Help
Options
Term
sole proprietorship
click to flip
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't know
Term
financial capital
Remaining cards (19)
Know
retry
shuffle
restart
0:02
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
chapter 22
| Term | Definition |
|---|---|
| sole proprietorship | a business owned and operated by a single person |
| financial capital | money used to buy the tools and equipment used in production |
| partnership | the relation subsisting between partners |
| articles of partnership | formal legal papers specifying the arrangement between partners |
| corporation | an association of individuals, created by law or under authority of law, having a continuous existence independent of the existences of its members, and powers and liabilities distinct from those of its members. |
| charter | authorization from a central or parent organization to establish a new branch |
| stock | a supply of goods kept on hand for sale to customers by a merchant, distributor |
| stockholder | Also called stock owner. a holder or owner of stock in a corporation. |
| board of directors | people elected by the shareholders of a corporation to act on there behalf |
| cooperative | working or acting together willingly for a common purpose or benefit |
| labor union | an organization of wage earners or salaried employees for mutual aid and protection and for dealing collectively with employers; trade union. |
| right to work law | a state law making it illegal to refuse employment to a person for the sole reason that he or she is not a union member. |
| collective bargaining | the process by which wages, hours, rules, and working conditions are negotiated and agreed upon by a union with an employer for all the employees collectively whom it represents. |
| mediation | action in mediating between parties, as to effect an agreement or reconciliation |
| arbitration | the hearing and determining of a dispute or the settling of differences between parties by a person or persons chosen or agreed to by them |
| strike | to deal a blow or stroke to (a person or thing), as with the fist, a weapon, or a hammer |
| boycott | to combine in abstaining from, or preventing dealings with, as a means of intimidation or coercion |
| transparency | something transparent, especially a picture, design, or the like on glass or some translucent substance, made visible by light shining through from behind. |
| discrimination | an act or instance of discriminating, or of making a distinction. |
| social responsibility | the obligation a business has to pursue goal that benefit society as well as them selves |
Created by:
jordanwoody1
Popular Economics sets