Chapter Six: Salon Business Flashcards
Not a guideline used when creating a resume:
provide 8 pages of information
Illegal for an employer to ask during an interview:
when you were born
Least important factor when deciding when deciding to accept a position:
size of the salon
Effective in building a clientele:
give out business cards
Making a future appointment while client is still in salon:
prebooking
NOT a skill or ability a salon owner should have to ensure success:
having employees handle difficult situations
All money owed:
liabilities
Net worth is calculated by subtracting liabilities from:
assets
A business owed by two or more people who share all costs of opening, operating and maintaining it:
partnership
A business owned by shareholders and formed under legal guidelines:
corporation
Not a requirement in the process of salon planning:
the distance from the social security office
Compliance with all local, state and federal ruled, regulations and laws is the responsibility of the:
salon owners
Ideal salon arrangement:
least steps for client’s and designers to travel
To be granted future loans, it is important to pay loans and time and avoid:
default
Type of insurance protecting salon owners from financial loss due to employee negligence:
malpractice
U.S. social security taxes are planned savings/retirement funds and the money is collected by the:
U.S. government
Reported to the IRS as employee income:
tips received by an employee
The tax based on the profit (earnings) of a business:
income tax
Payments received from clients for services:
income
Renting or leasing a workstation from a building owner represents:
independent contractor
Keep all records of daily sales and services for:
5 to 7 years
What percentage of total salon expenses represents compensation for the salon owner and employees?
50%
Additional payment over and above the normal paycheck
salary plus commission
The best form of advertising:
word of mouth
Advertising involving sending postcards/flyers to potential customers:
direct mail advertising
vital in order to allow management of products:
inventory control system
The first person to greet the client:
receptionist
Stylist name, service, client name, date and client phone number should all be included in the:
appointment book
