MILADY STANDARD BARBERING - CH
21 THE BUSINESS OF BARBERING
TEST QUESTIONS AND ANSWERS
Limited owner liability - Answer-Characteristics of individual ownership include owner
making all decisions, owner receiving all profits and owner being the boss, but not
what?
One decision maker - Answer-Characteristics of a partnership arrangement include
more available capital, combined abilities, and shared gains and losses, but not
what?
Business - Answer-What type of plan is a written description of the proposed
business?
Insurance - Answer-Malpractice, property liability, and fire refer to what types of
what?
Accountant - Answer-In order to maintain accurate records that are processed in a
timely manner, you should retain the services of what?
Monotone voice - Answer-A good telephone personality includes clear speech, a
pleasing tone of voice and good grammar but not what?
Vision statement - Answer-What is a sweeping picture of the long-term goal of the
business, what it is to become, and what it will look like when it gets there?
11-20 years - Answer-During what time of barbershop ownership, will you want to
move from being a worker barber into a full-time manager of the overall business
and to begin planning for your eventual retirement?
Marketing - Answer-What plan outlines all the research obtained regarding the
clients a business will target and their needs, wants and habits?
Previous owner's business plan - Answer-Any agreement to buy an established
barbershop should include statement of inventory, financial audit, and information
regarding clientele but not what?
Lease agreement - Answer-What type of agreement should specify clearly who owns
what and who is responsible for which repairs and expenses?
Ethnicity - Answer-It is required by state and federal governments to keep accurate
records of an employee's salary, length of employment and social security number
but not what?
21 THE BUSINESS OF BARBERING
TEST QUESTIONS AND ANSWERS
Limited owner liability - Answer-Characteristics of individual ownership include owner
making all decisions, owner receiving all profits and owner being the boss, but not
what?
One decision maker - Answer-Characteristics of a partnership arrangement include
more available capital, combined abilities, and shared gains and losses, but not
what?
Business - Answer-What type of plan is a written description of the proposed
business?
Insurance - Answer-Malpractice, property liability, and fire refer to what types of
what?
Accountant - Answer-In order to maintain accurate records that are processed in a
timely manner, you should retain the services of what?
Monotone voice - Answer-A good telephone personality includes clear speech, a
pleasing tone of voice and good grammar but not what?
Vision statement - Answer-What is a sweeping picture of the long-term goal of the
business, what it is to become, and what it will look like when it gets there?
11-20 years - Answer-During what time of barbershop ownership, will you want to
move from being a worker barber into a full-time manager of the overall business
and to begin planning for your eventual retirement?
Marketing - Answer-What plan outlines all the research obtained regarding the
clients a business will target and their needs, wants and habits?
Previous owner's business plan - Answer-Any agreement to buy an established
barbershop should include statement of inventory, financial audit, and information
regarding clientele but not what?
Lease agreement - Answer-What type of agreement should specify clearly who owns
what and who is responsible for which repairs and expenses?
Ethnicity - Answer-It is required by state and federal governments to keep accurate
records of an employee's salary, length of employment and social security number
but not what?
