Chapter 6

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

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

To be granted future loans, it is important to pay loans on time and avoid:

Which of the following is not a skill or ability a salon owner should possess to ensure success?

A designer earning additional payment over & above the normal paycheck would be receiving what?

The term given for selling products for client home care is:

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

Job features such as paid holidays, insurance & retirement plans offered by the workplace are:

Which form of advertising involves sending postcards or flyer to potential clients?

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

All of the following items should be important requirements in the process of salon planning except:

The ideal salon arrangement is an efficient traffic pattern providing:

Which of the following is vital in order to allow close management of products purchased for retailing

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

Which method is considered to be the most effective way of building your clientele

Which of the following terms refers to all money owed?

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

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

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

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

What is generally considered the best form of advertising?

A business owned by one person is called a(n):

One of the most effective techniques in building a clientele is to:

Which of the following ways can a salon professional use to develop a successful relationship with the client?

The type of business ownership in which 2 or more persons share all the cost of maintaining the business is a:

Which of the following is not a method you can use to start your job search?

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

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

What amount of commission will a salon owner usually pay an employee for retail sales?

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

To become an asset to any salon staff, the designer should do all the following except:

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

Location is the most important factor in:

The salon owner is responsible for collecting and paying sales tax how often?

All payments received from clients for services performed and home care products are known as:

Which of the following questions is illegal for an employer to ask for the purpose of discrimination?

The stylist's name, scheduled service, client's name, date and phone number should be included in the:

Keep all records of daily sales and services for:

Making a future appointment with a client while he or she is still in the salon is referred to as:

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