EstatePass
Business & FinanceAdminmedium26% of exam part

The Holly Hill customer account triggers this collection issue: private owner has two unpaid invoices. Which administrative record should be created?

Correct Answer

A) collection escalation record

Collection controls should document holds, escalation, and follow-up when customer credit risk appears.

Answer Options
A
collection escalation record
B
tool repair request
C
fuel tax schedule
D
submittal sample log

Why This Is the Correct Answer

Collection controls should document holds, escalation, and follow-up when customer credit risk appears.

Why the Other Options Are Wrong

Option B: tool repair request

tool repair request puts the item in the wrong financial bucket, timing, base, or comparison for collection administration.

Option C: fuel tax schedule

fuel tax schedule puts the item in the wrong financial bucket, timing, base, or comparison for collection administration.

Option D: submittal sample log

submittal sample log puts the item in the wrong financial bucket, timing, base, or comparison for collection administration.

Memory Technique

An unlabeled Office Manager dollar tells the wrong story.

Reference Hint

Open-book path: tab Contractor's Manual, 2025 to Business Administration, Customer Credit and Collections; use the stated business record or control rule to verify the answer.

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.