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ECO Topic 5 Lessons 1,2,3 & 7 Pearson Realize

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Term
Definition
show A business owned and managed by a single individual  
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Business Organization   show
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show Authorization to operate a business issued by a local government  
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Zoning Laws   show
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show The legal obligation to pay debts  
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Fringe Benefits   show
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Partnership   show
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General Partnership   show
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Limited Partnership   show
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show A partnership agreement that spells out each partner's rights and responsibilities  
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Assets   show
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Business Franchise   show
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show The share of earnings given by a franchisee as payment to the franchiser  
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Corporation   show
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show A certificate of ownership in a corporation  
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show A type of corporation that issues stock to only a few people, who are often family members  
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show A type of corporation that sells stock on the open market  
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Bond   show
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Certificate of Incorporation   show
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Dividend   show
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Limited Liability Corporation   show
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show The combination of two or more firms competing in the same market with the same good or service  
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Vertical Mergers   show
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Conglomerate   show
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show A large corporation that produces and sells its goods and services in more than one country  
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show An organized work stoppage intended to force an employer to address union demands  
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show A measure that bans mandatory union membership  
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Blue-Collar Worker   show
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show Someone who works in a professional or clerical job and who usually earns a weekly salary  
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Collective Bargaining   show
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show A settlement technique in which a neutral person, the mediator, meets with each side to find a solution to both sides will accept  
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Arbitration   show
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Created by: cwarsing
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