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Chapter 6 - Cosmetology Salon Business Flashcards | StudBud
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Chapter 6 - Cosmetology Salon Business
Chapter 6 - Cosmetology Salon Business
30 terms
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Chapter 6
Flashcards
30 cards
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Practice quiz
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Host live
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Questions
30
Answers
1
A stylist earning additional payment over and above the normal paycheck would be receiving what type of compensation?
Insurance
Salary
Salary plus commission
Pension
2
Which type of insurance protects the salon owner from financial loss due to an employee's negligence?
Product liability
Malpractice
Premise
Social security
3
Net worth is calculated by subtracting liabilities from which of the following?
Charge accounts
Student loans
Assets
Loan balances
4
What percentage of the total salon expenses generally represents compensation for the salon owner and employee's?
25%
10%
75%
50%
5
In many cases, the first person to greet a client is the?
Manager
Receptionist
Stylist
Owner
6
What type of business ownership in which two or more persons share all costs of openings operating and maintaining
Partnership
Franchise
Sole proprietorship
Corporation
7
The stylist's name, scheduled service, client's name, date and client's phone number should all be included in the?
Appointment book
I-9 form
State income tax form
Federal income tax form
8
Which form of advertising involves sending postcards or flyers to potential customers?
TV and radio advertising
Involvement in community affairs
Direct mail advertising
Word-of-mouth advertising
9
What is generally considered the best form of advertising?
Billboards
Television
Pamphlets
Word of mouth
10
One of the most effective techniques in building a clientele is to?
Promote services that are available in the salon
Point out weaknesses of other stylist to clients
Run behind to show the salon is busy
Give out business cards to potential clients
11
Renting or leasing a stylist station from a building owner would represent which of the following situation?
Sole proprietorship
Independent contractor
Partnership
Corporation
12
The term given for selling products for client home care is?
Warehousing
Scheduling
Retailing
Networking
13
All the following items should be important requirements in the process of a salon planning EXCEPT?
Market need
Cost of necessary improvements
The distance from the social security office
Location
14
Which of the following is vital in order to allow close management of products purchased for retailing in the salon?
Appointment book
Inventory control system
Employee compensation
Receptionist
15
The ideal salon arrangement has an efficient traffic pattern providing?
The most steps to the client and stylish to travel
80 sq ft per stylist
The least steps for the client and stylish to travel
Remote reception area
16
Compliance with all local, state/providence and federal rules, regulations and laws is the responsibility of the
Stylist
Local authorities
Former building owner
Salon owner
17
What does it mean to make a future appointment with a client while still in the salon?
Retailing to the client
Networking with the client
Pre-booking the client
Pressuring the client
18
Which of the following business types is owned by the shareholders and formed under legal guidelines
A corporation
A proprietorship
A franchise
A partnership
19
US Social Security and Canadian Pension taxes are planned savings/retirement funds, and the money is collected by the?
US and Canadian governments
City council
County government
State government
20
Which of the following interview questions is the illegal for employer to ask for the purpose of discrimination?
What is your strongest technical area?
How would you describe your people skills?
How would someone describe your personal characteristics?
When were you born?
21
All payments received from clients for services performed and home care products purchased is known as?
Expenses
Income
Taxes
Compensation
22
Keep all records of daily sales and services for?
5 to 7 years
2 to 4 years
10 to 12 years
14 to 16 years
23
An important aspect remember when managing money is to?
Complete a performance review
Spy equipment by getting loans
Create a budget
Ignore economic conditions
24
Which of the following items must be reported to the IRS as employee income?
Money paiy to vendors
Tips received by an employee
Operating expenses paid by the salon
Change given to a client following payment
25
The tax based on the profits (earnings) of a business is known as?
Income tax
Payroll tax
Sales tax
Operating tax
26
To be granted future loans, it is important to pay loans on time and avoid?
Compensation
Default
Insurance
Taxes
27
Which of the following terms refers to all money owed?
Liabilities
Assets
Financial status
Net worth
28
To become an asset to any salon staff, the stylist should do all of the following EXCEPT?
Offer sound advice
Listen to clients
Make negative comments
Communicate professionally
29
The least important factor in deciding whether to accept a position is?
The success of a salon
The location
The size of the salon
The salary and benefits
30
Which of these descriptions is NOT a guideline to be used when creating a resume?
Provide at least eight pages of information
Write the resume in a brief and concise manner
Show prior employment information
List awards and special recognition