Successful Salon & Spa Management CORRECT QUESTIONS & ANSWERS(GRADED A)
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Course
Salon Manager
Institution
Salon Manager
accidental deletion - ANSWER The unintended removal of client information, files, or documents
accountant - ANSWER A person licensed to practice the measurement, disclosure, or provision of assurance about financial statistics and information
additional salary - ANSWER All income given over a...
Successful Salon & Spa Management CORRECT
QUESTIONS & ANSWERS(GRADED A)
accidental deletion - ANSWER The unintended removal of client information, files, or documents
accountant - ANSWER A person licensed to practice the measurement, disclosure, or provision of
assurance about financial statistics and information
additional salary - ANSWER All income given over and above regular salary
administrative staff - ANSWER Persons employed by the business owner who are hired to conduct daily
business operations, such as a manager or front desk associate.
assistant - ANSWER Within the beauty industry, a person who aids and supports beauty technicians; a
technician in training.
bankruptcy - ANSWER When an individual or company has been declared, by law, to be unable to pay its
debts to creditors or individuals.
bookkeeper - ANSWER A person who records the financial transactions of a person or business, including
sales, purchases, income, and payments.
bookkeeping system - ANSWER the process that a bookkeeper uses to record the financial transactions
of an individual or business.
booth rental - ANSWER System in which a renter leases space, or a "booth," within a salon and spa. The
renter then uses the space to operate his or her own business for personal financial benefit, rather than
for the success of the overall salon and spa.
branding - ANSWER A sign, name, or symbol used to identify a business, service, or specific product.
, capital gain - ANSWER Profit that results from selling stocks, bonds, or real estate at a price that exceeds
the purchase price. The result is a financial gain for the investor.
capital investment - ANSWER Money that is invested in the business with the expectation of income, and
recovered through earnings generated by the business over several years.
CEU credit - ANSWER Continuing-education classes to keep a professional license.
collateral - ANSWER Security pledged for the payment of a loan.
commission - ANSWER Revenue derived from services provided, paid to the technician performing those
services.
computer crash - ANSWER A condition where a program closes abnormally after encountering an error.
Often, the computer program may simply appear to "freeze." If this program is a critical part of the
operating system kernel, the computer may turn itself off.
computer system - ANSWER A programmable machine that receives input, stores and manipulates
data/information, and provides output in a useful format.
corporation - ANSWER An institution that is granted a charter recognizing it as a separate legal entity
having its own privileges, and liabilities distinct from those of its members.
cosmetology - ANSWER The study and application of beauty treatment. Branches of specialty including
hairstyling, skin care, cosmetics, and manicures/pedicures.
cost of goods sold - ANSWER The inventory costs of those goods the business has sold during a particular
period of time.
creditworthiness - ANSWER A creditor's measure of an individual's or company's ability to meet debt
obligations.
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