Duplicate of 103E.05 Salon/Spa Ownership

The ideal salon/spa arrangement has an efficient traffic pattern providing:

Workers' Compensation insurance is not a required for the salon/spa owner.

An efficient working space for each esthetician is:

A set dollar amount of rent paid each month to the lessor is called:

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

salon owner is paying rent that is a set amount paid per month plus percentage of monthly income. What type of rent

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

Workers' Compensation insurance is needed to protect the:

The insurance that helps cover the costs of equipment, physical location in case of a fire or theft is known as premise

A form of operation in initial purchase fee plus a monthly service charge is paid to the parent corporation is called

A sole proprietorship is a business owned by:

What is the purpose of a handbook for a salon/spa?

Which of the following terms refers to all money owed?

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

What form does the employer provide that indicates all taxes paid for the past year for each employee?

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

If the operating expense is greater than the income, the salon/spa is operating at a(n):

The type of business ownership in two or more persons share all costs of opening, operating maintaining the business is:

Renting or leasing a workstation from a building owner would represent which of the following situations?

All payments received from clients for services and home-care products purchased is known as:

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

A rental agreement is known as a:

Noise levels and lighting can be considered unnecessary pollution.

Net worth is calculated by subtracting liabilities from:

What kind of insurance is required by federal law for all qualified employers?

What percentage of the total salon/spa expenses generally represents compensation for the salon/spa owner and employees?

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

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

All the property you own is called a list of:

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

Who must apply for a state sales tax permit before collecting taxes on products or services sold?

An account established to save for replacement of equipment is called:

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

A financial advisor who can tell you what a bank is likely to lend you, based on your net worth, is referred to as a(n):

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

All of the costs incurred in running the salon/spa each day is referred to as: