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chapter 22 vocabular

Civics

QuestionAnswer
a business owned and operated by a single person Sole Proprietorship
money used to buy the tools and equipment used in production Financial Capital
a business owned by two or more people Partnership
formal legal papers specifying the arrangement between partners Articles Of Partnership
type of business organization owned by many people but treated by law as though it were a person Corporation
a government document granting permission to organize a corporation Charter
ownership share of a corporation Stock
an individual who has invested in a corporation and owns some of its stock Stockholder
people elected by the shareholders of a corporation at act on their behalf Board Of directors
a voluntary association of people formed to carry on some kind of economic activity that will benefit its members Cooperative
association of workers organized to improve wages and working conditions Labor union
state laws forbidding unions from forcing workers to join Right-to-work laws
process by which unions and employers negotiate the conditions of employment Collective Bargaining
situation in which union and company officials bring in a third party to try to help them reach an agreement Mediation
situation in which union and company officials submit the issues they cannot agree on to a third party for a final decision Arbitration
when workers deliberately stop working in order to force an employer to give in to their demands Strike
the refusal to purchase certain goods Boycott
process of making business deals more visible to everyone Transparency
unfair treatment based on prejudice against a certain group Discrimination
the obligation a business has to pursue goals that benefit society as well as themselves Social Responsibility
Created by: whitneybutler
Popular American Government sets

 

 



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