Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
50 Cards in this Set
- Front
- Back
Examples of self employment in the barbering profession include all of the following except |
Salaried employee |
|
Business ownership involves all of the following except |
Short hours |
|
Business operating experience also known as |
Overhead |
|
Barbering shop management is primarily associated with the production daily operations and |
Overseas shop personnel |
|
Characteristics of sole proprietor ownership include all of the following except |
Limited ownership liability |
|
Characteristics of a partnership Arrangement include all of the following except |
One decision maker |
|
When three or more individuals own a business and alternative to a partnership is |
Corporation |
|
A business structure in which stockholders are not legally responsible for losses is |
Corporation |
|
The business structure that combines the best aspects of a partnership and a corporation for a single individual or group of owners is |
Limited liability company |
|
One advantage of a subchapter S corporation has over a limited liability company is that |
Taxes are paid only on employee owner salaries |
|
A franchise ownership May utilize |
Name recognition and expertise and and knowledge and existing business system |
|
Worker classifications determine the party or entity that has the responsibility to |
Pay federal taxes |
|
Where the classifications in the barbershop include all of the following except |
Freelance worker |
|
Can a commission compensation structure the employer pays the barber a percentage of the |
Gross income of the barber |
|
Employers are required by law to |
Withhold Social Security taxes and provide W-2 forms at the end of tax year |
|
Independent contractors and both printers are required to have all of the following except |
Contracts with their clients |
|
IRS tax designation as a booth renter include all of the following except |
Independent contractor |
|
Before a business has purchased it should be cleared of any ownership allegations or |
Financial obligations |
|
A purchase agreement should include all the following except |
A property lien |
|
When planning to open a barbershop the most important consideration is the selection of |
A location |
|
A good location for a barber shop is near |
Heather active businesses and walking by traffic and driving by traffic |
|
A written description of the proposed business is called |
Business plan |
|
For the new business should be sufficient to cover expenses for at least |
1 year |
|
The number one reason that businesses fail is due to |
Undercapitalization |
|
Local regulations may include all of the following except |
Workers compensation |
|
State laws govern all of the following except |
Local zoning laws |
|
Federal laws govern all of the following except |
Local zoning laws |
|
Malpractice premises liability and fire refer to types of |
Insurance |
|
A floor plan formalized the barbershop |
Layout |
|
Activities that attract attention to the barbershop are considered to be forms of |
Advertising and marketing |
|
A document that protects a tenant from unexpected increases in rent is called a |
Lease |
|
Business success depends on how effective efficient management and all of the following except |
Non competitive pricing |
|
Some contributing causes to business failure include all of the following except |
Ideal location |
|
Rent utilities salaries advertising supplies equipment and repairs are classified as |
Expenses and overheads and operating costs |
|
To maintain accurate records that are processed in a timely manner retain the services of a |
Accountant |
|
The difference between total income and total expenses |
Net profit |
|
To keep expenditures on track the business owner should maintain that utilize |
Operating budget |
|
The progress of a business can be evaluated by utilizing the maintaining |
Summary sheets |
|
Daily self slips appointment books and petty cash receipts should be kept for at least |
1 year |
|
Payroll records cancelled checks and monthly yearly records are usually held for |
7 years |
|
When interviewing a prospective employee the owner should consider all of the following except |
Ethnicity |
|
Managing employees effectively should include all of the following except |
Ignoring the rules |
|
Financial transactions with clients may be handled at the |
Reception desk |
|
Channeling services on the appointment page are sold in terms of |
Time |
|
A significant amount of Barber Shop business is handled |
Over the telephone |
|
A good telephone responsibility includes all of the following characteristics except |
A monotone monotone voice |
|
Responding to customer complaints must not be handled with |
Impatience |
|
Successful selling in the barbershop requires a clear understanding of |
The client's needs and desires and knowledge of service and Retail product knowledge |
|
Characteristics of an effective selling approach should include all of the following except |
High pressure |
|
Clients usually consider the barber to be an expert in |
Good grooming |