SALON MANAGER STUDY GUIDE 2026 EXAM
QUESTIONS AND SOLUTIONS GRADED A+
◍ ADVERTISING . Answer: Promotion of business, 3% of monthly
revenue.
◍ APPOINTMENT BOOK . Answer: Lets you know what is taking
place at any given time in the salon.
◍ ASSETS . Answer: All things of value that you own.
◍ BOOTH RENTAL . Answer: A station or space rented by a stylist,
practiced by 50% of salons.
◍ BUSINESS PLAN . Answer: Tool for obtaining financing and a
blueprint for future growth.
◍ CAPITAL . Answer: Amount of money needed to start a business.
◍ CHARTER . Answer: A form of a "birth certificate" from the state for
a corporation.
, ◍ COMMISSION . Answer: Percentage of earnings from a service or a
sale.
◍ CONSUMABLE SUPPLIES . Answer: AKA: Disposable, operating -
Supplies that cannot be reused.
◍ CORPORATION . Answer: A legal entity that conducts business.
◍ DEMAND . Answer: More people who want the service, with less
people to deliver, will make prices higher.
◍ DEMOGRAPHICS . Answer: The study of human population.
◍ DEPRECIATION . Answer: Loss of value.
◍ DISTRIBUTOR . Answer: Company that sells products/supplies to
the stylist.
◍ FAIR PROFIT . Answer: Product mark-up based on average income
of clients.
◍ FEDERAL LAWS . Answer: Governs Social Security, unemployment
compensation, luxury tax payments.
QUESTIONS AND SOLUTIONS GRADED A+
◍ ADVERTISING . Answer: Promotion of business, 3% of monthly
revenue.
◍ APPOINTMENT BOOK . Answer: Lets you know what is taking
place at any given time in the salon.
◍ ASSETS . Answer: All things of value that you own.
◍ BOOTH RENTAL . Answer: A station or space rented by a stylist,
practiced by 50% of salons.
◍ BUSINESS PLAN . Answer: Tool for obtaining financing and a
blueprint for future growth.
◍ CAPITAL . Answer: Amount of money needed to start a business.
◍ CHARTER . Answer: A form of a "birth certificate" from the state for
a corporation.
, ◍ COMMISSION . Answer: Percentage of earnings from a service or a
sale.
◍ CONSUMABLE SUPPLIES . Answer: AKA: Disposable, operating -
Supplies that cannot be reused.
◍ CORPORATION . Answer: A legal entity that conducts business.
◍ DEMAND . Answer: More people who want the service, with less
people to deliver, will make prices higher.
◍ DEMOGRAPHICS . Answer: The study of human population.
◍ DEPRECIATION . Answer: Loss of value.
◍ DISTRIBUTOR . Answer: Company that sells products/supplies to
the stylist.
◍ FAIR PROFIT . Answer: Product mark-up based on average income
of clients.
◍ FEDERAL LAWS . Answer: Governs Social Security, unemployment
compensation, luxury tax payments.
