CH 17 Business Practices

Question 1

process is voluntary & involves specialists in a particular field examining and endorsing the qualifications of a pro.

Accepted Answer

Board certification

Question 2

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

Accepted Answer

Balance sheet

Question 3

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

Accepted Answer

barter

Question 4

document describes a company’s organization, services and products, marketing strategy, and financial projections

Accepted Answer

Business plan

Question 5

Which term means dividing geographic areas into regions so a city can restrict the number and types of buildings within?

Accepted Answer

Zoning

Question 6

Which term means the recording and reporting of financial transactions?

Accepted Answer

Accounting

Question 7

Which term means a business’s net worth?

Accepted Answer

Equity

Question 8

Which business entity is between two or more individuals who join together to carry on a business venture for profit

Accepted Answer

General partnership

Question 9

written or spoken agreement that usually involves business relationships, and are intended to be legally binding

Accepted Answer

Contract

Question 10

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

Accepted Answer

38

Question 11

term means a massage therapist who works under a specific agreement & provides own equipment, and sets own fees

Accepted Answer

Independent contractor

Question 12

Which expense is a tax deduction?

Accepted Answer

Continuing education

Question 13

What is another term for professional liability insurance?

Accepted Answer

Malpractice insurance

Question 14

document is an account of an individual’s education, experience, accomplishments and organized in reverse chronological

Accepted Answer

Curriculum vitae

Question 15

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

Accepted Answer

Most are independent contractors

Question 16

Which example is a business asset?

Accepted Answer

Property and equipment

Question 17

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

Accepted Answer

Self-employment

Question 18

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

Accepted Answer

Advertising

Question 19

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

Accepted Answer

Mission statement

Question 20

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

Accepted Answer

Appendix

Question 21

Which type of marketing is the center of a business’s digital or online presence?

Accepted Answer

website

Question 22

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

Accepted Answer

A client giving a gift certificate to a friend

Question 23

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

Accepted Answer

Empathetic

Question 24

protects the public by enforcing standards that restrict practice to qualified individuals who have met qualifications

Accepted Answer

Professional license

Question 25

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

Accepted Answer

Organization and management

Question 26

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

Accepted Answer

Sequential

CH 17 Business Practices

Questions 26

CH 17 Business Practices

Questions 26