Chapter Six: Salon Business

Question 1

Not a guideline used when creating a resume:

Answer 1

provide 8 pages of information

Question 2

Illegal for an employer to ask during an interview:

Answer 2

when you were born

Question 3

Least important factor when deciding when deciding to accept a position:

Answer 3

size of the salon

Question 4

Effective in building a clientele:

Answer 4

give out business cards

Question 5

Making a future appointment while client is still in salon:

Answer 5

prebooking

Question 6

NOT a skill or ability a salon owner should have to ensure success:

Answer 6

having employees handle difficult situations

Question 7

All money owed:

Answer 7

liabilities

Question 8

Net worth is calculated by subtracting liabilities from:

Answer 8

assets

Question 9

A business owed by two or more people who share all costs of opening, operating and maintaining it:

Answer 9

partnership

Question 10

A business owned by shareholders and formed under legal guidelines:

Answer 10

corporation

Question 11

Not a requirement in the process of salon planning:

Answer 11

the distance from the social security office

Question 12

Compliance with all local, state and federal ruled, regulations and laws is the responsibility of the:

Answer 12

salon owners

Question 13

Ideal salon arrangement:

Answer 13

least steps for client’s and designers to travel

Question 14

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

Answer 14

default

Question 15

Type of insurance protecting salon owners from financial loss due to employee negligence:

Answer 15

malpractice

Question 16

U.S. social security taxes are planned savings/retirement funds and the money is collected by the:

Answer 16

U.S. government

Question 17

Reported to the IRS as employee income:

Answer 17

tips received by an employee

Question 18

The tax based on the profit (earnings) of a business:

Answer 18

income tax

Question 19

Payments received from clients for services:

Answer 19

income

Question 20

Renting or leasing a workstation from a building owner represents:

Answer 20

independent contractor

Question 21

Keep all records of daily sales and services for:

Answer 21

5 to 7 years

Question 22

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

Answer 22

50%

Question 23

Additional payment over and above the normal paycheck

Answer 23

salary plus commission

Question 24

The best form of advertising:

Answer 24

word of mouth

Question 25

Advertising involving sending postcards/flyers to potential customers:

Answer 25

direct mail advertising

Question 26

vital in order to allow management of products:

Answer 26

inventory control system

Question 27

The first person to greet the client:

Answer 27

receptionist

Question 28

Stylist name, service, client name, date and client phone number should all be included in the:

Answer 28

appointment book