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Term

Corporation
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multinational
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12 ECON Vocab 3

Economics CH 3 Vocab for Ponder

TermDefinition
Corporation form of business organization recognized by law as a separate legal entity having all the rights of an individual
multinational corporation that has manufacturing or service operations in a number of countries
consumer cooperative voluntary association that buys bulk amounts of goods on behalf of its members
sole proprietorship business Owned and run by one person
interest price paid for the use of another's money
limited liability investor's responsibility for the debts of a business which is limited by the size of his or her investment in the business
labor union organization of workers formed to represent its members' interests in various employment matters
principal money that is borrowed
depreciation non-cash charge a firm takes for the general wear and tear on its capital goods
inventory stock of finished goods and parts in reserve
Backruptcy court-granted permission to an individual or business to cease or delay paying debts
Nonprofit organization organization that operates in a businesslike way to promote the collective interests of its members rather than to seek profit for its owners
Collective bargaining negotiation by a labor union with management over issues such as pay, working hours, and vacation
dividend payment to a stockholder representing a portion of the corporate earnings
credit union financial organization that accepts deposits from and makes loans to employees from a particular! company or government agency
partnership business that is jointly owned by two or more persons
net income revenues minus expenses, including taxes
cash flow sum of net income and non-cash charges, such as depreciation
stock ownership certificates in a firm
Created by: breckart2
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