Busy. Please wait.
Log in with Clever
or

show password
Forgot Password?

Don't have an account?  Sign up 
Sign up using Clever
or

Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.


Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.

Chapter 6 Vocab

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
        Help!  

Term
Definition
Sole Proprietorship   A business owned by only one person.  
🗑
Unlimited Liability   A liability that holds the owner filly responsible for a company's debts.  
🗑
Partnership   A business owned by two or more people who share it risks and rewards.  
🗑
Corperation   Company that is registered by a state and operates apart from its owners.  
🗑
Limited Liability   A claim that holds a firm's owners responsible for no more than the capital that they have invested in.  
🗑
Cooperative   Organization that is owned and operated by its members.  
🗑
Nonprofit organization   A type of business that focuses on providing a service rather than making a profit.  
🗑
Franchise   Contractual agreement to use the name and sell the products or services of a company in a designated geographic area.  
🗑
Producer   A business that gathers raw products in their natural state.  
🗑
Processor   Businesses that change raw materials into more finished products.  
🗑
Manufacturer   Businesses that make finished products out of processed goods.  
🗑
Intermediary   A business that moves goods from one business to another.  
🗑
Wholesaler   A business that distributes goods; also known as a distributor.  
🗑
Retailer   A business that purchases goods from a wholesaler and sells them to the consumer, the final buyer of the goods.  
🗑
Production   The process of creating, expanding, manufacturing, or improving goods and services.  
🗑
Procurement   The buying and reselling of goods that have already been produced.  
🗑
Marketing   The process of planning, pricing, promoting, selling, and distributing ideas, goods, and services.  
🗑
Management   The process of achieving company goals by planning, organizing, directing, controlling, and evaluating the effective use of resources.  
🗑
Finance   The function of business that involves money management.  
🗑
Accounting   The action or process of keeping financial accounts.  
🗑
Sole   Having no sharer; being the only one.  
🗑
Income   A gain or recurrent benefit usually measured in money that derives from capital or labor.  
🗑
Partners   A member of a partnership, especially in a business.  
🗑
Regulates   To bring under the control of law or constituted authority.  
🗑
Distributes   To divide among several or many.  
🗑
Tasks   A usually assigned piece of work often t be finished within a certain time.  
🗑
Functions   The action of which a person or thing is specially fitted or used or for which a thing exists.  
🗑
Involves   To engage as a participant.  
🗑


   

Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
 
To hide a column, click on the column name.
 
To hide the entire table, click on the "Hide All" button.
 
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
 
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.

 
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how
Created by: 545217
Popular Computers sets