North Carolina Contractors License Exams

North Carolina Electrical Specialty Restricted Ground Water Pump

Sample Questions for the North Carolina Electrical Specialty Restricted Ground Water Pump Exam

  1. A business which keeps accounting records separate from those of its owner but is not legally separate from its owner is called a what?
    1. corporation
    2. limited liability partnership
    3. franchise
    4. proprietorship
  2. A business which keeps accounting records separate from those of its owner but is not legally separate from its owner is called a what?
    1. corporation
    2. limited liability partnership
    3. franchise
    4. proprietorship
  3. An example of fixed temperature sensing element is:
    1. Liquid expansion
    2. bimetallic
    3. fusible alloy
    4. all of the above
  4. Wiring which is installed to meet minimum requirements of the National Electrical Code is:
    1. adequate to meet future needs
    2. adequate for present needs
    3. always the most efficient wiring
    4. for all practical purposes safe & free from hazard
  5. Straight line depreciation is computed by:
    1. dividing the value of the asset by the years in the recovery period, and claiming the same deduction every year
    2. depreciating the asset only to the extent that it is paid for; so if you finance the asset, you can claim a write-off only to the extent that you pay the bank
    3. taking the expense as a straight line-item write- off in the year purchased
    4. writing off the asset only over 35 years
Answers: Click Here to show the answers.