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Coprations, Mergers
Vu's Group Activity
| Answers | Questions |
|---|---|
| corporation | a legal entity owned by individual stockholders |
| stock | a certificate of ownership in a corporation |
| closely held corporation | corporation that issues stock to only a few people, often family members |
| publicly held corporation | corporation that sells stock on the open market |
| bond | a formal contract to repay borrowed money with interest at fixed intervals |
| certificate of incorporation | license to form a corporation issued by state government |
| dividend | the portion of corporate profits paid out to stockholders |
| horizontal merger | the combination of two or more firms competing in the same market with the same good or service |
| vertical merger | the combination of two or more firms involved in different stages of producing the same good or service |
| conglomerate | business combination merging more than three businesses that make unrelated products |
| multinational corporation (MNC) | large corporation that produces and sells its goods and services throughout the world |