103 Salon Business

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

Which business type is owned by the shareholders and formed under legal guidelines?

"I will get a job within the next 60 days" is an example of a:

A personalized approach is also referred to as:

Offering a hair color service to a client who only scheduled a haircut is an example of

The money in your checking and savings accounts, IRAs, stocks and bonds are all your total

What offers an employer a brief summary of why you would liked to be employed at their salon?

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

Passion as a work principle can be described as:

Before a salon can hire employees they need to apply for a(n):

Which of the following concepts involves converting existing clients to return clients?

Must apply for a state sales tax permit before collecting taxes on products or services sold:

Which buyer wants to know all the facts about the product and thinks carefully about buying?

All of the following descriptions apply to an independent salon EXCEPT:

It is wise to keep all records of daily sales and services for:

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

An efficient working space for each salon professional is

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

Which one of the following items is usually the largest expense in operating a salon?

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

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

Important information about the client, combined with their financial value is:

Insurance that helps cover the cost of any equipment or the location in case of fire or theft:

All payments received from clients for services and products is known as:

Industry statistics indicate that satisfied clients will usually refer how many new clients?

When handling a client complaint you can turn a negative experience into a positive one by:

Compliance with all local, state/province and federal laws is the responsibility of

Which of the following items must be reported as employee income?

When staff takes individual initiative to stay on top of things and pay attention to detail

Which of the following terms refers to all money owed?

Which term defines a specific target or benchmark that can be attained in a specific time?

For salon professionals just starting out, the most common and immediate source of referrals is

Adding the client's service total and retail total for one visit will achieve which result?

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

An operating agreement in which a business functions under a parent corporation

Which of the following characteristics will contribute to career success?

What is the number one reason why clients move on to another salon?

The act of a satisfied client directing another person to see you for professional services is:

Paid holidays, bonuses and insurance are all examples of:

The renting of a space, suite or booth by an individual salon professional on a monthly basis

Which type of insurance protects the owner from financial loss due to an employee's negligence?

Type of ownership in which two or more persons share all costs of opening & operating business

Procedures in the salon that ensure all products are accounted for is known as:

A realistic goal is one that:

How often does the average loyal client visit a salon?

If all of your appointment times have been scheduled with clients for a given day, this is:

Insurance benefits might include all of the following types EXCEPT:

Location is the most important factor in:

A collection of your creative work and documents to show potential clients or employers is a:

What should you do if you are asked a question that seems discriminatory in an interview?