Chapter 17 Test

Question 1

Which process is voluntary and involves peers in a particular field examining and endorsing the qualifications of a pro?

Accepted Answer

Board certification

Question 2

Which aspect of business protects public by enforcing standards that restrict practice to qualified individuals?

Accepted Answer

Professional license

Question 3

Which type of business is that of a single owner?

Accepted Answer

Sole proprietorship

Question 4

Which example is a business asset?

Accepted Answer

Property and equipment

Question 5

Which term means a business's net worth?

Accepted Answer

Equity

Question 6

Business receipts,past income tax returns,&documents related to tax return should be kept for a minimum of how many yrs?

Accepted Answer

Three

Question 7

Short professional profiles are how many words or less?

Accepted Answer

100

Question 8

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

Accepted Answer

Self-employment

Question 9

If a lmt works at a business that provides the setting&equipment,&determines what services are provided is clasified as?

Accepted Answer

Employee

Question 10

Which term means a massage practitioner who works without supervision and provides own tools and equipment?

Accepted Answer

Independent contractor

Question 11

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

Accepted Answer

Appendix

Question 12

What is the primary method clients use to locate massage practitioners?

Accepted Answer

Referrals from others

Question 13

What is another term for professional liability insurance?

Accepted Answer

Malpractice insurance

Question 14

Which term means the responsible and ethical use of technology?

Accepted Answer

Digital citizenship

Question 15

Which term means the measuring, processing, and communicating financial and nonfinancial information?

Accepted Answer

Accounting

Question 16

Which business entity is granted a charter by the state&has its own privileges & liabilities distinct from shareholders?

Accepted Answer

Corporation

Question 17

What is an experienced individual within a healthcare facility who is paired with a newly hired individual?

Accepted Answer

Preceptor

Question 18

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

Accepted Answer

Executive summary

Question 19

Which document is an in-depth overview of individual edu,experience,accomplishments&is in reverse chronological order?

Accepted Answer

Curriculum vitae

Question 20

Which expense is a tax deduction?

Accepted Answer

Continuing education

Question 21

Which term means a written agreement that outline expectations, duties, and responsibilities in a business relationship?

Accepted Answer

Contract

Question 22

Which term means activities used to create, communicate, deliver, & exchange offerings that have value for clients?

Accepted Answer

Marketing

Question 23

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

Accepted Answer

35

Question 24

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

Accepted Answer

Most are sole practitioners

Question 25

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

Accepted Answer

Disability

Question 26

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 27

Which type of marketing is usually the first opportunity a massage practitioner has to make a strong impression?

Accepted Answer

Business card

Question 28

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

Accepted Answer

Barter

Question 29

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

Accepted Answer

Gratuity

Question 30

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

Accepted Answer

Cash flow statement

Question 31

Which means dividing geographic areas into regions so city can restrict the number&types of buildings within the region?

Accepted Answer

Zoning

Question 32

Which insurance protects professional from bearing the full cost of defending against a negligence claim made by client?

Accepted Answer

Professional liability

Question 33

Which term means the amount of money an individual makes after deducting allowable expenses and taxes?

Accepted Answer

Net income

Question 34

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

Accepted Answer

Petty cash

Question 35

Which document describes a companys/individuals organization,services/products,marketing strategy&financial projections?

Accepted Answer

Business plan

Question 36

What do most employers look for in potential employees?

Accepted Answer

Strong work ethic

Question 37

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

Accepted Answer

Organization and management

Question 38

Which aspect of business involves adding up all costs&profits then dividing this amount by the number of billable hrs?

Accepted Answer

Hourly rate

Question 39

Which term means using persuasive messages to influence consumer buying habits?

Accepted Answer

Advertising

Question 40

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

Accepted Answer

Sequential

Question 41

Which term means a presentation of a business's assets, liabilities, and shareholder's equity on a specific date?

Accepted Answer

Balance sheet

Question 42

Which document is a statement that shows income and expenses and indicates whether a business made money or not?

Accepted Answer

Profit and loss statement

Question 43

Which term refers to a single sentence of a business's purpose?

Accepted Answer

Mission statement

Question 44

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

Accepted Answer

Incompetence

Question 45

Which term means a plan or suggestion put forward for consideration?

Accepted Answer

Proposal

Question 46

Which document is a summary of an individual education, experience, & accomplishments related to a particular skill set?

Accepted Answer

Resume

Question 47

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

Accepted Answer

A client giving a gift certificate to a friend

Question 48

Which term means economic resources to which an individual or business has a legal claim?

Accepted Answer

Assets

Question 49

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

Accepted Answer

Website

Question 50

Which type of insurance protects businesses from bearing the full cost of defending claims for damages to property?

Accepted Answer

Commercial general liability

Chapter 17 Test

Questions 50

Chapter 17 Test

Questions 50