NASM VCS: TERMS Exam
Book of Business - Answer- The professional's list of clients.
Virtual Trainer - Answer- A professional who provides live, one-on-one programming
through virtual means such as video, chat, and livestreams while integrating other
communication technologies such as e-mail, file sharing, etc.
Emerging technology - Answer- New technologies currently developing that are
expected to have a significant social and/or economic impact.
Sensing technologies - Answer- Devices that use sensors to detect and record physical
or biological information and often are referred to as biometric wearables.
Scope of practice - Answer- The actions that a professional is permitted to undertake in
keeping with the terms of her or his license or certification.
Entrepreneur - Answer- A business owner who develops systematic, repeatable,
scalable, and teachable processes to grow a business.
Business owner - Answer- An individual or group who owns a business entity and has
final decision-making authority as well as first right to profits
Business plan - Answer- A document that outlines how a business will be structured,
grow, and achieve goals that are set forth by the business owner or executive team.
Solopreneur - Answer- An entrepreneur who runs a business on their own.
Executive summary - Answer- A section of the business plan that provides an overview
of what will be covered in the document.
Mission statement - Answer- A mission statement is the entrepreneur's reason for
wanting to start this business and should convey a meaning that resonates (and
motivates) with the founder, employees, and clients.
Vision statement - Answer- What the business will look like in the long-term, over the
next 5 to 10 years or more.
Customer acquisition cost (CAC) - Answer- How much a new customer costs a
business - typically, the cost is determined through money spent on advertising.
