A straw purchase for firearms or ammo occurs when someone purchases a
firearm under which of the following conditions: - ANSWER When purchased
for someone other than the person whose name appears on the 4473.
A Federal Firearms License entitles a person to transfer firearms to which of the
following: - ANSWER Residents of their state who are not prohibited persons.
A person is said to be "engaging in business" and must obtain a Federal
Firearms License if they are doing which of the following: - ANSWER All
answers are correct
A person who cannot lawfully receive, possess, ship, or transport a firearm is
known as which of the following: - ANSWER Prohibited Person
-With sales to law enforcement officers, the most important thing to remember
is that this exemption only applies to which of the following: - ANSWER Duty
Weapons
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. - ANSWER false
T/F: Sometimes there is a gray area between what constitutes gunsmithing
versus manufacturing. If you are working on a firearm, preparing it for sale,
then generally speaking, you are gunsmithing. - ANSWER false
, T/F: The minimum age of a person who is not prohibited to purchase a rifle or
shotgun is 18 - ANSWER true
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. - ANSWER true
The one time costs a new business owner can expect to incur are called which
of the following: - ANSWER Start-Up Costs
When starting a business you need to check for Business Licenses, State
Licensing, Seller's Permit, and which of the following: - ANSWER Zoning
Permit
The common business insurance coverage needed includes Comprehensive
Liability Coverage, Fire and Interruption-of-Service Insurance, Burglary
Insurance, and which of the following: - ANSWER Worker's Compensation
Insurance
Once you decide on a name, register it with which of the following: -
ANSWER County Clerk's Office
Cash that comes in and out of a business is called which of the following: -
ANSWER Cash Flow
A commonly misunderstood business structure, which may be complicated and
expensive to set up, and has many reporting requirements, is which of the
following: - ANSWER Corporation
firearm under which of the following conditions: - ANSWER When purchased
for someone other than the person whose name appears on the 4473.
A Federal Firearms License entitles a person to transfer firearms to which of the
following: - ANSWER Residents of their state who are not prohibited persons.
A person is said to be "engaging in business" and must obtain a Federal
Firearms License if they are doing which of the following: - ANSWER All
answers are correct
A person who cannot lawfully receive, possess, ship, or transport a firearm is
known as which of the following: - ANSWER Prohibited Person
-With sales to law enforcement officers, the most important thing to remember
is that this exemption only applies to which of the following: - ANSWER Duty
Weapons
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. - ANSWER false
T/F: Sometimes there is a gray area between what constitutes gunsmithing
versus manufacturing. If you are working on a firearm, preparing it for sale,
then generally speaking, you are gunsmithing. - ANSWER false
, T/F: The minimum age of a person who is not prohibited to purchase a rifle or
shotgun is 18 - ANSWER true
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. - ANSWER true
The one time costs a new business owner can expect to incur are called which
of the following: - ANSWER Start-Up Costs
When starting a business you need to check for Business Licenses, State
Licensing, Seller's Permit, and which of the following: - ANSWER Zoning
Permit
The common business insurance coverage needed includes Comprehensive
Liability Coverage, Fire and Interruption-of-Service Insurance, Burglary
Insurance, and which of the following: - ANSWER Worker's Compensation
Insurance
Once you decide on a name, register it with which of the following: -
ANSWER County Clerk's Office
Cash that comes in and out of a business is called which of the following: -
ANSWER Cash Flow
A commonly misunderstood business structure, which may be complicated and
expensive to set up, and has many reporting requirements, is which of the
following: - ANSWER Corporation
