Business
Which aspect of business protects the public by enforcing standards that restrict practice to qualified individuals who have met specific qualifications?
What is Professional license
Which type of insurance protects service-providing professionals from bearing the full cost of defending against a negligence claim made by a client?
What is Professional liability
Business receipts, past income tax returns, and documents related to tax returns should be kept for a minimum of how many years?
What is Three
Which term means the exchange of goods or services without using money?
What is Barter
Which term means activities used to create, communicate, deliver, and exchange offerings that have value for customers and clients?
What is Marketing
If a massage practitioner works at a business that provides the setting and equipment, and determines what services the practitioner provides, what is the practitioner classified as?
What is an Employee
What is another term for professional liability insurance?
What is Malpractice insurance
Which type of tax is levied on small business owners who derive income directly from consumers?
What is Self-employment
Which term means the amount of money an individual makes after deducting allowable expenses and taxes?
What is Net income
Which term means using persuasive messages to influence consumer buying habits?
What is Advertising
Which term means a massage practitioner who works without supervision and provides own tools and equipment?
What is Independent contractor
Which type of insurance provides income when an individual is unable to work because of illness or injury?
What is Disability
Which term means the measuring, processing, and communicating financial and nonfinancial information?
What is Accounting
Which term refers to a single sentence of a business’s purpose?
What is Mission statement
What is the primary method clients use to locate massage practitioners?
What is Referrals from others
Which type of business is that of a single owner?
What is
Sole proprietorship
Which type of insurance protects businesses from bearing the full cost of defending against claims for damages resulting from negligence associated with property and day-to-day business operations?
What is Commercial general liability
Which term means economic resources to which an individual or business has a legal claim?
What is Assets
Which term means a written agreement that outline expectations, duties, and responsibilities in a business relationship?
What is Contract
Which document describes a company’s or individual’s organization, services and products, marketing strategy, and financial projections?
What is Business plan
Which business entity is granted a charter by the state and has its own privileges and liabilities distinct from those of its board of directors or its shareholders?
What is Corporation
Which term means dividing geographic areas into regions so a city can restrict the number and types of buildings within the region as well as how these buildings are used?
What is Zoning
What tax form needs to be filled for someone who is self-employed?
What is a Schedule C
Which term means a business’s net worth?
What is Equity
Which type of marketing is the center of a business’s digital or online presence?
What is Website