Ch 17 Business

What is another term for professional liability insurance?

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

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

Business with a board of directors or its shareholders?

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

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

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

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

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

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

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

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

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

Which term means the recording and reporting of financial transactions?

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

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

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

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

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

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

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

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

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

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

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

Which term means the responsible and ethical use of technology?

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

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

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

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

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

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

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

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

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

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

Which term means a business’s net worth?

Which type of business is that of a single owner?

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

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