Florida Business and Finance practice exam #1
Questions with Detailed Verified Answers 100%
Correct Answers Already Graded A+
Quiz: "Hard Records", such as payroll, employment contracts, sales and
purchase records must be retained for ____ years. Ans: 3
Quiz: "Soft Records", such as time cards and time sheets must be retained
for ____years. Ans: 2
Quiz: FS 489 requires complete financial and business records to be retained
for _____ years. Ans: 3
Quiz: OSHA logs 300/300A must be retained for ____ colander years. Ans: 5
Quiz: Per IRS, records of employment taxes must be retained for _____
years. Bc Ans: 4
Quiz: The Department, for boards under its jurisdiction, shall have the
authority to close and terminate deficient license application files ____ year(s)
after the board or board or the department notifies the applicant of the
deficiency. Ans: 2
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,Quiz: I-9 forms must be retained _____. Ans: (Either A or B) whichever is
the latest date
Quiz: Tests, inspections, and approvals of work shall be paid for by the
______ ; if tests are failed, additional costs shall be borne by _____. Ans:
Owner; Contractor
Quiz: The max hours of work allowed per week for a 16-year old while school
is in session is _____ hours. Ans: 30
Quiz: A job has a cost to date of $34,000. The cost to complete is estimated
to be $91,000. If the contractor wanted to make a 12% profit, the contract
price would be _____. Ans: $140,000
Quiz: The ______ regulates the FLSA. Ans: Department of Labor
Quiz: Atleast _____ days before the end of a licensure cycle, the dept shall
forward notice of pending cancellation of licensure to a delinquent status
licensee at the licensees last known address of record or email provided to the
department. Ans: 90
Quiz: ______ would probably not be subject to the overtime regulations.
Ans: Employees who are employed in the capacity of outside salesman
Quiz: The Buy American Act does not include _______ . Ans: Brazil
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, Quiz: Per FLSA, an executive employee ______ . Ans: All the above
Quiz: An individual who smokes in a non-smoking area is subject to a fine of
_____ for a repeat offense. Ans: 500
Quiz: A ______ would be most likely to receive a Limited License. Ans:
Retired professional
Quiz: _____ is responsible to post OSHA posters on a multi-contractor
project. Ans: Each contractor
Quiz: _______, duly authorized agents and employees of DBPR may inspect
premises of any establishment at all reasonable hours. Ans: When the
services offered at the premises include authorization to prescribe controlled
substances
Quiz: Unless the applicant notifies the department at least ______ days prior
to an examination hearing of the applicants inability to attend, the department
may require an applicant to pay reasonable attorneys fees, costs, and court
costs of the department for the examination hearing. Ans: 5
Quiz: If the circumstances of the violation meets the standard of a minor
violation and _____ year(s) have passed since the issuance of a final order
imposing discipline, the department shall reclassify that violation as inactive.
Ans: 2
© 2025 Get it right Stuvia US All rights reserved
Questions with Detailed Verified Answers 100%
Correct Answers Already Graded A+
Quiz: "Hard Records", such as payroll, employment contracts, sales and
purchase records must be retained for ____ years. Ans: 3
Quiz: "Soft Records", such as time cards and time sheets must be retained
for ____years. Ans: 2
Quiz: FS 489 requires complete financial and business records to be retained
for _____ years. Ans: 3
Quiz: OSHA logs 300/300A must be retained for ____ colander years. Ans: 5
Quiz: Per IRS, records of employment taxes must be retained for _____
years. Bc Ans: 4
Quiz: The Department, for boards under its jurisdiction, shall have the
authority to close and terminate deficient license application files ____ year(s)
after the board or board or the department notifies the applicant of the
deficiency. Ans: 2
© 2025 Get it right Stuvia US All rights reserved
,Quiz: I-9 forms must be retained _____. Ans: (Either A or B) whichever is
the latest date
Quiz: Tests, inspections, and approvals of work shall be paid for by the
______ ; if tests are failed, additional costs shall be borne by _____. Ans:
Owner; Contractor
Quiz: The max hours of work allowed per week for a 16-year old while school
is in session is _____ hours. Ans: 30
Quiz: A job has a cost to date of $34,000. The cost to complete is estimated
to be $91,000. If the contractor wanted to make a 12% profit, the contract
price would be _____. Ans: $140,000
Quiz: The ______ regulates the FLSA. Ans: Department of Labor
Quiz: Atleast _____ days before the end of a licensure cycle, the dept shall
forward notice of pending cancellation of licensure to a delinquent status
licensee at the licensees last known address of record or email provided to the
department. Ans: 90
Quiz: ______ would probably not be subject to the overtime regulations.
Ans: Employees who are employed in the capacity of outside salesman
Quiz: The Buy American Act does not include _______ . Ans: Brazil
© 2025 Get it right Stuvia US All rights reserved
, Quiz: Per FLSA, an executive employee ______ . Ans: All the above
Quiz: An individual who smokes in a non-smoking area is subject to a fine of
_____ for a repeat offense. Ans: 500
Quiz: A ______ would be most likely to receive a Limited License. Ans:
Retired professional
Quiz: _____ is responsible to post OSHA posters on a multi-contractor
project. Ans: Each contractor
Quiz: _______, duly authorized agents and employees of DBPR may inspect
premises of any establishment at all reasonable hours. Ans: When the
services offered at the premises include authorization to prescribe controlled
substances
Quiz: Unless the applicant notifies the department at least ______ days prior
to an examination hearing of the applicants inability to attend, the department
may require an applicant to pay reasonable attorneys fees, costs, and court
costs of the department for the examination hearing. Ans: 5
Quiz: If the circumstances of the violation meets the standard of a minor
violation and _____ year(s) have passed since the issuance of a final order
imposing discipline, the department shall reclassify that violation as inactive.
Ans: 2
© 2025 Get it right Stuvia US All rights reserved
