MILADY STANDARD BARBERING CH
#21 THE BUSINESS OF BARBERING
QUESTIONS WITH VERIFIED
ANSWERS
Owning you own barbershop or renting a booth in an existing shop or salon requires
_________________? - Answer-A strong line of credit
Which of the following is a guide to actions of the organization? - Answer-Mission
Statement
What business time period would be appropriate for adding more locations or
expanding the scope of the business? - Answer-Years 5 to 10
A _______________ is written description of your business as you see it today and
as you foresee it in the next 5 years? - Answer-Business Plan
Which of the following is an ownership structure controlled by one or more
stockholders? - Answer-Corporation
One reason for going into a partnership arrangement is to ________? - Answer-
Have help running your operation
One of the requirements for a partnership arrangement is __________? - Answer-
Trust
In a business plan, the owner's resume and personal financial information would be
found in the ___________? - Answer-Supporting Documents
The kinds of services your business will offer and the quality of those services is
found in what part of the business plan? - Answer-Mission Statement
Supplies that are used in the daily business operation are
______________supplies? - Answer-Consumption
Someone who is trained to do everything from recording sales and payroll t
generating a profit- and - loss statement is called a(n)__________? - Answer-Full-
charge bookkeeper
Unless you are at least _______________ booked all the time, it may not be
advantageous to rent a booth? - Answer-70%
In how many states is booth rent not allowed? - Answer-2
#21 THE BUSINESS OF BARBERING
QUESTIONS WITH VERIFIED
ANSWERS
Owning you own barbershop or renting a booth in an existing shop or salon requires
_________________? - Answer-A strong line of credit
Which of the following is a guide to actions of the organization? - Answer-Mission
Statement
What business time period would be appropriate for adding more locations or
expanding the scope of the business? - Answer-Years 5 to 10
A _______________ is written description of your business as you see it today and
as you foresee it in the next 5 years? - Answer-Business Plan
Which of the following is an ownership structure controlled by one or more
stockholders? - Answer-Corporation
One reason for going into a partnership arrangement is to ________? - Answer-
Have help running your operation
One of the requirements for a partnership arrangement is __________? - Answer-
Trust
In a business plan, the owner's resume and personal financial information would be
found in the ___________? - Answer-Supporting Documents
The kinds of services your business will offer and the quality of those services is
found in what part of the business plan? - Answer-Mission Statement
Supplies that are used in the daily business operation are
______________supplies? - Answer-Consumption
Someone who is trained to do everything from recording sales and payroll t
generating a profit- and - loss statement is called a(n)__________? - Answer-Full-
charge bookkeeper
Unless you are at least _______________ booked all the time, it may not be
advantageous to rent a booth? - Answer-70%
In how many states is booth rent not allowed? - Answer-2
