Ch. 32 The Salon Business

Question 1

Renting a booth or a station in a salon?

Answer 1

Chair Rental

Question 2

Information about a specific population:

Answer 2

Demographics

Question 3

Staff or Employees:

Answer 3

Retailing

Question 4

Money to invest in a business:

Answer 4

Capital

Question 5

Newspaper or radio ads and charitable events are all forms of:

Answer 5

Advertising

Question 6

The important job of booking appointments and greeting clients is generally the responsibility of the:

Answer 6

Receptionist

Question 7

In order to have a successful business, a top priority in the allotment of funds is to:

Answer 7

Meet payroll obligations

Question 8

In planning and constructing the physical layout of a salon, it should be designed for:

Answer 8

Maximum efficiency

Question 9

Supplies that are used and replaced in the daily business operation are identified as:

Answer 9

Consumption Supplies

Question 10

A stockholder of a corporation is required to pay unemployment insurance taxes on:

Answer 10

Salary

Question 11

One of the best ways for a business owner to protect personal assets is:

Answer 11

Incorporating

Question 12

One reason for entering into a partnership agreement is to have:

Answer 12

Capital for Investment

Question 13

A salon that is owned and operated by an individual is referred to as a:

Answer 13

Sole proprietorship

Question 14

The federal agency that requires that the ingredients of cosmetic preparations be available to employees is:

Answer 14

OSHA

Question 15

A written plan that describes a business and foresees projections for the next 5 years is a:

Answer 15

business plan

Question 16

When opening a new business, the locations selected should reflect your:

Answer 16

Primary Clientele

Question 17

Is it true, in addition to start-up costs for creating your salon, you’ll need financing for operational expenses?

Answer 17

Yes

Question 18

Is a long term picture of what the business is to become and what it will look like when it gets there part of the executive summary?

Answer 18

No

Question 19

Is a business plan a legally binding document?

Answer 19

No

Question 20

Do salon owners usually continue to work on hair while they manage their business?

Answer 20

Yes