Nampa Cosmo 103 Business Test

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

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

The ideal salon arrangement has an efficient traffic pattern providing:

Earning additional payment based on the number of clients you bring into the salon is what type of compensation?

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

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

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

It is wise to keep all records of daily sales and services for:

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

A client retention strategy that involves booking a future appointment before leaving the salon is known as:

Dependability as a work principle can be described as:

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

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

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

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

Which of the following statements describes what you should do if you are asked a question that seems discriminatory?

The determination on whether a specific product should be continued as a retail item is based on the number of:

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

Successful salons are those whose staff are recommending their services and line of retail by doing all EXCEPT

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

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

Net worth is calculated by subtracting liabilities from:

A sole proprietorship is a business owned by:

What is considered the best form of advertising?

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

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

Which of the following terms refers to all money owed?

All of the following items are important factors to research in the process of salon planning EXCEPT:

The salon professional's name, client's name, scheduled service, date and client's phone number should all be in the:

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