Ships
Corporations
Workers
Labor
+ / -
100
a business owned by a single individual
What is a sole proprietorship?
100
legal entity
What is a corporation?
100
working at an industrial job
What is blue collar worker?
100
No specialized skills
What is unskilled labor?
100
provide jobs and products world wide
What is an MNC?
200
All partners are limited partners
What is LLP?
200
owned by individual stock holders
What is a coporation?
200
someone in a professional or clerical job
What is a white collar worker?
200
Lifeguard
What is semi-skilled labor?
200
High fees and royalties
What is the disadvantage of a franchise?
300
one partner has unlimited liability
What is limited partnership?
300
sell their products throughout the world
What is an MNC?
300
hires only union workers
What is a closed shop?
300
Advanced skills a doctor, actor, lawyer, teacher
What is professional labor?
300
More opportunity for growth by selling stock.
What is an advantage of a corporation?
400
partners share equally in both responsibility and liability
What is a general partnership?
400
sell stock on the open market
What is a publicly held corporation?
400
education increases productivity
What is the learning effect?
400
Mechanic, firefighter, chef, carpenter
What is skilled labor?
400
potential for conflict
What is a disadvantage of a partnership?
500
authorization to start a business
What is a business license?
500
closely held corporation
What is a coporation with only a few stock holders usually family members.
500
screening effect
What is a workers that has complete college and is assumed intelligent and hardworking.
500
the assured inclusion of minorities and women
What is affirmative action?
500
easy to start up
What is an advantage of a partnership?
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