Chapter 22 Word Scramble
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| Term | Definition |
| Sole proprietorship | a single business owned and operated by a single person. |
| Financial capital | the money need to run a business or enable it to grow |
| Partnership | business that two or more people operate and own |
| Articles of partnership | document identifies how much money each of you will contribute and what role each partner will play in a business |
| Corporation | is an organized business recognized by law that has many of the rights and responsibilities as an individual |
| Charter | a government document granting permission to organize. |
| Stock | or ownership shares of the corporation , that will be issued |
| Stock holders | become part owners of the corporations, uses the money received from sharing these stocks and set up and run business |
| Board of directors | act on their behalf, they hire managers to run the corporation on a daily basis |
| Cooperative | a voluntary association of people formed to carry on an economic activity that benefits it's members |
| Labor union | group of workers who band together to have a better chance to obtain a higher pay |
| Right to work law | prevent mandatory unions membership required by union shops |
| Collective bargaining | officials from the union helps the company meet and discuss workers |
| Mediation | third party who helps them reach a compromise |
| Arbitration | third party that listens to both sides then decides how to settle the disagreement |
| Strike | in which all workers refuse to go to work |
| Boycott | or refuse to buy a businesses products |
| Transparency | purpose to provide information to provide investors with full disclosure |
| Discrimination | that cannot treat with differently on a basis of race, religion, color,gender, age, durability |
| Social responsibility | the obligation to pursue goals that benefit society as well as themselves |
Created by:
jaziah griffin
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