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Multiple Choice Quiz
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1
What is a massage therapist that operates as an independent contractor and owns their business called?
A)Employee
B)Sole Proprietor
C)General Partnership
D)Corporation
2
What form must be filed for tax purposes if you are a partner in a business?
A)DBA
B)Schedule SE
C)Schedule K-1 (form 1065)
D)Schedule C
3
What type of partnership is formed when the owners are taxed as a partnership while their liability is limited as in a corporation?
A)Limited Liability Corporation
B)General Partnership
C)Limited Partnership
D)Professional Corp
4
What is the fee for trade marking your business name?
A)$295.00
B)$32.50
C)$315.00
D)$325.00
5
When might a state require a DBA (Doing Business As) license?
A)When your name and the business name are the same
B)When the business name differs from your own
C)If the name is not currently in use
D)If the name has not been used within the past year
6
What is the map you need for setting up your massage business called?
A)Simple linear Model
B)Communication Model
C)Business Plan
D)Atlas
7
What should the first page of your Business Plan be?
A)Marketing Page
B)Goals Page
C)Description Page
D)Title Page
8
What page of the Business Plan describes your projected outcomes and reasons for believing the business will succeed?
A)Description Page
B)Goals Page
C)Marketing Page
D)Financial Analysis
9
What does "QSC" stand for is QSC Value?
A)Quality, Service and Cleanliness
B)Quality, Sales and Cleanliness
C)Quality, Service and Compassion
D)Quality, Sales and Clients
10
The range for start-up costs for your business is estimated in what range?
A)$500-$900
B)$1000
C)$2100-$7100
D)$1000-$1500
11
What is a "no compete" clause?
A)Prohibits massage therapists from participating in sporting events
B)Ensures that in a rented facility you will be the only therapist in the complex
C)Allows you to set your own fee schedule
D)Prohibits you from hiring additional therapists for your practice
12
Which of the following is not an essential element of brochure?
A)Nature of the services being offered
B)Description of all the services being offered
C)Client fees and relevant times associated with each modality
D)A detailed history of your massage experience
13
How long does the Business Network International require that you be in business before you can be accepted into a chapter?
A)1 year
B)2 years
C)3 years
D)There is no requirement
14
Where does "manifestation" begin?
A)The Mind and Solar Plexus
B)The Heart and Soul
C)The Mind alone
D)The Solar Plexus and the Heart
15
What page of your business plan describes your income potential and current financial status?
A)Goals Page
B)Description Page
C)Financial Analysis Page
D)Marketing Page





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