Oregon Construction Contractors (CCB) Practice Test

Are small payments sometimes acceptable without using a check? True or False?

1. True

2. False

The correct answer is: True

The statement is true. In many construction-related scenarios, small payments can indeed be made without the necessity of using a check. This practice is often more straightforward for minor transactions where the costs are low, and the need for formal documentation isn't as crucial. Using alternative payment methods, such as cash or electronic transfers, can also expedite the transaction process when the amounts involved are minimal. However, even for small payments, it is still essential to maintain clear records for accounting and tax purposes. Proper documentation helps in tracking expenses and maintaining transparency, which is crucial in the construction industry for compliance and auditing reasons. For larger payments or more significant transactions, conventional methods such as checks are typically preferred due to the need for a paper trail and the increased amounts involved. However, flexibility with smaller transactions allows for efficiency in day-to-day operations.