chapter 22 Word Scramble
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Question | Answer |
sole proprietorship | business owned and operated by one person |
financial capital | money needed to run businesses |
partnership | business two or more people own |
articles of partnership | paper stating who will pay what and who will take care of what |
corporation | business recognized by law that has many rights and responsibilities |
charter | governemnt document giving permission to organize |
stock | Ownership shares of corporation |
stock holders | part ownership of corporation |
board of directors | person to act on their behalf |
cooperative | voluntary association of people to carry on economic activity that benifits its members |
labor unions | group of workers who work together to get better paying jobs |
right to work laws | prevents mandority union membership |
collective bargaining | people come and meet to talk about workers new contract |
mediation | third party to help reach a compromise agreement |
arbitration |
Created by:
jordanlofton
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