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GMS-BusinessTestRevi
GMS-BusinessTestReview
| Question | Answer |
|---|---|
| What is the art of interpreting, measuring and describing economic activity? | Accounting |
| What type of business entity involves a single owner? | Sole-Proprietorship |
| What is a written idea that is put forward for consideration, discussion or adoption? | Proposal |
| In order to sell any product to a client, the business may have to obtain a _____________. | sales tax permit |
| What are some signs of professional burnout? | disinterest in job,dread next client, bored, fatigue, late, absent, lack of productivity, hate job/associates, depressed, lack of social/professional boundries |
| The statement of purpose which defines the type of business and objectives is a________ statement. | Mission |
| This statement embraces the desires for the business, excites and energizes you. | Vision Statement |
| What type of liability assists with the cost of a lawsuit when a therapist is sued for negligence? | professional liability |
| What is an autobiographical sketch that documents achievements, occupational, avocational, and academic | Resume'/Curriculum Vitae |
| What is the amount of money earned BEFORE taxes? | Gross Income |
| What type of insurance covers the cost of business property? | Business Property Insurance |
| What is the longest a client should be placed on hold? | 30 seconds |
| When should you write case notes for a clients session? | Immediately after session |
| If a telephone conversation is considered the second contact btw therapist and client, what would first? | Promotional advertisement |
| You should arrive _______ minutes to the location of a massage. | 60 |
| A _____________ is assigned to a business if they have employees or if the biz is incorporated. | Federal Tax ID # |
| What is a written voluntary agreement btw 2 or more parties that includes expectations, duties and responsibities? | Contract |
| A power differential exists between ______Who? | Client/Therapist Employer/Employee Parent/Child |
| Possible reasons for "Burnout". | Not setting limits/maintaining limits |
| To prevent professional "Burnout". | Nurture yourself, eat right, rest, exercise |
| What structures exist in a Partnership? | Flow thru taxation, Ea files indiv tax rtn 1040, accts for income&losses on Form 1065 |
| Moving goods & services fr provider to consumer. promote biz thru image, purpose, direction. | marketing |
| Making a business noticeable to public thru purchase of print space & broadcasting is? | advertising |
| Define Publicity. | Free Media Exposure |
| What is an Asset to a biz? | things that offer value. eg. cash on hand, machines equipment, vehicle, property. |
| What is a Liability? | What the business owes, both current & Long term |
| What is a Reduction in assests,expense accts and increase liability? | credit |
| What is the increase assets & expense accts; reduce liability eg check? | debit |
| What is a Profit & Loss statement? | Statement of income that outlines revenus and expenses over a fixed period. |
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Gina Massage
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