The FEDS
How does the IRS categorize independent contractors and booth renters?
Self employed workers
Malpractice, property liability, and fire are types of ____
Insurance
A ___ plan is a written description of the proposed business.
Business Plan
Describe what a job description is.
DOUBLE JEOPARDY: When and why should you request it?
Job description: document that outlines all the duties and responsibilities of a particular position
During the job interview
you will be expected to behave appropriately, perform services asked of you, and conduct your business professionally. To do this to the best of your abilities, you should be given a job description.
Describe "deductive reasoning."
the process of reaching logical conclusions by employing logical reasoning
What is called when you do not pay back your loans?
EXTRA POINTS: What will happen if you pay the student loans? (Name three for 100 points each)
Defaulting
face legal action, defaulting, and harm to personal credit
Characteristics of a partnership arrangement. Name three
More capital available, shared losses & gains, and combined abilities
A picture of the long-term goals for the business, what it is to become and what it will look like when it gets there
Vision Statement
When is the best time to think about getting your clients to rebook for another service?
immediately after their current service and before they leave you
Two factors that will affect how well you perform during your exams?
Physical and Psychological state
What is required by the government when keeping records of an employee? Name three for 100 points each
Salary, Length of Employment, and Social Security Number
Characteristics of individual ownership. Name three (100 points each)
Owner makes all decisions, owner receives all profits, and owner is the boss
documents that govern the opening of a business, including leases, vendor contracts, employee contracts, and more; all of which detail, usually for legal purposes, who does what and what is given in return
Written Agreements
What are customers who are loyal to a particular beauty professional?
DOUBLE JEOPARY: What factor of your business is MOST dependent on this?
Client Base
DOUBLE JEOPARDY: increasing your prices
List at least 3 test taking strategies for DURING the exam?
The list is endless, but make it make sense. Your textbook lists 13 strategies... memorize those
What four questions are illegal for interviewers to ask you? (100 points each)
DOUBLE JEOPARDY: Rephrase each to make it LEGAL
2) Are you a U.S. citizen?
3) What is your native language?
4) Asking about medical history
There are two types of supplies. Name with a description of each
1) Consumption: supplies used by the business in daily operations
2) Retail (or inventory): supplies sold to clients
List at least 4 components of a business plan.
DOUBLE JEOPARDY: List the other 4 components
(1) Executive Summary, (2) Vision Statement, (3) Mission Statement, (4) Organizational Plan, (5) Marketing Plan, (6) Financial Documents, (7)Supporting Documents, and (8) Business Policies
Encouraging a client who is booked for a facial to also receive a pedicure or manicure is called...
Cross Promoting
Describe being "test wise."
All employers must be familiar with various civil rights laws which pertains to hiring and firing as well as business design for accessibility. Name the two
Equal Employment Opportunity Commission (EEOC)
Americans with Disabilities Act (ADA)
Three benefits of keeping purchase and inventory records
1) Preventing overstocking supplies
2) Alerting to incidents of theft
3) Establishing net worth
List five characteristics on a resume (100 points each)
1) contact information
2) education background
3) relevant work experience
4) professional skills and accomplishments
5) "references available upon request"
a set of benchmarks that, once achieved, help you to realize your mission and your vision
Goals
Name 5 necessary steps to take to be properly prepared when arriving for your state board exams. (100 points each and go by the textbook)
1) Arrive early (30mins)
2) Be in proper uniform
3) Have necessary documents
4) Have required supplies
5) Positive, ready attitude