CSLB Law & Business, Questions with accurate answers. 100% verified.

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CSLB Law & Business, Questions with accurate answers. 100% verified. A "hard" laborer cannot be younger than: - ✔✔-16 years old A balance sheet shows: - ✔✔-assets and liabilities at a cert... ain point in time A bookkeeper for a construction company sends out invoices once a month. How should the company file its copy of each invoice? - ✔✔-accounts receivable A Cal/OSHA permit is required for trenches that are _____ or more in depth - ✔✔-5 feet A consumer may cancel a home solicitation contract at any time prior to midnight of the _____ after the date of the transaction. - ✔✔-3rd business day A contractor bids on a home improvement project and earns the bid. Later, he decides not to take the job. Which bond would protect the home owner? - ✔✔-Bid Bond A contractor has had a problem with employees stealing tools and equipment from job sites. When conducting job interviews, may the contractor ask prospective employees about their arrest records? - ✔✔-It is not legal to ask prospective employees about arrests not leading to convictions. A contractor is looking for an insurance policy to cover a high degree of exposure to risk. Of the following, which policy would be best for this purpose? - ✔✔-Umbrella A contractor is required to report a construction-related civil court judgement to CSLB within ____________. - ✔✔-90 days A contractor may collect what percent as a down- payment for a Service and Repair contract? - ✔✔-Zero Percent A contractor must provide an express limited warranty for at least ______ ______ covering fit and finish items. - ✔✔-One Year A contractor on a public works project that, the entire project is over $30,000, the contractor must employ one (1) hour of apprentice work for every ______ hour(s) performed by a journeyman for each separate craft at the end of a project. - ✔✔-5 hours A contractor, on his own initiative, changed the design of a building and carried out the change. The owner rejected the change and stated that the building has lost market value. If the owner takes the contractor to court and obtains a favorable judgment, the owner is: - ✔✔-due the cost of repairs or the loss of market value A general contractor who is doing asbestos-related work that involves 100 square feet or more must register with: - ✔✔-DOSH. A hard-soil anchor is installed about ____ inches into the ground. - ✔✔-30in A home improvement salesperson's registration must be renewed: - ✔✔-every two years. A homeowner may file suit for an improper application of paint up to ______ ______ after escrow closes. - ✔✔-5 years A licensed contractor wants to do construction projects with an unlicensed individual. Of the following, which is a legal alternative? - ✔✔-They may form a corporation and obtain a corporate license. A mechanics' lien is a written document that must be signed and verified by the claimant. The first and third steps a contractor should take in filing a lien are listed below. Step 1: Obtain the exact legal description of the property. Step 2: Step 3: Find out if the person requesting the work of improvement is the owner. What is Step 2? - ✔✔-Find out the name of the legal owner of the property as well as the percent of ownership. A notice canceling a home solicitation contract becomes effective: - ✔✔-when the written notice is deposited in the mail A payment bond would be posted by the: - ✔✔-prime contractor or property owner. A prime contractor entered into a construction contract with a subcontractor. An employee of the subcontractor was injured, but unfortunately the subcontractor had not secured workers' compensation coverage. Which of the following statements best describes the situation, except in cases of fraud? - ✔✔-The subcontractor is guilty, but the prime contractor must take responsibility for the injuries. A subcontractor must file a mechanics' lien with the: - ✔✔-County Recorder A subcontractor or material supplier has _____ days to file a lien once a notice of completion has been recorded. - ✔✔-30 days A subcontractor who does not serve a preliminary notice: - ✔✔-loses both stop notice and mechanics' lien rights A supplier who is furnishing a contractor with equipment or materials without any form of security other than the reputation of the contractor for paying debts when due has extended what type of credit? - ✔✔-open account A time card includes the day and hours the person worked, as well as: - ✔✔-a description of the work A(n) _____ summarizes revenues, cost of sales, and operating expenses over a period of time. - ✔✔- income statement All contractors working on a public works project MUST be registered with - ✔✔-Department of Industrial Relations An "aging" report is: - ✔✔-a way of keeping track of overdue accounts An employer must file federal Form 1099-MISC to report payments of _____ or more per calendar year to persons not treated as employees (e.g., independent contractors) for services performed for the business. - ✔✔-$600 An employer must furnish an employee with a completed IRS Form W-2 (Wage and Tax Statement) by: - ✔✔-31-Jan An employer remits State disability taxes withheld from an employee's wages to what agency? - ✔✔- Employment Development Department An employer who receives a citation for a serious violation of Cal/OSHA regulations can be assessed a penalty of up to _____ for each violation. - ✔✔-$25,000 An income statement shows: - ✔✔-revenues and expenses over an extended period of time An individual who meets certain conditions may serve as the qualifier for up to _____ firms in any oneyear period. - ✔✔-three As required by the Immigration Reform and Control Act, all employees hired on or after November 7, 1986 must complete Form _____ to verify their employment eligibility status. - ✔✔-I-9 At the end of each month, data is posted from the bookkeeping journals to the: - ✔✔-general ledger Before beginning work, an employer or contractor must inquire whether asbestos is present in any building constructed prior to: - ✔✔-1978 Before you build on landfill you must notify: - ✔✔-government/engineers Bid bonds, Performance bonds and Payment bonds are included in the _____________ section of the contract specifications. - ✔✔-Contract Forms Bob Smith is the RME for the XYZ Construction Co., where he works all week. His own construction business, under a different name and license number, builds decks on weekends. Is this an acceptable practice for Bob? - ✔✔-No: Bob may qualify only XYZ Co.'s license in this case. Business records must be kept and made available for inspection by the Registrar of Contractors for a period of _____ after completion of a construction project or operation. - ✔✔-5 years By law, the maximum hours in a week a minor can work is: - ✔✔-48 Contractors must hire apprentices if the public works contract is valued at _________ or more. - ✔✔- $30,000 Contractors working on public works projects must renew their registrations with the Department of Industrial Relations (DIR) by: - ✔✔-July 1 CSLB offers two free arbitration programs - a mandatory program for disputes involving alleged damages of less than _____________. - ✔✔-15,000 CSLB offers two free arbitration programs - a voluntary program for disputes involving alleged damages of between ________ and _________. - ✔✔-$15,000 and $50,000 DOSH has the power to stop work on a job due to unsafe conditions for: - ✔✔-96 hours DOSH must investigate a complaint charging a serious violation of health or safety standards within: - ✔✔-Three working days Equity is: - ✔✔-Total Assets less Total Liabilities. Every employer of _____ or more full- or part-time employees must keep written health and safety records for _____ years. - ✔✔-11 & 5 Excavators must clearly mark the boundaries of a work area, usually with _____ paint. - ✔✔-White Except in an emergency, you must notify the regional Underground Service Alert Center within how many days before beginning to excavate? - ✔✔-at least two working days but not more than 14 calendar days Fixed costs apply to which of the following categories? - ✔✔-overhead Fixed costs are a part of which of the following categories? - ✔✔-Overhead How deep must asbestos be buried within 24 hours of delivery at a disposal site? - ✔✔-6 inches How is a 1:3:6 concrete mix classified? - ✔✔-lean How long after an employee's termination should a company maintain the employee's time card? - ✔✔- One Year How long does a client have to cancel a contract for repairs that are the result of an event for which a State of Emergency was declared? - ✔✔-7 business days How long does a client have to submit a claim for service or repair of a defect on fit and finish items after a remodel? - ✔✔-1 year How long must an employer keep records of FUTA and other federal payroll taxes? - ✔✔-4 years How long should you keep accounting records? - ✔✔-5 years How many bathrooms must be provided for every 20 employees? - ✔✔-1 bathroom How many days does a contractor have to notify CSLB after being issued a workers' compensation insurance policy? - ✔✔-90 Days How many days of inactivity must pass before a notice of cessation may be recorded? - ✔✔-30 days How much asbestos can a General B, remove without notification? - ✔✔-100 sqft How much can a contractor raise his prices during a declared state of emergency and not be guilty of price-gouging? - ✔✔-10% How much money can a contractor take as a down payment for work? - ✔✔-10% or $1000, whichever is less How often are FICA taxes reported and paid? - ✔✔-Quarterly How often are you required to pay sales tax? - ✔✔-It depends on the expected amount of taxable sales. How often must Form 941 be submitted? - ✔✔-Quarterly How often should a contractor visit a job to schedule deliveries, resolve conflicts, and coordinate the work of subcontracts? - ✔✔-Daily HVAC plans are typically shown on the ______ plans. - ✔✔-floor If a contract is canceled and materials have already been delievered to the project, how many days do you have to pick up the unused materials? - ✔✔-20 days If a contractor changes a business name or address or has any changes in the personnel listed on the license, the Registrar must be notified within: - ✔✔-90 days If a contractor forgets to renew his or her license on time, the expired license may be renewed any time within _____ after its expiration without reapplying for a license and fulfilling the exam or waiver requirements again. - ✔✔-5 years If a contractor includes a provision for private arbitration in a printed contract, it must be set out in at least: - ✔✔-10-point roman boldface type or in contrasting red print in at least 8-point boldface type. If a contractor violates any of the provisions of the Subletting and Subcontracting Fair Practices Act, the contractor may be charged a penalty of up to ______ of the contract involved. - ✔✔-10% If a newly hired employee does not have an SSN, what should be done? - ✔✔-The employee must apply for an SSN. If a sales presentation is made in Spanish, the home solicitation contract: - ✔✔-Must be made in spanish If a subcontractor wants to substitute material on a job, who must approve the substitution? - ✔✔- Owner If a worker's wages are garnished and the labor contract provides less protection than the State's guidelines, what does the law require? - ✔✔-The section of the contract providing less protection is void. If an employee has a child support order, what is the maximum amount can be withheld from the employees paycheck? - ✔✔-50% If an employee violates a safety rule and causes injury to another employee, who is legally responsible? - ✔✔-The employer If no notice of completion or cessation is given on a job, how many days does a contractor have to file a mechanics' lien after completion of work? - ✔✔-90 Days If the "ARBITRATION OF DISPUTES" clause is not included and initialed by both parties in a home improvement contract, arbitration may not be enforced against any person other than the: - ✔✔- licensee. If the contractor forgot to include something in the contract. The contractor will: - ✔✔-absorb the cost If there is a problem with a code violation after the project is complete, who is responsible? - ✔✔- Architect and Contractor If you are planning to dig, drill, and bore at a job site, you should notify _____ before starting work. - ✔✔-the regional Underground Service Alert Notification Center If, during excavation, you unearth human remains or burial artifacts at a construction site, what should you do? - ✔✔-Stop work immediately at that site and any other nearby area that may have remains. In an evaporative cooling system, the air is cooled by _____________. - ✔✔-a water spray mist over fiber pads In general, the Registrar of Contractors must start legal action within ______ _______ from the time of a complaint is filed regarding a licensee.+ - ✔✔-4 years In most construction contracts, the retention may be held for up to _____ days as a guarantee that the prime pays the subcontractors and suppliers. - ✔✔-60 In order to be classified as "high voltage," voltage must be greater than: - ✔✔-600 volts Insured employers must report every work-related illness or injury to their workers' compensation carrier within _____ of the incident. - ✔✔-5 days Is it legal for a contractor to hire professional strikebreakers to replace striking employees? - ✔✔-No. The contractor is subject to a maximum fine of $1,000 and/or a maximum jail sentence of 90 days Is it legal for a contractor to pay employees in cash? - ✔✔-Yes, if the contractor provides each employee with a wage deduction statement semimonthly or at the time of each wage payment. Is it legal for a contractor to require employees to take lie detector tests? - ✔✔-It is not legal for the contractor to require lie detector tests, but it would be legal for a federal, state, or local public agency to require lie detector tests of their employees. Licensed Plumbing (C-36), Sign (C-45), and Well Drilling (C-57), contractors must have their business name, business address, and contractor's license number in letters at least __________ inch(es)high on both sides of their commercial vehicles. - ✔✔-1 1/2 in [Show More]

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