AZ Statutes and Rules Newest Exam with ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
precise detailed solutions ||\\//|| ||\\//||
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 - correct answer✔✔paint
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
pg 12-15 ||\\//||
who is ultimately resopnsible for the people working under the licensee?
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
A - owners
||\\//|| ||\\//|| ||\\//||
B - Qualifying party
||\\//|| ||\\//|| ||\\//|| ||\\//||
C - corporate officers
||\\//|| ||\\//|| ||\\//|| ||\\//||
D - all of the above - correct answer✔✔owners
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
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 - correct
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
answer✔✔it will automatically be canceled ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
,book 1 ||\\//|| ||\\//||
pg 2-1
||\\//||
which of the following is considered a form of business organization?
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
A- e corporation
||\\//|| ||\\//|| ||\\//||
B- sole proprietorship
||\\//|| ||\\//|| ||\\//||
C- limited liability companies
||\\//|| ||\\//|| ||\\//|| ||\\//||
D- concrete contractor - correct answer✔✔sole proprietorship
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
book 1 ||\\//|| ||\\//||
pg 2-1
||\\//||
which of the following is an advantage of the sole ownership form of business?
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
A- greater financial resources
||\\//|| ||\\//|| ||\\//|| ||\\//||
B- reduced operating risks
||\\//|| ||\\//|| ||\\//|| ||\\//||
C- can be sold or altered at will
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
D- limited liability for debts - correct answer✔✔can be sold or altered at will
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
book 1 ||\\//|| ||\\//||
pg 2-1
||\\//||
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 - correct answer✔✔legal counselor
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
book 1 ||\\//|| ||\\//||
pg 2-1
||\\//||
which one of the following is the simplest form of business to set up
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
A- limited liability company
||\\//|| ||\\//|| ||\\//|| ||\\//||
B- corporation
||\\//|| ||\\//||
C- partnership
||\\//|| ||\\//||
D- sole proprietorship - correct answer✔✔sole proprietorship
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Book 1 ||\\//|| ||\\//||
pg 2-1
||\\//||
an entity whose owner is liable for all debts
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
A- sub chapter s
||\\//|| ||\\//|| ||\\//|| ||\\//||
B- limited liability company
||\\//|| ||\\//|| ||\\//|| ||\\//||
C- sole propietorship
||\\//|| ||\\//|| ||\\//||
D- limited partnership - correct answer✔✔sole proprietorship
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
book 1 ||\\//|| ||\\//||
, pg 2-1
||\\//||
what is the advantage of being a sole proprietor ?
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
A- unlimited personal liability
||\\//|| ||\\//|| ||\\//|| ||\\//||
B- owner makes all the dicisions
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
C- business can be sold at any time
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
D- less available capital - correct answer✔✔owner makes all the decisions
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
book 1 ||\\//|| ||\\//||
pg 2-1
||\\//||
what business type pays the owner as individual income ?
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
A- corporation
||\\//|| ||\\//||
B- LLC
||\\//||
C- partnership
||\\//|| ||\\//||
D- sole proprietorship - correct answer✔✔sole proprietorship
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
book 1 ||\\//|| ||\\//||
pg 2-1
||\\//||
which of the following is not a licensee ? ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
A- a sole proprietor
||\\//|| ||\\//|| ||\\//|| ||\\//||
B- a 2 person partnership
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
precise detailed solutions ||\\//|| ||\\//||
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 - correct answer✔✔paint
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
pg 12-15 ||\\//||
who is ultimately resopnsible for the people working under the licensee?
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
A - owners
||\\//|| ||\\//|| ||\\//||
B - Qualifying party
||\\//|| ||\\//|| ||\\//|| ||\\//||
C - corporate officers
||\\//|| ||\\//|| ||\\//|| ||\\//||
D - all of the above - correct answer✔✔owners
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
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 - correct
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
answer✔✔it will automatically be canceled ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
,book 1 ||\\//|| ||\\//||
pg 2-1
||\\//||
which of the following is considered a form of business organization?
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
A- e corporation
||\\//|| ||\\//|| ||\\//||
B- sole proprietorship
||\\//|| ||\\//|| ||\\//||
C- limited liability companies
||\\//|| ||\\//|| ||\\//|| ||\\//||
D- concrete contractor - correct answer✔✔sole proprietorship
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
book 1 ||\\//|| ||\\//||
pg 2-1
||\\//||
which of the following is an advantage of the sole ownership form of business?
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
A- greater financial resources
||\\//|| ||\\//|| ||\\//|| ||\\//||
B- reduced operating risks
||\\//|| ||\\//|| ||\\//|| ||\\//||
C- can be sold or altered at will
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
D- limited liability for debts - correct answer✔✔can be sold or altered at will
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
book 1 ||\\//|| ||\\//||
pg 2-1
||\\//||
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 - correct answer✔✔legal counselor
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
book 1 ||\\//|| ||\\//||
pg 2-1
||\\//||
which one of the following is the simplest form of business to set up
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
A- limited liability company
||\\//|| ||\\//|| ||\\//|| ||\\//||
B- corporation
||\\//|| ||\\//||
C- partnership
||\\//|| ||\\//||
D- sole proprietorship - correct answer✔✔sole proprietorship
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Book 1 ||\\//|| ||\\//||
pg 2-1
||\\//||
an entity whose owner is liable for all debts
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
A- sub chapter s
||\\//|| ||\\//|| ||\\//|| ||\\//||
B- limited liability company
||\\//|| ||\\//|| ||\\//|| ||\\//||
C- sole propietorship
||\\//|| ||\\//|| ||\\//||
D- limited partnership - correct answer✔✔sole proprietorship
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
book 1 ||\\//|| ||\\//||
, pg 2-1
||\\//||
what is the advantage of being a sole proprietor ?
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
A- unlimited personal liability
||\\//|| ||\\//|| ||\\//|| ||\\//||
B- owner makes all the dicisions
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
C- business can be sold at any time
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
D- less available capital - correct answer✔✔owner makes all the decisions
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
book 1 ||\\//|| ||\\//||
pg 2-1
||\\//||
what business type pays the owner as individual income ?
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
A- corporation
||\\//|| ||\\//||
B- LLC
||\\//||
C- partnership
||\\//|| ||\\//||
D- sole proprietorship - correct answer✔✔sole proprietorship
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
book 1 ||\\//|| ||\\//||
pg 2-1
||\\//||
which of the following is not a licensee ? ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
A- a sole proprietor
||\\//|| ||\\//|| ||\\//|| ||\\//||
B- a 2 person partnership
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
