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Contractor's Institute - Business & Finance Exam Questions and Answers Correct
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Contractor's Institute - Business & Finance Exam
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Contractor's Institute - Business &Finance Exam
simplest - answerA sole proprietorship is the ____________ form of business
organization .
first , third - answerin accordance with Chapter 489, Florida Statues, any person who
falsely holds himself out to be a licensed contractor or who engages in contracting
without first obtaining a license is guilty of a ____ degree misdemeanor , and a second
offense is a ______ degree felony
prescribed - answerin financial management," bookkeeping" is the recording of
business and financial data in an _________ manner.
new employees - answerfinancially managing a business includes ensuring _______
are legally eligible to work in the United States in accordance with the 2012 employers
tax guide (circular e)
true - answer(true or false). a tool used for risk management to reduce risk exposure is
Property Insurance. The special perils form of coverage may be purchased and is
preferred to the basic or broad forms due to its broader protection
8.25$ - answerthe fair labor standards Act (FLSA--- wage and hour law) is a federal
state which prescribes minimum wage of________ per hour for non overtime work
$87,000 - answerhow much would it cost in three years to purchase a machine at a cost
known of $102,000 and in 3 years the salvage value would be $15,000?
State ,Federal - answerin accordance with the Florida Employer Guide to
unemployment tax, the employer pays payroll taxes levied by the ____________,
___________ governments.
1 - answerin accordance with the Florida's workers Compensation Act, coverage is to
an employer in the construction industry who employs______ or more full time or part-
time employees.
suddenly - answerthe term accident means only an unexpected or unusual event or
result that happens_________, in accordance with the title XXXI labor, chapter 440,
workers compensation
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