Business And Law Test California Cslb Study Guide Questions And Correct Answers

If an employee quits, wages are due within ___ hours. {Ans: 72}At the end of each month, data is posted from the bookkeeping journals to the: {Ans: At the end of each month data should be posted from the bookkeeping journal to the general ledger.}During a declared state of emergency how much may a contractor increase his/her prices? {Ans: MAYBE NOT CHECK 15% above the prices just prior to the declared state of emergency}An income statement shows: {Ans: Bonuses, Wages, Overtime NOT Severance Pay}Payment Bond {Ans: A contract bond guaranteeing that the project will be free of liens.}Contractor's Bond amount {Ans: $15,000}A client wants the house painted and carpet installed. What license classification(s) is/are required for this work? {Ans: Painting and decorating C-33 and floor covering C-15.}Penalty for deliberate fraudulent use of contractor's license {Ans: Up to $10,000 and/or one year jail}The CSLB has established a mandatory arbitration program of verified companies in which the damage is: {Ans: $12,500 or less.}Star Construction moved to a new office but never filed a change-of-address form with the Registrar. Consequently, Star never received a renewal application. If Star fails to renew its license within