60 Hours

Which of the following is true in regard to employing minors?

• (A)

  A Minor shall not work more than 6 days a week

• (C)

  14 and 15 year old's may work during school hours if necessary

• (D)

  Both A and B

• (B)

  Every 5 hours of work requires a 30 minute break

• None

Answer explanation

If you picked A and B it correct

Which is NOT an advantage of sole proprietorship?

• Minor investment to get started

• None

• Owner is liable for all debts

• Owner determines how profits are used

• Easy to establish

Which is NOT an advantage of a general partnership?

• Merges assets,credit,equipment and talents of the partners

• All partners share in decision making and profits

• Each partner is liable for the business debts of the other partner

• Increases the capacity for bounding and bidding

• None

What allows an individual to invest in a general partnership but have no input to how the partnership is operated?

• S-Corporation

• Limited Partnership

• Sole Proprietorship

• General Partnership

• None

What is it called when several business members come together to form a new business entity larger and financially stronger than if they acted alone?

• Limited liability company

• Sole proprietorship

• S-Corporation

• Joint Venture

• None

What is the first offense penalty for engaging in the practice of residential building without a license?

• Not less than $1,000 and not more than $10,000 and/ or one year

• Not less than 5,000 and not more than $10,000 and / or two year

• Not less than 5,000 and not more than $25,000 and/ or one year

• Not less than $5,000 and not more than $5,000 and/ or two years

What is the penalty for engaging in the practice of residential builders license, resulting in a death?

• Not less than $1,000 and not more than $10,000 and/ or one year

• Not less than $5,000 and not more than $10,000 and/or two years

• Not Less than $5,000 and not more than $25,000 and/or one year

• Not less than $5,000 and not more than $25,000 and/or four years

• NONE

On your individual builder's license application, what should you write as your " Business address"?

• Your personal address

• The address of your previous or current employer

• leave it blank

• The testing site address

• none

What is the cost for the individual builder's license?

• $100

• $250

• $300

• $195

• @NONE

After receiving your residential builder's license, what are the only trades not covered by your license?

• Pating and Decorating

• Plumbing,electrical, and HVAC

• Pluming only

• Electrical and plumbing

• None