A long-term picture of what the business will become and what it will look like when it gets there is a:

A _____ is a benchmark that, once achieved, helps you to realize your mission and your vision.

On a business timeline, expansion of services and locations would take place between the _____ years of operation.

A _____ is a written description of your business as you see it today and as you foresee it in the next five years.

The business plan should include projected income and overhead expenses for a period of:

Which agency requires that information about ingredients of cosmetic preparations be available to employees?

The rules and regulations adopted by a salon to ensure that all clients and associates are treated fairly and consistently are called:

The type of owner who assumes expenses, receives profits, and bears all losses of the business is a:

A business structure in which two or more people share ownership is a:

Money to invest in a business is called:

One reason for going into a partnership arrangement is to have:

If you purchase shares in a corporation, you are a:

In what part of a business plan should you state your objectives?

Administrative plans for your business are found in which part of a business plan?

A _____ is someone who is trained to do everything from recording sales and payroll to generating a profit-and-loss statement.

Supplies that are used in the daily business operation are:

Supplies that are purchased to be sold to clients are called:

Records that are used to note client personal and contact information and preferences are called:

The primary concern when planning the physical layout of your salon should be:

It takes most new salons about _____ to begin operating at full capacity.

In the allotment of funds, the top priority should be to meet your _____ obligations.

Which part of a salon is considered the nerve center?

The best form of advertising is:

​Unless you are at least _____ percent booked all the time, it may not be advantageous to rent a booth.

A mission statement does NOT:

​When creating your brand identity, you should ask each of the following questions, EXCEPT:

​In a corporation, you:

​If your company sets up an agreement with Awesome Salon to open your own salon that operates under the Awesome Salon name and logo, your new salon is considered a:

​Which of the following should be included in the Supporting Documents section of a business plan?

​If you choose to buy an established salon, you should seek professional assistance from a(n):

​When drawing up a lease to rent a building for your salon, you should secure all of the following EXCEPT an:

​Smooth business management depends on all of the following factors EXCEPT:

​When interviewing potential employees, you should always look for people who:

When operating your own salon, you should:​

​The key duty of the receptionist is:

When using the telephone, you should NOT:

​When using social media to promote the salon, you should:

How many visits does it typically take for a new client to become a loyal current client?​

You do NOT need which type of insurance for your salon?

When you are purchasing an existing salon and there is a transfer of a mortgage, the _____ should initiate an investigation to determine whether there are defaults in the payments of debts

​Costs to create even a small salon in an existing space can range from _____ per square foot.

When operating a salon, your largest expense each month will be your:

A salon's financial success depends in large part on all of the following EXCEPT:​