Sole Proprietorships
a business owned and operated by a single person
what is a sole proprietorship?
to explain; to make something more understandable
what does it mean to clarify?
a business that is owned by a group of people and operated under a license.
what is a corporation?
association of workers organized 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 a social responsibility
the money used to run or expand a business
what is a financial capital
partnerships that have over sole proprietorships is that they can raise more many
What is an advantage of a partnership?
a government document granting permission to organize a corporation
what is a charter?
state laws forbidding unions from forcing workers to join
what is the right - to - work laws?
an organization established by a company or an individual to provide money for a particular purpose, especially for charity or research.
to seek information or advice from a person or resource
What does consult mean?
general partnership is the same as that of a sole proprietorship. Each partner has unlimited liability.
what is a disadvantages of partnerships?
the people elected by the shareholders of a corporation to act on their behalf
what are board of directors?
a situation
what is a circumstance?
very important, especially for its effect on something
what does it mean for it to be crucial?
the legal responsibility for something, such as an action or a debt
what is a liability
limited liability partnership
what does LLP stand for?
corporation
what is the most complicated form of business?
process by which unions and employers negotiate the conditions of employment
what is collective bargaining?
to make something known
what does reveal mean?
a business owned by two or more people
what is partnership?
some owners are limited partners and some are general partners. limited partners own a share of the business but have no direct involvement in running or managing it.
what is limited partnership?
each share a of stock owned
what is a stockholder?
a court order to stop some kind of action
what is an injunction?
the process of making business deals or conditions more visible to everyone
what does transparency?