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Business 103 (51-113) Flashcards | StudBud
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Business 103 (51-113)
Business 103 (51-113)
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1
Salon professionals name, clients name, scheduled service, date and clients phone number should all be indicated in:
State income form
Appointment book
I-9 form
Federal income tax form
2
The term that offers an employer, a brief summary of what qualities you would bring to the salon is called a(n):
Profile
Cover letter
Application
Resume
3
Which of the following descriptions would be considered a key to successful client relationships?
Don’t explain what you have in mind until you can show the finished look
Ensure client knows you are busy by making them wait at least 15 minutes
Teach the client how to maintain their look at home
Declare that you can make the client look like any photograph they bring in
4
The salon professionals name, scheduled service, clients bame, date and clients phone number should all be included in:
Appointment book
I-9 form
Federal income tax form
State income tax form
5
Which of the following statements describes what you should do if you were asked a question that seems discriminatory?
Politely decline to answer
Answer the question truthfully
Give a false answer
Remain defiantly silent
6
Which of these descriptions is NOT a guideline to be used when creating a résumé?
List awards
Provide at least eight pages of information
Write the résumé in a brief and concise manner
Show prior employment information
7
Which of the following is perhaps the easiest buyer motivation to recognize in the salon?
Need
Want
Dislike
Like
8
Pareto’s principal is called the:
90/10 rule
60/40 rule
50/50 rule
80/20 rule
9
Which of the following concepts involves converting existent clients to return clients?
CRM
Client retention
Client factor
Client profile
10
Which of the following is NOT a necessary element for ensuring staff synergy?
Lack of procedures
Clear, shared vision
With-it-ness
Open and clear communication
11
Which of the following business types is owned by shareholders and formed under legal guidelines?
Franchise
Partnership
Corporation
Sole proprietorship
12
Which type of insurance protects the salon owner from financial loss due to an employee’s negligence?
Social Security
Product liability
Malpractice
Premise
13
The renting of a space, suite, or booth by an individual salon, professional on a monthly basis is referred to as a(n):
Independent salon
Full-service salon
Independent contractor
Chain salon
14
Which method is probably the most effective way to build your clientele?
Providing unexceptional service
Referrals
Word-of-mouth advertising
Pre-booking
15
The most important relationships you form at the beginning of your career are those that develop:
Within your family
Within the salon
In cosmetology school
While networking
16
Which terms defines a specific target or benchmark of achievement that can be attained within a specific timeframe?
Goal
Schedule
Budget
Milestone
17
Type of ownership in which two or more persons share all costs of opening, operating and maintaining the business is:
Corporation
Sole proprietorship
Franchise
Partnership
18
Which of the following items must be reported as employee income?
Change given to a client following payment
Operating expenses paid by the salon
Tips received by an employee
Money payed to vendors for products
19
Insurance that helps cover the cost of any salon equipment or the physical location itself in case of a fire/theft is:
Property insurance
Liability insurance
Malpractice insurance
Health insurance
20
What percentage of the total salon expenses generally represents compensation for the salon owner and employees?
0.5
0.25
0.75
0.1
21
Who must apply for a state sales tax permit before collecting taxes on products or services sold?
Lawyer
Customer
Employee
Salon owner
22
The ideal salon arrangement has an efficient traffic pattern providing:
80 ft.² per salon, professional
The least steps for the client and professional to travel
A remote reception area
The most steps for the client and salon professional to travel
23
Which of the following terms refers to all money owned?
Assets
Net worth
Financial status
Liabilities
24
Which of the following concepts creates a harmonious and predictable environment?
Synergy
Chairside manner
Ambiance
Personalized approach
25
Worker’s Compensation insurance is needed to protect the:
Employee
Advertiser
Salon
Inventory
26
Renting or leasing a workstation from a building owner would represent which of the following situations?
Independent contractor
Sole proprietorship
Partnership
Corporation
27
Which of the following items is reported to the IRS as employee income?
Change given to a client following payment
Tips received by an employee
Money payed to vendors for products
Operating expenses paid by the salon
28
Which of the following action would represent taking the team approach?
Offer guests something to drink while they are waiting
Greet only your clients
Avoid referring your clients to other designers
Do only your work, helping other leads to problems
29
What is considered the best form of advertising?
Word-of-mouth
Pamphlets
Television
Billboards
30
The following are all benefits of a product EXCEPT:
Adds shine
Aromatic ingredients
Economical purchase
Reconditioning effect
31
When handling a phone call, always:
Match the client’s anger
Maintain self control
Promote salon discounts
Speak louder than normal
32
Which of the following characteristics will contribute to career success?
Avoiding criticism
Respecting knowledge of others
Avoiding change and acceptance
Living in the past
33
Placing aromatic soaps and lotions in restrooms is an example of which of the following principles?
Poor client services
Follow the law
Little things make a big difference
Big things make a little difference
34
When staff members take individual initiative to stay on top of things and to pay attention to detail, they are:
Conflict management
Cooperation
With-it-ness
Problem-solving
35
Products purchased by the salon owner for client services and for retailing are known as stock in quality or:
Turns
Inventory
Overhead
Commissions
36
The term given for selling products for a client home care is:
Warehousing
Retailing
Scheduling
Networking
37
Paid holidays, bonuses, and insurance are all examples of:
Job benefits
Job responsibilities
Assets
Liabilities
38
Which buyer type wants to save money at all costs and is not interested in quality of product as price?
Stubborn
Logical
Bargain
Ready
39
What is the best form of advertising?
Billboards
Television
Word-of-mouth
Pamphlets
40
Which buyer type is an open–minded and willing to take a chance on new products without hesitation?
Ready
Logical
Bargain
Stubborn
41
Successful salons are whose staff are effectively recommending their services and quality line of retail by all EXCEPT:
Offering sound advice
Communicating professionally
Listening to clients
Making negative comments
42
Which type of buyer puts up a struggle and has a strong desire to debate with you?
Bargain
Logical
Ready
Stubborn
43
To be granted, future loans, it is important to pay loans on time and avoid:
Taxes
Default
Compensation
Insurance
44
Which of the following items are usually the largest expense in operating a salon?
Advertisement
Rent
Supplies
Salaries or commissions
45
Which of the following time periods identifies the consideration for a long range goal?
5 years
6 months
1 year
3 months
46
Passion as a work principal can be described as:
Showing up on time and ready to work
Getting along with co-workers
Not waiting to be told what to do
Showing that you love what you do
47
Which form of advertising involves sending postcards or flyers to prospective clients?
TV and radio advertising
Direct mail advertising
Involvement in community affairs
Word-of-mouth advertising
48
Buyer that wants to know all product facts & thinks carefully about buying, without much regard for who else likes/uses
Ready
Bargain
Stubborn
Logical
49
The salon, exterior, decor, music and sounds, and air and ventilation are all elements of:
Synergy
Personalized approach
Ambiance
With-it-ness
50
The emotional buyer basis, his or her purchases on:
Facts
Personal reasons
Price
Being a new product
51
The tax based on the profits (earnings) of a business is known as:
Sales tax
Payroll tax
Income tax
Operating tax
52
Offering an additional hair coloring service to a client who originally scheduled a haircut appointment as an example of
Full book
Balancing
Upselling
Target marketing
53
Which of the following descriptions identifies the meaning of clientele?
Persons who do not pre-book appointments following the first visit
Person who lived out of area and visit the salon only once in five years
Person who have never visited the salon and are not likely to visit
Person who make habitual use of the services of another person
54
The money in your checking and savings accounts, IRAs, stocks and bonds are all considered to be your total:
Debt
Fortune
Assets
Liabilities
55
Procedures in the salon that ensure all products are accounted for is known as:
Inventory control
Advertising
Scheduling
Budgeting
56
What is meant by the term consistency?
Things that happen in a sloppy, messy way
Things that happen in a haphazard way
Things that happen in a uniform way
Things happen in a pessimistic, doubtful way way
57
Which statement below represents a specific goal?
I will very easily get a job
I will get a job
I will most likely get a job somewhere close to where I might live
I will get an entry-level position in a reputable salon after graduation
58
The determination on whether a specific product should be continued as a retail item is based on the number of:
Leftovers
Product samples
Turnovers
Retail recommendations
59
U.S. Social Security and Canadian pension taxes are planned savings/retirement funds, and the money is collected by the:
U.S. and Canadian governments
City Council
Country government
State government
60
Turning a $30 ticket into a $40 ticket is an example of:
Upselling
Target marketing
Demographics
Client profile
61
When handling a client complaint you can turn a negative experience into a positive one by:
Avoiding any feedback the client might have
Restating back to the client what you heard
Ignoring any signs that the client might be disappointed
Not asking any additional questions to clarify concerns
62
Which of the following descriptions is NOT a best practice strategy for building a clientele?
Referral
Pre-booking
Client factor
Upselling
63
The act of a highly satisfied client directing another person to see you for professional services is called a(n):
Pre-book
Referral
Client factor
Upsell