AZ Statutes and Rules Learning Mode latest update 2025-
2026//verified
1. which of the following materials is not likely to have contained
asbestos in the past?
A- paint
B- asphalt roofing
C- insulation
D- resilient floor coverings:
ANS paint pg 12-15
2. who is ultimately resopnsible for the people working under the
licensee?
A - owners
B - Qualifying party
C - corporate officers
D - all of the above: ANS owners
3. what will happen to the license if a sole proprietor dies?
A - it will automatically transfer to the spouse
B- it will remain in effect until the next renewal date
C- it will automatically be canceled
D- it will be suspended until the sole proprietorship finds a new owner
ANS it will automatically be canceled
book 1
pg 2-1
,4. which of the following is considered a form of business
organization?
A- e corporation
B- sole proprietorship
C- limited liability companies
D- concrete contractor: ANS sole proprietorship
book 1
pg 2-1
,5. which of the following is an advantage of the sole ownership
form of busi- ness?
A- greater financial resources
B- reduced operating risks
C- can be sold or altered at will
D- limited liability for debts: ANS can be sold or altered at will
book 1
pg 2-1
6. when uncertain about what type of entity is best for a company,
seek advice from:
A- registrar of contractors
B- depatment of real estate
C- insurance and.........dividion
D- legal counselor: ANS legal counselor
book 1
pg 2-1
7. which one of the following is the simplest form of business to set u
A- limited liability company
B- corporation
C- partnership
D- sole proprietorship: ANS sole proprietorship
Book 1
pg 2-1
, 8. an entity whose owner is liable for all debts
A- sub chapter s
B- limited liability company
2026//verified
1. which of the following materials is not likely to have contained
asbestos in the past?
A- paint
B- asphalt roofing
C- insulation
D- resilient floor coverings:
ANS paint pg 12-15
2. who is ultimately resopnsible for the people working under the
licensee?
A - owners
B - Qualifying party
C - corporate officers
D - all of the above: ANS owners
3. what will happen to the license if a sole proprietor dies?
A - it will automatically transfer to the spouse
B- it will remain in effect until the next renewal date
C- it will automatically be canceled
D- it will be suspended until the sole proprietorship finds a new owner
ANS it will automatically be canceled
book 1
pg 2-1
,4. which of the following is considered a form of business
organization?
A- e corporation
B- sole proprietorship
C- limited liability companies
D- concrete contractor: ANS sole proprietorship
book 1
pg 2-1
,5. which of the following is an advantage of the sole ownership
form of busi- ness?
A- greater financial resources
B- reduced operating risks
C- can be sold or altered at will
D- limited liability for debts: ANS can be sold or altered at will
book 1
pg 2-1
6. when uncertain about what type of entity is best for a company,
seek advice from:
A- registrar of contractors
B- depatment of real estate
C- insurance and.........dividion
D- legal counselor: ANS legal counselor
book 1
pg 2-1
7. which one of the following is the simplest form of business to set u
A- limited liability company
B- corporation
C- partnership
D- sole proprietorship: ANS sole proprietorship
Book 1
pg 2-1
, 8. an entity whose owner is liable for all debts
A- sub chapter s
B- limited liability company
