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