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Depreciation is taken on which of the company's assets? a. Loans b. Current assets c. Fixed assets d. None of the above correct answersC ... Explanation: Depreciation is counted from fixed assets. A private employer who employs __ or more people as of July 1, 2010, may not hire a new employee unless the employer is registered with and uses a status verification system such as E -Verify to verify the federal legal working status of any new employee. a. 5 b. 10 c. 15 d. 1 correct answe...

Construction projects are defined by which three factors? correct answers1. Scope 2. Budget 3. Schedule In a traditional design/bid/build (D/B/B) project, a project's life cycle will begin with what? correct answersD/B/B BEGINS WITH THE INITIATION OF PLANNING AND DESIGN What are the major duties of Construction Manager? correct answersCONSTRUCTION MGR (CM) AKA CONSTRUCTION PROJECT MANAGER (CPM) : PLANS - DIRECTS - BUDGETS - MANAGES PROJECT COMPARE THE ENGINEERING AND DESIGN SPECIFI...

A designated employee should be? correct answersAt least 18 yrs old, full time employee, has passed required examination What is the initial Recovery Fund Fee? correct answers$25 A contractor does not notify a change of address and os does not receive a timely Notice of Renewal. Who is responsible when the contractor does not renew his license on time? correct answersThe licensed Contractor If a contractor earns more than $ per yr, then the contractor requires a Class A license. correct...

Which of the following represents pure risk? A. Purchase of stock in a new company B. An investment in real estate C. Purchase of a lottery ticket D. Chance of fire in a dwelling correct answersD. Chance of fire in a dwelling WHICH OF THE FOLLOWING IS A PERIL? A. ATTITUDE TOWARDS SAFETY B. FIRE C. DEDUCTIBLE D. AN EXCLUSION correct answersB. FIRE Direct loss refers to: A. Fire damage to a dwellings roof B. Cost of increased living expenses due to a fire C. Reduction in the valu...

The standard industry mark-up is? correct answers15% - Bus Law & Proj Mgmt pg 7-7 Which of the following is important to consider in order to avoid inaccuracies when making an accurate project estimate? A) Units of measure B) Time involved C) Overhead Costs D) Productivity time correct answersA) Units of measure - Bus Law & Proj Mgmt pg 6-8 A crucial drawback of a ________ is double taxation. correct answersC Corp Class B fires are flammable liquids and require a special type of e...

1. What type of contract requires the contractor to be responsible for both the engineering and construction of a project? a. Traditional b. Design build c. Turn key d. Concession correct answersb. Design build 2. By what date is an employer required to provide its employees with a W-2? a. January 31 b. February 15 c. March 31 d. April 15 correct answersa. January 31 3. When developing a project schedule, what does WBS stand for? a. Work breakdown structure b. Work building sche...

An employee earns $12.50 per hour. What is the gross pay of this non-exempt employee who works 45 hours during a holiday week, and receives 8 hours additional pay for the holiday? A.$562.50 B.$662.50 C.$693.75 D.$743.75 correct answersC.$693.75 Which of the following statements about a sole proprietorship is TRUE? A. The business, or any part of it, can be sold, altered, or exchanged at will. B. The business will survive the death of the owner. C. It provides the owner wi...

A designated employee should be? a) any full time worker b) At least 18 years old, full time employee, has passed required examination c) at least 18 years old and 5 years experienced for Class A d) the owner correct answersb) At least 18 years old, full time employee, has passed required examination A contractor does not notify a change of address and so does not receive a timely Notice of Renewal. Who is responsible when the contractor does not renew his license on time? a) USBC b...

What is the minimum distance from exposed ground for a wood framing member that is in contact with?? correct answers24 inches What is the maximum allowed slope for the top surface of a footing? correct answersNone Where should a drip edge be used? correct answersBeneath the underlayment What is the minimum height for guard rails for balcony? correct answers36 inches What test is performed to determine the drainage capacity of a soil? correct answersPerculation test- Perc Test What...

What is the MAXIMUM penalty for a contractor who undertakes work without the proper class of license? correct answers$500 fine per day for each day of violation plus penalties for a misdemeanor. What is the PRIMARY purpose of licensing? correct answersProtect the health and welfare of the public. The application for licensure MUST include correct answersthe business address of the proposed designated employee. All of the following must be licensed EXCEPT correct answersa material suppli...