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Ch.19 S.S

TermDefinition
Consolidation An act or instance of consolidating; the state of being consolidated; unification:
Pool (in business terms, not a swimming pool)
Assembly Line an arrangement of machines, tools, and workers in which a product is assembled by having each perform a specific, successive operation on an incomplete unit as it passes by in a series of stages organized in a direct line.
mass production the production or manufacture of goods in large quantities, especially by machinery.
Stock a supply of goods kept on hand for sale to customers by a merchant, distributor, manufacturer, etc.; inventory
Shareholder a holder or owner of shares, especially in a company or corporation.
Trust confidence in the certainty of future payment for property or goods received; credit:
Monopoly an exclusive privilege to carry on a business, traffic, or service, granted by a government.
Philanthropy altruistic concern for human welfare and advancement, usually manifested by donations of money, property, or work to needy persons, by endowment of institutions of learning and hospitals, and by generosity to other socially useful purposes.
Merger a statutory combination of two or more corporations by the transfer of the properties to one surviving corporation.
Sweatshop a shop employing workers at low wages, for long hours, and under poor conditions.
Trade Union a labor union of craftspeople or workers in related crafts, as distinguished from general workers or a union including all workers in an industry.
Strikebreaker a labor union of craftspeople or workers in related crafts, as distinguished from general workers or a union including all workers in an industry.
Injunction Law. a judicial process or order requiring the person or persons to whom it is directed to do a particular act or to refrain from doing a particular act.
Created by: lane.raley0425
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