Exam questions

Question 1

Erosion and sediment control measures must be designed to control runoff of a _____ year storm.

Answer 1

10

Question 2

When must a contractor must pay a subcontractor?

Answer 2

When the subcontractor submits an invoice

Question 3

Applications to become a licensed contractor must be submitted to the board more than _______ days prior to the regular meeting of the board.

Answer 3

30

Question 4

The contractor must notify the board________ when the qualifier leaves the company.

Answer 4

Within 7 days

Question 5

The contractor must notify the board within ______ days of the qualifier leaving employment with the company.

Answer 5

90

Question 6

The unauthorized practice of acting as a general contractor is ________

Answer 6

Class 2 Misdemeanor

Question 7

Who must have a contractor’s license to perform their normal duties relative to building a structure except.

Answer 7

Engineer

Question 8

No permit shall be issued on a commercial building when the cost exceeds _________ , unless the drawings have been sealed by a North Carolina professional.

Answer 8

$50,000

Question 9

One important use of the general ledger is to _______________.

Answer 9

compile financial statements

Question 10

The two most common types of insurance in the construction industry are

Answer 10

Workers’ compensation and liability

Question 11

What MUST be included in a valid contract?

Answer 11

Identities of the parties

Question 12

The document requesting an extension of time is called a _______.

Answer 12

Claim

Question 13

A contract requires the contractor to indemnify the owner for any liability the owner might incur under the contract. The contractor should

Answer 13

Have the contract reviewed by an attorney

Question 14

General overhead cost include:

Answer 14

Withholding taxes and workers compensation cost

Question 15

When a company submits payroll taxes to the IRS it must:

Answer 15

Have previously completed a W-4 form for all employees added to the payroll

Question 16

Which of the following is included in project overhead?

Answer 16

temporary jobsite office

Question 17

According to the EPA, when is a contractor required to create and implement a Storm Water Pollution Plan?

Answer 17

When the project disturbs one acre or more

Question 18

One primary weakness of using a time scale (bar chart) to schedule construction activities is that it

Answer 18

Does not show when activities should occur

Question 19

In an estimate, a contractor should account for added security of a project site by applying all the following

Answer 19

Order large quantities of materials to minimize the number of deliveries

Question 20

The time that a project component can delay completion of the overall project is known as

Answer 20

Control time

Question 21

A manufacturer’s specification publication for a type of work is incorporated by reference into the contract specifications. This type of work is also covered by the local code. The best solution would be for the contractor to

Answer 21

Perform the work in accordance with the local code only

Question 22

An owner makes a progress payment to the contractor one day later than originally called for by the contract. The contractor leaves the job before completing it. The contractor probably is

Answer 22

Legally justified

Question 23

Which type of contract will result in a progress payment that is based on current percentage of completion?

Answer 23

Cost plus

Question 24

The time that a project component can delay completion of the overall project is known as

Answer 24

Float time

Question 25

A recognized process for improving company profit is

Answer 25

Improve safety

Question 26

An employee notices a possible safety hazard on a construction project. The employee notifies the contractor. Safety regulations do not address the hazard. What should the employee do?

Answer 26

Correct the hazard

Question 27

All the following methods can be used to remit Federal income tax deposits except

Answer 27

Including payment with a timely filed Federal income tax return

Question 28

A business must meet the requirements of the Fair Labor Standards Act when they have more than ________ employee.

Answer 28

One