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Florida Contractor License Business and finance study guide 1 (2024) Questions Graded A+ $14.99   Add to cart

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Florida Contractor License Business and finance study guide 1 (2024) Questions Graded A+

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  • Course
  • Florida business and Finance
  • Institution
  • Florida Business And Finance

Florida Contractor License Business and finance study guide 1 (2024)

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  • September 23, 2024
  • 14
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Florida business and Finance
  • Florida business and Finance
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julianah420
Florida Contractor License Business
and finance study guide 1 (2024)

Workers' Comp insurance must be provided for all, EXCEPT a
Ref: FCM 6-7 - answerDomestic worker

A registered contractor may apply for " grandfathering " as a certified contractor after
_______ years of experience.
Ref: FCM 2-14, 2-76, 2-138 - answer5

When making a business plan to start up a business, it is important to know who and
where the _______ are.
Ref: Trade Knowledge - answerCompetitors

having received the list of subcontractors, the architect immediately objects to the use of
plumber X's company. The general contractor promptly proposes using plumper Y's
company at a higher cost of $5,000. What is the general contractor entitled to?
Ref: AIA A201 - 5.2.3 - answer$5,000 plus a proved time extension

If one of your workers is found to be an employee and not an independent contractor,
which of the following may the IRS determine you are liable to pay?
Ref: FCM 2-24, 2-25 - answerFICA and income tax

When looking at a business plan and deciding on what type of organization to form, a
partnership has which of the following disadvantages?
Ref: FCM 1-10 - answerfringe benefits are not usually tax deductible

Assistance in identifying sources of available business financing could be obtained from
the
Ref: BGA 318 - answerSmall business administration

When evaluating an offered job, it is necessary to be able to calculate all costs,
including _______, to determine if it will be profitable.
Ref: Trade Knowledge / BGA 227 - answerman-hours

A builder hires a plumbing contractor to perform the plumbing work on a new residential
dwelling. The plumbing contractor completes the work, but does not receive payment
from the builder. The plumbing contractor records a claim of lien in the public records.

How much time after the claim of lien was recorded does he have to commence an
action to enforce the construction lien?

, Ref: FCM 9-31, 9-86 - answerwithin 1 year

According to Florida Reemployment Assistance Program Law, reports MUST be
submitted

FCM 5-278, 5-287, 5-288 - answerQuarterly

What undesirable trait would be reveled when checking into an applicant's past?

Ref: Trade Knowledge - answerchronic insurance

What entity issues or underwrites bonds

Ref: FCM 4-12 / Trade Knowledge - answersurety

A tool purchase is a variable overhead expense unless it is

Ref: BGA 143 - answerexpensive enough to be treated as an asset

When is it profitable to pay accounts payable early?

Ref: FCM 3-67 - answerwhen there is a worthwhile discount for early payment

A system for scheduling use of equipment would NOT need to include entries for

Ref: BGA 159, 160 - answerdepreciation expense

Based on the Architects evaluations of the Contractors Applications for Payment, the
_______ will review and certify the amounts due.

Ref: AIA A201 9.4.1 - answerArchitect

The Public Whistle Blowers Act (Sec. 112.3187 FL STAT.) covers

Ref: FCM 5-45 - answeremployees of contractors on government jobs

When furnishing a separate performance and separate payment bond, a surety could
conceivably pay ________ amount of both

Ref: FCM 4-14 - answerthe cumulative

The best way to meet your company's short term goals is through

Ref: BGA 263 - answerbudgeting

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