DWI CPD Test: Buying A Dental Practice

1. What is the first step before buying a dental practice?

Choose new paint colors

Assess financial readiness

Hire new staff

Book a holiday

2. What does due diligence involve?

Reviewing finances, contracts, and compliance

Painting the reception

Ordering dental chairs

Hiring a new hygienist

3. Why is patient retention important when buying a practice?

It makes staff happier

It reduces tax bills

It shows future income potential

It lowers insurance

4. Why is future planning important after buying a practice?

To ensure smooth transition and growth

To stop staff resignations

To cancel insurance

To reduce patient fees

5. What is a common risk when buying a practice?

Bright lighting

Smiling patients

Too many chairs

Overpaying without accurate valuation