The Clermont startup is organizing business records and notes this issue: startup files need a written retention rule. Which establishment control should be created?
Correct Answer
A) record-retention schedule
Business records should have a retention schedule, file index, and separate corporate record folder before routine work begins.
Why This Is the Correct Answer
Business records should have a retention schedule, file index, and separate corporate record folder before routine work begins.
Why the Other Options Are Wrong
Option B: draw request log license setup record
draw request log license setup record belongs to a different file or record trail; it does not prove the records retention setup event.
Option C: warranty punchlist business audit note
warranty punchlist business audit note belongs to a different file or record trail; it does not prove the records retention setup event.
Option D: equipment hour meter insurance evidence file
equipment hour meter insurance evidence file belongs to a different file or record trail; it does not prove the records retention setup event.
Memory Technique
A record works only when it proves the exact business event for Administrator Organizes.
Reference Hint
Open-book path: tab Contractor's Manual, 2025 to Business records setup; corporate and project file retention; verify the startup duty, registration, or financial setup before answering.
More Business & Finance Questions
The Cedar Key subcontract closeout file requires 44 final releases, and 31 have been received. How many releases are missing?
A Florida GC prepaid $18,000 for annual insurance and expenses it evenly by month. After 7 months have expired, what prepaid asset remains?
The West Miami system access list starts with 22 active users, adds 4, and removes 7. How many active users should remain?
The Winter Park bank review shows a bank balance of $124,600, book balance of $119,400, and known timing items of $3,200. What unexplained difference remains?
The Riverview bank review shows a bank balance of $87,500, book balance of $90,400, and known timing items of $1,600. What unexplained difference remains?
A Satellite Beach contractor had 4 separations during the quarter and an average headcount of 32. What turnover rate should HR report?
A Winter Park startup budgets monthly overhead of $61,500 and wants a 4-month operating reserve. What reserve should be funded?
A Royal Palm Beach customer account has unpaid approved invoices of $126,000. Company policy requires review when unpaid invoices exceed $100,000. What status applies?
A Wildwood contractor had 9 separations during the quarter and an average headcount of 60. What turnover rate should HR report?
A Clermont field group had 64 absence hours out of 1280 scheduled hours. What absence rate should be reported?
People Also Study
Related Study Resources
Previous Question
A new Sarasota contractor is choosing a business form. The file notes: two owners want limited liability and pass-through taxation. Which startup review is most relevant?
Next Question
The Stuart office finds this control weakness: the one employee receives checks and posts receipts. Which administrative correction best reduces risk?