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103E Business Basics Flashcards | StudBud
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103E Business Basics
103E Business Basics
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Lesson Challenge questions from sections 103E.4-7
Flashcards
40 cards
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Practice quiz
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Host live
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Questions
40
Answers
1
Which form of advertising involves sending out flyers or postcards?
TV and radio advertising
Direct mail advertising
Word-of-mouth advertising
Involvement in community events
2
renting or leasing a workstation from a building owner would represent which of the following
sole proprietorship
independent contractor
partnership
corporation
3
Which of the following is the easiest buyer motivation to recognize?
like
want
need
dislike
4
Which of the following phrases describes ambiance component of comforts
Soft, relaxing lighting
offering up-to-date magazines
using aromatherapy
Slow, peaceful music
5
Which type of insurance protects the salon/spa owner from financial loss due to employee’s negligence?
Unemployment
Premise
Malpractice
Product liability
6
Features of a product are its characteristics, which might include:
re-conditioning effects
economical purchase
size of container
added shine
7
client’s/esthetician's name, scheduled service, time/date of appointment, &client’s phone# should all B included in
federal income tax form
appointment book
I-9 form
state income tax form
8
When team members have each other's backs, it is an example of a:
positive, cooperative atmosphere
clear, shared vision
learning culture
competitive edge
9
Which of the following concepts creates a harmonious and predictable environment?
ambiance
synergy
personalized approach
chairside manner
10
To be granted future loans, it is important to pay loans on time and avoid...
taxes
default
compensation
insurance
11
Barriers to the effective use of time include all of the following factors EXCEPT:
poor planning
cluttered workspace
good sleep habits
procrastination
12
Which of the following elements could cause staff synergy to go awry?
respectful atmosphere
high staf turnover
effective communication
mutual respect
13
Net worth is calculated by subtracting liabilities from:
student loans
assets
loan balances
charge accounts
14
The salon/spa exterior, decor, music and sounds, and air and ventilation are all components of:
Ambiance
Synergy
Personalized approach
Shared accountability
15
The exchange of services, products or expertise for money is known as:
assessing
recommending
analyzing
selling
16
Before a spa owner can hire employees, they need to apply for a:
Federal Employer Identification Number
driver's license
Social Insurance Number
Social Security card
17
Products purchased by the salon/spa owner for use during client services and for retailing are known as:
commissions
overhead
turns
inventory
18
Procedures in the salon/spa that ensure all products are accounted for is known as:
advertising
inventory control
budgeting
scheduling
19
An agreement on how things are to be done in the salon/spa so things happen in a uniform way is called:
prebooking
treatment
accountability
consistency
20
What percentage of the total salon/spa expenses generally represents compensation for the owner and employees?
45%
25%
75%
10%
21
Type of ownership in which two or more persons share all costs of opening & operating business
franchise
sole proprietorship
partnership
corporation
22
Efficient working space for each esthetician is?
120-150 sq feet
50-75 sq feet
200-300 sq feet
over 300 sq feet
23
The following descriptions are all benefits of a product EXCEPT:
size of container
perfect for traveling
economical purchase
renewing effect
24
Which type of buyer wants to know all of the facts about a product.
stubborn buyer
logical buyer
ready buyer
bargain buyer
25
Which buyer type wants to save money at all costs
logical
ready
stubborn
bargain
26
Out of the products I showed you today this is one I would recommend not leaving without is an example of:
Link selling
Closing the sale
Retail selling
Cross selling
27
Which of the following business types is owned by the shareholders & formed under legal guidelines
Sole proprietorship
Franchise
Corporation
Partnership
28
Which of the following generations was born between 1980-2000 and is especially brand-loyal?
Gen Z
Baby Boomers
Millennials
Gen X
29
Gowns, towels, linens and furniture fabrics are examples of a salon/spa ambiance component known as:
displays
benefits
touchables
treatments
30
Which of the following statements would offer a solution to procrastination?
saying “Yes” to everyone
making a prioritized to-do list
having a cluttered workspace
getting less sleep
31
Which of the following terms refers to all money owed?
liabilities
assets
net worth
financial status
32
Workers' Compensation Insurance is needed to protect the:
advertisers
salon
employee
inventory
33
All of the following descriptions are general guidelines for establishing prices for services and retail products EXCEPT
develop a salary structure
create a profile of the clientele
compare market pricing
conduct a market survey
34
Susan earns an additional payment based on the number of clients she sees. What type of compensation is Susan receiving?
salary
salary plus commission
commission
workers comp
35
Treating your client like an important, valued individual is known as:
shared accountability
personalized approach
cooperation
staff synergy
36
earning additional payment based on number of clients a salon professional brings to salon is
Salary
Pension
Salary plus commission
Insurance
37
Considering a clients lifestyle diet medical issues and subjective concerns means considering skin therapy from a:
Recommendation approach
Retailing approach
Holistic approach
Identification approach
38
All of the following guidelines are ways to demonstrate your personalized approach EXCEPT:
give guest undivided attention
ensure client comfort
not checking on previous treatment information
remaining positive
39
When organizing stock for a retail display, group products by brand or:
category
size
price
aroma
40
Which of the following is NOT a necessary element for ensuring staff synergy?
Clear,shared vision
With-it-ness
Lack of procedures
Open and clear communication