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Business 103.01-103.10 Flashcards | StudBud
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Business 103.01-103.10
Business 103.01-103.10
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1
The salon exterior, decor, music and sounds, and air and ventilation are all elements of
with it ness
ambiance
personlized approach
synergy
2
Procedures in the salon that ensure all products are accounted for is known as
budgeting
scheduling
inventory control
advertising
3
Successful salons have staff members who effectively recommend their services and retail by doing the following except
listening to clients
offering sound advice
make negative comments
communicate professionally
4
Industry statistics indicate that satisfied clients will usually refer how many new clients
12
8
1
3
5
The type of insurance that helps cover the costs of any salon equipment or location in case of fire or theft is what?
health insurance
liability insurance
malpractice insurance
property insurance
6
Which type of buyer puts up a struggle and has a strong desire to debate with you
ready
stubborn
logical
bargain
7
Compliance with all local, state, and federal rules, regulations and laws is the responsibility of the
local authorities
salon owner
former building owner
salon employees
8
The renting of a space, suite or booth by an individual salon professional on a montley basis is referred to as
chain salon
independent salon
full service salon
independent contractor
9
Before an interview begins, you might be asked to fill out
resume
portfolio
cover letter
application
10
Which buyer type is open-minded and willing to take a chance on new products without hesitation
ready
stubborn
logical
bargain
11
A collection of your creative work documents to show potential clients or employers is called a
networking
linkedin
cover letter
portfolio
12
Workers Compensation Insurance is needed to protect the
advertiser
salon
employee
inventory
13
What is the strategy that practices clients booking appointments prior to leaving the salon?
upselling
prebooking
work of mouth
balancing
14
All payments received from clients for service and home care products purchased is known as
incone
comensation
taxes
expenses
15
Which one of the following items is usually the largest expense in operating a salon
salaries or commission
rent
supplies
advertisment
16
Net worth is calculated by subtracting liabilities from
charge accounts
student loans
loan balance
assets
17
Which of the following descriptions is NOT a best practice strategy for building a clientele
upselling
client factor
referral
prebooking
18
Which of the following business types is owned by the shareholders and formed under legal guidelines
franchise
partnership
sole proprietorship
corporation
19
A form of operation where an intitial purchase fee plus a monthly service charge is paid to the parent corporations is?
corporation
partnership
franchise
entity
20
Pareto's principle is called the
50/50 rule
90/10 rule
80/20 rule
60/40 rule
21
Which type of insurance protects the salon owner from financial loss due to an employees negligence
product liability
premise
social security
malpractice
22
The ideal salon arrangment has an efficient traffic pattern providing
the least steps for the client and salon professional to travel
80 square feet per salon professional
a remote reception area
the most steps for the client and salon pro to travel
23
During a job interview it is very important to
tell the interviewer what they want to hear
streatch the truth if necessary
tell a lot of stories
stay calm and be yourself
24
In many cases, the first person to greet a client as they arrive is the
owner
distributor
manager
receptionist
25
To be granted future loans, it is important to pay loans on time and avoid
taxes
default
compensation
insurance
26
Beverages, food, magazines, and umbrella stands in the salon are examples of
decor
comforts
touchables
aromatherapy
27
Which buyer wants to know all of the facts, thinks carefully, without regard of who likes or dislikes the product
stubborn
logical
bargain
ready
28
The emotional buyer bases his or her purchases on
being a new product
personal reasons
facts
price
29
An operating agreement in which you function under a parent corp. in exhange for promos, ads, and management is called
partnership
franchise
corporation
sole proprietorship
30
When staff members take individual initiative to stay on top of things and pay attention to detail this is an example of
cooperation
confict management
problem solving
with-it-ness
31
What is the best form of advertising
billboards
pamphlets
television
word of mouth
32
For salon professionals just starting out, the most common and immediate source of referrals is
client profile
work of mouth recommendations
target marketing
promo literature
33
The act of highly satisfied client directing another person to see you is called
upsell
referral
client factor
prebook
34
Offering an additional hair coloring service to the client who was schedule for a cut is an example of
balancing
upselling
target marketing
full book
35
What percentage of the total expenses generally represents compensation for the salon owner and employee
0.1
0.75
0.25
0.5
36
A realistic goal is one that
contains concrete benchmarks
you believe can be accomplished
states exactly what you want to accomplish
sets a deadline for achieving a goal
37
A set income given to an employee on a weekly or monthly basis is known as
booth rent
stock
commission
salary
38
Renting or leasing a workstation from a building owner would represent which of the following situations
independent contractor
partnership
sole proprietorship
corporation
39
Location is the most important factor in
choosing a lawyer
choosing a distrubuter
opening a salon business
choosing a salon
40
When handling a phone call, always
speak louder than normal
promote salon discounts
match the client's anger
maintain self control
41
Which of the statements below represents a specific goal?
I will get a job
I will most likely get a job somewhere close to home
I will get an entry-level position in a reputable salon after graduation
I will very easily get a job
42
It is wise to keep all records of daily sales and services for
5-7 years
10 years
6-14 years
2-4 years
43
Which of these descriptions is NOT a guideline to be used when creating a resume?
write the resume in a brief and concise manner
show prior emplyment
provide at least eight pages of info
list awards
44
I will get a job within the next 60 days is an example of a
measurable goal
achievable goal
timely goal
realistic goal
45
A rental agreement is known as a
lease
loan
W-2
waiver
46
Which of the following characteristics will contribute to career success
avoding criticism
avoiding change and acceptance
living in the past
respecting knowledge of others
47
All of the following actions describe how to create a plan to achieve your goals except....
avoid alternate plans
consider your budget
be specific
include alternate plans
48
Which of the following items is reported to the IRS as employee income
operating expenses paid by the salon
change given to a client following payment
tips received by an employee
money paid to vendors for products
49
Which of the following is NOT a necessary element for ensuring staff energy
open and clear communication
with it ness
lack of procedures
clear, shared vision
50
All of the following descritpions apply to an independant salon except
may offer from 5-40 workstations
owner makes all the decisions in terms of decor
uses a set business plan provided by a parent company
ownder makes all the decisions in terms of pricing and services
51
When handling a client complaint you can turn a negative experience into a positive one by
ignoring any signs that the client might be disappointed
restating back to the client what you heard
not asking any additional questions to clarify concerns
avoiding any feedback the client might have
52
According to statistics, how often does the average loyal client visit a salon
every 2 weeks
every 3 months
every 6 weeks
twice per year
53
Which buyer type wants to save money at all costs and is not as interested in quality but price
bargain
ready
logical
stubborn
54
Which method is probably the most effective way to build your clientele
referrals
prebooking
providing exceptional service
word of mouth recommendations
55
Networking provides all the of following benefits except
contacts create difficult situations that turn into real problems
provides a good way to learn ab out trends in the industry
leads to lifelong friendships
gives access to people and resources within the industry
56
The item that offers an employer a brief summary of what qualities you would bring to the salon is called
cover letter
profile
resume
application
57
If you are going to be absent or have vacation time, you would take all of the following steps except
prebook your client
avoid telling the clients
notify your client
reschedule your clients with another stylist
58
Which of the following terms defines a specific target or benchmark of achievment taht can be attained with a timeframe
schedule
milestone
goal
budget
59
Measurable goals will help you get organized and
track your progress
believe in what you can do
force you to stretch
stick with the status quo
60
Which of the following statements describes what you should do if you are asked a question that seems discriminatory
remain defiantly silent
politely decline to answer
answer the question truthfully
give a false answer
61
The salon professionals name, clients name, scheduled services, date and clients number should all be included in the
state income tax form
I-9 form
federal income tax form
appointment book
62
Of the items listed below which one is NOT considered a benefit
sick days
salary
paid vacation
paid holidays
63
The money in your checking and savings accounts, IRAs, stocks and bonds are all considered to be your total
liabilities
debt
fortune
assets
64
Dependability as a work principle can be described as
showing up on time and ready to work
showing that you love what you do
getting along with co workers
not waiting to be told to do something
65
A sole proprietorship is a business owned by
a franchise
a corporation
one person
2 or more people