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S.S. ch.19 vocab
immigrants business terms
| Term | Definition |
|---|---|
| Consolidation | combining a number of things into a single more affective hole |
| Rebate | is the amount paid of reduction or return |
| Pool (in business terms, not a swimming pool) | a number of people who are available to work when needed |
| Assembly Line | a manufacturing process (most of the time called a progressive assembly) in which parts (usually interchangeable parts) are added as the semi-finished assembly moves from work station to work station where the parts are added in sequence until the final |
| Mass Production | the production of large amounts of standardized products, including and especially on assembly lines. With job production and batch production it is one of the three main production methods.[ |
| Stock | the stock of a corporation constitutes the equity stake of its owners. |
| Shareholder | an individual or institution (including a corporation) that legally owns a share of stock in a public or private corporation. |
| Trust (in terms of business) | An unincorporated business organization created by a legal document, a declaration of trust, and used in place of a corporation or partnership for the transaction of various kinds of business with limited liability. |
| Monopoly (in terms of business) | Market situation where one producer (or a group of producers acting in concert) controls supply of a good or service, and where the entry of new producers is prevented or highly restricted. Read more: |
| Philanthropy | Philanthropy is an idea, event, or action that is done to better humanity and usually involves some sacrifice as opposed to being done for a profit motive. |
| Merger (in business terms) | voluntary amalgamation of two firms on roughly equal terms into one new legal entity. |
| Sweatshop | a pejorative term for a workplace that has socially unacceptable working conditions. |
| Trade Union | an organization of workers who have united together to achieve common goals such as protecting the integrity of its trade |
| Strikebreaker | A strikebreaker (sometimes derogatorily called a scab, blackleg, or knobstick) is a person who works despite an ongoing strike. |
| Injunction | an equitable remedy in the form of a court order that requires a party to do or refrain from doing specific acts. |
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