Fixed. Simple really.
The default layout with 3 horizontally aligned images is NOT Biz Two Settings, it's Biz One Settings.
Biz Two Settings is for 3 vertically aligned images. Which you would never see unless you switched to the second option under Layout Settings.
Maybe the template defaults were set up for a premium version, and the default text for the the free version was never changed to match the admin area. I'm not new to wordpress and it confused me enough to post a question about it.
Another example - The default header/slider reads:
"Responsive Business Theme
You can change this text in Slider One settings tab of theme options page. Write something awesome to make your website ridiculously fabulous."
To change the text you have to go to Header Section>Header One Section. NOT Slider One settings tab. There isn't even a Slider One settings tab.
Besides the confusion, it's a very nice theme. Thanks