Newest RATED A+ 2025/2026 UPDATED NEW!!
Deprecia on is taken on which of the company's assets?
a. Loans
b. Current assets
c. Fixed assets
d. None of the above - CORRECT ANSWERS C ... Explana on: Deprecia on is counted from fixed
assets.
A private employer who employs __ or more people as of July 1, 2010, may not hire a new
employee unless the employer is registered with and uses a status verifica on system such as E
-Verify to verify the federal legal working status of any new employee.
a. 5
b. 10
c. 15
d. 1 - CORRECT ANSWERS C ... Explana on: A private employer who employs 15 or more
people as of July 1, 2010, may not hire a new employee unless the employer is registered with
and uses a status verifica on system such as E -Verify to verify the federal legal working status
of any new employee.
If a contractor decides to increase the contract price, the contractor:
a. Should get a loan from the bank
b. May request assistance from the subcontractor
c. And the owner must agree to a wri7en and signed change order
d. Should request the building inspector to revise the specifica ons - CORRECT ANSWERS C ...
Explana on: A wri7en and signed change order can allow the contractor to change a contract
price.
,If a subcontractor signs an uncondi onal waiver and release, this would imply that a:
a. Subcontractor cannot ask anything more of the owner
b. Owner cannot ask anything more of the subcontractor
c. Subcontractor cannot get anything from the prime
d. Subcontractor cannot ask anything more of the prime - CORRECT ANSWERS A ...
Explana on: Once the subcontractor signs an uncondi onal waiver and release, the
subcontractor cannot ask anything more of the owner.
Any applicant who has been denied a license to prac ce on the basis of creden als, or failure to
pass a required examina on, may submit a request for agency review to the execu ve director
____ following no fica on of the denial of a license or refusal to renew or reinstate a license.
a. Within 10 days
b. Within 20 days
c. Within 30 days
d. Within 60 days - CORRECT ANSWERS 5. C ... Explana on: Any applicant who has been denied
a license to prac ce on the basis of creden als, character, or failure to pass a required
examina on, or who has been refused renewal or reinstatement of a license to prac ce on the
basis that the applicant does not meet qualifica ons for con nued licensure in any occupa on
or profession under the jurisdic on of the division may submit a request for agency review to
the execu ve director within 30 days following no fica on of the denial of a license or refusal
to renew or reinstate a license.
What should a contractor do if a;er star ng a home improvement project the contractor
discovers that the details and specifica ons do NOT correctly show the exis ng construc on?
a. Stop and work on a correc on
b. Stop the job and inform the owner or his agent
c. Con nue the work if varia ons are only minor
d. Stop the job and inform the Building Department - CORRECT ANSWERS B ... Explana on: Any
details and specifica ons are not represented correctly then it is the contractor's duty to inform
the owner or his agent.
,Keeping good accoun ng records is important for:
a. Maintaining financial statements
b. Obtaining financing
c. Effec ve management
d. All of the above - CORRECT ANSWERS D ... Explana on: Effec ve management, maintaining
financial statements and obtaining proper financing are all the result of keeping good
accoun ng records.
8. The promise by a party called the guarantor to make good the mistake, debt, or default of
another party found in the construc on contract law is called:
a. Surety
b. Guarantee
c. Warrantee
d. Agreement - CORRECT ANSWERS B ... Explana on: Guarantee.
9. The plans and specifica ons of a home improvement project usually describe:
a. Layout sizes
b. Liquidated damages
c. Consent to arbitrate
d. Neighborhood regula ons - CORRECT ANSWERS 9. A ... Explana on: Layout sizes are usually
described in plans and specifica ons of home improvement projects.
The number of years that an employer must keep records of FUTA and other federal taxes is:
a. 2 years
b. 4 years
c. 6 years
, d. 10 years - CORRECT ANSWERS B ... Explana on: 4 years is the amount of me an employer
must keep records of FUTA and other federal taxes.
Page: 5-2
What is the term for a detailed compila on of the quan ty of each elemental work item?
a. Summary sheet
b. Bid invita on
c. Takeoff
d. Specifica on - CORRECT ANSWERS C ... Explana on: Es mators use construc on blueprints,
either manually or electronically, and start "taking off" quan es of items they will need from
those blueprints in order to prepare part of the es mate.
Page: 6-3
Before beginning work, an employer or contractor must inquire whether asbestos is present in
any building constructed prior to:
a. 1990
b. 1987
c. 1978
d. 1979 - CORRECT ANSWERS C ... Explana on: Buildings prior to 1978 may contain asbestos.
Page: 4-5
Important thing to include when adver sing for construc on work is:
a. The company's complete name style
b. A list of all the owners of the company