Chapter 6

An important aspect to remember when managing the financial operations of a salon is to:

Which of the following time periods identifies the consideration for a long-range goal?

The ideal salon arrangement has an efficient traffic pattern providing:

An employee that receives income based on a percentage of the dollar income of total clients serviced is being paid on a

Which of the following items is reported to the IRS as employee income?

What percentage of the total salon expenses generally represents compensation for the salon owner and employees?

To help keep an accurate inventory of supplies, it is important to maintain an:

Which of the following is perhaps the easiest buyer motivation to recognize in the salon?

Location is the most important factor in:

Which of the following is important to allow close management of products purchased for retailing in the salon?

Which method is probably the most effective way to build your clientele?

In many cases, the first person to greet the client is the:

All of the following items will need to be researched when beginning the process of salon planning except:

U.S. Social Security and Canadian Pension taxes are planned savings/retirement funds, and the money is collected by the:

What is a list of total liabilities called?

Net worth is calculated by subtracting liabilities from which of the following?

Treat client the way you want to be treated is key to a successful cosmetologist-client relationship. Treat client with:

Which form of advertising involves sending postcards or flyers to prospective clients?

Who must apply for a state sales tax permit before collecting taxes on products or service sold?

Which of these descriptions is NOT a guideline to be used when creating a resume?

An example of a liability on your financial statement would be:

Which of the following terms refers to all money owed

At regular intervals, an employer will discuss job performance with an employee, which is called

The tax based on the profits of a business is known as:

A form of operation in which an initial purchase fee plus a monthly service charge is paid to the parent corporation is

The least important factor in deciding to accept a position is:

A financial advisor who can tell you what a bank is likely to lend you, based on your net worth, is referred to as an:

What is the commission pay structure based on to determine pay?

The stylists name, scheduled service, clients name, date and clients phone number should all be included in the:

An efficient working space for each stylist is:

A set income given to an employee on a weekly or monthly basis is known as:

Which of the following business types is owned by the shareholders and formed under legal guidelines?

Renting or leasing a workstation from a building owner would represent which of the following situations:

Features of a product are its characteristics, which might include:

The following are all benefits of a product except:

Compliance with all local, state and federal rules, regulations and laws in the responsibility of the law:

The government agency that would audit your business record keeping is the

What is the best form of advertising?

Which buyer type is open-minded and willing to take a chance on new products without hesitation?

Which type of insurance protects the salon owner from from financial loss due to an employees negligence?