SDI FFT 240 COMPREHENSIVE EXAMS UPDATED
QUESTIONS AND ANSWERS SURE A+
✔✔Excellent - ✔✔A gun that is described as follows: "New condition, used very little, no
noticeable marring of wood or metal, bluing perfect (except at muzzle or sharp edges)" -
is which of the following condition standards:
✔✔Blue Book of Gun Values - ✔✔Anyone who buys, sells, trades, appraises, or repairs
guns should have Gun Trader's Guide, Antique Firearms: The Collector's Guide, and
which of the following:
✔✔The Amount the Buyer is Willing to Pay - ✔✔The true value of a firearm is
determined when the amount the seller will accept coincides with which of the following:
✔✔The Condition of the Firearm - ✔✔One of the most important factors in determining
the value of a firearm is which of the following:
✔✔Appraisals are Based on Photos - ✔✔Online appraisers are available for a fraction
of the cost but are not as accurate primarily because of which of the following:
✔✔Federal Regulations - ✔✔What prevents price fixing for gun selling?
, ✔✔True - ✔✔T/F: In most areas, single-barrel, break-open shotguns move well,
especially in .410 and 20 gauges.
✔✔Formulate an advertising plan - ✔✔The final step in development of an advertising
plan is which of the following:
✔✔Identify your market - ✔✔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:
✔✔Gun Control Act - ✔✔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
✔✔Merchandise for the Gun Shop - ✔✔The phrase "Buying Your Stock" refers to which
of the following:
✔✔The correct answers are: Stock Those Which Will Sell Fast, Stock Those Which Are
The Most Valuable - ✔✔What is the general rule for stocking firearms for a new
business?
✔✔True'. - ✔✔T/F: Today, almost all foreign firearms are shipped by air, and this
accounts, in part, for the high price of foreign firearms.
✔✔Service - ✔✔What can make the difference between success and failure of a
business?
✔✔20% - ✔✔What is the minimum percentage of profit from sales a business owner
should plan to make from each sale?
✔✔Garage and Outbuilding - ✔✔A person with a Federal Firearms License may
operate out of a regular place of business, home, and which of the following:
✔✔ Residents of their state who are not prohibited persons. - ✔✔A Federal Firearms
License entitles a person to buy and sell, at wholesale or retail, firearms and
ammunition to which of the following:
✔✔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:
✔✔'False'. - ✔✔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.
QUESTIONS AND ANSWERS SURE A+
✔✔Excellent - ✔✔A gun that is described as follows: "New condition, used very little, no
noticeable marring of wood or metal, bluing perfect (except at muzzle or sharp edges)" -
is which of the following condition standards:
✔✔Blue Book of Gun Values - ✔✔Anyone who buys, sells, trades, appraises, or repairs
guns should have Gun Trader's Guide, Antique Firearms: The Collector's Guide, and
which of the following:
✔✔The Amount the Buyer is Willing to Pay - ✔✔The true value of a firearm is
determined when the amount the seller will accept coincides with which of the following:
✔✔The Condition of the Firearm - ✔✔One of the most important factors in determining
the value of a firearm is which of the following:
✔✔Appraisals are Based on Photos - ✔✔Online appraisers are available for a fraction
of the cost but are not as accurate primarily because of which of the following:
✔✔Federal Regulations - ✔✔What prevents price fixing for gun selling?
, ✔✔True - ✔✔T/F: In most areas, single-barrel, break-open shotguns move well,
especially in .410 and 20 gauges.
✔✔Formulate an advertising plan - ✔✔The final step in development of an advertising
plan is which of the following:
✔✔Identify your market - ✔✔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:
✔✔Gun Control Act - ✔✔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
✔✔Merchandise for the Gun Shop - ✔✔The phrase "Buying Your Stock" refers to which
of the following:
✔✔The correct answers are: Stock Those Which Will Sell Fast, Stock Those Which Are
The Most Valuable - ✔✔What is the general rule for stocking firearms for a new
business?
✔✔True'. - ✔✔T/F: Today, almost all foreign firearms are shipped by air, and this
accounts, in part, for the high price of foreign firearms.
✔✔Service - ✔✔What can make the difference between success and failure of a
business?
✔✔20% - ✔✔What is the minimum percentage of profit from sales a business owner
should plan to make from each sale?
✔✔Garage and Outbuilding - ✔✔A person with a Federal Firearms License may
operate out of a regular place of business, home, and which of the following:
✔✔ Residents of their state who are not prohibited persons. - ✔✔A Federal Firearms
License entitles a person to buy and sell, at wholesale or retail, firearms and
ammunition to which of the following:
✔✔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:
✔✔'False'. - ✔✔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.
