Senior Manager Exam Review
Quiz by Anne
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60 questions
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- Q1While in the salon, booth renters are responsible for infection control in their own areas and for:all common areasall spa areasonly the restroomtheir neighboring stylist's areas120s
- Q2Another name for individual ownership is:incorporatingsole proprietorshipfranchisingindependent contracting120s
- Q3A type of ownership in which a parent company makes decisions and collects a fee from the owner is called a:partnershipfranchisesole proprietorshipcorporation120s
- Q4A person who contributes to the business financially in a partnership, but whose ownership is usually not known to the public is a:directorsilent partnerfranchiserindependent contractor120s
- Q5The people who manage a corporation are the:state boardsalon managersstockholdersboard of directors120s
- Q6The people who own a corporation are the:franchiseesstockholdersboard of directorssalon managers120s
- Q7The recommended space in the salon per stylist is:120-150 square feet50-100 square feet10-15 square feet1000-1200 square feet120s
- Q8The space requirements for the dispensary of a salon are:24 square feet; 6 foot high walls24 square feet; 8 foot high walls36 square feet; 6 foot high walls36 square feet; 8 foot high walls120s
- Q9Which of the following is NOT true of a salon restroom?it must be cleanit must have pump type soapit must have a lockit must be separate for men and women120s
- Q10To obtain financing, it is essential to:ask friends and family for moneyrefinance your houseset up a business planknow someone at the bank120s
- Q11To get your net worth:add your assets and liabilitiessubtract your liabilities from your assetsmultiply your assets and liabilitiesdivide your assets by your liabilities120s
- Q12The highest cost in operating a salon is:salariesadvertisingutilitiesrent or mortgage120s
- Q13To calculate your profit you should:subtract your expenses from your incomemultiply your expenses by your incomeadd your expenses and incomedivide your expenses by your income120s
- Q14You are operating at a loss if:expenses are less than incomeexpenses are greater than incomeyou use all the supplies that you buyyour total sales exceed what you owe120s
- Q15A promise to pay rent and use the property according to the agreement is called a:business planrental promise50/50 planlease120s