Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Unit Two
Business Ownership and Law
| Question | Answer |
|---|---|
| a legal process that allows selling assets to pay off debts | Bankruptcy |
| a written description of the business and its operations with an analysis of the opportunities and risks it faces | Business plan |
| an official document granted by a state giving power to run a corporation | Charter |
| a business owned and operated by its user-members for the purpose of supplying themselves with goods and services | Cooperative |
| similar to a patent in that the federal government gives an author the sole right to reproduce, publish, and sell literary or artistic work for the life of the author plus 70 years | Copyright |
| a business owned by a group of people and authorized by the state in which it is located to act as though it were a single person | Cooperation |
| those to whom money is owned | Creditors |
| profits distributed to stockholders on a per-share basis | Dividends |
| a sales tax that applies only to selected goods and services, such as gasoline | Excise tax |
| a tax levied against the profits of business firms and against earnings of individuals | Income tax |
| business operations and transactions that cross over state lines | Interstate commerce |
| business transacted within a state | Intrastate commerce |
| a way to limit and control those who plan to enter certain types of business | Licensing |
| a business owned by two or more persons | Partnership |
| an agreement in which the federal government gives an inventor the sole right for 20 years to make, use, and sell an invention | Patent |
| a tax levied on material goods owned | Property tax |
| a written authorization for someone to vote on behalf of the persons signing the proxy | Proxy |
| a tax levied on the retail price of goods and services at the time they are sold | Sales tax |
| equal parts of the division of ownership of a corporation | Shares |
| a business owned and managed by one person | Sole proprietorship |
| owners of a corporation | Stockholders |
| a distinguishing name, symbol, or special mark placed on a good or service that is legally reserved for the sole use of one owner | Trademark |
Created by:
torilynnbell
Popular Management sets