#Big business and labor quizlet professional
Professional Organization: Nonprofit organization that works to improve the image, working conditions, and skill levels of people in particular occupations Ex. Nonprofit Organization: Institution that functions like a business but does not operate for the purpose of generating profit Ex. Producer Cooperative: Agricultural marketing cooperative that helps members sell their product Ex. Service Cooperative: Cooperative that provides a service, rather than a good Ex. Sam’s ClubĬonsumer Cooperative: Retail outlet owned and operated by consumers Ex. Franchise owners pay to a parent companyĬooperative: A business organization owned and operated by a group of individuals for their mutual benefit Ex. Royalty: Share of earnings given as payment Ex. McDonaldsīusiness Franchise: A semi-independent business that pays fees to a parent company in return for the exclusive right to sell a certain product or service in a given area Ex. Multinational Corporation (MNC): Large corporation that produces and sells its goods and services throughout the world Ex. A merger between a phone company, and insurance company, and a cable company A car making company buying the company who produces tiresĬonglomerate: Business combination merging more than three businesses that make unrelated products Ex. Vertical Merger: Combine firms involved in different stages of producing the same good or service Ex. Horizontal Merger: The combination of 2 or more firms competing in the same market with the same good or service (normally not allowed) Ex. If profits go way up, the value of the stock increases as shareholders can make more money
#Big business and labor quizlet license
Corporate bondĬertificate of Incorporation: License to form a corporation issued by a state governmentĭividend: The portion of corporate profits paid out to stockholders Ex. Googleīond: A formal contract to repay borrowed money with interest at fixed intervals Ex. Publicly Held Corporation: Buys and sells its stock on the open market Ex. Privately Held Corporation: A corporation that has only a few stockholders and whose stock is not available for sale to the general public Ex. Stock/Share: Represent a stockholder's portion of ownership Ex. Profits, MachineryĬorporation: Legal entity owned by individual stockholders Ex. A partnership fails to agree to/ complete the articles of partnershipĪssets: Money and other valuables belonging to an individual or business Ex. Uniform Partnership Act (UPA): Act ordering common ownership interests, profit and loss sharing, and shared management responsibilities in a partnership Ex. Veterinarian ClinicĪrticles of Partnership: A partnership agreement that spells out each partner's rights and responsibilities Ex. Limited Liability Partnership: All partners are limited partners (newer) Ex. Limited Partnership: Only one partner is required to be a general partner, or have unlimited personal liability for the firm Ex. General Partnership: Partners share equally in both responsibility and liability Ex. Partnership: A business organization owned by two or more persons who agree on a specific division of responsibility and profits Ex. If the company fails and you still need to pay off loans, you are still liable to pay them off- may even have to sell your homeįringe Benefits: Payments to employees other than wages or salaries Ex. Liability: The legally bound obligation to pay debts Ex. You may not be able to sell your products from your home due to these laws Zoning Law: Law in a city or town that designates separate areas for residency and for businesses Ex.
General business license to allow you to sell products Bakeryīusiness License: Authorization to start a business issued by the local government Ex. Sole Proprietorship: A business owned and managed by a single individual Ex. Business Organization: An establishment formed to carry on commercial enterprise (ie company or firm) Ex.
0 kommentar(er)
