Sole Proprietorship
A business owned and operated by a single person
Sole Proprietorship
A business that does not intend to make a profit for the goods and services it provides
Nonprofit Organization
Association of Workers organized to improve wages and working conditions
Labor Union
a union tactic in which striking workers walk with signs that express their grievances
picketing
A business owned by two or more people
Partnership
The people elected by the shareholders of a corporation to act on their behalf.
Board of Directors
State laws forbidding unions from forcing worker to join
Right-To-Work-Laws
When management closes a workplace to prevent union members from working.
lockout
The legal responsibility for something, such as an action or a debt
Liability
A type of business organization owed by many people but treated by law as though it were a person
Corporation
Situation
Circumstance
A court order to stop some kind of action
injunction
The money used to run or expand a business
Financial Capital
A company that has permission to sell the goods or services
Franchise
A process by which unions and employers negotiate
Collective Bargaining
Situation in which union and company officials bring in a third party to try and help them reach an agreement
mediation
To seek information or advice from a person or resource
Consult
A government document granting permission to organize a corporation
Charter
when workers deliberately stop working in order to force an employer to give in to their demands.
Strike
Situation in which union and company officials submit the issues they cannot agree on to a neutral third party for a final decision
arbitration