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22

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Question
Answer
sole proprietorship   a business owned and operated by a single person  
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financial capital   money used to buy the tools and the equipment used in productions  
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partnership   a business owned by two or more people  
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articles of partnership   formal legal papers specifying the arrangement between partners  
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corporation   type of business organization owned by many people but treated by law as though it were a person  
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charter   a written document granting land and the authority to set up colonial governments is able to check or a government document granting permission to organized a corporation  
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stock   ownership share of a corporation  
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stockholders   an individual who invested in a corporation and owns some of its stock  
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board of direction   people elected by the shareholders of a corporation to act on their behalf  
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cooperative   a voluntary a associations formed to carry some type of economic activity that will benefit their its members  
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labor of union   association of workers organized to improve wage and working conditions  
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right to work law   states law forbidding workers to join  
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collective bargaining   process in which unions and employers negotiate the conditions of employment  
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mediation   situations in which union and company officials bring in the third party to try to help them reach an agreement  
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arbitration   situations in which union and company officials submit the issues they can not agree on to a third party for a final decision  
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strike   when workers deliberately stop working in order to force an employer to give in to their demands  
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boycott   the refusal to purchase certain goods  
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transparency   process of making business deals more visible to everyone  
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discrimination   unfair treatment based on a certain group  
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social responablity   the obligation a business has to pursue goals that benefit society as well as themselves  
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Created by: somonnemclean
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