FREE AND STUDY GAMES ABOUT 103 BUSINESS EXAM

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FREE AND STUDY GAMES ABOUT 103 BUSINESS EXAM

QUESTIONS

Actual Qs and Ans Expert-Verified Explanation

This Exam contains:

-Guarantee passing score -107 Questions and Answers -format set of multiple-choice -Expert-Verified Explanation

Question 1: Location is the most important factor in

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opening a salon business Question 2: Which type of insurance protects the salon owner from financial loss due to an employee's negligence

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malpractice Question 3: The salon exterior, decor, music sounds, air and ventilation are all elements of

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ambiance Question 4: Offering an additional hair coloring service to the client who originally scheduled a haircut appointment is an example of

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upselling

Question 5: The type of business ownership in which 2 or more persons share all costs of opening, operating and maintaining the business is a

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partnership

Question 6: Before an interview begins, you might be asked to fill out an

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application Question 7: If all of your appointment times have been scheduled w/ clients for a given day, the term to describe this is a

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full book

Question 8: Which of the following terms refers to all money owed

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liabilities Question 9: Which of the following descriptions is NO a best practice strategy for building a clientele

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client factor Question 10: Which of the following items is reported to the IRS as employee income

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tips received by an employee Question 11: A collection of your creative work and documents to show potential clients or employers is called

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portfolio Question 12: The item that offers an employer a brief summary of why you would like to be employed at the salon and what qualities you would bring to salon is called

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cover letter

Question 13: Which of the following descriptions identifies the meaning of clientele

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persons who make habitual use of the services of another person

Question 14: The following are all benefits of a product EXCEPT

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aromatic ingredients Question 15: Industry statistics indicate that satisfied clients will usually refer how many new clients

Answer:

3

Question 16: I will get a job within the next 60 days is an example of a

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timely goal

Question 17: A realistic goal is one that

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you believe can be accomplished

Question 18: What is the best form of advertising

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word-of-mouth Question 19: The money in your checking and savings accounts, IRAs, stocks and bonds are all considered to be your total

Answer:

assets

Question 20: When handling a phone call, always

Answer:

maintain self control

Question 21: A financial advisor who can tell you what a bank is likely to lend you, based on your net worth, is referred to as an

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accountant Question 22: Which of the following time periods identifies the consideration for a long-range goal

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• years

Question 23: An efficient working space for each salon professional is

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120-150 sq feet

Question 24: A sole proprietorship is a business owned by

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one person Question 25: Which buyer type is open-minded and willing to take a chance on new products without hesitation

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ready Question 26: Which form of advertising involves sending postcards or flyers to prospective clients

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direct mail advertising

Question 27: Features of a product are its characteristics, which might include

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size of container Question 28: Net worth is calculated by subtracting liabilities from which of the following

Answer:

assets