California Contractors License Test Class Questions And Answers 2023, Exams of Nursing

Download California Contractors License Test Class Questions And Answers 2023 and more Exams Nursing in PDF only on Docsity! California Contractors License Test Class Questions And Answers 2023 Who does not need a contractors License? - Correct Answer ✅someone who does certain construction on commercial agricultural property The contractor surety Bond necessary for most contractors to obtain their license is in the amount of - Correct Answer ✅$15,000 When licensed as a Sole Proprietor the license belongs to - Correct Answer ✅the Company Which is true of an inactive license? - Correct Answer ✅Must be renewed every 4 Years How many classifications can an RME apply for? - Correct Answer ✅As many classifications as he or she can qualify for. A prime contractor shall pay his or her subcontractors - Correct Answer ✅within 7 days of receipt of each progress payment A contractor wants to use a fictitious name as a business name style. When does the fictitious name statement needed to be filed? - Correct Answer ✅Before conducting Business California Contractors License Test Class Questions And Answers 2023 During a declared state of emergency how much may a contractor increase his prices? - Correct Answer ✅10%above the price just prior to the declared state of emergency. If John Burroughs the sole proprietor of a pluming company is applying for a license as am individual, which of the following name styles is not permitted? - Correct Answer ✅permitted: John Burroughs Burroughs Plumbing Co. J.B. Co. Not-Permitted: John Burroughs Inc. Active licenses must be registered every------ and inactive licenses should be registered every----- - Correct Answer ✅2 years, 4 years After you pass the state license test what should you do in order to receive an active license number? - Correct Answer ✅Pay your registration fees. Submit a complete asbestos open book examination. Show proof of workers comp insurance or submit a waiver of workers comp and submit your "pass" letter. Which of the following may qualify for more than one contractors license? - Correct Answer ✅Sole proprietor. California Contractors License Test Class Questions And Answers 2023 If a contractor includes provision in a contract for use of private arbitration and a dispute between the owner and the contractor makes an arbitration necessary, who will bare the cost of a private arbitrator? - Correct Answer ✅The Owner and contractor will slit the cost of the arbitration. If a contractor provides the owner with a 10-year written warranty covering a patio cover he has installed, and the cover begins to deteriorate after 5 years of being installed which is true? - Correct Answer ✅the state will hold the contractor liable for the entire term of the written warranty. Who is responsible for providing the owner a copy of the "Notice of Cancellation"? - Correct Answer ✅The Prime Contractor In which of the following circumstances must you provide your license number? - Correct Answer ✅All contracts, all Advertising, All preliminary Notices. Who is responsible for determining when the project is complete? - Correct Answer ✅The owner/ his Agent Stop Notices are Bonder for - Correct Answer ✅1 & 1/4 the amount of the claim California Contractors License Test Class Questions And Answers 2023 In drawing up "Home Improvement Contracts," contractors should pay attention to the requirements of print typeface and point size of the notices and disclosures. Unless a larger typeface is specified in the law (Business and professions Code) text in any printed form should be: - Correct Answer ✅10-pt Typeface and the headers should be at least 10- pt Boldface The costs of running your business including office expenses etc, is called: - Correct Answer ✅Overhead expenses Direct Labor is compromised of: - Correct Answer ✅cost for labor and payroll taxes Which of the following is an asset in the Balance sheet? - Correct Answer ✅Accounts Receivable Direct Costs Consist of: - Correct Answer ✅Direct Labor, Direct labor burden, direct materials and other direct costs. Good Cash Flow is achieved when: - Correct Answer ✅current liabilities are less than current assets Equity is: - Correct Answer ✅Total assets less total liabilities California Contractors License Test Class Questions And Answers 2023 Networking Capital is: - Correct Answer ✅the difference between current assets and current liabilities A contractor is preparing a bid for repairs and the contractor estimates his direct costs to b $1,000. the contractor knows that his overhead is 25% and the contractor wants a 5% profit the contractor should submit a bid for: - Correct Answer ✅$1,428.57 (1,000/.70) a contractor estimates labor and materials to be $2,500. Allowing for 15% overhead and 5% profit. what should the total bid be? - Correct Answer ✅$3,125 (2,500/.8) When business is bad which of the following - Correct Answer ✅Bid on jobs only if you can make a profit Unresolved conflicts will result in extra costs and loss time for which of the following? - Correct Answer ✅the client, contractor, and state. If you're working in a DIFICULT phase of a project and the owner comes to you with a complaint about the windows you have installed what do you do? - Correct Answer ✅Stop what you are doing and deal with the owners complaint