ASU ACC232 Financial Accounting Practice Exam

Who may serve as a qualifying party for an Arizona contractor license?

Only an outside consultant Only a corporate officer who owns 100% of the company An owner or a regularly employed person who meets the qualification requirements Any subcontractor on the company's largest project

Correct Answer:

An owner or a regularly employed person who meets the qualification requirements

Explanation:

Arizona law allows a qualifying party to be an owner or a regularly employed person who possesses the required experience, knowledge, and skills for the classification.

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