Red Seal Cosmetology Practice Exam

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Prepare for the Red Seal Cosmetology Exam. Utilize flashcards and multiple choice questions with hints and explanations to get exam ready. Start your journey towards certification!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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What is defaulting?

Failing to show up for work
Not paying back your loans
Reneging on a contract agreement
Breaking a business deal

The correct answer is: Not paying back your loans

Defaulting refers to the failure to pay back a loan on time or in full. Options A, C, and D may also involve failing to fulfill an obligation, but they specifically refer to other types of agreements or commitments. Option A is more specific to employment, option C is specific to a legal contract, and option D could encompass a wide range of business-related agreements. However, defaulting specifically refers to not paying back a loan.