Terminology 1
______ is the purchase of one company by another, usually by buying its stock.
Acquisition
An ______ are Individuals in large firms who take responsibility for the development of innovations within the organization.
Intrapreneurs
___ ___ is a Corporation owned by just one or few people who are closely involved in managing the business.
Private Corporation
A ____ ____ is a businesses owned and operated by one individual, are the most common form of business organization in the United States.
Sole Proprietorship
____ ____ is a precise statement of the rationale for the business and a step-by-step explanation of how it will achieve its goals.
Business Plan
A ____ is the combination of two companies (usually corporation) to form a new company
Merger
_____ _____ is a corporate whose stock anyone may buy, sell or trade.
Public Corporation
______ are shares of a corporation that may be bought or sold.
Stock
_____ ____ is a legal document that the state issues to a company based on information the company provides in the articles of incorporation.
Corporate Charter
_____ are entrepreneurs who develop business with five or fewer employees.
Micro Entrepreneurs
A __ ___ is a Corporation taxed as though it were a partnership with restrictions on shareholders.
S Corporation
_____ is the lack of funds to operate a business normally.
Under-capitalization
_______ is the process of creating and managing a business to achieve desired objectives.
Entrepreneurship
____ ____ are Corporations that focus on providing a service rather than the earning a profit but are not owned but a government entity.
Nonprofit Organization
____ ____ ___ is an independent agency of the federal government that offers managerial and financial assistance to small businesses.
(SBA) Small Business Administration
___ ___ is are persons or organizations that agree to provide some funds for a new business in exchange for an ownership interest or stock.
Venture Capitalist
______ is the company that sells a franchise
Franchiser
A _____ is a form of business organization defined by the Uniform Partnership Act as “ An association of two or more persons who carry on as co-owners of a business for profit”.
Partnership
A ____ ____ is an individuals who use entrepreneurship to address social problems.
Social Entrepreneur
____ ____ ___ is a form of ownership that provides limited liability and taxation like a partnership but places fewer restrictions on members.
Limited Liability Corporation