BBC REVIEW - CHAPTER 21

Question 1

When creating a business timeline, what is the time period where you tend to the business?

Accepted Answer

YEARS 2 TO 5

Question 2

Renting a booth offers many advantages to a barber, but one thing you won't have is ____.

Accepted Answer

PAID TIME OFF OR VACATION TIME

Question 3

Generally speaking, a business plan is more of an agreement with ____.

Accepted Answer

YOURSELF

Question 4

A partnership is when two or more people share ownership, ____.

Accepted Answer

ALTHOUGH NOT NECESSARILY EQUALITY

Question 5

Your primary goal for your clientele is:

Accepted Answer

MAINTAINING CURRENT CLIENTS

Question 6

When creating a business timeline, what time period are additional lactations added?

Accepted Answer

YEARS 5 TO 10

Question 7

Income is usually classified as receipts from ____.

Accepted Answer

SERVICES AND RETAIL SALES

Question 8

In which section of a business plan do you include policies that will be followed?

Accepted Answer

BARBERSHOP POLICIES

Question 9

In which section of a business plan are the employees and management levels outlined?

Accepted Answer

ORGANIZATIONAL PLAN

Question 10

The reception area is the site for ____.

Accepted Answer

FINANCIAL TRANSACTIONS

Question 11

All of the following are considered expenses except for ____.

Accepted Answer

RETAIL SALES

Question 12

Which interview question will help you determine a potential employee's level of skill?

Accepted Answer

WHAT CAN THEY BRING TO THE ORGANIZATION BEYOND BARBERING?

Question 13

One suggestion to follow when using social media is to ____.

Accepted Answer

RESPOND TO QUESTIONS OR COMMENTS

Question 14

In which section of a business plan do you inlude the owner's resume and other documents?

Accepted Answer

SUPPORTING DOCUMENTS

Question 15

On average, you need to be booked at least ____ perfect of the time to safely rent a booth.

Accepted Answer

70

Question 16

In a corporation, stockholders ____.

Accepted Answer

HAVE AN OWNERSHIP INTEREST IN THE COMPANY

Question 17

A ____ is a form of business where a firm enters into another business in exchange for a fee.

Accepted Answer

FRANCHISE

Question 18

When handling a client complaint over the telephone, ____.

Accepted Answer

RESPOND WITH SELF-CONTROL, TACT, AND COURTESY

Question 19

When booking appointments over the phone, ____.

Accepted Answer

BE FAIR WHEN MAKING ASSIGNMENTS BETWEEN BARBERS

Question 20

Insurance outside the scope for reducing risk and ensuring protection as business owner:

Accepted Answer

HOME

Question 21

Th features associated with a good location include ____.

Accepted Answer

GOOD VISIBILITY

Question 22

Keep a running inventory of all supplies, and classify them according to their ____.

Accepted Answer

USE AND RETAIL VALUE

Question 23

What is the best for of advertising?

Accepted Answer

SATISFIED CLIENTS

Question 24

You have two options for going into business for yourself: ____ or renting a booth in a shop.

Accepted Answer

OWNING YOUR OWN BARBERSHOP

Question 25

The owner receives all profits in a ____.

Accepted Answer

SOLE PROPRIETORSHIP

BBC REVIEW - CHAPTER 21

Questions 25

BBC REVIEW - CHAPTER 21

Questions 25