SDI FFT 240 LATEST EXAMS TEST PAPER QUESTIONS
AND ANSWERS SURE A+
✔✔Spreadsheet program - ✔✔Which of the following allows a business owner to
change variables and apply them to the figures to show what would happen under
different circumstances:
✔✔Database magagement - ✔✔Which of the following is a fancy term for making lists,
as related to starting and managing a business:
✔✔Keep Track of money - ✔✔One reason to keep business records from the start of
your business is which of the following:
✔✔Balance sheet - ✔✔Which of the following discloses your business net worth by
summarizing your assets (cash on hand, accounts receivable, investments, and
property) and your liabilities (accounts payable and debts):
✔✔Accural - ✔✔There are two types of accounting methods: cash and which of the
following:
✔✔a. Accounts Receivable - ✔✔Every time you send out an invoice, or bill, to a
customer for payment, you need to record which of the following:
, ✔✔b. Expenses - ✔✔Disbursements include all money that goes out of your business
and is called which of the following:
✔✔a. Balance Sheet - ✔✔A statement of assets and liabilities is called which of the
following:
✔✔False - ✔✔T/F: Advertising and Promotion are both significant expenses that a
business will incur.
✔✔Today, almost all foreign firearms are shipped by air, and this accounts, in part, for
the high price of foreign firearms. - ✔✔True
✔✔According to the __________, it is illegal for anyone other than a licensed importer
to engage in the business of importing firearms or bringing into the United States or any
possession thereof any firearm or ammunition - ✔✔Gun Control Act
✔✔The final step in development of an advertising plan is which of the following: -
✔✔Formulate an Advertising Plan
✔✔What is the general rule for stocking firearms for a new business? - ✔✔Stock Those
Which Will Sell Fast
✔✔The phrase "Buying Your Stock" refers to which of the following: - ✔✔Merchandise
for the Gun Shop
✔✔What can make the difference between success and failure of a business? -
✔✔Service
✔✔T/F: In most areas, single-barrel, break-open shotguns move well, especially in .410
and 20 gauges. - ✔✔True
✔✔The first step in development of an advertising plan is Determine the identity or
image you want to create for your company or shop. The second step is which of the
following: - ✔✔Identify Your Market
✔✔What prevents price fixing for gun selling? - ✔✔Federal Regulations
✔✔ When purchased for someone else whether they are a prohibited person or not -
✔✔A straw purchase for firearms or ammo occurs when someone purchases a firearm
or ammo under which of the following conditions:
✔✔c. Prohibited Person - ✔✔Someone who cannot lawfully receive, possess, ship, or
transport a firearm is called which of the following:
AND ANSWERS SURE A+
✔✔Spreadsheet program - ✔✔Which of the following allows a business owner to
change variables and apply them to the figures to show what would happen under
different circumstances:
✔✔Database magagement - ✔✔Which of the following is a fancy term for making lists,
as related to starting and managing a business:
✔✔Keep Track of money - ✔✔One reason to keep business records from the start of
your business is which of the following:
✔✔Balance sheet - ✔✔Which of the following discloses your business net worth by
summarizing your assets (cash on hand, accounts receivable, investments, and
property) and your liabilities (accounts payable and debts):
✔✔Accural - ✔✔There are two types of accounting methods: cash and which of the
following:
✔✔a. Accounts Receivable - ✔✔Every time you send out an invoice, or bill, to a
customer for payment, you need to record which of the following:
, ✔✔b. Expenses - ✔✔Disbursements include all money that goes out of your business
and is called which of the following:
✔✔a. Balance Sheet - ✔✔A statement of assets and liabilities is called which of the
following:
✔✔False - ✔✔T/F: Advertising and Promotion are both significant expenses that a
business will incur.
✔✔Today, almost all foreign firearms are shipped by air, and this accounts, in part, for
the high price of foreign firearms. - ✔✔True
✔✔According to the __________, it is illegal for anyone other than a licensed importer
to engage in the business of importing firearms or bringing into the United States or any
possession thereof any firearm or ammunition - ✔✔Gun Control Act
✔✔The final step in development of an advertising plan is which of the following: -
✔✔Formulate an Advertising Plan
✔✔What is the general rule for stocking firearms for a new business? - ✔✔Stock Those
Which Will Sell Fast
✔✔The phrase "Buying Your Stock" refers to which of the following: - ✔✔Merchandise
for the Gun Shop
✔✔What can make the difference between success and failure of a business? -
✔✔Service
✔✔T/F: In most areas, single-barrel, break-open shotguns move well, especially in .410
and 20 gauges. - ✔✔True
✔✔The first step in development of an advertising plan is Determine the identity or
image you want to create for your company or shop. The second step is which of the
following: - ✔✔Identify Your Market
✔✔What prevents price fixing for gun selling? - ✔✔Federal Regulations
✔✔ When purchased for someone else whether they are a prohibited person or not -
✔✔A straw purchase for firearms or ammo occurs when someone purchases a firearm
or ammo under which of the following conditions:
✔✔c. Prohibited Person - ✔✔Someone who cannot lawfully receive, possess, ship, or
transport a firearm is called which of the following:
