EST Ch. 3

Which insurance policies is state- controlled and required by law?

Type of compensation based on a percentage of the dollar income an individual esthetician?

A reserve of cash that can be drawn upon to meet operating expenses in the event of a slow month or two is a:

Insurance policy that covers the actual skin care center equipment and physical location in case of natural disasters:

Typical commission rate for an employee to receive when selling retail to a client?

What is the title given to a form of operating agreement in which a fee is paid to a parent corporation?

Assets minus liabilities equals:

What is the purpose of an exit plan?

Which of the following business plan essentials describes the plan for telling the world about the products offered:

Which advisor travels within a “territory” to sell products and equipment to skin care centers?

Which terms define salaries or commissions for yourself and employees including payroll taxes?

Financial advisor who can explain in greater depth the types of business ownership and the related tax benefits:

Term for all activities that attract attention to the skin care center and create a positive impression?

Accountants frequently refer to income as:

Which description does NOT represent an element of a business plan?

Which category generally accounts for 50% of the expenses of the expenses for a skin care center?

The reservoir of cash that is needed to stay ahead of creditors is called:

A business owned by two or more persons is a:

Term describing the amount of time it takes to sell the product once it is on the shelf?

Which skills are needed to be a successful skin care center owner?

Estimate of what you think you will earn in revenues and what you expect to pay in expenses?

Withholding tax that is planned savings/retirement fund for every worker in the U.S. is called:

Which items are NOT considered to be part of an individuals total assets?

Determining how many other skin care centers and esthetician’s are in the area is the first step in gauging the:

Name for all payments received from clients for services and products purchased?