The FEDS
Run Your Business,
Not Your Mouth
Show Me The Paper
Get Your $$$
Ace Your Exams
100

How does the IRS categorize independent contractors and booth renters?

Self employed workers

100

Malpractice, property liability, and fire are types of ____

Insurance

100

A ___ plan is a written description of the proposed business.

Business Plan

100

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. 

100

Describe "deductive reasoning."

the process of reaching logical conclusions by employing logical reasoning

200

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

200

Characteristics of a partnership arrangement. Name three

More capital available, shared losses & gains, and combined abilities

200

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

200

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

200

Two factors that will affect how well you perform during your exams? 

Physical and Psychological state

300

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

300

Characteristics of individual ownership. Name three (100 points each)

Owner makes all decisions, owner receives all profits, and owner is the boss

300

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

300

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

300

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

400

What four questions are illegal for interviewers to ask you? (100 points each)

DOUBLE JEOPARDY: Rephrase each to make it LEGAL

1) How old are you?

2) Are you a U.S. citizen?

3) What is your native language?

4) Asking about medical history

400

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

400

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

400

Encouraging a client who is booked for a facial to also receive a pedicure or manicure is called...

Cross Promoting

400

Describe being "test wise."

having an understanding of strategies for successfully taking tests
500

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)

500

Three benefits of keeping purchase and inventory records

1) Preventing overstocking supplies

2) Alerting to incidents of theft

3) Establishing net worth

500

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"

500

a set of benchmarks that, once achieved, help you to realize your mission and your vision

Goals

500

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

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