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Milady Cosmetology Comprehensive Written Exam Practice Questions And Answers
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Milady Cosmetology ComprehensiveWritten Exam Practice Questions And
Answers
Owning - - correct answer ✅Becoming your own boss, you have 2 main
options to consider; ____ your own salon and booth rental.
Booth rental - - correct answer ✅A desirable working situation for
practioners who are 70 percent booked all the time is ___ ___.
Double - - correct answer ✅For booth rental, social security taxes are
___ that of an employee of the salon.
Goal - - correct answer ✅A ___ is a benchmark that, once achieved,
helps you realize your mission and your vision.
Five to ten - - correct answer ✅On a business timeline, expansion of
services and locations would take place in ___ to ___ years.
Location - - correct answer ✅When planning to open a salon, one of
the most important considerations is ___.
Primary - - correct answer ✅When opening a new business, the
location selected should reflect your ____ clientele.
,Milady Cosmetology Comprehensive
Written Exam Practice Questions And
Answers
Easy access - - correct answer ✅When choosing a location for your
business, you should select one that has ___ ___.
Business - - correct answer ✅A written plan that describes a business
and foresees projections for the next 5 years is a ____ plan.
Financing - - correct answer ✅An important first step in seeking ___ to
open a salon is develoing a business plan.
Demographics - - correct answer ✅Information about a specific
population, including age and income is ____.
Five years - - correct answer ✅When opening a salon, your business
plan should include income and expenses for up to ___ ___.
Accountant - - correct answer ✅When preparing your business plan, it
is helpful to consult an ___ to prepare your financial documents.
Licenses - - correct answer ✅Prior to opening a business, contact local
authorities regarding business ____.
,Milady Cosmetology Comprehensive
Written Exam Practice Questions And
Answers
OSHA - - correct answer ✅The federal agency that requires that the
ingredients of cosmetic preparations be available to employees is ____
Owner - - correct answer ✅Malpractice insurance is purchased by you,
the ____.
Lawsuits - - correct answer ✅Insurance policies help protect salon
owners against malpractice ____.
Salon policies - - correct answer ✅Clients and associates will be treated
more fairly and consisently through ____ ____.
Corporation - - correct answer ✅The three types of salon ownership
are individual ownership, partnerships, and ____.
Sole - - correct answer ✅A salon that is owned or operated by an
individual is referred to a ___ proprietorship.
Profits - - correct answer ✅The sole proprietor assumes expenses,
recieves ____, and bears all
, Milady Cosmetology Comprehensive
Written Exam Practice Questions And
Answers
Partnership - - correct answer ✅A business structure where two or
more people share ownership is a ____.
Captial - - correct answer ✅Money to invest in a business is called
____.
Investment - - correct answer ✅One reason for entering into a
partnership is to have more captial for ____.
Corporation - - correct answer ✅The type of ownership in which
stockholdrs share profits is called ____.
Incorporating - - correct answer ✅One of the best ways for a business
owner to protect personal assets is by ____.
Stockholders - - correct answer ✅People or companies who purchase
shares in a company are called ____.
One - - correct answer ✅The minimum number of stockholders
allowed for a corporation to exist is ____.
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