The Salon Business Flashcards

1
Q

Typically, salon owners continue to do what while they manage their business?

A

continue to work on hair

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2
Q

A business plan is more of an agreement with yourself, and it is

A

not legally binding.

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3
Q

A long-term picture of what the business is to become and what it will look like when it gets there is part of the what statement.

A

vision statement.

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4
Q

In addition to start-up costs for creating your salon, you’ll need financing for

A

operational expenses.

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5
Q

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

A

primary clientele

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6
Q

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

A

business plan

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7
Q

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

A

OSHA

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8
Q

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

A

sole proprietorship

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9
Q

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

A

capital for investment

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10
Q

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

A

incorporating

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11
Q

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

A

salary

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12
Q

A written agreement with a building owner that outlines the responsibilities for repairs and expenses is a:

A

A written agreement with a building owner that outlines the responsibilities for repairs and expenses is a:

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13
Q

Good business operations require a simple and efficient:

A

record system

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14
Q

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

A

consumption supplies

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15
Q

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

A

maximum efficiency

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16
Q

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

A

meet payroll obligations

17
Q

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

A

receptionist

18
Q

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

A

advertising

19
Q

Money to invest in a business

A

Capital

20
Q

Staff or employees

A

Personnel

21
Q

Information about a specific population

A

Demographics

22
Q

Renting a booth or a station in a salon

A

Chair rental