Exam (elaborations)

Salon Manager Exam Questions With 100% Correct Answers {2024/2025} GRADED A

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Salon Manager

Institution
Salon Manager

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Uploaded on November 1, 2024
Number of pages 30
Written in 2024/2025
Type Exam (elaborations)
Contains Questions & answers

salon manager exam
salon manager exam questions with 100 correct an
salon manager exam questions

Institution Salon Manager
Course Salon Manager

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Salon Manager Exam Questions With 100% Correct
Answers {2024/2025} GRADED A

The best way to handle negotiations for rent and other costs in a
mall/shopping center is to know the __________ very well. - CORRECT
ANSWER Location

The business side of a beauty salon/barber shop was often operated
solely by the ______________. - CORRECT ANSWER Owner

Used equipment sells for _________ to 60% of its original value -
CORRECT ANSWER 25%

A _________ is defined as something furnished on condition of being
returned - CORRECT ANSWER Loan

A ____________________ license can usually be obtained from the
Department of Revenue in the state where the salon and spa is located
- CORRECT ANSWER Sales Tax

_______________ is obtained by your licensed plumbing contractor and
will be added to his construction proposal/bill. - CORRECT ANSWER
Plumbing Permit

The _______________ is the actual price on a unity of merchandise. -
CORRECT ANSWER Each Price

A contract of insurance is an agreement whereby an insurance
company, for a consideration called a _____________, agrees to
compensate the insured for loss or against legal liability. - CORRECT
ANSWER Premium

The _________________ is usually set by manufacturers to promote sales
on a given item. - CORRECT ANSWER Deal Price

,Profit that results from selling stocks, bonds, or real estate at a price
that exceeds the purchase price is known as: - CORRECT ANSWER
Capital Gain

An individual's or business's total income before taking taxes or
deductions is known as: - CORRECT ANSWER Gross Income

This insurance covers the wages of technicians in case of accident
and/or illness. - CORRECT ANSWER Disability

The cost of _______________ is usually about 5% of the gross sales. -
CORRECT ANSWER Utilities

A contractual arrangement between two parties where the landlord
agrees to rent to the tenant for an agreed amount of time is called: -
CORRECT ANSWER Rent agreement

The _______________ is usually applied to items sold at a dealer's show. -
CORRECT ANSWER Show Price

Your ____________________ should run between 5% and 10% of your gross
sales. - CORRECT ANSWER Supply Bill

The positive financial gain, after all expenses have been subtracted,
from an investment or business operation is called: - CORRECT
ANSWER Profit

A form of insurance that provides compensation and medical care for
employees who are injured in the course of employment. - CORRECT
ANSWER Workers Compensation

If you are going to have a candy machine, soda machine, or any other
type of _________________, you may need an additional license. - CORRECT
ANSWER Vending Machine

A tax for Social Security benefits collected under the authority of the
Federal Insurance Contributions Act. - CORRECT ANSWER FICA

, A ______________________ is important because if the zoning is not correct
for that type of business, you may have to make an appeal to have the
zoning law changed. - CORRECT ANSWER Zoning Permit

The last thing you should do before moving into your salon and spa is
to contact your ________________ and police department. - CORRECT
ANSWER Fire Department

A tax that a property owner is required to pay, determined by the value
of the property owned is known as: - CORRECT ANSWER Property
Taxes

In some places, the ___________ and electric companies are combined
and one stop will take care of both. - CORRECT ANSWER Gas

An ________________ can be obtained by your licensed electrical
contractor and will be added to his construction proposal/bill. -
CORRECT ANSWER Electrical Permit

A _________________________ should be located close to the front desk
associate so she or he can offer advise and answer questions. -
CORRECT ANSWER Stand Alone Display

A shopping center environment will include a _________________ known
as triple net charges. - CORRECT ANSWER NNN

_____________________ produces the most light and are the most
inexpensive to operate. - CORRECT ANSWER Florescent Lights

________________________ are basically "all-in-one" stations, designed to
perform both wet and dry services. - CORRECT ANSWER Wet station

Rents are stated as yearly or monthly rates, or as a yearly rate with a
___________________. - CORRECT ANSWER Percentage Clause

________________ is media and content that use a combination of
different content forms. - CORRECT ANSWER Multimedia

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Exam (elaborations) ·

Exam (elaborations)

Salon Manager Exam Questions With 100% Correct Answers {2024/2025} GRADED A

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