Chapter 6 Salon Business

Question 1

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

Accepted Answer

assets

Question 2

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

Accepted Answer

default

Question 3

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

Accepted Answer

receptionist

Question 4

Which of the following terms refers to all money owed?

Accepted Answer

liabiltites

Question 5

Which of the following items is reproted to the IRS and employee income?

Accepted Answer

tips received by an employee

Question 6

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

Accepted Answer

word of mouth advertising

Question 7

Creating a radio ad is the best form of advertising?

Accepted Answer

false

Question 8

The emotional buyer bases his or her purchases on personal reasons than facts.

Accepted Answer

true

Question 9

A rental agreement is also known as a lease.

Accepted Answer

true

Question 10

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

Accepted Answer

income tax

Question 11

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

Accepted Answer

assets

Question 12

Which form of advertising involves sending postcards or flyers to potential customers?

Accepted Answer

direct mail advertising

Question 13

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

Accepted Answer

ask your teacher to find a job for you

Question 14

The ideal salon arrangement has an efficient traffic pattern providing:

Accepted Answer

the least steps for the client and the stylist to travel

Question 15

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

Accepted Answer

retailing

Question 16

A business owned by one person is called a:

Accepted Answer

sole proprietorship

Question 17

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

Accepted Answer

provide at least eight pages of information

Question 18

An important aspect to remember when managing monew is to:

Accepted Answer

create a budget

Question 19

Which of the following terms refers to all money owed?

Accepted Answer

liabilities

Question 20

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

Accepted Answer

income tax

Question 21

Salaries or commisions are usually your largest expenses inoperating a salon.

Accepted Answer

true

Question 22

The ideal salon arrangement has an efficient traffic pattern providing:

Accepted Answer

the least steps for the client and stylist to travel

Question 23

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

Accepted Answer

give out business cards to potential clients

Question 24

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

Accepted Answer

give out business cards to potential clients

Question 25

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

Accepted Answer

the size of the salon

Question 26

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

Accepted Answer

true

Question 27

Location is the most important factor in:

Accepted Answer

opening a salon business

Question 28

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

Accepted Answer

the size of the salon

Question 29

Keep all records of daily sales and services for:

Accepted Answer

5-7 years

Question 30

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

Accepted Answer

IRS

Chapter 6 Salon Business

Questions 30

Chapter 6 Salon Business

Questions 30