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ECO Topic 5 Vocab Matching
Publicly Held Corporation
A type of corporation that sells stock on the open market
Zoning Laws
Laws in a city or two that designate certain areas, or zones, for residential and business use
Multinational Corporation
A large corporation that produces and sells its goods and services in more than one country
Collective Bargaining
The process in which union and company management meet to negotiate a new labor contract
Business License
Authorization to operate a business issued by a local government
Conglomerate
A business combination merging more than three businesses that produce unrelated products or services
Certificate of Incorporation
A license to form a corporation issued by a state government
Horizontal Merger
The combination of two or more firms competing in the same market with the same good or service
Corporation
A legal entity, owned by individual stockholders, each of who has limited liability for the firm's debts
Bond
A formal contract issued by a corporation or other entity that includes a promise to repay borrowed money with interest at fixed intervals
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