Sole Proprietorships
A Business owned and operated by a single person
What is sole proprietership?
A business owned by two or more people
What is a partnership?
Organization of many people treated as one person
What is a corporation?
Association of workers organized to improve wages and conditions
What is a Labor Union?
The obligation businesses have to pursue goals
What is social responsibility?
To check with owners
what is consulting?
To explain
What is clarification?
The abbreviation of 'Incorporated'
what is 'Inc.'?
Situation
what is a Circumstance?
An organization established to provide money for a purpose
What is foundation?
The money used to run or expand a business
what is Financial Capital?
All partners are general partners.
What is a general parthership?
A government document granting permission to organize a corporation
What is a Charter?
Unions and employers negotiate working conditions
What is collective bargaining?
Important
What is Crucial?
A sole proprietership of smaller size
what is a Small Business?
Some owners are limited and some are general.
What is limited partnership?
The people elected by the shareholders to act on their behalf
What is a Board of directors?
Workers stop working to make employers give in to demands
What is a strike?
Making public
What is Revealing?
The legal responsibility of someone
What is a liability?
Limited partners with less liability
what is Limited liability?
A business in which the owner is the only seller of a certain product in a certain area
What is a franchise?
Union and company officials bring in 3rd party to help reach comprimise
what is meditation?
The process of making business deals more public for everyone to see
What is Transperency?