Staying on the Right Side: Test Your Small Business Regulatory Compliance Knowledge

Small Business Regulatory and Compliance Issues / Business License, Quiz
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Regulatory Compliance

Welcome to the Regulatory Compliance for Small Business Quiz!

This quiz will test your knowledge about licensing requirements for a small business. Are you ready to put your knowledge to the test?

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1. What is the main purpose of licensing?

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2. What is an example of a business that may NOT require a specialized license?

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3. What is the consequence of operating a business without a license?

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4. Which of the following businesses would require a business/operating license?

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5. What does a business/operating license regulate?

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6. Which of the following businesses would require an occupational license?

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7. What does an occupational license regulate?

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8. What is the primary purpose of a sales tax license?

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9. What is NOT a sales tax jurisdiction?

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10. Which of the following is true regarding renewing a business/operating license?

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11. Which of the following is an example of a business that may require employees to have a background check?

Your score is

The average score is 86%

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