It all comes together
A written document that describes the nature of the business, its goals and objectives.
Business Plan
Creditor
A person or business to which money is owed
A Business owned by two or more people
Partnership
Elected by stockholders
Board of Directors
An employee who is given funds and freedom to create a special unit or department is a
Intrapreneur
Stockholders
Owners of a corporation
If you have Unlimited Financial Liability, that means
You could potentially pay all debts if your partner(s) are not able to pay their share
Owners of a company by possessing shares
Stockholders
A business owned and managed by one person
Proprietorship/Sole Proprietor
Agency Dilemma
occurs when a agent, or someone who works for another, pursues their own interest over their employers
A document identifying how capital, labor, and other assets as well as profits will be decided between two companies is known as what
Titles of their names are often shortened to letters
Officers
Because they furnished expertise, money, and management this person is entitled to all the profits earned by a business
Proprietor
Officer
Top executives who are hired to manage the business
A company who can not contribute as much to a business but is still working with another company is participating in a
Limited Partnership
Singular owner of a business
Proprietor
Management and organization, operating plans, and competitive analysis are all part of what
a Business Plan
Charter (certificate of incorporation)
the official document through which a state grants the power to operate as a corporation
What happens to a company who can not fulfill the requirements of their agreement while working with another company
They will lose their limited statues and have unlimited liability
While not the owner, this person has the freedom of running their operation with little or no interference
Intrapreneur