C7 License, Law, and Business Test #1 Flashcards
(101 cards)
1
Q
Double cleat ladders must not exceed ____ feet in length.
20
25
30
40
A
30
2
Q
A contractor doing a remodeling job finds numerous code violations that were done prior to his/her work being started. He/she should:
report the violations to the building inspector.
report the violations to the owner accompanied with an estimate for the repairs that are needed.
make immediate repairs to bring everything up to code.
do nothing until the Building Department presents a list of corrections.
A
report the violations to the owner accompanied with an estimate for the repairs that are needed.
3
Q
After the filing of the “Notice of Completion” by the owner, the original contractors have:
20 days to file their Mechanics’ Liens against the job.
30 days to file their Mechanics’ Liens against the job.
60 days to file their Mechanics’ Liens against the job.
90 days to file their Mechanics’ Liens against the job.
A
60 days to file their Mechanics’ Liens against the job.
4
Q
A contractor, when starting work on any building that has been constructed prior to __________, must first ascertain whether there is asbestos present in the area in which the work will be performed.
1972
1978
1984
1990
A
1978
5
Q
A contractor that fails to carry a valid policy of Workers’ Compensation Insurance cannot:
take a job valued at over $500.
maintain a contracting business.
have employees.
All of the above
A
have employees
6
Q
A contractor finds a 12″ discrepancy on a set of drawings for an office building. The contractor should:
- contact the owner.
- contact the architect or designer.
- make the correction and get on with the job.
- do all of the above.
A
contact the architect or designer.
7
Q
A contractor may disregard an owner’s plans or specifications if:
- he knows that he can improve upon them and give the owner a better job.
- the owner gives the contractor written permission.
- the contractor finds a better construction method.
- the contractor can save money.
A
the owner gives the contractor written permission.
8
Q
A construction contract was written containing the following time estimates to complete the job. It would take 2 days to ready the construction site and then the job itself would be done in 2 phases. The first phase would take 10 days and the second would take 7 days, but these 2 phases could be at the same time. In addition, it would take an additional 1 day at the end to clean up. Actually, how many days would it take to complete this project?
- 15 days
- 13 days
- 11 days
- 7 days
A
13 days
9
Q
A contractor must pay Federal Unemployment Tax (FUTA) yearly to the IRS if:
- he/she has one or more employees.
- he/she is in a partnership.
- he/she has ten or more employees.
- his/her payroll is less than $100.
A
he/she has one or more employees.
10
Q
A short term loan should not be obtained to cover which of the following?
- Materials
- Project loan
- Rent
- Payroll
A
Rent
11
Q
A contractor has a contract with Tom Jones to construct a room addition. The contractor is required by the City to have a City License and he/she must obtain a building permit. In order to get the permit he/she must provide his/her:
- license classification.
- license classification and license number.
- license number & Workers’ Compensation Certificate.
- license classification, license number, Workers’ Compensation Certification or equivalent.
A
license classification, license number, Workers’ Compensation Certification or equivalent.
12
Q
Bodily contact with the stream of abrasive material presents a constant danger. What other hazard exists for the workers using abrasive blasting?
- Lack of oxygen
- Explosion of the air tank
- Dust from removed rust and scale
- Low pressure
A
Dust from removed rust and scale
13
Q
“Fixed assets” are:
- such things as land, buildings, machinery, furniture, fixtures, etc. These are assets used to run the business. . . not for resale.
- cash plus inventory.
- current assets.
- current liabilities.
A
such things as land, buildings, machinery, furniture, fixtures, etc. These are assets used to run the business. . . not for resale.
14
Q
A construction permit is not required for the installation of a(n):
- 115 volt receptacle.
- fire rated door.
- 80 square feet of roofing.
- 200 square foot utility shed.
A
200 square foot utility shed.
15
Q
A Form I-9 must be filled out by which of the following employees?
- Every employee
- Rehired employees
- Newly hired employees
- Employees that are not U. S. citizens
A
Every employee
16
Q
A contractor has a contract with the homeowner and the job is progressing along very well. One day the homeowner comes up with six different changes, three small ones and three rather large ones which he would like done. The contractor has four other jobs backed up waiting for him. What should he do?
- Refuse the work
- Tell the homeowner that the additional work will be added to his original contract and get the work done as soon as possible.
- Provide an estimate and change order contract for each of the different changes. If the homeowner still wants the work and signs each contract then the contractor should get the work done as soon as possible.
- Tell the homeowner that he will do the three small jobs but that he doesn’t have time to do the larger jobs.
A
Provide an estimate and change order contract for each of the different changes. If the homeowner still wants the work and signs each contract then the contractor should get the work done as soon as possible.
17
Q
A contractor signs a Home Improvement Contract and accepts a down payment but never shows up to do the work. Which statement is correct concerning this action?
- The contract is automatically canceled in 30 days.
- The contractor is subject to penalty of $100 – $5000 and/or one year in jail.
- The contractor’s license will be automatically revoked for one year.
- All of the above
A
The contractor is subject to penalty of $100 – $5000 and/or one year in jail.
18
Q
Mr. Smith has approached a contractor (Mr. Jones) asking for a bid on the construction of a building for which Smith has drawn plans. Jones has found numerous items in the plans that conflict with current building codes, but Smith has said that he wants the building to be built exactly as he has drawn the plans. Jones, a contractor, should therefore:
- advise Mr. Smith that the building code must be followed, even if he loses the job.
- take the job but build according to code.
- consult with Mr. Smith’s wife.
- build it the way the owner wishes.
A
advise Mr. Smith that the building code must be followed, even if he loses the job.
19
Q
A contractor finished a job and found that it was not up to code. Which of the following would be responsible for this problem?
- The prime contractor
- The subcontractor
- The building inspector
- The architect
A
The prime contractor
20
Q
A contractor bids for a job for an owner. The owner has added “extra” items to be bid upon. Receiving the bid, the owner claims it is too high and tells the contractor to lower the price. What should the contractor do?
- Refuse the work in its entirety.
- Lower the bid basically to cost plus overhead.
- Lower the bid to cost with the hopes of recovering the overhead at another time through another job for the same owner.
- Try to negotiate in order to lessen the extent of the job, thereby eliminating some extras.
A
Try to negotiate in order to lessen the extent of the job, thereby eliminating some extras.
21
Q
A contractor accepts work on a time and materials basis. His pricing should be based on:
- adding his intended profit and overhead only to labor.
- adding his intended profit and overhead only to materials.
- adding profit and overhead to labor and materials only.
- none of the above.
A
adding profit and overhead to labor and materials only.
22
Q
A construction superintendent should visit each jobsite that he/she supervises at least:
- whenever near the job.
- once a day.
- twice a week.
- four times a month.
A
once a day.
23
Q
A contractor’s gross profit for a project is determined by which of the following?
- Amount of contract – direct costs – indirect costs = gross profit
- Amount of contract – indirect costs = gross profit
- Amount of contract – labor – materials = gross profit
- Amount of contract – direct cost – indirect costs – general overhead – income taxes = gross profit
A
Amount of contract – direct costs – indirect costs = gross profit
24
Q
A “class 2” fire hazard means there is/are ______ present.
- flammable material
- dust
- textiles
- all of the above
A
flammable material
25
A contractor estimates the direct costs for a project at $17,000. The project overhead expenses are generally 20 percent of the direct costs. In order to make a 20 percent profit on this project, the bid must be:
* $20,400.00
* $23,800.00
* $24,480.00
* $25,500.00
$24,480.00
26
___________ on the ends of dimension lines limit each dimension on a print.
* Arrows.
* Dots.
* Slashes.
* All of the above.
all of the above
27
A contractor deliberately passes over a contracted portion of a job. The resultant dispute with the owner goes to arbitration. The finding is for the owner. The contractor must:
* correctly complete the entire job.
* complete the job as contracted and repay the owner for lost time and costs incurred.
* complete the job and pay a $1000.00 fine.
* None of the above
complete the job as contracted and repay the owner for lost time and costs incurred.
28
A contractor sent a bill to his/her client which was due to be paid, according to their contract, by the 10th of the month. The bill has still not been paid and is now twenty days overdue. What is the best course of action, of those shown below, for the contractor to follow?
* Turn the bill over to a collection agency
* Immediately lien the property
* Use it as a write-off against taxes
* Send the client a second bill and a letter of explanation
Send the client a second bill and a letter of explanation
29
A contractor may purchase Workers’ Compensation Insurance from:
* the State Contractors’ Board.
* the State Fund Insurance or a private insurance company.
* both A and B.
* none of the above.
the State Fund Insurance or a private insurance company.
30
A Stop Notice, which is a claim for payment to a subcontractor, inhibits payment from:
* the prime contractor to the subcontractor.
* the property owner to the prime contractor.
* the property owner to the subcontractor.
* the property owner to the supplier of materials.
the property owner to the prime contractor.
31
After plans have been approved by the Building and Safety Department, the next thing to do is:
order materials.
hire subcontractors.
demand a deposit.
schedule the job.
schedule the job.
32
A client must submit a claim for service or repair of a defect on fit and finish items after a job completion by:
* overnight mail
* personal delivery
* certified mail
* All of the above are correct
All of the above are correct
33
A contractor may disregard plans and specifications if he knows a better method of construction, but only with the consent of the:
* owner.
* subcontractors.
* architect.
* engineer.
owner
34
A contractor’s license is not necessary if a job is priced less than _____ including labor, services and materials.
* $500.00
* $400.00
* $300.00
* $250.00
$500
35
__________ are not covered by a contractor’s insurance policies.
* Burglaries of job materials
* Vandalism damage
* Tools owned by the employees
* Damage caused by weather problems
Tools owned by the employees
36
A Balance Sheet will show:
* revenues and expenses over an extended period of time.
* revenues and expenses at a certain time.
* assets and liabilities over an extended period of time
* assets and liabilities and net worth at a certain time.
assets and liabilities and net worth at a certain time.
37
A contractor should not seek a short term loan for:
* office rent.
* materials.
* salaries.
* bid bond.
office rent
38
A contractor should include material, labor and direct costs, permits, profit and ___________, when bidding on a Home Improvement Contract.
* overhead costs
* repairs
* direct labor
* materials for the job
overhead costs
39
A debit is:
* an increase in value.
* an increase in value for the asset account.
* a decrease in value.
* a decrease in value for the asset account.
an increase in value for the asset account.
40
A contractor collects Sales Tax; how often does he have to prepare his return?
* Weekly
* Monthly
* Quarterly
* Yearly
Quarterly
41
A contract to be awarded by the State Public Works authority which involves an amount of over $25,000 for the digging of a trench with a depth of 5 feet or more cannot be awarded until:
* a Civil Engineer ôsign-off” signature is on the plans.
* the contractor fully understands the work that is to be done.
* it contains a requirement stating that the contractor will submit plans illustrating the scope of shoring, bracing, etc. to give protection from cave-ins.
* the contractor obtains a valid specific license that will permit him to be involved in this type of work.
it contains a requirement stating that the contractor will submit plans illustrating the scope of shoring, bracing, etc. to give protection from cave-ins.
42
A contractor has signed an agreement to construct a building on a State University campus. Which of the following state agencies should the contractor contact for disabled access approval?
* Office of State Architect
* Department of Rehabilitation
* Department of Housing and Community Development
* All of the above
Office of State Architect
43
A decrease in value of a fixed asset due to wear or passage of time is known as:
* commission.
* draw.
* depreciation.
* working capital.
depreciation
44
A contractor has asked for proof of insurance from one of his/her subs. The sub is working on a very long-term job. The best way that the contractor can insure that the subcontractor will have insurance coverage during the entire length of the project is:
* the contractor should contact the subcontractor at regular intervals and question whether or not the insurance is still valid.
* he/she should leave the responsibility of insurance to the subcontractor.
* the contractor in his/her subcontract specifications should require the submission and proof of renewal of the subcontractor’s insurance policy.
* he/she should request the information when needed.
the contractor in his/her subcontract specifications should require the submission and proof of renewal of the subcontractor’s insurance policy.
45
A contractor has advertised a job which requires heavy lifting as a job requirement. A person 41 years old applies, but he/she can not do any heavy lifting; the contractor:
* would not have to hire anyone over 40.
* can not discriminate because of age.
* can hire anyone he/she wants.
* does not have to hire him/her since he/she does not meet his/her requirements.
does not have to hire him/her since he/she does not meet his/her requirements.
46
A contractor gets into a disagreement with the owner and walks off the job. The owner sues for breach of contract and wins. The owner is entitled to:
* his/her economic loss.
* as much as he/she can get.
* a finished job and lost profits.
* lost depreciation.
a finished job and lost profits.
47
A developer purchases a small parcel of underdeveloped land for $750,000.00 according to the following terms: $100,000 in cash with a mortgage of $650,000 payable in full in 5 years, with interest at 10 percent payable quarterly. How much cash will this contract cost the purchaser, when the contract is closed?
* $100,000.00
* $100,000 plus interest quarterly
* $650,000
* $750,000 plus interest quarterly
$100,000.00
48
A signed copy of the contract shall be furnished to the owner or tenant:
* at least two weeks after the work has been started.
* before the work is started.
* the day after work has started.
* three days before the work is started.
before the work is started.
49
Except for C-8, C-20, C-22 and D-49, a contractor does not have to have Workers’ Compensation if:
his/her employee signs a waiver releasing him/her from any liability.
he/she has no employees.
he/she only has 1 employee.
he/she hires a relative only for an employee.
he/she has no employees.
50
A citation issued by the Registrar can include an order of correction, fixing a reasonable time for correction of the violation and may also contain:
* a mandatory suspension.
* a mandatory jail sentence.
* an assessment of a civil penalty (fine).
* none of the above.
an assessment of a civil penalty (fine).
51
A contractor should use his bookkeeping books for:
* establishing and maintaining his goals.
* keeping track of costs.
* estimating taxes.
* all of the above.
all of the above
52
A construction contract contained all the specifics that were basically necessary with the exception that there is wording that is somewhat vague. Which of the following is MOST right?
* A vague phrase renders the contract null and void.
* Construction contracts very often appear to be vague because of a wide number of interpretations that exist in the construction industry.
* It is of primary importance in construction contracts to exclude wording that is not readily understandable and to define all specifications as clearly as possible.
* This practice is the prevalent standard format in construction contracts and is acceptable.
It is of primary importance in construction contracts to exclude wording that is not readily understandable and to define all specifications as clearly as possible.
53
A contractor must keep a copy of these safety orders, those which apply to his own field of contracting, on the job at all times.
* True
* False
True
54
__________ of the contractor members shall be General Building Contractors.
* One (1)
* Two (2)
* Three (3)
* Four (4)
Two (2)
55
A construction elevator, as well as stairways, are required for structures or buildings ____ feet or more below ground level or ____ feet above ground.
* 50 – 50
* 40 – 60
* 48 – 60
* 30 – 60
48 – 60
56
A contracting business needs:
* sufficient resources for attracting business
* an area with sufficient construction activity.
* both A and B.
* neither A nor B.
both A and B.
57
__________ must be included in a contract.
* The job number
* Contractor’s name
* Contractor’s address
* The approximate completion date
The approximate completion date
58
A builder starts a construction company with $100,000 in cash and other assets. A year later, the company’s income statement shows that sales were $85,000 & net profit was $9,500. The return on investment was:
* 9.5 percent.
* 11.0 percent.
* 10.4 percent.
* 11.6 percent.
9.5 percent.
59
___________ which cause little or no profit on the job are often not figured by contractors.
* Closed costs
* Open costs
* Controlled extras
* A solid completion date
Open costs
60
A contractor finished a job and found that it was not up to code. Which of the following would be responsible for this problem?
* The prime contractor
* The subcontractor
* The building inspector
* The architect
The prime contractor
61
After the filing of the “Notice of Completion” by the owner, the subcontractors, laborers, materialmen, etc. shall file their Mechanics’ Liens within:
* 20 days.
* 30 days.
* 60 days.
* 90 days.
30 days
62
A 20 day Public Works Preliminary Lien Notice:
* is required for private and public works.
* is a necessary prerequisite to enforce a claim on a payment bond.
* can be given by a claimant who has a direct contractual relationship with the original contractor.
* Both A and B
is a necessary prerequisite to enforce a claim on a payment bond.
63
According to Cal/OSHA, the ground within ____ of buildings under construction should be kept reasonably free of irregularities wherever it is practicable.
* 4 ft.
* 5 ft.
* 6 ft.
* 7 ft.
6 ft.
64
A company has just purchased its own building; depreciation must be calculated using:
* the 10 year class.
* the 26.5 year straight line.
* the 31.5 year straight line.
* the declining balance.
the 31.5 year straight line.
65
A 5/8″ manila rope will break under a load of:
* 3,000 lbs.
* 6,500 lbs.
* 2,300 lbs.
* 4,400 lbs.
4,400 lbs.
66
A competitive bid contract is:
* a lump sum and unit price contract.
* when the contractor buys all materials and charges the owner 20 percent profit.
* when the contractor works by the hour at a predetermined rate.
* a cost plus fee contract.
a lump sum and unit price contract.
67
A 90 day Preliminary Lien Notice on a Public Works is:
* to protect the owner.
* served with the director of the department which let the contract.
* served after the work is completed.
* served before the work is completed.
served with the director of the department which let the contract.
68
A capacity plate must be posted inside the car and ropes must be inspected and records kept. How often must the ropes be inspected?
* Every 10 days
* Every 15 days
* Every 20 days
* Every 30 days
Every 30 days
69
After the contract has been finished and the owner requests additional work, what should the contractor do?
* Get the money first.
* Have the owner sign a change order.
* Attach the changes to the old contract.
* Have a verbal agreement with the owner.
Have the owner sign a change order.
70
A contractor’s bid is correct if:
* it shows a large profit.
* the actual cost is just below the estimated cost.
* he/she is getting more jobs than he/she can handle.
* the actual cost is just above the estimated cost.
the actual cost is just above the estimated cost.
71
A fiscal year and a calendar year:
* are never the same.
* are always the same.
* may start and end on the same days.
* None of the above
may start and end on the same days.
72
A contractor licensed as a General Building Contractor may advertise as a __________ if his B License is current and active.
* Roofing Contractor
* Plumbing Contractor
* Electrical Contractor
* General Building Contractor
General Building Contractor
73
A C-53 Swimming Pool Contractor must furnish a ________ bond or cash to be kept on file with the Registrar in order to maintain a valid license.
* $5,000
* $2,500
* 25,000
* $7,500
$25,000
74
A contractor receives a notice from the Employment Development Department (EDD) that one of his former employees has filed a claim for Unemployment Insurance (UI) benefits against his reserve account. He/she may:
* call EDD within 5 days and protest.
* protest, in writing, within 10 days of the mailing date of the notice.
* protest, in writing, within 30 days of the mailing date.
* protest, in writing, within 45 days of the mailing date.
protest, in writing, within 10 days of the mailing date of the notice.
75
A contractor should do which of the following to guarantee that there will be enough capital to meet the expenses?
* Establish a line of credit prior to starting business drawing on it only if absolutely needed
* Be certain that the company has enough money prior to starting a business
* Borrow whatever amount of money that he/she thinks the company will need that year
* Not start a business without enough capital
Establish a line of credit prior to starting business drawing on it only if absolutely needed
76
A contractor’s license is not necessary if a job is priced less than _____ including labor, services and materials.
* $500.00
* $400.00
* $300.00
* $250.00
$500
77
A California Contractor’s License is required for any construction work that is done in this State for which the total cost of labor, services and materials (combined) is ___________ or more.
* $250.00
* $300.00
* $400.00
* $500.00
$500
78
A contractor that fails to carry a valid policy of Workers’ Compensation Insurance cannot:
* take a job valued at over $500.
* maintain a contracting business.
* have employees.
* All of the above
Have employees
79
As a Project Manager, which of the following is the single most important aspect of managing a job in the field?
* Good knowledge of all trades in the job
* Personally inspecting all work being done at the job-site on a daily basis for quality and comparing it to the schedule of work
* Being able to read and understand the plans and specs for the job
* Bringing the subcontractors together at the right time
Personally inspecting all work being done at the job-site on a daily basis for quality and comparing it to the schedule of work
80
A contractor hiring a person does not have to have Workers’ Compensation insurance if the employee is hired for pay less than:
* $200.00.
* $300.00.
* $500.00.
* He/she has to insure the employee regardless of the amount.
He/she has to insure the employee regardless of the amount.
81
A contractor’s income taxes are based on:
* the balance sheet.
* the income statement.
* gross profit.
* net profit.
net profit
82
A contractor presents his lowest possible bid to a client. The client refuses to accept the bid claiming the price is too high. What should the contractor do?
* Lower the bid to cost and expect to make a profit based on extras
* Endeavor to have the customer reduce the size of the job
* Reduce the bid to cost and overhead only removing any excess profits
* If there is no ôfat” in the bid, maintain his/her original price or refuse the work
If there is no ôfat” in the bid, maintain his/her original price or refuse the work
83
As shown on an invoice for materials, the term: 2 percent – 10th prog. net 15 means:
* a 2 percent discount can be taken off the invoice total if paid within 10 days of billing, etc.
* the net invoice total only will be paid from 10 to 15 days after invoicing.
* after 15 days there can be additional charges.
* all of the above.
all of the above
84
As the prime contractor on the job, what are three of the main requirements before hiring a subcontractor?
* That he/she have a valid state contractors’ license, shows proof of workers’ compensation and that all of his/her employees have proper immigration papers
* That he/she have a valid state contractors’ license, show proof of liability insurance and that all of his/her employees have proper immigration papers
* That he/she have a valid state contractors’ license, show proof of workers’ compensation and liability insurance
* That he/she have a valid state contractors’ license, show proof of workers’ compensation and that he/she has completed his/her last three jobs on time in an acceptable manner
That he/she have a valid state contractors’ license, show proof of workers’ compensation and liability insurance
85
A corporation pays Franchise Taxes on:
* net income.
* gross income.
* profit.
* net worth and borrowings.
net income
86
A contractor’s bid was accepted for a complete project, but he/she accidentally omitted a part of the job from his/her bid. He should, therefore:
* add the additional costs for the omitted portion to the bid.
* do the work that was left out on a time and material basis.
* tell the customer of omission, show bid error and request withdrawal or change in price.
* proceed with the work even though it may cost a loss of monies.
A contractor’s bid was accepted for a complete project, but he/she accidentally omitted a part of the job from his/her bid. He should, therefore:
87
A contract can be cancelled when there is consent through duress or fraud by the other party.
* True
* False
True
88
A contractor’s license need not be displayed at the main place of business if:
* it is always available for inspection.
* the contractor carries the pocket card.
* it is displayed at the job site office.
* the license must always be displayed at the place of business.
the license must always be displayed at the place of business.
89
A contractor has to file a Stop Notice with a Preliminary Notice within:
* 10 days.
* 20 days.
* 60 days.
* The Stop Notice is NOT filed with Preliminary Lien Notice.
The Stop Notice is NOT filed with Preliminary Lien Notice.
90
A contractor must report all injuries or illnesses that are job-related to the Workers’ Compensation Insurance carrier within _________ of the occurrence.
* 1 day (24 hours)
* 3 days
* 5 days
* 10 days
5 days
91
A contractor must start a job within ______ days of the specific date in the contract or be guilty of a misdemeanor unless there is a lawful excuse.
* 3
* 20
* 10
* 7
20
92
A contractor is currently building an addition on an office building. The building was built in 1976. Which of the following statements is MOST true, according to the “Handicapped Access” Laws?
* Only the addition needs to be made handicapped accessible if the addition is over 200 sq. ft.
* Only the addition needs to be handicapped accessible and a "path of travel” to the remodeled area is generally required.
* The entire building must be made handicapped accessible since there is an addition being made to the building.
* The entire building must be made handicapped accessible if the addition cost more than $10,000.
Only the addition needs to be handicapped accessible and a "path of travel” to the remodeled area is generally required.
93
A contractor should show the construction contract to his/her attorney:
* once the permit has been taken out.
* prior to reviewing it with the customer and prior to signing it.
* after reviewing it with the customer prior to signing.
* never – the attorney should not interfere.
prior to reviewing it with the customer and prior to signing it.
94
A contractor’s most accurate method for scheduling the work to be done on a project is to:
* set up a pert chart.
* follow the scheduling as shown in the critical-path method.
* form a bar graph.
* base the schedule on information gathered from estimating books.
follow the scheduling as shown in the critical-path method.
95
To increase liabilities that are generally represented by credit balances, you would:
* credit the liability.
* debit the assets.
* debit the owner’s equity.
* credit the assets.
credit the liability.
96
A CPA advises a contractor to set up a cost management system. What will this program provide?
* It compares what others are charging for subcontract work.
* It gives a cost history for use in order to analyze labor and material costs.
* It shows where profits and losses are.
* It shows costs of material.
It gives a cost history for use in order to analyze labor and material costs.
97
A contractor, working for the Perez Construction Co., observed an employee putting tools belonging to the company in his/her tool box and leaving the office. The contractor followed him/her out and asked for an explanation. The employee could not give an explanation and was ultimately fired. Is the employee entitled to unemployment benefits?
* No, absolutely not
* Yes and the reserve account for the company would be charged if it had a bad rating
* Yes and the reserve account would be charged
* If it was decided that he/she was entitled to unemployment benefits, the reserve account of the company would not be charged
If it was decided that he/she was entitled to unemployment benefits, the reserve account of the company would not be charged
98
A drawing which is 1/48 actual size has a scale of:
* 1/8″ = 1′.
* 1/4″ = 1′.
* 3/16″ = 1′.
* 1/2″ = 1′.
1/4″ = 1′.
99
A Federal Employer Identification Number is given to each employer by the:
* County Tax Assessor.
* Franchise Tax Board.
* Internal Revenue Service.
* Board of Equalization.
Internal Revenue Service.
100
A contractor’s gross profit for a project is determined by which of the following?
* Amount of contract – direct costs – indirect costs = gross profit
* Amount of contract – indirect costs = gross profit
* Amount of contract – labor – materials = gross profit
* Amount of contract – direct cost – indirect costs – general overhead – income taxes = gross profit
Amount of contract – direct costs – indirect costs = gross profit
101
A contractor’s license may not be suspended or revoked for abandonment of a project if only _____ of the job remains to be finished.
* 3 percent or less
* 5 percent or less
* 7 percent or less
* none
none
