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Worksheets60 Hours
Total questions: 28
Worksheet time: 14mins
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
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
Who testing company for the State of "MICHIGAN "
LARA
PSI
ABC
Michigan Builder's License
NONE
What is the name of the department that regulates your license?
CEO
Circuit Court
PSI
LARA
NONE
Before you may test you must
Present two valid forms of identification
Be 25 years of age or older
Submit sample questions by mail
take an additional class on computer competency
In order to schedule your test with PSI you may?
Schedule online
Schedule my mail
schedule by phone or fax
all of the above
none
When will you receive your test score?
as soon as you complete the test
Within 1 week of completing the test
within 4 weeks of completing the test
within 3 days of completing the test
What are the 2 parts of the Residential Builders Examination?
Business and Law examination/
Matience and alteration examination
Salesperson examination/ Practice and Trade examination
Business and Law examination/ Practice and Trade examination
Business and Law examination/ Accounting and Finance examination
Howlong will you have to complete the practice and Trade portion of the exam?
What is a quick asset ratio?
1 to 1
5 to 1
10 to 1
to 1
?
Not sure
Under the carpentry section of the test,what does a "span table" tell us?
The time span in which a job needs to be completed
What species and what grade of lumber a floor joist has to be to span a certain distance
the time span a subcontractor will be on job
all of the above
Which of the following topics will be covered on the exam?
Carpentry
Roofing
Insulation
All of the above
Which is NOT a reason that you need a residential business license?
It allows you to be able to file a lein on property
It allows you to pull a residential permit
It allows you to file a lawsuit if necessary
It allows you to work on commercial properties
?Not sure ?
Where does most fraud occur?
In the residential market
In the commercial market
evenly between residential and commercial markets
fraud does not occur do to the regulations of the board
As a builder, your licence falls under the regulation of...
Rules by the director and board
Laws of the State of Michigan
Both rules by the director and board as well as laws of the state of Michigan
Neither rules nor laws
What is the market up of the 9 members of the board?
5 individuals that have a license or registration on the occupation in which the board monitors and 4 members of the general public
6 Individuals that have a license or registration on the occupation in which the board monitors and 3 members of the general public
8 individuals that have a license or registration in which the board monitors and 1 building inspector
8 members of the general public and 1 building inspector
Under the definition of occupational code, what does the word "limitation" refer to?
A person who has been issued a license
A departure from,or failure to conform to minimal standards of acceptable practice for the occupation
A condition, stricture, restraint or probation
attached to a license relative to the scope of practice
Each individual residing in the state who is 18 years or older
Who, upon completion of a hearing, shall assess a penalty or penalties?
The governor
The building inspector
The state of Michigan
The board
If you fail to renew your license or registration on or before the expiration date,how many days do you have to resubmit with the proper payment and late fee?
When the department is investigating a complaint and finds evidence of a violation, what action can be brought against the respondent?
a cease and desist order
a formal complaint
a citation
all of the above
