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Ch. 8

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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Term
Definition
show business owned and run by a single individual  
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show owner is personally and fully responsible for all losses and debts of a business; applies to proprietorships, and general partnerships  
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show stock of goods held in reserve; includes finished goods waiting to be sold and raw materials to be used in production  
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limited life   show
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show business owned by two or more persons  
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show form of business organization recognized by law as a separate legal entity with all the rights and responsibilities of an individual, including the right to buy and sell property, enter into legal contracts, and to sue and be sued  
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show government document that gives permission to create a corporation  
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stock   show
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show people who own a share or shares of stock in a corporation  
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dividend   show
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show most basic form of corporate ownership, generally with one vote per share for stockholders  
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preferred stock   show
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bond   show
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show payment made for the use of borrowed money; usually paid at periodic intervals for long-term bonds or loans  
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show amount borrowed when getting a loan or issuing a bond  
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show feature of taxation that allows stockholders' dividends to be taxed both as a corporate profit and as a personal income  
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show business investment that involves renting or leasing another successful business model  
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franchisor   show
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show the investor who rents or leases the business model from the franchisor and then hopes to recoup his or her investment by selling the franchisor's goods or services  
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show firms that produce the same kind of product join forces  
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vertical merger   show
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show firm with four or more businesses making unrelated products, with no single business responsible for a majority of its sales  
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show corporation that has manufacturing or service operations in a number of different countries  
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venture capitalist   show
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angel investors   show
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show using social networking to appeal to potential investors  
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show works in a businesslike way to promote the collective interests of its members rather than seek financial gain for its owners  
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show nonprofit service cooperative that accepts deposits, makes loans, and provides other financial services  
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labor union   show
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show process of negotiation between union and management representatives over pay, benefits, and job-related matters  
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chamber of commerce   show
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Better Business Bureau   show
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Created by: KristiWilliams