Business Law and Safety Flashcards
7 cards from real Licensed Electrical Contractor practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Business Law and Safety flashcards as text
Under OSHA's lockout/tagout (LOTO) standard 29 CFR 1910.147, which employee is authorized to remove a lockout device?
Answer: Only the employee who applied the lock
OSHA requires that only the employee who applied the lockout device may remove it, except under specific procedures when that employee is unavailable.
A licensed electrical contractor operating as a sole proprietor is personally liable for business debts. Which business structure would best protect personal assets?
Answer: Limited Liability Company (LLC)
An LLC separates personal assets from business liabilities, shielding the owner's personal property from business debts and lawsuits.
Which NEC article primarily governs the installation of services and service entrance equipment?
Answer: Article 230
NEC Article 230 covers services, including service conductors, service equipment, and related installation requirements.
A contractor's employee is injured on a job site. Workers' compensation insurance primarily covers which of the following?
Answer: Employee medical expenses and lost wages
Workers' compensation insurance covers medical treatment and a portion of lost wages for employees injured on the job, regardless of fault.
Under the Fair Labor Standards Act (FLSA), non-exempt employees who work more than 40 hours in a workweek must be paid at least:
Answer: 1.5 times their regular rate of pay
The FLSA mandates that non-exempt employees receive overtime pay at 1.5 times their regular rate for all hours worked beyond 40 in a workweek.
When must a contractor obtain a permit before starting electrical work?
Answer: As required by the local Authority Having Jurisdiction (AHJ)
Permit requirements are established by the local AHJ and vary by jurisdiction; contractors must comply with local ordinances governing when permits are required.
Which form of contract dispute resolution is typically binding and conducted outside of court by a neutral third party?
Answer: Arbitration
Arbitration is a binding dispute resolution process where a neutral arbitrator hears both sides and issues a final, enforceable decision.