SALON MANAGEMENT FINAL TEST
QUESTIONS AND ANSWERS
Answer: Sole Proprietorship When a salon is owned by just one individual
Collaboration - ANSWER When a salon is owned by multiple people without
issuing stock
ANSWER: Corporation or Stockholding Big salons, a network of salons, or
companies with numerous owners
A stockholder's ANSWER Individuals who have purchased one or more stock
certificates, giving them a portion of a corporation
Modifications: ANSWER A written list of the things that the landlord promises
to supply as part of the lease at no cost
Answer to the Tax Escalator Clause Rent will only rise in proportion to the tax
amount for the space used when the lessor's property tax rises.
Malpractice insurance is ANSWER insurance that provides coverage for
incidents that could cause a client to sustain injury.
Lease Contract: ANSWER The formal contract between building owners and
tenants
Landlord or Lessor—ANSWER The individual who grants access to the
facility or area
Tenants: ANSWER It is possible to refer to lessees informally as these
Book of Appointments-ANSWER Maintaining an exact one of these can help
reduce the cosmetologist's time waste and income loss.
QUESTIONS AND ANSWERS
Answer: Sole Proprietorship When a salon is owned by just one individual
Collaboration - ANSWER When a salon is owned by multiple people without
issuing stock
ANSWER: Corporation or Stockholding Big salons, a network of salons, or
companies with numerous owners
A stockholder's ANSWER Individuals who have purchased one or more stock
certificates, giving them a portion of a corporation
Modifications: ANSWER A written list of the things that the landlord promises
to supply as part of the lease at no cost
Answer to the Tax Escalator Clause Rent will only rise in proportion to the tax
amount for the space used when the lessor's property tax rises.
Malpractice insurance is ANSWER insurance that provides coverage for
incidents that could cause a client to sustain injury.
Lease Contract: ANSWER The formal contract between building owners and
tenants
Landlord or Lessor—ANSWER The individual who grants access to the
facility or area
Tenants: ANSWER It is possible to refer to lessees informally as these
Book of Appointments-ANSWER Maintaining an exact one of these can help
reduce the cosmetologist's time waste and income loss.
