When purchased for a person other than yourself be they a prohibited person or
not - ANSWER A straw purchase for firearms or ammo involves the following
action when someone buys a firearm or ammo under which of the following
circumstances:
c. Prohibited Person - ANSWER Who does the term refer to that cannot
lawfully receive, possess, ship, or transport a firearm is known as:
b. The residents of their state who are not prohibited persons. - ANSWER A
Federal Firearms License entitles a person to buy and sell, at wholesale or retail,
firearms and ammunition to which of the following:
True - ANSWER T/F: A person may sell a firearm to an unlicensed resident of
his state, if he does not know or have reasonable cause to believe the person is
prohibited from receiving or possessing firearms under federal law.
False - ANSWER T/F: Sometimes there is a gray line between gunsmithing vs
manufacturing. If you are taking a firearm and altering it in some way to get it
ready to sell generally speaking you are gunsmithing.
a. Taking someone else's firearm in for repair for profit
**b. All of the above.**
, c. Reloading ammunition and selling it to the local range
d. Buying and selling guns for retail or wholesale - ANSWER A person is
considered to be "engaging in business" and must obtain a Federal Firearms
License if they are doing which of the following:
False - ANSWER T/F: A Federal Firearms License covers operations only at
the location shown on the license, and not certain activities, such as gun shows
and similar activities.
b. Start-Up Costs - ANSWER The one time costs a new business owner can
expect to incur are called which of the following:
a. Worker's Compensation Insurance - ANSWER The typical business
insurance coverage needed includes Comprehensive Liability Coverage, Fire
and Interruption-of-Service Insurance, Burglary Insurance, and which of the
following:
c. Cash Flow - ANSWER Cash that comes in and out of a business is called
which of the following:
b. Zoning Permit - ANSWER When starting a business you need to check for
Business Licenses, State Licensing, Seller's Permit, and which of the following:
Partnership - ANSWER An association of two or more people who run a
business for profit is called which of the following:
Sole Proprietorship - ANSWER The simplest business entity is which of the
following:
not - ANSWER A straw purchase for firearms or ammo involves the following
action when someone buys a firearm or ammo under which of the following
circumstances:
c. Prohibited Person - ANSWER Who does the term refer to that cannot
lawfully receive, possess, ship, or transport a firearm is known as:
b. The residents of their state who are not prohibited persons. - ANSWER A
Federal Firearms License entitles a person to buy and sell, at wholesale or retail,
firearms and ammunition to which of the following:
True - ANSWER T/F: A person may sell a firearm to an unlicensed resident of
his state, if he does not know or have reasonable cause to believe the person is
prohibited from receiving or possessing firearms under federal law.
False - ANSWER T/F: Sometimes there is a gray line between gunsmithing vs
manufacturing. If you are taking a firearm and altering it in some way to get it
ready to sell generally speaking you are gunsmithing.
a. Taking someone else's firearm in for repair for profit
**b. All of the above.**
, c. Reloading ammunition and selling it to the local range
d. Buying and selling guns for retail or wholesale - ANSWER A person is
considered to be "engaging in business" and must obtain a Federal Firearms
License if they are doing which of the following:
False - ANSWER T/F: A Federal Firearms License covers operations only at
the location shown on the license, and not certain activities, such as gun shows
and similar activities.
b. Start-Up Costs - ANSWER The one time costs a new business owner can
expect to incur are called which of the following:
a. Worker's Compensation Insurance - ANSWER The typical business
insurance coverage needed includes Comprehensive Liability Coverage, Fire
and Interruption-of-Service Insurance, Burglary Insurance, and which of the
following:
c. Cash Flow - ANSWER Cash that comes in and out of a business is called
which of the following:
b. Zoning Permit - ANSWER When starting a business you need to check for
Business Licenses, State Licensing, Seller's Permit, and which of the following:
Partnership - ANSWER An association of two or more people who run a
business for profit is called which of the following:
Sole Proprietorship - ANSWER The simplest business entity is which of the
following:
