lesson 1
sole proprietorship
a sole proprietorship is a business only owned by one person
types of unions
trade union
industrial union
consumer responsibility
Businesses must resale safe items and they must work properly
what can a sole owner of a company do
change hours change employees and what they will sell
the money needed to expand a company or run
financial capital
advantages of partnerships
raise more money, hire more employees, easier to borrow money from banks
strikers that use signs to carry mesages
foundation
an institution created to promote the public good
whats another word for limited partnerships
limited liability partnerships
a business that 2 or more people own and operate together
partnership
disadvantages of partnerships
split money each partner has to pay taxes and bills,
labor union?
zoijnks.
an organization of workers that seeks to improve wages
transparency
who elects the board of directors
stock holders
legal responsibility
liability
what is a corporation
Right-to-work laws
ban union shops
social responsibility
obligation to pursue goals that benefit society
what is a nonprofit organization
an organization not running for profit.
it's in the name
a document that permits a group of people to form a corporation
charter
franchise
a franchise is a business in which the owner is the only seller of a certain product
mediation and arbitration
mediation is a third party to resolve disputes
arbitration is a method where a third party listens to both sides and picks one
how much money do corporations give about every year
14 billion
what is collective bargaining
a process where officials meet to discuss with workers
legal order from a court to prevent activity
injuction