| A | B |
|---|
| Being a successful businessperson requires experience, a genuine love of people, and solid: | management skills |
| Where allowed by state law, a desirable alternative salon ownership is the practice of: | booth rental |
| When operating a salon two most important factors are | visibility and accessibility |
| When obtaining financing to open a business, it is essential to deveop a(n): | business plan |
| The professional trained in the gathering of accurate financial information needed in developing a business plan is a(n): | accountant |
| Purchasing the insurance required for operating a salon is the responsibility of the | salon owner |
| Another name for an individual owner with complete control of a business is: | sole proprietor |
| In a partnership, two or more people share ownership, although the ownership shares may not always be: | equal |
| Incorporating is one of the best ways for a business owner to protect: | personal assets |
| A business advantage of a corporation when raising capital (money) is that a corporation may issue shares or: | stock certificates |
| To avoid any misunderstandings between contracting parties in the purchase a salon, the details of the sale should be written in the: | purchase and sales agreement |
| Business records that are used to record all income are classified as: | receipts |
| Records that help maintain an overstocking or shortage of supplies and are used to establish the net worth of a business are: | purchase and inventory records |
| Supplies used in the daily business operation are considered: | consumption supplies |
| Supplies purchased by a salon with the intention of selling these products to clients are: | retail supplies |
| When planning and constructing the best physical layout for a salon, the primary concern should be: | maximum efficiency |
| To employees, a top priority for salon owners should be to always meet: | payroll obligations |
| One of the most important duties of the receptionist is: | booking appointments |
| The best form of advertising for a salon is: | a satisfied client |
| An important aspect of a salon's finacial success revolves around the sale of: | additional salon services |
