Milady Standard Barbering Ch 21 The Business of ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/||
Barbering Exam with answers ||\!/|| ||\!/|| ||\!/||
Barbershop owners have no guarantee of _________________? - correct ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/||
answer✔✔Profits
Owning you own barbershop or renting a booth in an existing shop or salon
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requires _________________? - correct answer✔✔A strong line of credit
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Which of the following is a guide to actions of the organization? - correct
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answer✔✔Mission Statement ||\!/||
What business time period would be appropriate for adding more locations or
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expanding the scope of the business? - correct answer✔✔Years 5 to 10 ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/||
A _______________ is written description of your business as you see it today
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and as you foresee it in the next 5 years? - correct answer✔✔Business Plan
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Which of the following is an ownership structure controlled by one or more
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stockholders? - correct answer✔✔Corporation ||\!/|| ||\!/|| ||\!/||
One reason for going into a partnership arrangement is to ________? - correct
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answer✔✔Have help running your operation ||\!/|| ||\!/|| ||\!/|| ||\!/||
One of the requirements for a partnership arrangement is __________? - correct
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answer✔✔Trust
Barbering Exam with answers ||\!/|| ||\!/|| ||\!/||
Barbershop owners have no guarantee of _________________? - correct ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/||
answer✔✔Profits
Owning you own barbershop or renting a booth in an existing shop or salon
||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/||
requires _________________? - correct answer✔✔A strong line of credit
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Which of the following is a guide to actions of the organization? - correct
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answer✔✔Mission Statement ||\!/||
What business time period would be appropriate for adding more locations or
||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/||
expanding the scope of the business? - correct 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? - correct answer✔✔Business Plan
||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/||
Which of the following is an ownership structure controlled by one or more
||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/||
stockholders? - correct answer✔✔Corporation ||\!/|| ||\!/|| ||\!/||
One reason for going into a partnership arrangement is to ________? - correct
||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/||
answer✔✔Have help running your operation ||\!/|| ||\!/|| ||\!/|| ||\!/||
One of the requirements for a partnership arrangement is __________? - correct
||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/|| ||\!/||
answer✔✔Trust
