A Salon Business Quiz

25 Questions | Total Attempts: 729

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A Salon Business Quiz - Quiz

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Questions and Answers
  • 1. 
    When preparing your business plan, it is often helpful to consult with an__to prepare your financial documents.
    • A. 

      Interior designer

    • B. 

      Attorney

    • C. 

      Architect

    • D. 

      Accountant 

  • 2. 
    Another name for an individual owner with complete control of a business is:
    • A. 

      Business partner

    • B. 

      Stockholder

    • C. 

      Sole proprietor

    • D. 

      Manager 

  • 3. 
    Supplies used in the daily business operation are considered:
    • A. 

      Retail supplies

    • B. 

      Consumption supplies

    • C. 

      Consumer supplies

    • D. 

      Inventory supplies

  • 4. 
    Type question here. Example: Practice makes you [Blank]
  • 5. 
    When planning and contructing the best physical layout for a salon, the primary concern should be:
    • A. 

      Color scheme

    • B. 

      Salon furniture

    • C. 

      Salon carpeting

    • D. 

      Maximum efficiency 

  • 6. 
    It should always be your top priority to meet which of these financial obligations?
    • A. 

      Utility bills

    • B. 

      Vendor bills

    • C. 

      Payroll

    • D. 

      Rent or mortgage

  • 7. 
    Which of these is considered the very best form of advertising for a salon?
    • A. 

      Radio spots

    • B. 

      Satisfied clients

    • C. 

      Television ads

    • D. 

      Newspaper ads

  • 8. 
    A(n)__is a benchmark that, once achieved, helps you realize your mission and your vision.
    • A. 

      Assignment

    • B. 

      Result

    • C. 

      Obligation

    • D. 

      Goal

  • 9. 
    When choosing a location for your business, you should select one that:
    • A. 

      Offers easy access

    • B. 

      Has limited parking

    • C. 

      Is secluded

    • D. 

      Has low traffic 

  • 10. 
    What is the maximum number of stockholders allowed for a corporation to exist
    • A. 

      0

    • B. 

      1

    • C. 

      2

    • D. 

      3

  • 11. 
    If you operate your salon in a building that you own, it is recommended that you purchase all BUT which of these types of insurance?
    • A. 

      Liability

    • B. 

      Malpractice

    • C. 

      Renter's

    • D. 

      Burglary

  • 12. 
    Which of these terms refers to your staff or employees?
    • A. 

      Personnel

    • B. 

      Constituents

    • C. 

      Clients

    • D. 

      Creditors

  • 13. 
    Human resources covers all BUT which of the following concerns?
    • A. 

      What you can and cannot say when hiring someone

    • B. 

      What you must do when firing someone

    • C. 

      What you should do when you need to increase sales

    • D. 

      How you manage your employees

  • 14. 
    Booking appointments is primarily whose job?
    • A. 

      The cosmetologist

    • B. 

      The client

    • C. 

      The manager

    • D. 

      The receptionist

  • 15. 
    The first goal of every business should be to:
    • A. 

      Maintain current clients

    • B. 

      Attract new clients

    • C. 

      Compensate employees fairly

    • D. 

      Upgrade existing equipment 

  • 16. 
    Which part of a business plan outlines management levels and describes how the business will be run?
    • A. 

      Financial documents

    • B. 

      Organizational plan

    • C. 

      Vision statement

    • D. 

      Mission statement 

  • 17. 
    Which part of a business plan summarizes your plan and states your objectives?
    • A. 

      Salon policies

    • B. 

      Marketing plan

    • C. 

      Mission statement

    • D. 

      Executive summary 

  • 18. 
    Which part of a business plan includes projected financial statements, actual statements, and financial statement analyses?
    • A. 

      Oranizational plan

    • B. 

      Vision statement

    • C. 

      Financial documents

    • D. 

      Salon policies

  • 19. 
    Which part of a business plan ensures that all clients and employees are treated fairly and consistently?
    • A. 

      Salon policies

    • B. 

      Financial documents

    • C. 

      Executive summary

    • D. 

      Organizational plan

  • 20. 
    Which part of a business plan is a long-term picture of what the business is to become and what it will look like when it gets there?
    • A. 

      Vision statement

    • B. 

      Mission statement

    • C. 

      Salon policies

    • D. 

      Marketing plan

  • 21. 
    Which part of a business plan outlines all of the research obtained regarding the clients your business will target and their needs,wants,and habits?
    • A. 

      Organizational plan

    • B. 

      Financial documents

    • C. 

      Marketing plan

    • D. 

      Executive summary

  • 22. 
    Which part of a business plan includes the owners' resume, personal financial information,legal contracts,and any other agreements?
    • A. 

      Executive summary

    • B. 

      Salon policies

    • C. 

      Financial documents

    • D. 

      Supporting documents 

  • 23. 
    Which part of the business plan is a description of the key strategic influences of the business?
    • A. 

      Vision statement

    • B. 

      Mission statement

    • C. 

      Supporting documents

    • D. 

      Marketing plan

  • 24. 
    An agreement to buy an established salon should include all BUT which of the following?
    • A. 

      An agreement on future maintenance

    • B. 

      Disclosures on the conditions of the facility

    • C. 

      A formal or informal employee agreement

    • D. 

      Confirmation of the identity of the owner 

  • 25. 
    Costs to even a small salon in an existing space can range from ___per square foot.
    • A. 

      $5-$15

    • B. 

      $20-$35

    • C. 

      $30-$80

    • D. 

      $75-$125

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