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WorksheetsCh. 32 The Salon Business
Total questions: 25
Worksheet time: 13mins
Supplies that are used and replaced in the daily business operation are ________.
retail products
purchased from a specific supplier
consumption supplies
included in retail inventory
What should be the main concern when planning and constructing the physical layout of a salon?
Maximum efficiency
Aesthetic appeal
Color Schemes
Expected depreciation
During which period of your business timeline should you focus on tending to the business, its clientele, and its employees to grow and expand the business so that it is profitable?
From years two to five
From years five to ten
From years 11 to 20
From years 20 onward
During which period of your business timeline should you focus on adding more locations, expanding the scope of the business (for example, adding spa services), or constructing a larger space?
From years two to five
From years five to ten
From years 11 to 20
From years 20 onward
During which period of your business timeline might you move from being a working cosmetologist into a full-time manager of the overall business and to begin planning for your eventual retirement?
From years two to five
From years five to ten
From years 11 to 20
From years 20 onward
When opening a new business, the location selected should reflect your _____.
primary clientele
personal preferences
commute time
future goals
What is a written plan that describes a business and foresees projections for the next five years?
Personal budget
Employee report
Business plan
Demographic analysis
What federal agency requires that the ingredients of cosmetic preparations be available to employees?
FDA
MSDS
FBI
OSHA
Information about the ingredients in cosmetic preparations and other products are included in a(n) _____.
DoL
OSHA
SDS
FDA
A salon that is owned and operated by an individual is referred to as a(n) _____.
booth rental
chain salon
individual ownership
partnership
An individual who determines policies, has the last say in decision making, assumes expenses, receives profits, and bears all losses is the _____.
sole proprietor
partner
corporate proprietor
stockholder
One reason for entering into a partnership agreement is to have _____.
more clients
consolidated debt
capital for investment
many stockholders
What is one of the best ways for a business owner to protect personal assets?
Investing capital
Selling shares
Incorporating
Sharing responsibilities
Which business structure saves you money in taxes, provides greater business flexibility, and makes raising capital easier?
Sole proprietorship
Partnership
Corporation
Conglomerate
A stockholder of a corporation is required to pay unemployment insurance taxes on his/her _____.
investments
merchandise
salary
profits
Which section of a business plan includes a long-term picture of what the business is to become and what it will look like when it gets there?
Mission statement
Vision statement
Goals and objectives
Organizational plan
Which section of the business plan provides a description of the key strategic influences of the business, such as the market it will serve, the kinds of services it will offer, and the quality of those services?
Mission statement
Vision statement
Goals and objectives
Organizational plan
Which section of the business plan describes the administrative structure of the business?
Mission statement
Vision statement
Goals and objectives
Organizational plan
What is a written agreement with a building owner that outlines the responsibilities for repairs and expenses?
Business sale
Non-compete agreement
Business plan
Lease
Good business operations require a simple and efficient _____.
record system
price list
social network
reception area
In order to have a successful business, a top priority in the allotment of funds is to _____.
develop an image
interview potential employees
meet payroll obligations
keep accurate inventory
The important job of booking appointments and greeting clients is generally the responsibility of the _____.
manager
trainer
practitioner
receptionist
The first and last person who has contact with a client visiting the salon is typically the _____.
cleaner
stylist
manager
receptionist
Which promotion method is an example of social media?
Bulletin boards at community centers
Photo sharing sites such as Instagram
Advertising supplements in local papers
Distributing flyers at events such as bridal shows
Newspaper or radio ads and charitable events can best be described as forms of _____.
branding
upselling
advertising
educating
