Ch 17 Business

Question 1

Which document is a brief summary of an individual's ed, experience, & accomplishments related to a particular skill set

Accepted Answer

Resume

Question 2

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

Accepted Answer

Three years

Question 3

Which example is a business asset?

Accepted Answer

Property & equipment

Question 4

Which term means a business's net worth?

Accepted Answer

Equity

Question 5

Which term means a presentation of a business entity's assets, liabilities, & equities if its owners on a specific date?

Accepted Answer

Balance sheet

Question 6

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 7

Which document is in depth account of one's ed, experience & accomplishments organized in reverse chronological order?

Accepted Answer

Curriculum vitae

Question 8

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

Accepted Answer

A client giving a gift certificate to a frient

Question 9

Which biz entity is granted charter by state & has own privileges & liabilities from its BOD or shareholders?

Accepted Answer

Corporation

Question 10

Which process is voluntary & involves specialists in a field examining & endorsing the qualifications of a professional?

Accepted Answer

Board certification

Question 11

Which document describes a co's or individual's org, services & products, marketing strategy, & financial projections?

Accepted Answer

Business plan

Question 12

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

Accepted Answer

38

Question 13

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

Accepted Answer

Incompetence

Question 14

Which term means an idea or suggestion put forward for consideration?

Accepted Answer

Proposal

Question 15

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

Accepted Answer

Zoning

Question 16

Which expense is a tax deduction?

Accepted Answer

Continuing education

Question 17

Which type of business is that of a single owner?

Accepted Answer

Sole proprietorship

Question 18

If a MT works at a place that provides the setting & equipment & determines when & how long they work, what are they?

Accepted Answer

Employee

Question 19

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

Accepted Answer

Appendix

Question 20

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

Accepted Answer

Assets

Question 21

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

Accepted Answer

Sequential

Question 22

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

Accepted Answer

Empathetic

Question 23

Which business entity is 2 or more individuals, carry business venture for profit, unlimited pers liability for biz debt

Accepted Answer

General partnership

Question 24

Short professional profiles are how many words or less?

Accepted Answer

100

Question 25

What is another term for professional liability insurance?

Accepted Answer

Malpractice insurace

Question 26

Which term means to work under terms specified in a written or verbal agreement, provides own tools, equip & sets fees

Accepted Answer

Independent contractor

Question 27

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

Accepted Answer

Cash flow statement

Question 28

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

Accepted Answer

Self-employment

Question 29

insurance that protects biz from claims for damages that arise from pers injury & prop damage with clients on premises?

Accepted Answer

Commercial general liability

Question 30

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

Accepted Answer

Gratuity

Question 31

What do the majority of employers look for on resumes & curriculum vitae?

Accepted Answer

Leadership skills

Question 32

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

Accepted Answer

Disability

Question 33

Which statement describes most massage therapists according to the AMTA?

Accepted Answer

Most are independent contractors

Question 34

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

Accepted Answer

Executive summary

Question 35

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

Accepted Answer

Advertising

Question 36

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

Accepted Answer

Barter

Question 37

Which term means the recording & reporting of financial transactions?

Accepted Answer

Accounting

Question 38

Which type of insurance protects service-providing prof from bearing the full cost of a negligence claim by a client?

Accepted Answer

Processional liability

Question 39

What is the primary method MTs use to promote themselves?

Accepted Answer

Client referral

Question 40

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

Accepted Answer

Business card

Question 41

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

Accepted Answer

Organization & management

Question 42

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

Accepted Answer

Profit & loss statement

Question 43

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

Accepted Answer

Hourly rate

Question 44

Which term means the responsible & ethical use of technology?

Accepted Answer

Digital citizenship

Question 45

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

Accepted Answer

Website

Question 46

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

Accepted Answer

Marketing

Question 47

Which term means an experienced individual within a facility who is paired with a new hire during their orientation time

Accepted Answer

Preceptor

Question 48

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

Accepted Answer

Mission dtatement

Question 49

Which term means a written or spoken agreement that usually involves biz relations, & intended to by legal & enforceable

Accepted Answer

Contract

Question 50

Which aspect protects the public by enforcing standards that restrict practice to those who have met qualifications?

Accepted Answer

Professional license

Ch 17 Business

Questions 50

Ch 17 Business

Questions 50