Unit 1 Test- Career Essentials

Question 1

Which of the following insurance policies is state controlled & required

Accepted Answer

worker's compensation

Question 2

Which of the following describes the act of exchanging ideas, thoughts or feelings

Accepted Answer

communication

Question 3

Which of the following terms comprises all the property a person owns

Accepted Answer

assets

Question 4

Which of the following is NOT an example of a product's features

Accepted Answer

improving skin condition

Question 5

A skin care center should keep all daily sales & service records for at least

Accepted Answer

6 months

Question 6

Energy in food is measured by which of the following terms

Accepted Answer

calories

Question 7

which type of rent allows owners to predict monthly expenses carefully

Accepted Answer

fixed rent

Question 8

The most effective form of advertising is

Accepted Answer

word of mouth

Question 9

Which generally accounts for 50% of the expenses for a skin care center

Accepted Answer

salaries & commisions

Question 10

Which is the most selective & efficient form of advertising for local businesses

Accepted Answer

direct mail

Question 11

Where would the widest selection of job opportunities be found

Accepted Answer

Sunday newspaper classifieds

Question 12

An estimate of earned revenues and paid out expenses is called

Accepted Answer

projection

Question 13

What is the typical % of income paid out for rent in a skin care center

Accepted Answer

12%

Question 14

The reservoir of cash needed to stay ahead of creditors is called

Accepted Answer

operating capital

Question 15

The reservoir of cash needed to stay ahead of creditors is called

Accepted Answer

operating capital

Question 16

Inventory is also referred to as

Accepted Answer

stock in quantity

Question 17

On a personal financial statement, all money owed is called

Accepted Answer

liabilities

Question 18

A business owned by 2+ persons is called

Accepted Answer

partnership

Question 19

Proper conduct in relationships with employers, coworkers and clients is called

Accepted Answer

professional ethics

Question 20

The act of exchanging messages without speaking is called

Accepted Answer

nonverbal communication

Questions 20