Salon Management Question with correct Answers
2024
The _________________ is usually set by manufacturers to promote sales on a given item.
Deal Price
Profit that results from selling stocks, bonds, or real estate at a price that exceeds the
purchase price is known as:
Capital Gain
An individual's or business's total income before taking taxes or deductions is known as:
Gross Income
This insurance covers the wages of technicians in case of accident and/or illness.
Disability
The cost of _______________ is usually about 5% of the gross sales.
Utilities
,A contractual arrangement between two parties where the landlord agrees to rent to the
tenant for an agreed amount of time is called:
Rent agreement
The _______________ is usually applied to items sold at a dealer's show.
Show Price
Your ____________________ should run between 5% and 10% of your gross sales.
Supply Bill
The positive financial gain, after all expenses have been subtracted, from an investment or
business operation is called:
Profit
A form of insurance that provides compensation and medical care for employees who are
injured in the course of employment.
Workers Compensation
If you are going to have a candy machine, soda machine, or any other type of
_________________, you may need an additional license.
Vending Machine
, A tax for Social Security benefits collected under the authority of the Federal Insurance
Contributions Act.
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.
Zoning Permit
The last thing you should do before moving into your salon and spa is to contact your
________________ and police department.
Fire Department
A tax that a property owner is required to pay, determined by the value of the property
owned is known as:
Property Taxes
In some places, the ___________ and electric companies are combined and one stop will take
care of both.
Gas
An ________________ can be obtained by your licensed electrical contractor and will be
added to his construction proposal/bill.
Electrical Permit
2024
The _________________ is usually set by manufacturers to promote sales on a given item.
Deal Price
Profit that results from selling stocks, bonds, or real estate at a price that exceeds the
purchase price is known as:
Capital Gain
An individual's or business's total income before taking taxes or deductions is known as:
Gross Income
This insurance covers the wages of technicians in case of accident and/or illness.
Disability
The cost of _______________ is usually about 5% of the gross sales.
Utilities
,A contractual arrangement between two parties where the landlord agrees to rent to the
tenant for an agreed amount of time is called:
Rent agreement
The _______________ is usually applied to items sold at a dealer's show.
Show Price
Your ____________________ should run between 5% and 10% of your gross sales.
Supply Bill
The positive financial gain, after all expenses have been subtracted, from an investment or
business operation is called:
Profit
A form of insurance that provides compensation and medical care for employees who are
injured in the course of employment.
Workers Compensation
If you are going to have a candy machine, soda machine, or any other type of
_________________, you may need an additional license.
Vending Machine
, A tax for Social Security benefits collected under the authority of the Federal Insurance
Contributions Act.
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.
Zoning Permit
The last thing you should do before moving into your salon and spa is to contact your
________________ and police department.
Fire Department
A tax that a property owner is required to pay, determined by the value of the property
owned is known as:
Property Taxes
In some places, the ___________ and electric companies are combined and one stop will take
care of both.
Gas
An ________________ can be obtained by your licensed electrical contractor and will be
added to his construction proposal/bill.
Electrical Permit
