Specialist Week 1 Test

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

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

All the property you own is called a list of:

A sole proprietorship is a business owned by:

Type of business ownership where 2 + people share all costs of opening, operating and maintaining the business is:

A compensation structure that is based on a % of the dollar income the esthetician generates from client services is:

All of the following items are considered to be your assets on a financial statement EXCEPT:

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

What is considered the best form of advertising?

Form of operation where an initial purchase fee + a monthly service charge is paid to the parent corporation is called:

What is the form called that verifies an employee's identitiy and authorization to work in the U.S. ?

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

Which of the following terms refers to all money owed?

All of the listed guidelines could be used to set service prices EXCEPT:

Susan earns an additional payment based on the number of clients she sees. What type of compensation is Susan recieving?

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

Before a salon/spa owner can hire employees, they need to apply for a:

Tips for treatment-room productivity include all of the following statements EXCEPT:

All of the following descriptions are general guidelines for establishing prices for services and retail EXCEPT:

Net worth is calculated by subtracting liabilities from: