103 Salon Business

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

Paid holidays, bonuses and insurance are all examples of:

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

How often does the average loyal client visit a salon?

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

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

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

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

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

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

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

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

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

Insurance benefits might include all of the following types EXCEPT:

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

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

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

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

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

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

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

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

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

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

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

Which of the following terms refers to all money owed?

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

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

Location is the most important factor in:

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

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

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

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

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

An efficient working space for each salon professional is

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

Passion as a work principle can be described as:

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

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

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

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

A realistic goal is one that:

A personalized approach is also referred to as:

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

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

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

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

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

Which of the following characteristics will contribute to career success?

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