A check representing a portion of the corporate earnings
Dividend
The most common form of business
Soul proprietorship
Owners of a corporation are referred to as…
Stockholders
A corporation that has manufacturing or service operations in several nations
Multi national Corporation
Although the type of business organizations like multi national corporations can provide low priced items, a disadvantage is that they…
Demand tax concessions
A firm that has at least four businesses each making unrelated products
Conglomerate
The types of firms, conglomerates, seemingly most common in….
Asia
The type of business organization that typically suffers the most from double taxation
Corporation
If a firm wishes to sell stock to the public they must register with the…
Securities and exchange commission
One of the greatest advantages of having a partnership is….
Increased ability to raise capital
One of the greatest advantages of having a soul proprietorship is…
Total control of revenue
One of the greatest advantages of having a corporation is….
Limited liability
When one is given permission to start a Corporation they are granted a….
Charter
Partnerships must file this in order to be formally recognized.
Articles of…
If one partner has more responsibility for a business than the other, they are said to have organized a…
Limited partnership
The greatest disadvantage of a sole proprietor ship and a partnership is….
Unlimited liability
The non-cash charge that firms take for general wear and tear on goods is known as…
Depreciation
Subtracting all of a firms expenses from its revenue will find the….
Net income
When two or more firms that produce the same kind of product join forces, a _____is created.
Horizontal merger
When two or more firms that produce different stages of manufacturing process join together, a ______ is created.
Vertical merger
List three types of coops
Producers, consumers and service
What is a professional association?
A group of professionals working together
American medical association
What’s a labor union?
Collective bargaining
- when people bring demands from a group rather than an individual
Better business bureau?
Consumer critics
