FLORIDA CONTRACTORS MANUAL 100 PRACTICE EXAM QUESTIONS WITH ANSWERS 2024 VERIFIED BY EXPERTS NEW
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FLORIDA CONTRACTORS MANUAL 100 PRACTICE
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FLORIDA CONTRACTORS MANUAL 100 PRACTICE
FLORIDA CONTRACTORS MANUAL 100 PRACTICE EXAM QUESTIONS WITH ANSWERS 2024 VERIFIED BY EXPERTS NEW FLORIDA CONTRACTORS MANUAL 100 PRACTICE EXAM QUESTIONS WITH ANSWERS 2024 VERIFIED BY EXPERTS NEW FLORIDA CONTRACTORS MANUAL 100 PRACTICE EXAM QUESTIONS WITH ANSWERS 2024 VERIFIED BY EXPERTS NEW FLORI...
FLORIDA CONTRACTORS
MANUAL 100 PRACTICE EXAM
QUESTIONS WITH ANSWERS 2024
VERIFIED BY EXPERTS NEW
A properly registered fictitious name is valid for ________________
A. 1 year
B. 2 years
C. 3 years
D. 5 years - CORRECT ANSWER>>>>D. 5 years
1-15
Which of the following would have jurisdiction over dredging or excavation of navigable
waters and wetlands?
A. U.S. Dept. of the Interior
B. Florida Dept. of State
C. Florida Dept.of Transportation
D. U.S Army Corps of Engineers - CORRECT ANSWER>>>>D. U.S Army Corps of
Engineers
1-16
The name of the form which is used to apply for sales tax is?
A. W2
B. DR-1
C. S1
D. W4 - CORRECT ANSWER>>>>B. DR-1
1-21
Which of the following is NOT true about a fictitious name registration?
A. Valid for 5 years.
B. The fictitious name must be advertised at least one time.
C. If a change of ownership occurs, the owner(s) of record must file a cancellation and
registration within 45 days of filing,
D. Fictitious name registration must be renewed between July 1 and December 31 in
the expiration year. - CORRECT ANSWER>>>>C. If a change of ownership occurs, the
owner(s) of record must file a cancellation and registration within 45 days of filing,
1-15
,Three partners, Noah, Evan & Steven form a partnership. Noah invests $30,000; Steven
invests $20,000 and Evan invests $15,000. In addition, Noah performs specific
management functions for which he is paid $5,000 from the partnership proceeds. If the
partnership earns $244,000, how much will Noah receive?
A. Less than $70,000
B. Between $70,000 -$90,000
C. Between $90,000-$110,000
D. More than $110,000 - CORRECT ANSWER>>>>D. More than $110,000
1-12
If the above partnership were dissolved, showing a net loss of $60,000, how much
would Noah owe?
A. $60,000
B. $4,666
C. $20,000
D. $0.00 - CORRECT ANSWER>>>>A. $60,000
1-13
According to the Contractor's Manual, starting capital should be enough to cover living
expenses for between which of the following?
A. 3 months to a year
B. 6 months to a year
C. 9 months to a year
D. at least a year - CORRECT ANSWER>>>>A. 3 months to a year
1-17
A Partnership will be dissolved if which of the following applies?
A. UnlawfuI Activity
B. Failing to have a primary qualifying agent
C. A court decree under the partnership act
D. A and C 1-29 - CORRECT ANSWER>>>>D. A and C 1-29
1-29
Which of the following is NOT characteristic about a General and Limited Partnership?
A. The limited partnership has two types of partners; a partnership only one.
B. The general partners of a limited partnership have limited personal liability; the
partners of a partnership do not.
C. In a limited partnership the limited partners have no management responsibility.
D. The general partner has joint and several liability; the limited partner does not -
CORRECT ANSWER>>>>C. In a limited partnership the limited partners have no
management responsibility.
, 1-12
Which of the following is NOT true about a sole proprietor, a/k/a DBA, operating a
business in his own name?
A. A business fictitious name filing is necessary.
B. A business Tax Identification Number filing is necessary.
C. Neither A nor B
D. Both A and B - CORRECT ANSWER>>>>D. Both A and B
1-11
Which of the following is an advantage of owning a corporation?
A. Continuity of existence.
B. Lack of centralized control.
C. sharing of ideas and management responsibility.
D. Easier to create. - CORRECT ANSWER>>>>A. Continuity of existence.
1-11
Unlicensed practice of a profession is punishable by an administrative penalty not to
exceed _______.
A. $500
B. $1,000
C. $5,000
D. $12,500 - CORRECT ANSWER>>>>C. $5,000
455.228(1)
Which of the following applies to a qualifying agent of corporation?
a. He is only qualified to act for the business during normal working hours
b. He is qualified to act for the corporation in all matters connected with its construction
business
c. He does have authority to supervise in all areas of the company's business
d. None of the above - CORRECT ANSWER>>>>b. He is qualified to act for the
corporation in all matters connected with its construction business
489.119
If a contractor is disciplined by the board and is the qualifying agent for a business
organization and the violation was performed in connection with a construction project
undertaken by that business organization, the board may impose an additional
administrative fine not to exceed___________ against the business organization or
against any partner, officer, director, trustee, or member if such person participated in
the violation or knew or should have known of the violation and failed to take corrective
action.
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