VA Contractors: General (Class A or B) Newest Exam
VA CONTRACTORS: GENERAL (CLASS A OR B) NEWEST EXAM / VA
CONTRACTORS: GENERAL (CLASS A OR B) EXAM PREPARATION/VA
CONTRACTORS: GENERAL (CLASS A OR B) EXAM PRACTICE EXAM WITH
COMPLETE QUESTIONS AND CORRECT ANSWERS| BRAND NEW
VERSION!
A contractor is about to sign an agreement with a representative of a corporation.
The contractor should... - Correct Answer-verify that the representative has the
authority to bind the corporation
Which of the following statements about a sole proprietorship is TRUE? - Correct
Answer-The business, or any part of it, can be sold, altered, or exchanged at will
The PRIMARY difference between a project manager and a project superintendent
is that the project manager... - Correct Answer-does not directly supervise day-to-
day field activities
A company's net worth is equal to... - Correct Answer-owner's equity
What is included in a company's balance sheet? - Correct Answer-Assets,
liabilities, and owner's equity
Who MUST follow the Fair Labor Standards Act? - Correct Answer-All employees
with at least 1 employee
1|Page
, VA Contractors: General (Class A or B) Newest Exam
Medical records of work-related injuries to long-term employees MUST be kept for
a MINIMUM of what duration after the employee leaves employment? - Correct
Answer-30 years
All of the following are advantages of good scheduling EXCEPT... - Correct Answer-
reduced training costs
A contractor should do all of the following when estimating a project EXCEPT... -
Correct Answer-assume ideal conditions
A bid does NOT specify how long it remains open or in effect is considered to be
open for... - Correct Answer-a reasonable amount of time
What does a comprehensive general liability insurance policy protect a company
against? - Correct Answer-an accident at the job site that damages the neighbor's
house
A contractor plans to use materials or methods other than those standard in the
industry. The contractor should... - Correct Answer-specifically state this in the
agreement
The two basic laws of construction estimating are... - Correct Answer-low
estimates decrease profits and high estimates decrease volume
Approximately how many materials are currently on the EPA hazardous materials
list? - Correct Answer-500
2|Page
VA CONTRACTORS: GENERAL (CLASS A OR B) NEWEST EXAM / VA
CONTRACTORS: GENERAL (CLASS A OR B) EXAM PREPARATION/VA
CONTRACTORS: GENERAL (CLASS A OR B) EXAM PRACTICE EXAM WITH
COMPLETE QUESTIONS AND CORRECT ANSWERS| BRAND NEW
VERSION!
A contractor is about to sign an agreement with a representative of a corporation.
The contractor should... - Correct Answer-verify that the representative has the
authority to bind the corporation
Which of the following statements about a sole proprietorship is TRUE? - Correct
Answer-The business, or any part of it, can be sold, altered, or exchanged at will
The PRIMARY difference between a project manager and a project superintendent
is that the project manager... - Correct Answer-does not directly supervise day-to-
day field activities
A company's net worth is equal to... - Correct Answer-owner's equity
What is included in a company's balance sheet? - Correct Answer-Assets,
liabilities, and owner's equity
Who MUST follow the Fair Labor Standards Act? - Correct Answer-All employees
with at least 1 employee
1|Page
, VA Contractors: General (Class A or B) Newest Exam
Medical records of work-related injuries to long-term employees MUST be kept for
a MINIMUM of what duration after the employee leaves employment? - Correct
Answer-30 years
All of the following are advantages of good scheduling EXCEPT... - Correct Answer-
reduced training costs
A contractor should do all of the following when estimating a project EXCEPT... -
Correct Answer-assume ideal conditions
A bid does NOT specify how long it remains open or in effect is considered to be
open for... - Correct Answer-a reasonable amount of time
What does a comprehensive general liability insurance policy protect a company
against? - Correct Answer-an accident at the job site that damages the neighbor's
house
A contractor plans to use materials or methods other than those standard in the
industry. The contractor should... - Correct Answer-specifically state this in the
agreement
The two basic laws of construction estimating are... - Correct Answer-low
estimates decrease profits and high estimates decrease volume
Approximately how many materials are currently on the EPA hazardous materials
list? - Correct Answer-500
2|Page
