TFM01 EXAM 2 2026 TRADE AND FINANCIAL
MANAGEMENT ASSESSMENT QUESTIONS
SOLUTIONS GRADED A+
◉ Renewal of a firm registration certificate fee is.
Answer: not to exceed $ 300 annually
◉ The initial branch office registration certificate fee is.
Answer: not to exceed $ 100
◉ The renewal of a branch office registration certificate fee is.
Answer: not to exceed $ 100
◉ The initial registration certificate to perform hydrostatic testing of
fire extinguishers fee is.
Answer: not to exceed $ 250
◉ The renewal of a registration certificate to perform hydrostatic
testing of fire extinguishers.
Answer: not to exceed $ 150 annually
◉ An initial employee license fee is.
,Answer: not to exceed $ 70
◉ The annual renewal of an employee license fee is.
Answer: not to exceed $ 50
◉ An apprentice permit fee is.
Answer: not to exceed $ 30
◉ The commissioner shall set a fee in an amount ____ (1) a duplicate
registration certificate, license, or apprentice permit issued under
this chapter; or (2) any request requiring changes to a registration
certificate, license, or permit..
Answer: not to exceed $ 20
◉ On a change of ownership of a registered firm, the department
shall issue a new registration certificate with a new number for a fee
set by the commissioner in an amount.
Answer: not to exceed $ 450
◉ On a change of ownership of a branch office, the commissioner
shall charge a fee in an amount.
Answer: not to exceed $ 100
, ◉ Unless the firm holds a registration certificate issued by the
department, a firm may not engage in the business of.
Answer: 1) installing or servicing portable fire extinguishers; or, (2)
planning, certifying, installing, or servicing fixed fire extinguisher
systems.
◉ Hydrostatic testing of fire extinguishers that is not performed
under the__________ must be performed in the manner
recommended__________________..
Answer: -specifications of the United States Department of
Transportation
-by the National Fire Protection Association.
◉ the limits of insurance coverage required by Subsection (a) must
be at least: __________ combined single limits for bodily injury and
property damage for each occurrence.
Answer: $100,000 in coverage
◉ the limits of insurance coverage required by Subsection (a) must
be at least: ___________ aggregate for all occurrences for each policy
year..
Answer: $300,000 in coverage
MANAGEMENT ASSESSMENT QUESTIONS
SOLUTIONS GRADED A+
◉ Renewal of a firm registration certificate fee is.
Answer: not to exceed $ 300 annually
◉ The initial branch office registration certificate fee is.
Answer: not to exceed $ 100
◉ The renewal of a branch office registration certificate fee is.
Answer: not to exceed $ 100
◉ The initial registration certificate to perform hydrostatic testing of
fire extinguishers fee is.
Answer: not to exceed $ 250
◉ The renewal of a registration certificate to perform hydrostatic
testing of fire extinguishers.
Answer: not to exceed $ 150 annually
◉ An initial employee license fee is.
,Answer: not to exceed $ 70
◉ The annual renewal of an employee license fee is.
Answer: not to exceed $ 50
◉ An apprentice permit fee is.
Answer: not to exceed $ 30
◉ The commissioner shall set a fee in an amount ____ (1) a duplicate
registration certificate, license, or apprentice permit issued under
this chapter; or (2) any request requiring changes to a registration
certificate, license, or permit..
Answer: not to exceed $ 20
◉ On a change of ownership of a registered firm, the department
shall issue a new registration certificate with a new number for a fee
set by the commissioner in an amount.
Answer: not to exceed $ 450
◉ On a change of ownership of a branch office, the commissioner
shall charge a fee in an amount.
Answer: not to exceed $ 100
, ◉ Unless the firm holds a registration certificate issued by the
department, a firm may not engage in the business of.
Answer: 1) installing or servicing portable fire extinguishers; or, (2)
planning, certifying, installing, or servicing fixed fire extinguisher
systems.
◉ Hydrostatic testing of fire extinguishers that is not performed
under the__________ must be performed in the manner
recommended__________________..
Answer: -specifications of the United States Department of
Transportation
-by the National Fire Protection Association.
◉ the limits of insurance coverage required by Subsection (a) must
be at least: __________ combined single limits for bodily injury and
property damage for each occurrence.
Answer: $100,000 in coverage
◉ the limits of insurance coverage required by Subsection (a) must
be at least: ___________ aggregate for all occurrences for each policy
year..
Answer: $300,000 in coverage
