UTAH CONTRACTOR FULL ACTUAL EXAM WITH WELL EXPLAINED ACCURATE
SOLUTIONS |ALREADY GRADED
Depreciation is taken on which of the company's assets?
a. Loans
b. Current assets
c. Fixed assets
d. None of the above
C ... Explanation: Depreciation 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 verification system such
as E -Verify to verify the federal legal working status of any new employee.
a. 5
b. 10
c. 15
d. 1
C ... Explanation: 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
verification 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 written and signed change order
,d. Should request the building inspector to revise the specifications
C ... Explanation: A written and signed change order can allow the contractor to change a
contract price.
If a subcontractor signs an unconditional 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
A ... Explanation: Once the subcontractor signs an unconditional waiver and release, the
subcontractor cannot ask anything more of the owner.
Any applicant who has been denied a license to practice on the basis of credentials, or
failure to pass a required examination, may submit a request for agency review to the
executive director ____ following notification 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
5. C ... Explanation: Any applicant who has been denied a license to practice on the basis
of credentials, character, or failure to pass a required examination, or who has been
refused renewal or reinstatement of a license to practice on the basis that the applicant
does not meet qualifications for continued licensure in any occupation or profession under
the jurisdiction of the division may submit a request for agency review to the executive
director within 30 days following notification of the denial of a license or refusal to renew or
reinstate a license.
,What should a contractor do if after starting a home improvement project the contractor
discovers that the details and specifications do NOT correctly show the existing
construction?
a. Stop and work on a correction
b. Stop the job and inform the owner or his agent
c. Continue the work if variations are only minor
d. Stop the job and inform the Building Department
B ... Explanation: Any details and specifications are not represented correctly then it is the
contractor's duty to inform the owner or his agent.
Keeping good accounting records is important for:
a. Maintaining financial statements
b. Obtaining financing
c. Effective management
d. All of the above
D ... Explanation: Effective management, maintaining financial statements and obtaining
proper financing are all the result of keeping good accounting records.
8. The promise by a party called the guarantor to make good the mistake, debt, or default of
another party found in the construction contract law is called:
a. Surety
b. Guarantee
c. Warrantee
, d. Agreement
B ... Explanation: Guarantee.
9. The plans and specifications of a home improvement project usually describe:
a. Layout sizes
b. Liquidated damages
c. Consent to arbitrate
d. Neighborhood regulations
9. A ... Explanation: Layout sizes are usually described in plans and specifications 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
B ... Explanation: 4 years is the amount of time an employer must keep records of FUTA and
other federal taxes.
Page: 5-2
What is the term for a detailed compilation of the quantity of each elemental work item?
a. Summary sheet
SOLUTIONS |ALREADY GRADED
Depreciation is taken on which of the company's assets?
a. Loans
b. Current assets
c. Fixed assets
d. None of the above
C ... Explanation: Depreciation 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 verification system such
as E -Verify to verify the federal legal working status of any new employee.
a. 5
b. 10
c. 15
d. 1
C ... Explanation: 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
verification 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 written and signed change order
,d. Should request the building inspector to revise the specifications
C ... Explanation: A written and signed change order can allow the contractor to change a
contract price.
If a subcontractor signs an unconditional 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
A ... Explanation: Once the subcontractor signs an unconditional waiver and release, the
subcontractor cannot ask anything more of the owner.
Any applicant who has been denied a license to practice on the basis of credentials, or
failure to pass a required examination, may submit a request for agency review to the
executive director ____ following notification 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
5. C ... Explanation: Any applicant who has been denied a license to practice on the basis
of credentials, character, or failure to pass a required examination, or who has been
refused renewal or reinstatement of a license to practice on the basis that the applicant
does not meet qualifications for continued licensure in any occupation or profession under
the jurisdiction of the division may submit a request for agency review to the executive
director within 30 days following notification of the denial of a license or refusal to renew or
reinstate a license.
,What should a contractor do if after starting a home improvement project the contractor
discovers that the details and specifications do NOT correctly show the existing
construction?
a. Stop and work on a correction
b. Stop the job and inform the owner or his agent
c. Continue the work if variations are only minor
d. Stop the job and inform the Building Department
B ... Explanation: Any details and specifications are not represented correctly then it is the
contractor's duty to inform the owner or his agent.
Keeping good accounting records is important for:
a. Maintaining financial statements
b. Obtaining financing
c. Effective management
d. All of the above
D ... Explanation: Effective management, maintaining financial statements and obtaining
proper financing are all the result of keeping good accounting records.
8. The promise by a party called the guarantor to make good the mistake, debt, or default of
another party found in the construction contract law is called:
a. Surety
b. Guarantee
c. Warrantee
, d. Agreement
B ... Explanation: Guarantee.
9. The plans and specifications of a home improvement project usually describe:
a. Layout sizes
b. Liquidated damages
c. Consent to arbitrate
d. Neighborhood regulations
9. A ... Explanation: Layout sizes are usually described in plans and specifications 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
B ... Explanation: 4 years is the amount of time an employer must keep records of FUTA and
other federal taxes.
Page: 5-2
What is the term for a detailed compilation of the quantity of each elemental work item?
a. Summary sheet
