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Business and finance practice exam Questions and Answers 2024
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Business and finance practice exam
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Business and finance practice examThe injured worker is entitled to __________ of the average weekly wage for the
healing. That is needed to recover from the Compensatable injury - answer2/3 or
66.67%
Construction lien law is not applicable to _________? - answerPublic owners and public
property
Contractors must maintain complete Financial and business records kept in the regular
course of business for the immediately preceding ________ . - answer3 years
According to the fair labor standards act, time cards must be kept for _________ years -
answer2
The ___________ provided by a general contractor for the benefit of the developer, will
provide the developer with a lien free project. - answerPayment bond
A requisition is used to indicate ______________. - answerThe transfer of inventory to
a project
The Florida Worker's Compensation applicable to any employer in the construction
industry who employs ________ or more full-time or part-time employees - answerOne
The _______________ Must be totaled in with the other earnings to determine their
regular rate on which overtime must be paid. - answerNon-discretionary bonus
The ____________ owns drawings and specifications of a completed project. -
answerArchitect
When utilizing small business administration bond guarantee program, to increase their
comfort level, the surety may require_____________________. - answerFunds
administration, escrow administration, collateral
Cost plus contracts our contracts which provide for reimbursement of a defined cost
incurred plus ________. - answerA fee for the contractor services
Three basic stages of capital which parallels the successful growth of a business. -
answerInitial startup capital, working capital, expansion capital
According to AIA A701, any required performance or payment bonds shall be
dated___________. - answerOn or after the date of the contract
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