Sole Proprietorships
A business owned and operated by a single person.
What is sole proprietorship?
A business owned by two or more people.
What is a partnership?
Association of workers originated to improve wages and working conditions.
What is a Labor Union?
The obligation businesses have to pursue goals that benefit society as well as themselves.
What is Social Responsibility?
A type of business organization owned by many people but treated by law as though it were a person
What is a Corporation?
The most common form of business organization.
What is Sole Proprietorship?
A legal agreement in a partnership signed by two or more people.
What are the Articles of Partnership?
A union whose members all work at the same craft or trade.
What is a Trade Union?
An organization established by a company or an individual to provide money for a particular purpose, especially for charity or research.
What is a Foundation?
The people elected by the shareholders of a corporation to act on their behalf
What are the Board of Directors?
The money to run and expand a business.
What is Financial Capital?
Able to happen more often than Sole Proprietorships.
What is raising more money?
A union that brings together skilled and unskilled workers from the same industry.
What is a Industry Union?
The process of making business deals or conditions more visible to everyone.
What is Transparency?
A company that has permission to sell the supplier's goods or services in a particular area in exchange for a sum of money
What is a Franchise?
A person that decides what is sold, how many hours they are open, and receives all the profits from the business.
What is Sole Proprietorships?
Has a similar disadvantage as Sole Proprietorships.
What is unlimited liability for both partners?
The basic unit of each union.
What is Local?
A benefit that many companies have traditionally given to their workers
What is Health Insurance?
A business that does not intend to make profit for the goods and services it provides.
What is a Nonprofit Organization?
When Sole Proprietorships have no limits on their legal responsibility.
What is liability?
Has less liability that general partners.
What is Limited Partnership?
State laws forbidding unions from forcing workers to join.
What is Right-To-Work Laws?
The action when a manager of a corporation breaks the law on their financial report.
What is prosecution?
A situation in which union and company officials bring in a third party to try to help them reach an agreement.
What is Mediation?