Duplicate of The Skin Care Business

Question 1

One person acts as the only owner and manager of the business

Accepted Answer

sole proprietorship

Question 2

Develop an adversarial relationship with local planning board officials/state licensing agents.

Accepted Answer

false

Question 3

You should keep track of all sales on a daily basis.

Accepted Answer

true

Question 4

How are weekly and monthly financial reports commonly used?

Accepted Answer

to gauge promotional efforts

Question 5

What is an advantage of booth rentals?

Accepted Answer

able to establish your own business with minimal investment

Question 6

All the necessary measures required to lock and secure the premises

Accepted Answer

security checklist

Question 7

Expenses that are constant

Accepted Answer

fixed costs

Question 8

Client who like your service may still seek other salons if they can't park near your business.

Accepted Answer

true

Question 9

Two or more people share ownership of the business

Accepted Answer

partnership

Question 10

Running a successful business requires you to make thoughtful decisions.

Accepted Answer

true

Question 11

Esthetician pays owner of salon a set fee to operate in specific space within the establishment

Accepted Answer

booth rental

Question 12

When choosing location, it is usually best to look for area that has limited number of salons.

Accepted Answer

true

Question 13

NOT a basic business principle you need to be familiar if you decide to ope your own business?

Accepted Answer

equipment repair

Question 14

How far in advance should you confirm appointments?

Accepted Answer

24 to 48 hours

Question 15

What is NOT a benefit to operating a business as a partnership?

Accepted Answer

no liability for the debts of another partner

Question 16

Business that raises investment money by issuing stock certificates or shares

Accepted Answer

corporation

Question 17

Laws governing business operations vary from state to state.

Accepted Answer

true

Question 18

Items available for sale to clients

Accepted Answer

retail supplies

Question 19

What should you do when speaking on the phone?

Accepted Answer

use a pleasant, natural tone of voice

Question 20

What is NOT typically part of a receptionist’s job in a salon?

Accepted Answer

to perform treatments

Question 21

Manual or set of instructions designed to standardize operations

Accepted Answer

procedural guide

Question 22

Insurance should be considered protection against inappropriate conduct.

Accepted Answer

false

Question 23

Efficiently run salons provide employees with clear expectations.

Accepted Answer

true

Question 24

You should never buy any established business because of the risk involved.

Accepted Answer

false

Question 25

What is generally the receptionist’s MAIN job?

Accepted Answer

scheduling appointments

Question 26

This is used to track miscellaneous and cash expenses for tax reporting purposes

Accepted Answer

petty cash notebook

Question 27

Whose guidance should you seek when renting commercial space for the first time?

Accepted Answer

commercial real estate broker

Question 28

Operating your own business will involve many hours of careful planning and preparation.

Accepted Answer

true

Question 29

Money invested in opening a business

Accepted Answer

capital

Question 30

Particular identifying characteristics of an area or population

Accepted Answer

demographics

Question 31

What should the ambiance of the reception area be?

Accepted Answer

calm and organized

Question 32

Before you can determine a price for goods and services, you need to understand their value.

Accepted Answer

true

Question 33

Items used to conduct business operations on a daily basis

Accepted Answer

consumption supplies

Question 34

As an owner, you must make certain that all personnel practice within their scope of practice

Accepted Answer

true

Question 35

Expenses that can fluctuate

Accepted Answer

variable costs

Question 36

Restricting the use of cell phones in the salon is beneficial for clients and service providers

Accepted Answer

true

Question 37

Management skills cannot be learned; you are either born with them or you are not.

Accepted Answer

false

Question 38

NOT one of the costs you will typically need to identify when developing your business plan?

Accepted Answer

expansion costs

Question 39

Keeping accurate records isn't important, your attorney/accountant can figure everything out

Accepted Answer

false

Question 40

Guards business against unforeseen events

Accepted Answer

insurance

Question 41

Using the Internet effectively to schedule appointments and make purchases online

Accepted Answer

e-commerce

Question 42

Group of people that you hope to attract as clients

Accepted Answer

target market

Question 43

Employees; staff

Accepted Answer

personnel

Question 44

What is NOT important to keeping a business running smoothly?

Accepted Answer

maintaining an antagonist relationship with employees

Question 45

Analyzing sales/services give useful info for tracking customer trend/performing marketing task

Accepted Answer

true

Question 46

What should you look for when selecting a location for your business?

Accepted Answer

location that is easy to get to

Question 47

With the advent of Internet/texting, the telephone no longer plays a role in salon operation

Accepted Answer

false

Question 48

Important factor to consider when purchasing furniture, equipment, and fixtures for your salon?

Accepted Answer

durability

Question 49

Client relations only encompass the interactions clients have with the esthetician.

Accepted Answer

false

Question 50

A corporation must have at least two stockholders.

Accepted Answer

false

Question 51

Planning and developing of relationships to achieve a certain desired behavior

Accepted Answer

public relations

Question 52

Someone who is trained in financial record-keeping and follows proper standards

Accepted Answer

bookkeeper

Question 53

What helps to encourage good employee relations?

Accepted Answer

Start new employee relationship with the proper orientation

Question 54

It should be standard practice to leave the responsibility of rebooking appointments to clients

Accepted Answer

false

Question 55

Basic business tool that provides strategy for understanding key element in developing business

Accepted Answer

business plan

Duplicate of The Skin Care Business

Questions 55

Duplicate of The Skin Care Business

Questions 55