Chapter 22
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Sole proprietorship | a single business owned and operated by a single person.
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| Financial capital | the money need to run a business or enable it to grow
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| Partnership | business that two or more people operate and own
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| Articles of partnership | document identifies how much money each of you will contribute and what role each partner will play in a business
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| Corporation | is an organized business recognized by law that has many of the rights and responsibilities as an individual
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| Charter | a government document granting permission to organize.
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| Stock | or ownership shares of the corporation , that will be issued
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| Stock holders | become part owners of the corporations, uses the money received from sharing these stocks and set up and run business
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| Board of directors | act on their behalf, they hire managers to run the corporation on a daily basis
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| Cooperative | a voluntary association of people formed to carry on an economic activity that benefits it's members
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| Labor union | group of workers who band together to have a better chance to obtain a higher pay
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| Right to work law | prevent mandatory unions membership required by union shops
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| Collective bargaining | officials from the union helps the company meet and discuss workers
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| Mediation | third party who helps them reach a compromise
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| Arbitration | third party that listens to both sides then decides how to settle the disagreement
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| Strike | in which all workers refuse to go to work
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| Boycott | or refuse to buy a businesses products
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| Transparency | purpose to provide information to provide investors with full disclosure
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| Discrimination | that cannot treat with differently on a basis of race, religion, color,gender, age, durability
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| Social responsibility | the obligation to pursue goals that benefit society as well as themselves
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
jaziah griffin
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