Chapter 2 Review

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Across
  1. 2. A _______ ________ would be required on a "resale certificate" for a perspective trade source.
  2. 7. Requires the owners to be liable for legal claims due to lawsuits
  3. 10. A designer mus still charge ________ _______ even if his fee is included in the price of merchandise sold to the client.
  4. 11. "Conversion would be referred to as an intentional _______.
  5. 12. ______ _____ replaces the sales tax when the business is the customer.
  6. 13. Refers to an offense against all people in society.
  7. 14. Funds that come from investors for financing a business are referred to as _________ _________.
  8. 16. A __________ number allows the designer to purchase goods without paying tax.
  9. 17. An advantage of a _________ studio location for business is the small amount of capital to begin the business.
  10. 18. Net price is synonymous with....?
  11. 19. When a designer first begins to order from a supplier they are required to pay in full in before the goods are shipped. What is this type of credit called?
  12. 20. ________ ________ laws could prohibit the use of a residence as a location for an interior design business.
  13. 21. Your personal ________ account should never be used as a business account.
Down
  1. 1. Rules governing the exemption of sales taxes on services and goods vary from _______ __ ______.
  2. 3. Kravet Fabrics would considered a vendor AND a _________ ________.
  3. 4. an insurance that employers must provide in order to protect the employee in case of work-related injuries.
  4. 5. A designer that does not stop the installation of a carpet incorrectly specified by that designer is guilty of _______ ___ ______.
  5. 6. ____________ would NOT be considered in the category of "intentional torts".
  6. 8. ___________ ___________ will not cause clients to beat a path to your door.
  7. 9. When a designer purchases from a trade source he provides the vendor with his _________ ________ and does not pay sales tax.
  8. 13. A ____________ is a separate entity legally and financially from its owners
  9. 15. The Lyon Furniture Mercantile Agency began by providing credit information and collection services for the furniture agency