A Salon Business Quiz

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| By Megan
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Megan
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Quizzes Created: 19 | Total Attempts: 93,848
Questions: 25 | Attempts: 1,575

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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 

    Correct Answer
    D. Accountant 
    Explanation
    When preparing a business plan, it is often helpful to consult with an accountant to prepare your financial documents. An accountant is a professional who specializes in financial matters and can provide expertise in creating accurate and comprehensive financial statements, projections, and budgets. They can also offer valuable insights and advice on financial strategies, tax planning, and ensuring compliance with accounting standards and regulations. By involving an accountant in the business planning process, you can ensure that your financial documents are accurate, reliable, and aligned with your overall business goals.

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  • 2. 

    Another name for an individual owner with complete control of a business is:

    • A.

      Business partner

    • B.

      Stockholder

    • C.

      Sole proprietor

    • D.

      Manager 

    Correct Answer
    C. Sole proprietor
    Explanation
    A sole proprietor is an individual owner who has complete control of a business. They are solely responsible for the business's operations, decision-making, and finances. Unlike a business partner, a sole proprietor does not have to share ownership or control with anyone else. Similarly, a sole proprietor is different from a stockholder, who owns shares in a corporation but may not have complete control over the business. Finally, a manager is responsible for overseeing the day-to-day operations of a business but does not necessarily have complete ownership or control.

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  • 3. 

    Supplies used in the daily business operation are considered:

    • A.

      Retail supplies

    • B.

      Consumption supplies

    • C.

      Consumer supplies

    • D.

      Inventory supplies

    Correct Answer
    B. Consumption supplies
    Explanation
    Supplies used in the daily business operation are considered consumption supplies because they are used up or consumed in the process. These supplies are not intended for resale or to be held as inventory, but rather to support the day-to-day operations of the business. Examples of consumption supplies may include office stationery, cleaning supplies, or packaging materials.

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  • 4. 

    Type question here. Example: Practice makes you ________

    Correct Answer
    none
  • 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 

    Correct Answer
    D. Maximum efficiency 
    Explanation
    When planning and constructing the best physical layout for a salon, the primary concern should be maximum efficiency. This means organizing the space in a way that allows for smooth workflow and optimal use of resources. While color scheme, salon furniture, and salon carpeting are important considerations, they are secondary to ensuring that the salon operates efficiently and effectively. By prioritizing maximum efficiency, the salon can provide a better experience for both staff and clients, leading to increased productivity and customer satisfaction.

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  • 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

    Correct Answer
    C. Payroll
    Explanation
    Meeting payroll should always be a top priority because it involves paying employees their wages or salaries. Failure to meet this financial obligation can lead to employee dissatisfaction, legal issues, and potential damage to the company's reputation. Additionally, not meeting payroll can result in employees leaving the company, which can disrupt operations and hinder business growth. Therefore, ensuring that employees are paid on time is crucial for maintaining a motivated and productive workforce.

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  • 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

    Correct Answer
    B. Satisfied clients
    Explanation
    Satisfied clients are considered the very best form of advertising for a salon because they act as brand ambassadors and provide positive word-of-mouth recommendations. When clients are happy with their salon experience, they are more likely to share their satisfaction with friends, family, and colleagues, which can generate new business and build a strong reputation for the salon. This form of advertising is highly effective as it is based on personal experiences and trust, making it more persuasive than traditional advertising methods such as radio spots, television ads, or newspaper ads.

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  • 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

    Correct Answer
    D. Goal
    Explanation
    A goal is a benchmark that helps you realize your mission and vision because it provides a clear target or objective to work towards. Goals act as a guide, giving direction and purpose to one's actions and efforts. By setting and achieving goals, individuals and organizations can measure their progress and determine if they are on track to fulfilling their overall mission and vision. Goals provide motivation, focus, and a sense of accomplishment when attained, making them an essential tool for success.

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  • 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 

    Correct Answer
    A. Offers easy access
    Explanation
    When choosing a location for your business, it is important to select one that offers easy access. This means that the location should be easily reachable and convenient for customers, suppliers, and employees. Easy access can contribute to increased foot traffic and customer satisfaction, as well as facilitate the smooth operation of the business. It allows for efficient transportation of goods and services, and can attract a larger customer base. Therefore, selecting a location with easy access can be beneficial for the success and growth of the business.

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  • 10. 

    What is the maximum number of stockholders allowed for a corporation to exist

    • A.

      0

    • B.

      1

    • C.

      2

    • D.

      3

    Correct Answer
    B. 1
    Explanation
    A corporation can exist with just one stockholder. This is known as a "closely held corporation" or a "single-member corporation." In this type of corporation, all shares are owned by a single individual or entity. This allows for greater control and decision-making power for the stockholder. While there is no legal limit on the number of stockholders a corporation can have, a corporation can still exist with just one stockholder.

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  • 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

    Correct Answer
    C. Renter's
    Explanation
    If you own the building where your salon is located, you would not need to purchase renter's insurance since you are not renting the property. Renter's insurance is typically purchased by tenants to protect their personal property and provide liability coverage for any damages or injuries that may occur on the rented premises. Since you own the building, you would instead need to focus on purchasing liability insurance, which would cover any claims or lawsuits that may arise from accidents or injuries that occur in your salon, as well as malpractice insurance to protect against professional errors or negligence. Additionally, purchasing burglary insurance would be important to protect against theft or damage to your salon's property.

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  • 12. 

    Which of these terms refers to your staff or employees?

    • A.

      Personnel

    • B.

      Constituents

    • C.

      Clients

    • D.

      Creditors

    Correct Answer
    A. Personnel
    Explanation
    The term "personnel" refers to your staff or employees. This word is commonly used in business and organizations to describe the individuals who work for a company or institution. It encompasses all the people who are employed by an organization and play a role in its operations and success.

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  • 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

    Correct Answer
    C. What you should do when you need to increase sales
    Explanation
    Human resources is responsible for managing employees, ensuring compliance with hiring and firing procedures, and establishing guidelines for appropriate behavior during the hiring process. However, increasing sales is typically not within the scope of human resources. This task falls under the responsibility of sales and marketing departments, who are responsible for developing strategies to boost sales and increase revenue. Therefore, the correct answer is "what you should do when you need to increase sales."

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  • 14. 

    Booking appointments is primarily whose job?

    • A.

      The cosmetologist

    • B.

      The client

    • C.

      The manager

    • D.

      The receptionist

    Correct Answer
    D. The receptionist
    Explanation
    The correct answer is the receptionist. The receptionist is responsible for managing appointments and scheduling them for clients. They are the first point of contact for clients and play a crucial role in coordinating the availability of the cosmetologist, the client's preferences, and the manager's schedule. The receptionist ensures that appointments are booked efficiently and effectively, allowing for a smooth operation of the salon or spa.

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  • 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 

    Correct Answer
    A. Maintain current clients
    Explanation
    The first goal of every business should be to maintain current clients. This is because retaining existing customers is more cost-effective than acquiring new ones. By focusing on customer satisfaction and building strong relationships with current clients, businesses can ensure repeat business, positive word-of-mouth recommendations, and long-term success. Additionally, satisfied customers are more likely to become loyal brand advocates and refer others, indirectly helping in attracting new clients.

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  • 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 

    Correct Answer
    B. Organizational plan
    Explanation
    The organizational plan is a part of a business plan that outlines the management levels and describes how the business will be run. It includes information about the organizational structure, key personnel, and their roles and responsibilities. This section helps investors and stakeholders understand the management hierarchy and how decision-making processes will be implemented within the business. It also provides insights into the overall operations and management strategy of the business.

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  • 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 

    Correct Answer
    D. Executive summary 
    Explanation
    The executive summary is a concise overview of the entire business plan. It summarizes the key points and objectives of the plan, providing a snapshot of the business idea, its market potential, and the strategies to achieve the stated objectives. It serves as a hook to grab the reader's attention and provide them with a clear understanding of the business plan at a glance.

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  • 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

    Correct Answer
    C. Financial documents
    Explanation
    The part of a business plan that includes projected financial statements, actual statements, and financial statement analyses is the financial documents section. This section provides an overview of the company's financial health, including projected income, expenses, and cash flow. It also includes actual financial statements, such as balance sheets and income statements, which show the company's historical performance. Additionally, financial statement analyses are conducted to assess the company's financial ratios, trends, and overall financial stability. This information is crucial for potential investors, lenders, and stakeholders to evaluate the company's financial viability and make informed decisions.

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  • 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

    Correct Answer
    A. Salon policies
    Explanation
    Salon policies ensure that all clients and employees are treated fairly and consistently. These policies outline the rules and guidelines that govern the interactions within the salon, including how clients are served, how employees are managed, and how conflicts are resolved. By having clear and consistent salon policies in place, the business can maintain a high level of professionalism and ensure that everyone is treated fairly and equally.

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  • 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

    Correct Answer
    A. Vision statement
    Explanation
    A vision statement is a part of a business plan that outlines the long-term goals and aspirations of the business. It provides a clear picture of what the business aims to achieve and what it will look like in the future. Unlike a mission statement, which focuses on the present purpose and values of the business, a vision statement looks ahead and sets a direction for the company's growth and development. It helps guide decision-making and provides a sense of purpose and direction for the organization.

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  • 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

    Correct Answer
    C. Marketing plan
    Explanation
    The marketing plan is the part of a business plan that outlines all of the research obtained regarding the clients your business will target and their needs, wants, and habits. This section will include information on the target market, customer demographics, market trends, and competitive analysis. It will also detail the marketing strategies and tactics that will be used to reach and attract these target customers.

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  • 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 

    Correct Answer
    D. Supporting documents 
    Explanation
    The correct answer is supporting documents. Supporting documents are an essential part of a business plan as they provide additional information and evidence to support the claims and projections made in the plan. This includes the owners' resume, personal financial information, legal contracts, and any other agreements that are relevant to the business. These documents help to establish the credibility and qualifications of the owners and provide a more comprehensive understanding of the business's operations and potential.

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  • 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

    Correct Answer
    B. Mission statement
    Explanation
    The mission statement is a part of the business plan that provides a clear and concise description of the key strategic influences of the business. It outlines the purpose, values, and goals of the organization, and helps guide decision-making and strategic planning. The mission statement helps stakeholders understand the overall direction and focus of the business, and serves as a foundation for the development of other elements of the business plan, such as the marketing plan.

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  • 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 

    Correct Answer
    A. An agreement on future maintenance
    Explanation
    When buying an established salon, it is important to have an agreement on future maintenance to ensure that the buyer and seller are clear on who is responsible for maintaining the facility after the sale. This agreement may include details on the scope of maintenance, frequency, and any associated costs. Excluding this from the agreement would leave the buyer unsure of their responsibilities and could lead to disputes or additional expenses in the future. Therefore, it is essential to include an agreement on future maintenance in the agreement to buy an established salon.

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  • 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

    Correct Answer
    D. $75-$125
    Explanation
    The costs to even a small salon in an existing space can range from $75 to $125 per square foot. This range includes the expenses associated with renovating or remodeling the space, purchasing equipment and furniture, and setting up the necessary infrastructure for running a salon. These costs can vary depending on factors such as the location of the salon, the quality of materials used, and the level of customization desired.

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Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Mar 22, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Jul 16, 2019
    Quiz Created by
    Megan
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