EstatePass
Business & FinanceBusiness Setupmedium11% of exam part

The South Daytona startup needs this trade-partner setup: trade partner prequalification needed. Which establishment record should be opened?

Correct Answer

B) qualification review file

Trade-partner setup should capture tax, insurance, and prequalification records before routine purchasing or subcontracting.

Answer Options
A
NOC filing ownership review memo
B
qualification review file
C
bank deposit office launch checklist
D
owner final affidavit bonding support file

Why This Is the Correct Answer

Trade-partner setup should capture tax, insurance, and prequalification records before routine purchasing or subcontracting.

Why the Other Options Are Wrong

Option A: NOC filing ownership review memo

NOC filing ownership review memo puts the item in the wrong financial bucket, timing, base, or comparison for trade partner setup.

Option C: bank deposit office launch checklist

bank deposit office launch checklist puts the item in the wrong financial bucket, timing, base, or comparison for trade partner setup.

Option D: owner final affidavit bonding support file

owner final affidavit bonding support file puts the item in the wrong financial bucket, timing, base, or comparison for trade partner setup.

Memory Technique

An unlabeled Purchasing Manager dollar tells the wrong story.

Reference Hint

Open-book path: tab Contractor's Manual, 2025 to Vendor and subcontractor setup at business launch; verify the startup duty, registration, or financial setup before answering.

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