EstatePass
Business & FinanceAdminmedium26% of exam part

The Cedar Key subcontract closeout file requires 44 final releases, and 31 have been received. How many releases are missing?

Correct Answer

C) 13 releases

Missing releases equal required releases less received releases.

Answer Options
A
44 releases
B
31 releases
C
13 releases
D
75 releases

Why This Is the Correct Answer

Missing releases equal required releases less received releases.

Why the Other Options Are Wrong

Option A: 44 releases

44 releases is above the supported result for release tracking; it likely adds an unsupported amount or compares the wrong financial base.

Option B: 31 releases

31 releases is above the supported result for release tracking; it likely adds an unsupported amount or compares the wrong financial base.

Option D: 75 releases

75 releases is above the supported result for release tracking; it likely adds an unsupported amount or compares the wrong financial base.

Memory Technique

Release Tracking drawer for Administrator Checks: label missing before counting dollars.

Reference Hint

Open-book path: tab Contractor's Manual, 2025 to Business Administration, Subcontract Closeout Records; 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.