Ch 17 Business

Question 1

Which type of business is that of a single owner?

Accepted Answer

Sole proprietorship

Question 2

Protects the public by enforcing standards restricting practice to qualified those who have met specific qualifications?

Accepted Answer

Professional license

Question 3

Written or spoken agreement that involves business relationships, intended to be legally binding and enforceable by law?

Accepted Answer

Contract

Question 4

In-depth account of an one's education, experience, accomplishments, and is organized in reverse chronological order?

Accepted Answer

Curriculum vitae

Question 5

What is another term for professional liability insurance?

Accepted Answer

Malpractice insurance

Question 6

Which term means the exchange of goods or services without using money?

Accepted Answer

Barter

Question 7

Which type of marketing is considered word-of-mouth?

Accepted Answer

A client giving a gift certificate to a friend

Question 8

Business receipts, past income tax returns, and documents related to tax returns should be kept for a min. of how long?

Accepted Answer

Three

Question 9

Dividing geographic areas into regions so a city can restrict the number and types of buildings within the region.

Accepted Answer

Zoning

Question 10

In which part of the business plan is the company’s legal structure discussed?

Accepted Answer

Organization and management

Question 11

Activities used to create, communicate, deliver, and exchange offerings that have value for customers and clients?

Accepted Answer

Marketing

Question 12

Which term means a business’s net worth?

Accepted Answer

Equity

Question 13

Which term means an attempt to influence buying behaviors by persuasive selling messages?

Accepted Answer

Advertising

Question 14

Voluntary and involves specialists in a particular field examining and endorsing the qualifications of a professional?

Accepted Answer

Board certification

Question 15

Which reason is the major cause of business failures in general?

Accepted Answer

Incompetence

Question 16

Aspect of business involves adding up all costs and profits then dividing this amount by the number of billable hours?

Accepted Answer

Hourly rate

Question 17

Two or more individuals who form a business for profit, & have unlimited personal liability for the business’s debts?

Accepted Answer

General partnership

Question 18

When a company provides the setting, equipment, and schedule, the therapist is a what?

Accepted Answer

Employee

Question 19

Which statement describes most massage therapists according to the American Massage Therapy Association?

Accepted Answer

Most are independent contractors

Question 20

In which part of the business plan is the mission statement?

Accepted Answer

Executive summary

Question 21

Which term refers to a small amount of money that a business keeps on hand to pay for minor business expenses?

Accepted Answer

Petty cash

Question 22

What type of conflict management involves listening in a respectful manner, being specific, and asking for the solution?

Accepted Answer

Empathetic

Question 23

Which type of tax is levied on small business owners who derive income directly from consumers?

Accepted Answer

Self-employment

Question 24

Which type of insurance provides income when an individual is unable to work because of illness or injury?

Accepted Answer

Disability

Question 25

In which part of the business plan are credit histories, resumes, and copies of licenses and certifications?

Accepted Answer

Appendix

Question 26

Which term means a small gift, such as money, given to a person who provided a service?

Accepted Answer

Gratuity

Question 27

Describe a company’s or individual’s organization, services and products, marketing strategy, and financial projections?

Accepted Answer

Business plan

Question 28

Business with a board of directors or its shareholders?

Accepted Answer

Corporation

Question 29

What is the primary method massage therapists use to promote themselves?

Accepted Answer

Client referral

Question 30

Contracted and provides own tools and equipment, and sets the fee for services?

Accepted Answer

Independent contractor

Question 31

Which term means the recording and reporting of financial transactions?

Accepted Answer

Accounting

Question 32

Insurance protects service-providing professionals from the full cost of defending against a negligence claim?

Accepted Answer

Professional liability

Question 33

Which document reports movement of money into and out of a business during a period of time?

Accepted Answer

Cash flow statement

Question 34

Which term means the responsible and ethical use of technology?

Accepted Answer

Digital citizenship

Question 35

What term is a presentation of a business entity’s assets, liabilities, and equities of its owners on a specific date?

Accepted Answer

Balance sheet

Question 36

Which type of interview involves being questioned by different individuals within a company?

Accepted Answer

Sequential

Question 37

Which term means economic resources that are expected to be of benefit in the future?

Accepted Answer

Assets

Question 38

What is the minimum number of hours per week an employee needs to work to be considered full-time?

Accepted Answer

38

Question 39

Experienced individual within a facility who is paired with a newly hired individual during his/her orientation period?

Accepted Answer

Preceptor

Question 40

Which term refers to a statement of why a business exists and its core objectives?

Accepted Answer

Mission statement

Ch 17 Business

Questions 40

Ch 17 Business

Questions 40