Chapter 21 & 22 Study Questions
.docx
keyboard_arrow_up
School
University of South Carolina *
*We aren’t endorsed by this school
Course
155
Subject
Business
Date
Apr 3, 2024
Type
docx
Pages
2
Uploaded by PrivateCobra4061
Chapter Review Chapter 21 & 22: Business Basics & Legal Issues (1-8 True/False)
***
Type your answers in RED under each numbered question. Save the Word document and then upload to Bb.
1.
In a sole proprietorship, one person owns the business. True 2.
Lead boxes are effective ways to increase sales of a PT’s services.
False 3.
Providing a potential client with a choice between 2 training options provides more opportunity to have a client commit to purchase your services than asking a yes or no question regarding setting up an appointment.
True
4.
PTs should keep written documentation of every client’s workouts as well as assessment measures.
True 5.
Discussing a client’s personal information with other PTs working in the area after a training session is an important step in developing a plan of action.
False 6.
An ACSM-certified PT is qualified to provide recommendations on supplements & other pharmacological aids to performance.
False
7.
Dietary & nutritional supplements are now under government regulation & therefore the public can be assured of the ingredients.
False
8.
According to many insurance providers, the most common area of liability for fitness facilities is related to
falls on the training premises.
True 9.
What are the “four E’s” to consider when establishing what to charge a client?
Education, Environment, Experience, Expenses 10.
List 3 PT standards trainers should adhere to.
Contract law, informed consent, release or waiver 11.
List 3 characteristics of an S corporation.
12.
List 3 characteristics about sole proprietorships.
13.
Of the most popular marketing strategies, the MOST focused & effective is what?
Referrals from clients 14.
The most expensive marketing strategy with the lowest rate of return is what?
Advertising on hard copy products 15.
Name 3 sellable benefits of PT.
16.
Name 3 ways a PT can build trust with a prospective client.
17.
Name 3 things a PT should do to prevent slip & fall injuries.
18.
The most common action that violates the Scope of Proactive of a PT is what?
A personal trainer selling supplements to a client 19.
Name 3 potential breaches of client confidentiality.
20.
The first line of defense in reducing the risk of liability for the PT is to have what?
Have written policies, forms, and procedures 21.
Name 3 forms for a PT to have & use to reduce their risk of liability.
22.
The ACSM recommended “per occurrence” amount for professional liability insurance is what?
2 million
23.
List all the things an instructor should include on an incident report.
Signature, statement of interests, and location 24.
According to insurance providers, what is the second leading area of legal liability for fitness facilities?
Injuries from equipment 25.
The best way to prevent injury using free weights is to do what?
Listen to client feedback
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
Related Questions
Please help.
arrow_forward
Please do not give solution in image format thanku
Read the Chapter 7 Mini Case: Cementing a Merger of Equals between Lafarge and Holcim Has Been Difficult and answer the following questions: 1. Of the “Reasons for Acquisitions” discussed in the chapter, which reasons are the primary drivers of Lafarge-Holcim merger strategy? 2. Given that there have been performance difficulties of this “merger of equals,” which of the “Problems in Achieving Acquisition Success” do you believe have most likely affected this deal?. 3. The new CEO, Jan Jenisch, has undertaken a restructuring strategy. Why do you think the market reacted negatively to this plan? 4. What would you suggest the firm do to improve it restructuring plan and ultimately its poor performance?
arrow_forward
2
arrow_forward
I need answer typing do not use chatgpt
12. Situation in which new business reduces an existing business of firm is classified as. A. non-cannibalization effect B. cannibalization effect
C. external effect
D. internal effect
arrow_forward
1. What policy would be used to cover your friends injuries if you drive off the road in an accident?
A.Your friends liability bodily insurance.
B.Your friends personal injury
C. The drivers "medical" policy
D. The drivers liability bodily Insurance
2. Which of the following statements using key insurance terms is true?
A. As your coverage limits increase your premiums decrease
B. As your coverage limits increase your premiums increase.
C. As your coverage limits decrease your premium increases.
D. As your deductibles increase your premium increases
arrow_forward
Make a sample business plan. No copy right on internet. Originality only.
arrow_forward
(TCO 3) Cardinality is
Group of answer choices
the minimum and maximum number of instances associated with one instance of a related entity.
the classification of a relationship as one-to-one, one-to-many, or many-to-many.
the strength of the relationship between two entities.
the number of attributes of an entity.
arrow_forward
Please do not give solution in image format thanku
arrow_forward
The following data was gathered during one of the recent audits of Cash Disbursement Section. One of the findings was on the outdated Delegation of Authority to policy. In preparing a report of the findings, identify the elements of an audit findings for each data (in order).
1. The delegation authority is updated biannually and not when changes in personnel or
responsibilities of authorized individuals occur. 2. The delegation of authority policy list three individuals who are no longer with the
company. Additionally, four individuals were identified who are new in their positions that should have disbursement authority, but are not listed in the policy.
3. Disbursements may be made that are not in accordance with management's or BOD's direction.
4. Authority over the disbursement of funds should only be delegated to individuals whose responsibility justify such authority.
O Cause, Effect, Condition, Criteria
O Condition, Effect, Cause, Criteria
O Cause, Condition, Effect,…
arrow_forward
Product-Profitability Analysis; Scarce Resources Creighton Corporation produces a varietyof consumer electronic products. Unit selling prices and costs for three models of one of its productlines are as follows:[LO 11-7]No Frills Standard Options SuperSelling price $40 $70 $86Direct materials 10 14 16Direct labor (@ $20/hour) 10 20 30Variable overhead 3 6 9Fixed overhead 3 6 6Variable overhead is charged to products on the basis of direct labor dollars; fixed overhead isallocated to products on the basis of machine hours.Required1. What is fundamentally different about the fixed versus variable overhead assigned to products?(Answer the question within the context of the relevance of this difference to the determination ofshort-term product mix.)
arrow_forward
1. In product distribution franchising, the franchisor provided operations manual and marketing plan.
A. True
B. False
2. When a franchisee purchase single unit from franchisor, he/she is still allowed to purchase additional single-unit once the original franchise unit begins to prosper.
A. True
B. False
3. Business format franchises are the most common type of franchise.
a. True
b. False
4. The three (3) major parties interested in the ratio analysis of the business are the following, except
a. Stakeholders
b. Management
c. Creditors
d. Shareholders
5. In product distribution franchising, the franchisor licenses its trademark and logo to the franchisees but typically does not provide them with an entire system for running their business.
a. True
b. False
arrow_forward
Subject : calculas
arrow_forward
All of the following are basic types of compensation plan for salespeople EXCEPT ________.
Question 3Answer
a.
commission plus bonus
b.
salary plus commission
c.
salary plus bonus
d.
straight commission
e.
straight salary
arrow_forward
Match the business type to the description:
Legal entity like a person, most are small firms, owned by stockholders, easier to raise money by selling stock, limited liability, potential perpetual life, may pay lower federal taxes, need a lawyer and have to pay a charter fee, have to pay federal corporate income tax as well as personal income taxes.
Owned by two or more people, easier to raise more capital, work and responsibility can be divided, must be dissolved when one of the owner dies or wants to leave, unlimited liability.
Owned by individuals, almost always a small business, owner is own boss, taxed only once, burden falls on owner's shoulders, owner may be sued, harder to raise money for capital as a small business
A.
Partnership
B.
Corporation
C.
Proprietorship
arrow_forward
44)
Balance sheet includes ___________________ of the firm.
a.
Capital
b.
Liabilities
c.
Assets
d.
All the options
arrow_forward
43.May I know the correct option?
arrow_forward
1) What information is printed on a continuations sheet?
a.
Subject line of the letter
b.
Name of the Receiver
c.
Company name and logo
d.
Company organizational structure
arrow_forward
go.6
arrow_forward
-How to draw a logical conclusion?
-What are the recommendation to draw a logical conclusion?
arrow_forward
Pls help ASAP on both
arrow_forward
(Subject: Insurance and risk management)
You are a supervisor at CBC Insurance Company, the leading insurance company in the town.
During the school holidays, your company has been be visited by grade 12 learners from Town High School. One of the learners that aspires to be insurance broker asks the following questions
and vou have to answer him.
a) Difference between wagering agreement, contingent contract and insurance contract
b) Explain four important insurance terminologies and cite examples
CF ensured his household goods against flood. Due to heavy rains this year, the central region experienced flooding and the house for CF being in the central region was also affected.
CF submitted a claim at CBC but his claim was rejected. You manager has just informed you to send an email to CF informing him that his claim was rejected. Upon receiving the email and before coming to your office for formal inquiry, CF has phoned you to give him the possibilities as to why his claim was…
arrow_forward
Subject: accounting
arrow_forward
For each requirement, state how it is intended to help to address the risk of fraud in publicly traded organizations.
a. Boards need to consist of at least 3 independent directors of 1/3 of the board which is higher.
b. Boards need to hold regular executive sessions of independent directors without management present.
arrow_forward
true or false
8. Company's confidential information can be considerably more valuable than information about credit cards.
arrow_forward
How can a proxy contest be used to overcome a capturedboard?
(Select all of the choices that apply.)
A.
Proxy contests are simply contested elections for directors. In a proxy contest, there are two competing slates of directors rather than just one slate proposed by the company.
B.
If a board has become captured or unresponsive to shareholderdemands, shareholders can put their own slate of new directors up for election.
C.
If the dissident slate wins, then the CEO will have succeeded in placing new directors, presumably not beholden to the CEO, on the board.
D.
If the dissident slate wins, then shareholders will have succeeded in placing new directors, presumably not beholden to the CEO, on the board.
E.If a board has become captured or unresponsive to shareholderdemands, the CEO can put a slate of new directors up for
election.
arrow_forward
9. Middle managers are the smallest group
of managers in organizations who are
primarily responsible for implementing the
policies and plans of middle line managers.
(True/ False)
arrow_forward
Urgent
State it is true or False ?
A business plan helps the entrepreneur see the risk and responsibilities involves in a business
arrow_forward
14/Which of the following are the tools of management accounting?
i. Standard costing
ii. Cash flow statement
iii. Budgeting
iv. Responsibility accounting
a.
i ,ii, iii & iv
b.
i, ii & iii
c.
i, ii & iv
d.
ii ,iii &iv
arrow_forward
23)
Time value of money as realistic in ________.
a.
Working Capital
b.
None of the options
c.
Capital Budgeting
d.
Simple Interest
arrow_forward
SEE MORE QUESTIONS
Recommended textbooks for you
BUSN 11 Introduction to Business Student Edition
Business
ISBN:9781337407137
Author:Kelly
Publisher:Cengage Learning
Essentials of Business Communication (MindTap Cou...
Business
ISBN:9781337386494
Author:Mary Ellen Guffey, Dana Loewy
Publisher:Cengage Learning
Accounting Information Systems (14th Edition)
Business
ISBN:9780134474021
Author:Marshall B. Romney, Paul J. Steinbart
Publisher:PEARSON
International Business: Competing in the Global M...
Business
ISBN:9781259929441
Author:Charles W. L. Hill Dr, G. Tomas M. Hult
Publisher:McGraw-Hill Education
Related Questions
- Please help.arrow_forwardPlease do not give solution in image format thanku Read the Chapter 7 Mini Case: Cementing a Merger of Equals between Lafarge and Holcim Has Been Difficult and answer the following questions: 1. Of the “Reasons for Acquisitions” discussed in the chapter, which reasons are the primary drivers of Lafarge-Holcim merger strategy? 2. Given that there have been performance difficulties of this “merger of equals,” which of the “Problems in Achieving Acquisition Success” do you believe have most likely affected this deal?. 3. The new CEO, Jan Jenisch, has undertaken a restructuring strategy. Why do you think the market reacted negatively to this plan? 4. What would you suggest the firm do to improve it restructuring plan and ultimately its poor performance?arrow_forward2arrow_forward
- I need answer typing do not use chatgpt 12. Situation in which new business reduces an existing business of firm is classified as. A. non-cannibalization effect B. cannibalization effect C. external effect D. internal effectarrow_forward1. What policy would be used to cover your friends injuries if you drive off the road in an accident? A.Your friends liability bodily insurance. B.Your friends personal injury C. The drivers "medical" policy D. The drivers liability bodily Insurance 2. Which of the following statements using key insurance terms is true? A. As your coverage limits increase your premiums decrease B. As your coverage limits increase your premiums increase. C. As your coverage limits decrease your premium increases. D. As your deductibles increase your premium increasesarrow_forwardMake a sample business plan. No copy right on internet. Originality only.arrow_forward
- (TCO 3) Cardinality is Group of answer choices the minimum and maximum number of instances associated with one instance of a related entity. the classification of a relationship as one-to-one, one-to-many, or many-to-many. the strength of the relationship between two entities. the number of attributes of an entity.arrow_forwardPlease do not give solution in image format thankuarrow_forwardThe following data was gathered during one of the recent audits of Cash Disbursement Section. One of the findings was on the outdated Delegation of Authority to policy. In preparing a report of the findings, identify the elements of an audit findings for each data (in order). 1. The delegation authority is updated biannually and not when changes in personnel or responsibilities of authorized individuals occur. 2. The delegation of authority policy list three individuals who are no longer with the company. Additionally, four individuals were identified who are new in their positions that should have disbursement authority, but are not listed in the policy. 3. Disbursements may be made that are not in accordance with management's or BOD's direction. 4. Authority over the disbursement of funds should only be delegated to individuals whose responsibility justify such authority. O Cause, Effect, Condition, Criteria O Condition, Effect, Cause, Criteria O Cause, Condition, Effect,…arrow_forward
- Product-Profitability Analysis; Scarce Resources Creighton Corporation produces a varietyof consumer electronic products. Unit selling prices and costs for three models of one of its productlines are as follows:[LO 11-7]No Frills Standard Options SuperSelling price $40 $70 $86Direct materials 10 14 16Direct labor (@ $20/hour) 10 20 30Variable overhead 3 6 9Fixed overhead 3 6 6Variable overhead is charged to products on the basis of direct labor dollars; fixed overhead isallocated to products on the basis of machine hours.Required1. What is fundamentally different about the fixed versus variable overhead assigned to products?(Answer the question within the context of the relevance of this difference to the determination ofshort-term product mix.)arrow_forward1. In product distribution franchising, the franchisor provided operations manual and marketing plan. A. True B. False 2. When a franchisee purchase single unit from franchisor, he/she is still allowed to purchase additional single-unit once the original franchise unit begins to prosper. A. True B. False 3. Business format franchises are the most common type of franchise. a. True b. False 4. The three (3) major parties interested in the ratio analysis of the business are the following, except a. Stakeholders b. Management c. Creditors d. Shareholders 5. In product distribution franchising, the franchisor licenses its trademark and logo to the franchisees but typically does not provide them with an entire system for running their business. a. True b. Falsearrow_forwardSubject : calculasarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- BUSN 11 Introduction to Business Student EditionBusinessISBN:9781337407137Author:KellyPublisher:Cengage LearningEssentials of Business Communication (MindTap Cou...BusinessISBN:9781337386494Author:Mary Ellen Guffey, Dana LoewyPublisher:Cengage LearningAccounting Information Systems (14th Edition)BusinessISBN:9780134474021Author:Marshall B. Romney, Paul J. SteinbartPublisher:PEARSON
- International Business: Competing in the Global M...BusinessISBN:9781259929441Author:Charles W. L. Hill Dr, G. Tomas M. HultPublisher:McGraw-Hill Education
BUSN 11 Introduction to Business Student Edition
Business
ISBN:9781337407137
Author:Kelly
Publisher:Cengage Learning
Essentials of Business Communication (MindTap Cou...
Business
ISBN:9781337386494
Author:Mary Ellen Guffey, Dana Loewy
Publisher:Cengage Learning
Accounting Information Systems (14th Edition)
Business
ISBN:9780134474021
Author:Marshall B. Romney, Paul J. Steinbart
Publisher:PEARSON
International Business: Competing in the Global M...
Business
ISBN:9781259929441
Author:Charles W. L. Hill Dr, G. Tomas M. Hult
Publisher:McGraw-Hill Education