Exam75

Welcome to Your Florida Business & Finance Free Practice Test

Ready to boost your confidence for the business portion of your contractor's exam? You're about to experience a focused practice session designed by successful Florida contractors who've been exactly where you are now.

Exam Details

Time Limit
30 minutes

Questions
10 randomly selected

Question Bank
40 unique questions

Test-Taking Tips

Use your time wisely - Just 3 minutes per question

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Cost per attempt: Unlimited free attempts for ad-supported exams, but with a restricted set of 40 questions available. Our full exam offers many more with no ads.

Format: Open book, just like the real exam

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What Makes This Practice Test Valuable:

Questions crafted by licensed Florida professionals

Current Florida business regulations

Real scenarios you'll encounter on exam day

Please enter your following information to get started:

1 / 10

Which is not used when calculating goods sold to average inventory ratio?

A) labor

B) materials purchased

C) all other direct costs

D) total monthly averages

2 / 10

Who shall be responsible for purchasing and maintain property insurance for the work?

A) architect

B) owner

C) contractor

D) lender

3 / 10

Who shall be responsible for initiating, maintaining, and supervising all safety precautions and programs in connection with the performance of the contract?

A) contractor

B) subcontractors

C) architect

D) OSHA

4 / 10

Who has the authority to reject work that does not conform to the contract documents?

A) owner

B) architect

C) contractor

D) subcontractor

5 / 10

Which is a method of improving cash flow?

A) maintaining a high inventory

B) taking advantage of discounts

C) converting all cash sales to accounts receivable

D) paying off liabilities

6 / 10

The subcontractor shall not assign or subcontract without the consent of the .

A) Architect

B) Owner

C) Contractor

D) Architect and owner

7 / 10

The bidder shall deliver the required bonds to the owner not later than days following the date of the execution of the contract.

A) 1

B) 3

C) 5

D) 7

8 / 10

ABC Rope, Inc. sold a rope with a 4,000-pound capacity to AAA Construction. The rope factor was 4:1. The maximum safe load AAA Construction may lift with the rope is?

A) 2 tons

B) 16 tons

C) 2,000 pounds

D) 1,000 pounds

9 / 10

Controlling purchases using a purchase order system could help you control ____________.

A) accounts receivable

B) bad debts

C) job costs before you are committed

D) payroll

10 / 10

According to Florida Construction Lien Laws, which of the following is considered an improper payment by an owner to a contractor?

A) a payment made before notice of commencement expires

B) before any notice to owner is received

C) after a notice to owner has been served and a waiver of release has been obtained by the owner

D) payments made by owner after a notice to owner has been served and before a waiver has been obtained by the owner

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Welcome to Your Florida Business & Finance Free Practice Test

Exam Details

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