EstatePass
Business & FinanceBusiness Setupmedium11% of exam part

The Dania Beach startup wants owner-facing rules for this issue: deposit required before mobilization. Which startup document should capture the rule?

Correct Answer

B) advance-payment rule

Customer credit, deposit, and billing-term policies should be established before contracts are signed.

Answer Options
A
tool inventory business audit note
B
advance-payment rule
C
permit copy insurance evidence file
D
daily report banking setup log

Why This Is the Correct Answer

Customer credit, deposit, and billing-term policies should be established before contracts are signed.

Why the Other Options Are Wrong

Option A: tool inventory business audit note

tool inventory business audit note puts the item in the wrong financial bucket, timing, base, or comparison for customer policy setup.

Option C: permit copy insurance evidence file

permit copy insurance evidence file puts the item in the wrong financial bucket, timing, base, or comparison for customer policy setup.

Option D: daily report banking setup log

daily report banking setup log puts the item in the wrong financial bucket, timing, base, or comparison for customer policy setup.

Memory Technique

An unlabeled Owner Writes dollar tells the wrong story.

Reference Hint

Open-book path: tab Contractor's Manual, 2025 to Customer credit, deposits, and billing-term setup; verify the startup duty, registration, or financial setup before answering.

Was this explanation helpful?

More Business & Finance Questions

People Also Study

Related Study Resources

Practice More Contractor Exam Questions

Access all practice questions with progress tracking and adaptive difficulty to pass your contractor license exam.

Start Practicing

Disclaimer: EstatePass is an independent exam preparation platform and is not affiliated with, endorsed by, or connected to any state contractor licensing board, the Construction Industry Licensing Board (CILB), the Department of Business and Professional Regulation (DBPR), NASCLA, Pearson VUE, PSI, or any government agency. Exam requirements, fees, and regulations change frequently. Always verify current requirements with your state's licensing board before making decisions. Information shown was last verified on the dates indicated and may not reflect the most recent changes.