CA Contractor's Law and Business Test 2 Questions with Correct Answers 2024/2025 A(n) _____ is used to analyze the income and outflow of cash during a period of time.
Click here to select answer A.balance sheet
Click here to select answer B.income statement
Click here to select answer C.profit plan
Click here to select answer D.cash flow statement - Correct Answer D
Lead in Construction work:
Click here to select answer A.employers shall provide a written lead-work pre-job notification to the nearest DOSH District office.
Click here to select answer B.employers are responsible for being knowledgeable about the permissible exposure limit (PEL).
Click here to select answer C. 1 / 4
the employer shall ensure that all employees and supervisors that perform any lead-related construction work are trained by an accredited training provider and are then certified by the California Department of Health Services (CDPH).
Click here to select answer D.all of the above. - Correct Answer D
A subcontractor must file a mechanics' lien with the:
Click here to select answer A.County Clerk
Click here to select answer B.County Recorder
Click here to select answer C.owner
Click here to select answer D.lender - Correct Answer B
A notice canceling a home solicitation contract becomes effective:
Click here to select answer A.when the written notice is deposited in the mail
Click here to select answer B.when signed by the owner 2 / 4
Click here to select answer C.the day the owner cancels by telephone
Click here to select answer D.within 72 hours from the postmark on the cancellation letter - Correct Answer A
An income statement shows:
Click here to select answer A.assets and liabilities over an extended period of time
Click here to select answer B.revenues and losses at a certain point in time
Click here to select answer C.assets and liabilities at a certain point in time
Click here to select answer D.revenues and expenses over an extended period of time - Correct Answer D According to State Law, what should an employer do if an employee is using defective machinery?
Click here to select answer A.Correct the safety violation immediately.
Click here to select answer B. 3 / 4
First report the safety violation to Cal/OSHA.
Click here to select answer C.First report the problem to the prime contractor or awarding authority.
Click here to select answer D.Ask for a consultation with a safety engineer. - Correct Answer A
At the end of each month, data is posted from the bookkeeping journals to the:
Click here to select answer A.payment journal
Click here to select answer B.general ledger
Click here to select answer C.receipts journal
Click here to select answer D.general journal - Correct Answer B What is the best way to monitor labor costs?
Click here to select answer A.Figure the hours from detailed time cards.
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