Business Organizations
A business organization which is run by a single person
What is Sole Proprietorship?
What is not a reason for merging companies?
What is to slow down growth?
______________ represent member interests in various employment issues.
What are Labor Unions?
A type of patent that covers any original, new and ornamental design for an article of manufacture
What is a design patent?
If a worker, with no reasonable alternative, refuses in good faith to expose himself or herself to a dangerous condition, he or she would be protected from subsequent ______________.
What is retaliation?
A tax paid by consumers when purchasing a product or service
What is Sales Tax
To establish a corporation, the people who want to incorporation must file for a ___________ from the government.
What is a charter?
This is a type of merger which involves firms that produce the same kind of product?
What is a horizontal merger?
Type of organizations that operate like businesses but do not seek profits
What are Nonprofit organizations?
Businesses are not required to register a ________in the US
What is a trademark?
When an OSHA area director determines that there has been a violation of OSHA standards, regulations, or other requirements, the area director issues a
What is a citation?
A person responsible for paying self employment tax
Who is a self-employed individual?
One disadvantage of a ___________ is that the “owner” has to pay a fee and royalties to run the business.
What is a franchise?
______________________ is a method that entrepreneurs use to secure financing
What is crowdfunding?
Schools, churches, and hospitals are _______________
What are nonprofit organizations?
Copyrights, patents, and ____________ are Intellectual Property
What are trade secrets?
This is where employers must display the official poster, Job Safety and Health: It's the Law
What is a place where workers can see it?
All business structures face __________ legal implications and tax responsibilities
What are different?
In a _______________, each partner is fully responsible for the acts of all other partners.
What is a general partnership?
____________________ often fund projects for family, friends, or others who have potential, but could not otherwise obtain the funding.
Who are Angel Investors?
______________ are financial organizations that accepts deposits, makes loans, and provides other financial services for members
What are Credit Unions?
Requiring ______________ for employees can help trade secrets from being misused
What are non-disclosure statements?
_______________ is NOT covered under the OSH Act
Who are the self employed?
To ensure compliance with complex tax laws an ____________ should seek advice and counsel about taxation
Who is an entrepreneur?
The main disadvantage of a corporation is that the owner has ___________________.
What is unlimited liability?
A ___________________ provides investment funds for established businesses in exchange for ownership shares.
What is a venture capitalist?
Service, Producer, and ___________________ are the three types of cooperatives
What is Consumer?
This is how long a patent lasts
What is 20 years?
Covering employee benefits and taxes are the purpose of ____________
What are Payroll deductions?
The current sales tax for Colorado is
What is 2.9%