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Milady Cosmo Chapter 32 : The Salon Business Flashcards | StudBud
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Milady Cosmo Chapter 32 : The Salon Business
Milady Cosmo Chapter 32 : The Salon Business
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Milady Cosmetology ch 32
Flashcards
25 cards
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Practice quiz
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Questions
25
Answers
1
The first and last person who has contact with a client visiting the salon is typically the?
stylist
receptionist
manager
cleaner
2
Newspaper or radio ads and charitable events can best be described as forms of?
upselling
educating
advertising
branding
3
Which section of a business plan describes a long term picture of the business’s purpose?
Goals and objectives
vision statement
mission statement
Organizational plan
4
Supplies that are used and replaced as part of daily business operation are identified as...
perpetual inventory
inventory records
consumption supplies
expenses
5
A stockholder of a corporation is required to pay unemployment insurance taxes on his/ her?
investments
salary
profits
merchandise
6
Which section of the business plan provides a description of key strategic influences?
vision statement
organizational plan
mission statement
goals and objectives
7
In order to have a successful business, a top priority in the allotment of funds is to...
meet payroll obligations
develop an image
keep accurate inventory
interview potential employees
8
During which period of your business timeline should you focus on adding more locations?
11-20
years 2-5
5-10
20 and up
9
Which business structure saves you money in taxes and provides greater business flexibility?
Conglomerate
corporation
partnership
Sole proprietorship
10
What is a written plan describing a business that foresees projections for the next five years?
business plan
personal budget
demographic analysis
employee report
11
The important job of booking appointments and greeting clients generally falls to the...
receptionist
manager
practitioner
trainer
12
When opening a new business, the location selected should reflect your...
future goals
personal preferences
commute time
primary clientele
13
What is a written agreement with a building owner outlining responsibilities for a tenant?
business sale
business plan
non- compete
lease
14
Good business operations require a simple and efficient...
social network
price list
reception area
record system
15
What is one of the best ways for a business owner to protect personal assets?
investing capital
share responsibilities
selling shares
incorporating
16
During which period of your business timeline should you focus on tending to the business?
11 to 20
20 and up
from years 5 to 10
from years 2 to 5
17
Which promotion method is an example of social media?
advertising supplements in local papers
photo sharing sites such as instagram
disturbing flyers at events such as bridal shows
bulletin boards at community centers
18
One reason for entering into a partnership agreement is to have?
more clients
many stock holders
consolidated debt
capital for investment
19
Which section of the business plan describes the administrative structure of the business?
goals and objectives
organizational plan
vision statement
mission statement
20
Information about ingredients in cosmetic preparations & other products are included on the...
SDS
OSHA
DOL
FDA
21
What federal agency requires that the ingredients of the cosmetic preparations be available?
OSHA
FBI
FDA
MSDS
22
What should be the primary concern when planning/constructing the physical layout of the space?
color schemes
Maximum efficiency
Aesthetic appeal
expected depreciation
23
During which timeline period might you stop doing services and focus on business management?
5-10
11-20
2-5
20 and up
24
An individual who determines policies, has the last say in decision making, etc. is the...
stockholder
sole proprietor
partner
corporate proprietor
25
A salon that is owned and operated by an individual is referred to as a(n)?
partnership
booth rental
chain salon
individual ownership