Salon Management Final WITH COMPLETE QUESTIONS & SOLUTIONS(GRADED A)
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Course
Salon Manager
Institution
Salon Manager
Sole Proprietorship - ANSWER When one person owns a salon
Partnership - ANSWER When two or more persons own a salon without issuing stock
Corporation or Stockholding - ANSWER Large salons or a chain of salons or businesses owned by many people
Salon Management Final WITH COMPLETE
QUESTIONS & SOLUTIONS(GRADED A)
Sole Proprietorship - ANSWER When one person owns a salon
Partnership - ANSWER When two or more persons own a salon without issuing stock
Corporation or Stockholding - ANSWER Large salons or a chain of salons or businesses owned by many
people
Stockholder - ANSWER People who have a partial ownership in a corporation through their purchase of
one or more stock certificates
Amendments - ANSWER Written description of items that the landlord agrees to provide at no charge as
a part of the lease
Tax Escalator Clause - ANSWER When the lessors property tax increases the rent will increase but only in
proportion to the tax leveled for the space used
Malpractice Insurance - ANSWER Insurance that covers accidents that may result in injuries to a client
Lease Agreement - ANSWER The legal agreement between the owners of a building and a renter
Lessor or Landlord - ANSWER The person granting the use of the building or space
Tenants - ANSWER Lessees may be casually referred to as these
Appointment Book - ANSWER Waste of the cosmetologist's time and loss of income may be minimized
by keeping an accurate one of these
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