AZ Contractor's BME (Business
Management Exam) Prep Questions and
Correct Answers 2025-2026
What document must be filed when registering an Arizona Limited Partnership?
CORRECT ANSWER Certificate of Limited Partnership
How many days do you have to publish the 'Articles of Incorporation' after having filed the
'Articles of Incorporation' with the Arizona Corporate Commission? CORRECT ANSWER
60 Days
When reserving a trade name (also known as a DBA), a corporate (legal business name of a
corporation) name may reserved prior to incorporation for how many days? CORRECT
ANSWER 120 days
What entity cannot change a name on a contractor's license? CORRECT ANSWER
Qualifying Party
What does Builder's risk insurance protect? CORRECT ANSWER
Construction Property (Also fixures & labor costs in some instances)
What does Comprehensive Liability Insurance not cover? CORRECT ANSWER
Contractor's vehicles & employees
If a contractor refuses to work on a job bid that was offered to them, what will happen as
a result? CORRECT ANSWER The contract will be void & the situation will end in
litigation
What form is used to reports & pay quarterly unemployment taxes to the Arizona Departm
ent of Economic Security? CORRECT ANSWER A1 CORRECT ANSWER R
Management Exam) Prep Questions and
Correct Answers 2025-2026
What document must be filed when registering an Arizona Limited Partnership?
CORRECT ANSWER Certificate of Limited Partnership
How many days do you have to publish the 'Articles of Incorporation' after having filed the
'Articles of Incorporation' with the Arizona Corporate Commission? CORRECT ANSWER
60 Days
When reserving a trade name (also known as a DBA), a corporate (legal business name of a
corporation) name may reserved prior to incorporation for how many days? CORRECT
ANSWER 120 days
What entity cannot change a name on a contractor's license? CORRECT ANSWER
Qualifying Party
What does Builder's risk insurance protect? CORRECT ANSWER
Construction Property (Also fixures & labor costs in some instances)
What does Comprehensive Liability Insurance not cover? CORRECT ANSWER
Contractor's vehicles & employees
If a contractor refuses to work on a job bid that was offered to them, what will happen as
a result? CORRECT ANSWER The contract will be void & the situation will end in
litigation
What form is used to reports & pay quarterly unemployment taxes to the Arizona Departm
ent of Economic Security? CORRECT ANSWER A1 CORRECT ANSWER R
