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Milady Esthetics: Chapter 22 Flashcards | StudBud
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Milady Esthetics: Chapter 22
Milady Esthetics: Chapter 22
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Flashcards
19 cards
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Practice quiz
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Questions
19
Answers
1
Some states require a separate license for...
For booth rentals
Salons and spas
To hire catering
For selling wine and beer
2
What is consumption supplies?
Items that people like to consume.
None of the above
Supplies needed to operate
Are items used to conduct business operations.
3
When operating on a smaller business scale, it is advised to...
Work from home and save money
Rent a booth within an established salon/spa
Buy a salon or spa
Go to the bank and apply for business loan
4
As far as location is concerned, what area is in your best interest for your salon/spa?
An area where there are a lot of wealthy people
An area that has a limited number of similar businesses
An area with other similar businesses
An area outside of a city location
5
The best way for a business owner to protect his/her assets is what kind of ownership?
Having a lawyer
A corporation
Understanding SC/NC ownership law
Having a partnership
6
You should tell your clients to book their next appointment.
False
True
7
Managing day to day operations will also require the ability to solve employee, customer, and..
Human Resource management
Business management problems.
Business plan practices
Employee salary problems
8
What is a partnership?
None of the above
Two or more owners , does not mean equal share.
Three owners or less
Two owners share ownership
9
Trust builds relationships that help you keep clientele.
False
True
10
Which best describes a business plan?
A detailed plan for booth rental
A detailed plan that describes your business and operations
A plan that entails just your financing options
A detailed plan that explains your tax operations
11
Who should you seek advice from when deciding to purchase an established salon?
Another business owner
Professional loan advisor and accountant
Your business partner
An accountant and business lawyer
12
Which of these are Variable Costs?
Salon supplies only
Toilet paper, salon chairs, shampoo
Advertising and Utilities
Utilities, supplies, and advertising
13
Where is the best place to post spa policies?
On the salon wall
On the door
Reception area
Below the reception desk
14
To manage your finances, it is recommended that you know how much you need for how many years?
2 years
10 years
2.5 years
3-5 years
15
An ownership managed by a board of directors who determine policies and make decisions are...
A Business Partnership
LLC
Sole Proprietorship
A Corporation
16
Revenue is income that is generated from..
The business supply and demand
Selling unpopular items
Sales not generated by an on-site employee
Selling services and products
17
Setting clear boundaries, objectives, communicating, and conflict resolve describe are..
Important tools when hiring employees
Keys to a harmonious working relationship
Keys to success
Ways to make people like you
18
Developing a ________ for quality services and fair business practices will help you succeed.
Business plan
Facial mask
Resolution
Reputation
19
Answer calls quietly, and return messages within the week.
False
True
