Civics and Economics chapter 22 definitions
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Sole Proprietorship | a business owned and operated by a single person
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| Financial Capital | money used to buy the tools and equipment used in production
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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 government document granting permission to organize a corporation
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| Stock | ownership share of a corporation
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| Stockholder | an individual who has invested in a corporation and owns some of its stock
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| Board of Directors | people elected by the shareholders of a corporation to act on their behalf
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| Cooperative | a voluntary association of people formed to carry on some kind of economic activity
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| Labor Union | association of workers organized to improve wages and working conditions
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| Right-to-Work Law | state laws forbidding unions from forcing workers to join
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| Collective Bargaining | process by which unions and employers negotiate the conditions of employment
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| Mediation | situation in which union and company officials bring in a third party to try to help them reach an agreement
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| Arbitration | situation in which union and company officials submit the issues they cannot 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 of prejudice against a certain group
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| Social Responsibility | the obligation a business has to pursue goals that benefit society as well as themselves
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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.
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