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Chapter 32 Salon Business Flashcards | StudBud
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Chapter 32 Salon Business
Chapter 32 Salon Business
30 terms
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Multiple choice exam
Flashcards
30 cards
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Practice quiz
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Questions
30
Answers
1
Which part of a business plan outlines all the research regarding client target & their needs?
Marketing plan
Organizational plan
Financial documents
Executive summary
2
The first goal of every business should be to ___
compensate employees fairly
upgrade existing equipment
attract new clients
maintain current clients
3
A Known business in which is a known Brand name enters into a relationship with another ____
a corporation
a sole proprietorship
a franchise
a partnership
4
It should always be your top priority to meet which of the following financial obligations?
Rent or mortgage
Payroll
Vendor bills
Utility bills
5
Booking appointments is primarily whose job?
The cosmetologist's
The receptionist's
The client's
the manager's
6
With each call, a gracious, appropriate response will help build ___
teamwork
a quitett atmosphere
the salon's reputation
the salon's energy level
7
If you own the building your salon is in, you don't need which type of insurance?
Liability insurance
Burglary insurance
Malpractice insurance
Renter's insurance
8
For a cosmetologist who has a large, steady clientele should consider ____
A franchise
an S corporation
a limited liability company
booth rental
9
Which of these terms refers to your staff or employees?
Creditors
Clients
Personnel
Constituents
10
Costs to create even a small salon in an existing space can range from ___per square foot.
$30.00 to $80.00
$75.00 to $125.00
$20.00 to $35.00
$5.00 to $15.00
11
Supplies used in the daily business operation are considered ___.
retail supplies
inventory supplies
Consumer supplies
Consumption supplies
12
Which part of a business plan includes owner's resume, financial information & legal contracts?
Executive summary
Financial documents
Salon policies
Supporting documents
13
Smooth business management depends on sufficient investment capital as well as ___
minimal computer skills
Adequate business procedures
personnel with only basic gtraining
excellent customer service delivery
14
Which part of a business plan ensures that clients & employees are treated fairly& consistently
Organizational plan
Salon policies
Financial documents
Executive summary
15
Supplies purchased by a salon that are to be sold to clients are ___.
client supplies
Retail supplies
consumption supplies
inventory supplies
16
When gathering accurate financial information for an existing salon, you should consult with a
interior designer
architect
Attorney
certified public accountant
17
When planning & constructing the physical layout for a salon, the primary concern should be ___
maximum efficiency
salon furniture
Color scheme
salon carpeting
18
Which part of a business plan includes projected financial statements & statement analyses?
Organizational plan
Financial documents
Vision statement
Salon policies
19
Which part of a business plan outlines employees & management levels administratively?
Financial documents
Vision statement
Mission statement
Organizational plan
20
A(n) ____ is an essential set of benchmarks that once achieved, helps you realize your vision.
assignment
result
goal
obligation
21
Human resources does not cover which of the following concerns?
What you can & cannot say when hiring someone
What you must do when firing someone
How you manage your employees
What you should do when you need to increase sales
22
Which of these is considered the very best form of advertising for a salon?
Television ads
Radio spots
Newspaper ads
Satisfied clients
23
Someone who is trained to do everything recording sales, payroll, profit-& loss statement is___
a full-charge bookkeeper
a manager
a financial director
a receptionist
24
Another name for an individual owner who determines policies and is the decision maker.
stockholder
Manager
business partner
sole proprietor
25
Which part of a business plan is a description of the key strategic influences of the business?
Mission statement
Supporting documents
Marketing plan
Vision statement
26
When choosing a location for your business, you should select one that ___.
has limited parking
offers easy access
is secluded
has low traffic
27
Which part of a business plan is a long-term picture of what the business is to become?
Marketing plan
Vision statement
Mission statement
Salon policies
28
Which part of a business plan summarizes your plan & states your objectives?
Salon policies
Executive summary
Financial documents
Supporting documents
29
What is the minimum number of stockholders allowed for a corporation to exist?
Two
Three
Zero
One
30
An agreement to buy an established salon does not typically include which of the following?
A signed statement of inventory & its value
Confirmation of the identity of the owner
A financial audit
An analysis of future maintenance costs