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Terms in this set (572)
Depreciation is taken on C ... Explanation: Depreciation is counted from fixed
which of the company's assets.
assets?
a. Loans
b. Current assets
c. Fixed assets
d. None of the above
,A private employer who C ... Explanation: A private employer who employs 15
employs __ or more or more people as of July 1, 2010, may not hire a new
people as of July 1, 2010, employee unless the employer is registered with and
may not hire a new uses a status verification system such as E -Verify to
employee unless the verify the federal legal working status of any new
employer is registered employee.
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
If a contractor decides to C ... Explanation: A written and signed change order
increase the contract can allow the contractor to change a contract price.
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
,If a subcontractor signs an A ... Explanation: Once the subcontractor signs an
unconditional waiver and unconditional waiver and release, the subcontractor
release, this would imply cannot ask anything more of the owner.
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
Any applicant who has 5. C ... Explanation: Any applicant who has been
been denied a license to denied a license to practice on the basis of
practice on the basis of credentials, character, or failure to pass a required
credentials, or failure to examination, or who has been refused renewal or
pass a required reinstatement of a license to practice on the basis that
examination, may submit a the applicant does not meet qualifications for
request for agency review continued licensure in any occupation or profession
to the executive director under the jurisdiction of the division may submit a
____ following notification request for agency review to the executive director
of the denial of a license within 30 days following notification of the denial of a
or refusal to renew or license or refusal to renew or reinstate a license.
reinstate a license.
a. Within 10 days
b. Within 20 days
c. Within 30 days
d. Within 60 days
, What should a contractor B ... Explanation: Any details and specifications are not
do if after starting a home represented correctly then it is the contractor's duty
improvement project the to inform the owner or his agent.
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
Keeping good accounting D ... Explanation: Effective management, maintaining
records is important for: financial statements and obtaining proper financing
a. Maintaining financial are all the result of keeping good accounting records.
statements
b. Obtaining financing
c. Effective management
d. All of the above
8. The promise by a party B ... Explanation: Guarantee.
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