CA Contractor's Law and Business
Test 2/120 Questions & Answers
A(n) _____ is used to analyze the income and outflow of cash during a period
of time.
Click here to select answer A.
balance sheet
Click here to select answer B.
income statement
Click here to select answer C.
profit plan
Click here to select answer D.
cash flow statement - -D
-Lead in Construction work:
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employers shall provide a written lead-work pre-job notification to the
nearest DOSH District office.
Click here to select answer B.
employers are responsible for being knowledgeable about the permissible
exposure limit (PEL).
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the employer shall ensure that all employees and supervisors that perform
any lead-related construction work are trained by an accredited training
provider and are then certified by the California Department of Health
Services (CDPH).
Click here to select answer D.
all of the above. - -D
-A subcontractor must file a mechanics' lien with the:
,Click here to select answer A.
County Clerk
Click here to select answer B.
County Recorder
Click here to select answer C.
owner
Click here to select answer D.
lender - -B
-A notice canceling a home solicitation contract becomes effective:
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when the written notice is deposited in the mail
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when signed by the owner
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the day the owner cancels by telephone
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within 72 hours from the postmark on the cancellation letter - -A
-An income statement shows:
Click here to select answer A.
assets and liabilities over an extended period of time
Click here to select answer B.
revenues and losses at a certain point in time
Click here to select answer C.
assets and liabilities at a certain point in time
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revenues and expenses over an extended period of time - -D
-According to State Law, what should an employer do if an employee is
using defective machinery?
,Click here to select answer A.
Correct the safety violation immediately.
Click here to select answer B.
First report the safety violation to Cal/OSHA.
Click here to select answer C.
First report the problem to the prime contractor or awarding authority.
Click here to select answer D.
Ask for a consultation with a safety engineer. - -A
-At the end of each month, data is posted from the bookkeeping journals to
the:
Click here to select answer A.
payment journal
Click here to select answer B.
general ledger
Click here to select answer C.
receipts journal
Click here to select answer D.
general journal - -B
-What is the best way to monitor labor costs?
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Figure the hours from detailed time cards.
Click here to select answer B.
Compare previous labor costs.
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Ask crew supervisors.
Click here to select answer D.
, Check the profit-and-loss statement. - -A
-What is the BEST scheduling method for a contractor to use for the
coordination and control that materials and labor be brought together at the
proper time?
Click here to select answer A.
Walk the job site.
Click here to select answer B.
Ask the crew supervisors.
Click here to select answer C.
Follow the critical-path method.
Click here to select answer D.
Ask material suppliers when to deliver. - -C
-Who is responsible that safety equipment is actually put to use on the
jobsite?
Click here to select answer A.
foreperson
Click here to select answer B.
lead worker
Click here to select answer C.
contractor
Click here to select answer D.
a specially designated employee - -C
-Prior to signing a contract, the contractor must thoroughly review all
_______________.
Click here to select answer A.
plans
Click here to select answer B.
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