MN Contractors Exam (licensing quiz) Practice Questions and Answers (100% Pass)
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Module
Contractors License
Institution
Contractors License
MN Contractors Exam (licensing quiz) Practice
Questions and Answers (100% Pass)
Who applies for a license?
a)The owner of a sole proprietorship
b)At least one general partner or managing employee of a partnership
c)A Chief Executive Officer, responsible managing employee or qualifying person
...
The licensing process requires each company to designate one individual who will
serve as a ____________ , regardless of whether the licensee is an individual
proprietorship, partnership or corporation.
a) managing partner
b) qualifying person
c) project manager
d) CEO - Answer✔️✔️-b) qualifying person
The maximum payment per claim paid out of the Contractor Recovery Fund is:
a) $15,000
b) $20,000
c) $75,000
d) $60,000 - Answer✔️✔️-c) $75,000
3
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