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Duplicate of Salon Business Flashcards | StudBud
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Duplicate of Salon Business
Duplicate of Salon Business
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1
When comparing spa versus esthetician, which of the following responsibilities is assigned to the esthetician
advertise and market treatments/products
personalize the treatments offered
maintain a safe, inviting environment
cross market to existing clientele
2
A type of salon/spa that uses a set business plan provided by a parent company is referred to as a(n)
independent salon/spa
independent contractor
chain salon/spa
med-spas
3
A method of advertising a beauty salon would be to
be established in expensive premises
ensure a good appearance during the treatment
send out direct-mailing
charge low prices for treatments
4
Each partner in a partnership assumes
no liability
unlimited liability
limited liability
no legal responsibility
5
Access to people and resources within the industry that can provide you with career advancecement ops is
client factor
networking
marketing
client referral
6
Beauty salon/spa failures are often the result of management
training
efficiency
cooperation
inexperience
7
Renting or leasing a workstation from a building owner would represent which of the following situations
sole proprietorship
partnership
independent contractor
corporation
8
A document introduces you to the salon/spa and offers a brief summary of why you would like to be employed
resume
cover letter
application
profile
9
The second most costly item in operating a clinic is usually
laundry
rent
supplies
advertising
10
The services of an accountant mainly include
paying the staff
drawing up the balance sheet
warning of possible bankruptcy
keeping the accounting books
11
What kind of insurance protects the salon/spa from financial loss due to an employee's negligence
product liability
malpractice
property insurance
unemployement
12
Which type of insurance protects the salon/spa owner from financial loss due to an employee's negligence
malpractice
unemployment
product liability
premise
13
Which of the following statements describes a value add-on package
a popular service combined with another popular service
a popular service combined with a less popular service
a low cost service combined with another low cost service
a less popular service combined with another less popular service
14
Business comparisons with other years are made possible by an analysis of
the balance sheet
invoices
petty cash
daily sales slips
15
An important part of the salon's business is handled by
messenger
business meetings
telephone
mail
16
The type of ownership that subjects the owner to the most limited personal loss is the
individual proprietorship
partnership
co-ownership
corporation
17
Renting of a space, suite or booth by an individual esthetician on a monthly basis is referred to as a(n)
independent contractor
chain salon/spa
med-spas
independent salon/spa
18
Incorporating is one of the best ways for a business owner to protect
personal assets
unmanageable debts
supply inventory
personal secrets
19
An operation in which an initial purchasse fee + monthly service charge is paid to the parent corporation is called
entity
partnership
corporation
franchise
20
Careless booking appointment methods often contribute to
failure of the business
an untidy salon
wasted products
dissatisfied clients
21
A salon/spa owner should protect himself against unexpected increases in rent by negotiating a(n):
insurance policy
compensation certificate
lease
mortgage
22
Net worth is calculated by subtracting liabilities from
loan balances
charge accounts
student loans
assets
23
A sole proprietorship is a business owned by
one person
a franchise
two or more people
a corporation
24
Compliance with all local, state, and federal rules, regulations and laws in the responsibility of the
salon/spa owner
salon/spa employees
local authorities
former building owner
25
A client retention strategy in which clients reserve a future appts before leaving during their current visit is
upselling
referral
retention
prebooking
26
Business ownership type in which two or more persons share all costs of operating and maintaining the business is a
franchise
partnership
sole proprietorship
corporation
27
A collection of your creative work and documents to show potential clients or employers is known as
reference
portfolio
application
resume
28
Which of the following business types is owned by the shareholders and formed under legal guidelines
corporation
franchise
partnership
sole proprietorship
29
A comparatively inexpensive form of salon advertisement is
magazine advertising
newspaper display advertising
radio advertising
classified advertising
30
Selling additional services to clients beyond what they originally scheduled for a visit is called
client retention
prebooking
promoting referrals
upselling
31
In a well organized salon/spa, the flow of patrons is directed toward the
reception area
shampooing area
powder room
dispensary
32
Options to increase revenue without raising prices include all of the following except
retail
upselling
overcharging
value add-on packages
33
Before buying or selling any beauty salon/spa, it is advisable to consult with a
lawyer
stockholder
manufacturer
patron
34
Which of the following terms refers to all money owed
financial status
net worth
liabilities
assets
35
All payments received from clients for services and home care products purchased is known as
taxes
expenses
compensation
income
36
All of the property you own is called a list of
liabilities
finances
assets
debt
37
A brief written account of personal educational and professional qualifications is known as
cover letter
portfolio
resume
reference
38
Paid holidays, bonuses and insurance are all examples of:
job benefits
job responsibilities
assets
liabilities
39
What kind of insurance is required by federal law for all qualified employers?
malpractice insurance
unemployment insurance
liability insurance
property insurance
40
A rental agreement is known as a
W-2
lease
loan
liability
41
For estheticians just starting out, the most common and immediate source of referrals is
word of mouth recommendations
client profile
promotional literature
target marketing
42
A compensation structure that is used to motivate and increase practitioner productivity is:
commission only
tax-free salaries
salary + commission
regular compensation
43
A form of chain salons that share a national name, consistent image, and business formula throughout are:
privately owned
business salons
large chains
franchise salons
44
A financial advisor who can tell you what a bank is likely to lend you, based on your net worth, is referred to as a(n)
accountant
lawyer
sales consultant
insurance agent
45
A document that gives details of the cost of goods or services received is
an invoice
a statement
a delivery note
a pro-froma invoice
46
Paid holidays, bonuses, and insurance are all examples of
assets
liabilities
job benefits
job responsibilities
47
A method of promoting a salon by free publicity would be
inviting a journalist to the salon
advertising in a local newspaper
delivering door to door leaflets to homes
handing out business cards
48
Building maintainence and renovations are regulated by
state laws
local ordinances
federal laws
interstate regulations
49
Worker's Compensation insurance is needed to protect the
customers
salon/spa
inventory
employee
50
Which of the following items is/are the largest expense in operating a salon/spa
advertisement
salaries or commissions
rent
supplies
51
Identifying types of treatment and competitive pricing is a clientele attraction method known as
public relations
target marketing
community involvement
upselling
52
An excellent location for a beauty salon is near a
laundry facility
restaurant
supermarket
department store