MICHIGAN BUILDERS LICENSE EXAM PRACTICE
EXAM AND STUDY GUIDE NEWEST 2024 ACTUAL
EXAM 250 QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) ||ALREADY
GRADED A+
Liam the contractor is doing some excavating work for his sister, and realizes too late that the angle of
the slope of his excavation is greater than the angle of repose. The structure collapses, and his sister
ends up hiring someone else. What should Liam have done differently - CORRECT ANSWER-Installed a
retaining wall to hold the slope back
Match inflow and outflow of cash and place both in the same tax period - CORRECT ANSWER-When it
comes to comparing short term and long term income with the timeframe when costs and expenses
were incurred, it would be best to
If a contractors FUTA liability exceeds _________ then FUTA taxes are deposited quarterly - CORRECT
ANSWER-500
A document which shows the financial position of a company for the year, also called a profit and loss
statement is known as ____________ - CORRECT ANSWER-Income Statement
The Function of the balance sheet is to ________ - CORRECT ANSWER-Show the financial condition of
the business on a specific date
The amount remaining after deducting direct and indirect costs from revenues is known as______ -
CORRECT ANSWER-Net Total Profit
The ______ summarizes the cash inflows and outflows from operating, investing, and financing activities
during a specific time. - CORRECT ANSWER-Cash Flow Statement
What tax is deducted (withheld) solely from employees wages - CORRECT ANSWER-Income Tax
What is the disadvantage of using the accrual method of accounting? - CORRECT ANSWER-This system
requires more record keeping.
,What is a form W-3 - CORRECT ANSWER-Employers summary of W-2s issued to employees
Jasmine the contactor is having a busy year for work. She has three long term projects going on at once,
and there have been at least 10 short term projects completed throughout the year. Jasmine does her
own book keeping, and the best practice would be for her to do what? - CORRECT ANSWER-Keep
separate ledgers for short term and long term accounts receivable
Fire blocking can be required in walls over_____ high - CORRECT ANSWER-10'
When a plywood panel is graded by the quality of its veneer, adhesives used, number of layers and its
dimensions, this is known as the ________ of grading - CORRECT ANSWER-Prescriptive method
When installing board paneling, the first board to be installed should be scribed in a position plumb to
the adjacent wall and undercut by _________. - CORRECT ANSWER-5 degrees
The molding or trim around a doorway or window is called _______ - CORRECT ANSWER-Th casing
Fastening schedules show the _____ code requirements for the quality and safety of framing and
structural design. - CORRECT ANSWER-Minimum
Ideal riser height for a stairway is_______ - CORRECT ANSWER-7"
A straight Run of stairs is called ______ - CORRECT ANSWER-Flight
Why do Trusses have triangular shapes? - CORRECT ANSWER-Because they must be able to withstand
lateral and crushing forces.
_______ can save time when compared to pouring concrete into a project specific form and waiting for
it to cure. - CORRECT ANSWER-Concrete Panels
The biggest percentage of concrete mix is due to ________ - CORRECT ANSWER-aggregate
, A _______ is a wide, flat metal or wood pad that is pushed back and forth over concrete to make an
even surface. - CORRECT ANSWER-Bullfloat
_______ do not require the formwork of solid concrete foundation walls, but do need reinforcement
from rebar or pilasters. - CORRECT ANSWER-Concrete blocks
What is the minimum size and location of rebar in a footing supporting a monolithic slab? - CORRECT
ANSWER-2/4 and located within the middle third of the depth
If a slab will have no significant traffic crossing the joint, a ______ is acceptable to use. - CORRECT
ANSWER-Plain Butt joint
In a sidewalk or walkway ______ is a gap between portions of concrete that is filled with flexible
material. - CORRECT ANSWER-An Expansion Joint
The sand added to cement mixture is know as - CORRECT ANSWER-Fine Aggregate
Crazing is ______ - CORRECT ANSWER-The appearance of fine cracks that appear in irregular patterns
over the concrete surface,
Which is NOT one of the more common admixtures? - CORRECT ANSWER-Water expanders
Elements of a contract include - CORRECT ANSWER-Consideration
An offer
Acceptance of an Offer
A warranty period usually lasts how much time? - CORRECT ANSWER-One year form the time the project
ended
When is a party in breach of a contract - CORRECT ANSWER-When there is a failure to fully and properly
perform a duty and no legal excuse sufficient
EXAM AND STUDY GUIDE NEWEST 2024 ACTUAL
EXAM 250 QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) ||ALREADY
GRADED A+
Liam the contractor is doing some excavating work for his sister, and realizes too late that the angle of
the slope of his excavation is greater than the angle of repose. The structure collapses, and his sister
ends up hiring someone else. What should Liam have done differently - CORRECT ANSWER-Installed a
retaining wall to hold the slope back
Match inflow and outflow of cash and place both in the same tax period - CORRECT ANSWER-When it
comes to comparing short term and long term income with the timeframe when costs and expenses
were incurred, it would be best to
If a contractors FUTA liability exceeds _________ then FUTA taxes are deposited quarterly - CORRECT
ANSWER-500
A document which shows the financial position of a company for the year, also called a profit and loss
statement is known as ____________ - CORRECT ANSWER-Income Statement
The Function of the balance sheet is to ________ - CORRECT ANSWER-Show the financial condition of
the business on a specific date
The amount remaining after deducting direct and indirect costs from revenues is known as______ -
CORRECT ANSWER-Net Total Profit
The ______ summarizes the cash inflows and outflows from operating, investing, and financing activities
during a specific time. - CORRECT ANSWER-Cash Flow Statement
What tax is deducted (withheld) solely from employees wages - CORRECT ANSWER-Income Tax
What is the disadvantage of using the accrual method of accounting? - CORRECT ANSWER-This system
requires more record keeping.
,What is a form W-3 - CORRECT ANSWER-Employers summary of W-2s issued to employees
Jasmine the contactor is having a busy year for work. She has three long term projects going on at once,
and there have been at least 10 short term projects completed throughout the year. Jasmine does her
own book keeping, and the best practice would be for her to do what? - CORRECT ANSWER-Keep
separate ledgers for short term and long term accounts receivable
Fire blocking can be required in walls over_____ high - CORRECT ANSWER-10'
When a plywood panel is graded by the quality of its veneer, adhesives used, number of layers and its
dimensions, this is known as the ________ of grading - CORRECT ANSWER-Prescriptive method
When installing board paneling, the first board to be installed should be scribed in a position plumb to
the adjacent wall and undercut by _________. - CORRECT ANSWER-5 degrees
The molding or trim around a doorway or window is called _______ - CORRECT ANSWER-Th casing
Fastening schedules show the _____ code requirements for the quality and safety of framing and
structural design. - CORRECT ANSWER-Minimum
Ideal riser height for a stairway is_______ - CORRECT ANSWER-7"
A straight Run of stairs is called ______ - CORRECT ANSWER-Flight
Why do Trusses have triangular shapes? - CORRECT ANSWER-Because they must be able to withstand
lateral and crushing forces.
_______ can save time when compared to pouring concrete into a project specific form and waiting for
it to cure. - CORRECT ANSWER-Concrete Panels
The biggest percentage of concrete mix is due to ________ - CORRECT ANSWER-aggregate
, A _______ is a wide, flat metal or wood pad that is pushed back and forth over concrete to make an
even surface. - CORRECT ANSWER-Bullfloat
_______ do not require the formwork of solid concrete foundation walls, but do need reinforcement
from rebar or pilasters. - CORRECT ANSWER-Concrete blocks
What is the minimum size and location of rebar in a footing supporting a monolithic slab? - CORRECT
ANSWER-2/4 and located within the middle third of the depth
If a slab will have no significant traffic crossing the joint, a ______ is acceptable to use. - CORRECT
ANSWER-Plain Butt joint
In a sidewalk or walkway ______ is a gap between portions of concrete that is filled with flexible
material. - CORRECT ANSWER-An Expansion Joint
The sand added to cement mixture is know as - CORRECT ANSWER-Fine Aggregate
Crazing is ______ - CORRECT ANSWER-The appearance of fine cracks that appear in irregular patterns
over the concrete surface,
Which is NOT one of the more common admixtures? - CORRECT ANSWER-Water expanders
Elements of a contract include - CORRECT ANSWER-Consideration
An offer
Acceptance of an Offer
A warranty period usually lasts how much time? - CORRECT ANSWER-One year form the time the project
ended
When is a party in breach of a contract - CORRECT ANSWER-When there is a failure to fully and properly
perform a duty and no legal excuse sufficient
