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Practice Exam
1. A marketing plan may help you identify your strengths and weaknesses in the marketplace.
True
False
2. You should learn about your market and demographics so you know what to offer.
True
False
3. Partnerships must be equal in who owns what.
True
False
4. Which of these is a primary business structure?
Sole proprietorship
Partnership
Corporation
All of the above
5. What kinds of suppliers should you place on your list?
Exercise equipment
Space management
Personal trainers
All of the above
6. What is a main benefit to a sole proprietorship?
They are protected from lawsuits
Can pay themselves a profit
They have lots of meetings
None of the above
7. What are some common responsibilities of employers?
Ongoing training of employees
Must adhere to local city and county regulations
Must maintain liability insurance
All of the above
8. What are some services/products that can be offered at a health club?
Fitness classes
Seasonal classes
Nutrition
All of the above
9. Which of these business structures is best to set up when you are the only person?
Sole proprietorship
Partnership
Corporation
All of the above
10. Current employees or independent trainers should be CPR certified.
True
False
Grade Exam
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