click below
click below
Normal Size Small Size show me how
Chapter 5
Business Types
Question | Answer |
---|---|
Net Profit | The money left over after all expenses have been paid |
Franchisor | Parent company |
Certificate of incorporation | Written permission from the state, acts as a signal individual on behalf of its |
Stockholders | People who buy shares of a corporation, the actual owners |
Franchisee | The person who buys from a parent company and is running the business |
Board of directors | Elected to guide a corporations course, these officers do not go to work |
Franchise | Grants permission to sell someone else’s products or services in a prescribed manner |
Dividends | Part of the profits that each stockholder receives |
Municipal Corporations | Organized to provide services for its citizens with money from taxes |
Boy Scouts/Girl Scouts | Examples of nonprofit corporations |
Cooperatives | Owned by each of its members: such as credit unions |