How Many Years Does the National Certification Board for Therapeutic

question 4

Multiple Choice

How many years does the National Certification Board for Therapeutic Massage and Bodyworkers recommend that therapists maintain client records after the last date of client service?

• A) 1
• B) 4
• C) 7
• D) 10

Differentiate between types of collateral as classified in the Code.

Recognize the legal remedies and rights available to sureties.

Appreciate the implications of buying property with existing security interests or mortgages.

Understand the types of bonds and their purposes in securing obligations.

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Definitions:

Anchoring

A cognitive bias in decision-making where individuals rely too heavily on an initial piece of information (the "anchor") when making judgments.

Minimum Payments

The smallest amount of a debt that must be paid each period, often used in the context of credit card debt or loans to avoid penalties.

Endowment Effect

A cognitive bias where people ascribe more value to things merely because they own them.

Gains

The increase in economic benefit, which can be measured in terms of profit, utility, or welfare, resulting from an action or transaction.