vocab
vocab
vocab
vocab
vocab
100
A corporation in which stock is issued to members of the board and officers but is not issued to the general public
What is closed corporation
100
An enterprise that is formed by filling the Articles of Incorporation that is authorized to act with the rights and liabilities of a person
What is corporation
100
A security that represents ownership in a corporation
What is common stock
100
Papers that state the reason and purpose for incorporating and the regulations by which the corporation will be governed
What is Articles of Incorporation
100
People who are elected by the stockholders of a corporation, set the policies of the corporation, and appoint officers to carry out their policies
What is board of directors.
200
a company owned by at least two people who contribute time and money to the business and share liability
What is partnership
200
A corporation in which shares of stock are sold to the public
What is open corporation
200
A business owned by only one person
What is sole proprietorship
200
A financial report published once a year by a corporation and distributed to its stockholders
What is annual report
200
Profit made from the sale of stocks
What is capital gain
300
The money an investor uses to purchase stock
What is equity capital
300
Sole proprietorship, partnership, or corporation
What is business structure
300
The rules and regulations by which a corporation is governed
What is bylaws
300
Result of stocks selling for less than the investor paid for them
What is capital loss
300
Part of an annual report that lists the corporations assets and liabilities
What is balance sheet
400
Part of an annual report that lists the revenue, expenses, and profit or loss for the year
What is income statement
400
The amount of money an investor can afford to lose without altering his or her standard of living
What is risk capital
400
A letter to stockholders from the chairman of the board of directors summarizing the past years performance
What is shareholders letter
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