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Unit 2 BM
Mrs. Kimbriel BM
| Question | Answer |
|---|---|
| A legal process that allows selling assets to pay off debts. | Bankruptcy |
| A written description of the business and its operations with an analysis of the opportunities and risks it faces | Business Plan |
| An official document granted by a state giving power to run a corporation. | Charter |
| A business owned and operated by its user-members for the purpose of supplying themselves with goods and services. | Cooperative |
| Similar to a patent in that the federal government gives an author the sole right to reproduce, publish, and sell literary or artistic work for the life of the author plus 70 years. | Copyright |
| A business owned by a group of people and authorized by the state in which it is located to act as through it were a single person. | Corporation |
| Those to whom money is owned. | Creditors |
| Profits distributed to stockholders on a per-share basis | Dividends |
| A slaes tax that applies only to selected goods and services, such as gasoline. | Excise Tax |
| A tax levied against the profits of business firms and against earning of individuals. | Income Tax |
| Business operations and transactions that cross over state lines. | Interstate Commerce |
| Business transacted within a state. | Intrastate Commerce |
| A way to limit and control those who plan to enter certain types of business. | Licensing |
| A business owned by two or more persons | Partnership |
| An agreement in which the federal government gives an inventor the sole right for 20 years to make, use, and sell an invention. | Patent |
| A teax levied on material goods owned | Property Tax |
| A written authorization for someone to vote on behalf of the person signing the proxy. | Proxy |
| A tax levied on the retail price of goods and services at the time they are sold. | Sales Tax |
| Equal parts of the division of ownership of a corporation. | Shares |
| A business owned and managed by one person | Sole Proprietorship |
| Owners of a corporation. | Stockholder |
| A distinguishing name, symbol, or special mark placed on a good or service that is legally reserved for the sole use of the owner. | Trademark |
Created by:
Jimel35
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