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E
100
Investment that represents an ownership share in a corporation

What is stock?

100

Legal entity that is separate and distinct from its owners that enjoys most of the rights and responsibilities that individuals possess

What is a corporation?

100

A corporation that conducts its affairs in its home country

What is a domestic corporation?

100

The authority to vote stock at the annual meeting of a corporation

What is a proxy?

100
The governing body of a corporation that reports to its shareholders

What is the Board of Directors?

200

The chairman of the board, president, executive vice presidents and other top executives appointed by the Board of Directors of a corporation

What are corporate officers?

200

Group of individuals or organizations combined to undertake some specific duty that requires a large amount of capital

What is a syndicate?

200
A business owned and usually operated by one person
What is a sole proprietorship?
200

The concept that sole proprietors are personally responsible for all debts incurred by the business

What is unlimited liability?

200
A business entity owned by two or more persons, both of whom assume unlimited liability for the business
What is a general partnership?
300
This type of partner invests money in a partnership but is liable for debts only to the extent of his/her investment
What is a limited partner?
300
This type of partner takes an active role in business operations and has unlimited liability for the debts of the partnership
What is a general partner?
300

Form of ownership in which a group of sole proprietorships or partnerships agree to work together for common benefits

What are cooperatives?

300
The concept that an investor's liability is limited to the amount of his/her personal investment in the business
What is limited liability?
300

Strategic alliance in which the collaboration involves joint ownership of the new venture

What is a joint venture?

400

This disadvantage to incorporation means that profits are taxed at both the corporate level and again on the ownership level

What is double taxation?

400
A corporation in which the stock is held by only a few people and is not available for sale/purchase to the general public
What is a closely held corporation?
400
A corporation whose stock is widely held and available for sale to the public
What is a publicly held (public) corporation?
400
This business entity is a hybrid of a closely held corporation and a partnership, but stockholders must be U.S. citizens and meet other requirements
What is a Subchapter S corporation (S corporation)?
400
Stock owned by shareholders of a corporation that entitles them to vote on corporate matters at the corporation's annual meeting

What is a common stock?

500
The owners of a corporation
What are stockholders (or shareholders)?
500
The collaboration of two or more organizations on a project for mutual gain
What is a strategic alliance?
500
This stock doesn't have voting right but stockholders receive dividends before other stockholders

Preferred stock

500
The distribution of a company's earnings to a class of its shareholders

What are dividends?

500

Hybrid of corporation and partnership in which owners are taxed as partners but enjoy the benefits of limited liability

What is a limited liability corporation (LLC)?
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