complying without objection, thus implying the
waiver of the right to a legal action
Act: Section 107 - ANSWEROf the Contract Work Hours and Safety Standards Act,
commonly known as the Construction Safety Act
Act of God - ANSWERAnd unforeseeable and sudden natural force, such as a
tornado, lightning strike, earthquake, or flash flood. Insurance companies often
exclude "Acts of God" from insurance protection. 2. A natural act of violence, such as
a storm, flood, earthquake, or other Cataclysmic act of nature
Action - ANSWER1. The process of doing 2. A mechanism 3. A legal proceeding 4.
Lawsuit
Actionable - ANSWERAffording grounds for a lawsuit
Score Solution
Abandonment of contract - ANSWERabandonment of contract to cease intending or
attempting to perform without legal excuse of any construction project or operation
engaged in or undertaken by the licensee as a contractor shall be cause for
disciplinary action
Abeyance - ANSWERcondition in which ownership is undetermined
Abstract - ANSWERA summary to the history of the legal title to a piece of property;
summary of a document; itemized list of building materials
Abstract of judgement - ANSWERSummary of a court decision
Abstract of Title - ANSWERShort history of the title to a tract of land; includes
description of land, all deeds, mortgages, wills, judgments, liens, foreclosures, and
releases
Acceptable - ANSWER1. satisfactory performance 2. meeting the conditions under
which a project is judged to be complete
Accepted BID - ANSWERThe bid or proposal; accepted by the owner or a
representative as the basis of entering into an agreement for the proposed
construction
Access - ANSWER1. Ability to reach something 2. a passageway or means of reaching
an area of a building or a piece of equipment that is concealed 3. also a term used in
building construction referring to points at which concealed equipment be reached
for inspection and repair see assessabile
Accessible - ANSWERWithin reach
Accident - ANSWERIn insurance terminology; a sudden unexpected event identifiable
as to time and place and unplanned event
Account - ANSWER1. A financial fund 2. a record of financial transactions 3. Credit
extended to a customer 4. A customer 5. A commercial relationship involving credit
6. A record of a business transaction a contract agreement written or unwritten to
purchase and take delivery with payment to be made later
Account balance - ANSWERThe difference between the debt and the credit sides of
an account
Accountant - ANSWER1. A person who specializes in working with financial records
or accounts 2. one who is skilled at keeping business records usually a highly trained
, professional rather than one who keeps books. An accountant can set up the books
needed for a business to operate and help the owner understand them
Accounting period - ANSWERA time interval at the end of which an analysis is made
of the information contained in the bookkeeping records. also; the period of time
covered up by the profit and loss statement
Accounts payable - ANSWER1. Payments you owe to someone else 2. Money you
owe to an individual or business for goods or services that have been received but
not yet paid for
Accounts receivable - ANSWER1. payments owed to you 2. Money owed to your
business for goods or services that have been delivered but not yet paid for
Accretion - ANSWERIncrease of land area through natural causes such as the build
up of sediments
Accrual accounting - ANSWERRecording income as accounts receivable when earned
and recording debts as accounts payable when they are incurred. also; called
"Accrual Base accounting"
Accrual Basis - ANSWERA method of keeping accounts that shows expenses incurred
and income earned for a given fiscal period. Even though such expenses and income
have not been actually paid or received in cash see accrual accounting
Accuracy - ANSWERCorrectness; agreement with a standard
Accurate - ANSWERWithout Error; conforming to a standard
Acquest - ANSWERTo acquire property by purchase
Acquiescence - ANSWERAccepting or complying without objection, thus implying the
waiver of the right to a legal action
Act: Section 107 - ANSWEROf the Contract Work Hours and Safety Standards Act,
commonly known as the Construction Safety Act
Act of God - ANSWERAnd unforeseeable and sudden natural force, such as a
tornado, lightning strike, earthquake, or flash flood. Insurance companies often
exclude "Acts of God" from insurance protection. 2. A natural act of violence, such as
a storm, flood, earthquake, or other Cataclysmic act of nature
Action - ANSWER1. The process of doing 2. A mechanism 3. A legal proceeding 4.
Lawsuit
Actionable - ANSWERAffording grounds for a lawsuit
