Milady Chapter 32 Pracice Questions With 100% Correct Answers

Milady Chapter 32 Pracice Questions With 100% Correct Answers From years 2-5 - CORRECT ANSWER During which period of your business timeline should you focus on tending to the business, its clientele, and its employees to grow and expand the business so it is profitable? From years 5-10 - CORRECT ANSWER During which period of your business timeline should you focus on adding more locations, expanding the scope of the business, or constructing a larger space? From years 11-20 - CORRECT ANSWER During which petrodollars of your business timeline might you move from being a working cosmetologist to a full time manager? Primary clientele - CORRECT ANSWER When opening a new business, the location selected should reflect your? Business plan - CORRECT ANSWER What is a written plan that describes a business and foresees projections for the next five years? OSHA - CORRECT ANSWER What federal agency requires that the ingredients of cosmetic preparations be available to employees? SDS - CORRECT ANSWER Information about the ingredients in cosmetic preparations and other products are included in an: Individual ownership - CORRECT ANSWER A salon that is owned and operated by an individual is referred to as an: Sole proprietor - CORRECT ANSWER An individual who determines policies, has the last say in decision making, assumes expenses, receives profits, and bears all the losses is the: Capital for investment - CORRECT ANSWER One reason for entering into a partnership agreement is to have: Incorporating - CORRECT ANSWER What is one of the best ways for a business owner to protect their personal assets?