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Chapter 6 - Cosmetology Salon Business Flashcards | StudBud
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Chapter 6 - Cosmetology Salon Business
Chapter 6 - Cosmetology Salon Business
30 terms
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StudBud Administration
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Chapter 6
Flashcards
30 cards
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Practice quiz
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Host live
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Questions
30
Answers
1
The least important factor in deciding whether to accept a position is?
The location
The success of a salon
The size of the salon
The salary and benefits
2
To be granted future loans, it is important to pay loans on time and avoid?
Default
Compensation
Taxes
Insurance
3
What percentage of the total salon expenses generally represents compensation for the salon owner and employee's?
75%
50%
10%
25%
4
To become an asset to any salon staff, the stylist should do all of the following EXCEPT?
Offer sound advice
Communicate professionally
Make negative comments
Listen to clients
5
Renting or leasing a stylist station from a building owner would represent which of the following situation?
Independent contractor
Sole proprietorship
Corporation
Partnership
6
Compliance with all local, state/providence and federal rules, regulations and laws is the responsibility of the
Former building owner
Salon owner
Stylist
Local authorities
7
The ideal salon arrangement has an efficient traffic pattern providing?
80 sq ft per stylist
The most steps to the client and stylish to travel
The least steps for the client and stylish to travel
Remote reception area
8
The term given for selling products for client home care is?
Networking
Scheduling
Retailing
Warehousing
9
A stylist earning additional payment over and above the normal paycheck would be receiving what type of compensation?
Salary plus commission
Salary
Insurance
Pension
10
An important aspect remember when managing money is to?
Ignore economic conditions
Create a budget
Spy equipment by getting loans
Complete a performance review
11
US Social Security and Canadian Pension taxes are planned savings/retirement funds, and the money is collected by the?
State government
County government
City council
US and Canadian governments
12
The stylist's name, scheduled service, client's name, date and client's phone number should all be included in the?
I-9 form
Federal income tax form
State income tax form
Appointment book
13
The tax based on the profits (earnings) of a business is known as?
Sales tax
Operating tax
Payroll tax
Income tax
14
All the following items should be important requirements in the process of a salon planning EXCEPT?
Cost of necessary improvements
Location
The distance from the social security office
Market need
15
One of the most effective techniques in building a clientele is to?
Run behind to show the salon is busy
Promote services that are available in the salon
Give out business cards to potential clients
Point out weaknesses of other stylist to clients
16
Which of the following terms refers to all money owed?
Assets
Net worth
Financial status
Liabilities
17
Which of the following interview questions is the illegal for employer to ask for the purpose of discrimination?
How would you describe your people skills?
What is your strongest technical area?
How would someone describe your personal characteristics?
When were you born?
18
What does it mean to make a future appointment with a client while still in the salon?
Networking with the client
Pressuring the client
Pre-booking the client
Retailing to the client
19
Which of the following business types is owned by the shareholders and formed under legal guidelines
A partnership
A corporation
A proprietorship
A franchise
20
Which type of insurance protects the salon owner from financial loss due to an employee's negligence?
Premise
Malpractice
Product liability
Social security
21
Which of the following is vital in order to allow close management of products purchased for retailing in the salon?
Inventory control system
Employee compensation
Appointment book
Receptionist
22
Which of the following items must be reported to the IRS as employee income?
Operating expenses paid by the salon
Tips received by an employee
Change given to a client following payment
Money paiy to vendors
23
In many cases, the first person to greet a client is the?
Receptionist
Manager
Stylist
Owner
24
All payments received from clients for services performed and home care products purchased is known as?
Compensation
Income
Expenses
Taxes
25
What is generally considered the best form of advertising?
Pamphlets
Word of mouth
Billboards
Television
26
Which of these descriptions is NOT a guideline to be used when creating a resume?
List awards and special recognition
Show prior employment information
Provide at least eight pages of information
Write the resume in a brief and concise manner
27
Net worth is calculated by subtracting liabilities from which of the following?
Student loans
Loan balances
Assets
Charge accounts
28
What type of business ownership in which two or more persons share all costs of openings operating and maintaining
Corporation
Sole proprietorship
Partnership
Franchise
29
Keep all records of daily sales and services for?
14 to 16 years
5 to 7 years
2 to 4 years
10 to 12 years
30
Which form of advertising involves sending postcards or flyers to potential customers?
TV and radio advertising
Direct mail advertising
Word-of-mouth advertising
Involvement in community affairs