Kansas Contractors License Exams

Kansas Business and Law Contractor

Sample Questions for the Kansas Business and Law Contractors Exam

  1. Business equity shown on the financial statement is called:
    1. Summary of Operations
    2. Balance Sheet
    3. Statement of cash Flows
    4. Income Statement
  2. Contractors who keep inventories of materials should be aware that overstocking means:
    1. Higher insurance premiums and lower efficiency in the use of storage space
    2. More commitment of capital you could be turning over to produce higher profits
    3. Higher property taxes and the potential for losses due to obsolescence
    4. All of the above
  3. According to OSHA, what are the four areas an employer is generally responsible for?
    1. Material damage, equipment damage, disasters, and general duty clause
    2. Employee injuries, health claims, job site security, and display
    3. Work situations, working conditions, record keeping, and work experience
    4. Record keeping, construction standards, general duty clause, and display
  4. For short range planning, statements by job are:
    1. Not useful at all, since planning is invariably a long-range process
    2. Valuable for control on a day-to-day basis
    3. Too time consuming to be of any immediate help
    4. Useful only for large jobs
  5. Bidding requirements include which of the following:
    1. Invitations to bid
    2. Instructions to bidders
    3. Bid bond forms
    4. All of the above
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