How are businesses organized?
These are businesses owned by one person. They are normally known as small businesses.
What is Sole Proprietorship?
Organizations that raise money that they do not profit or make money from. Also known as charities.
What is a Nonprofit Organization
A union who's members all work for the same cause/trade.
What is a Trade Union
Fast food restaurants and hotel chains are examples of this.
What is a Franchise?
The money needed to run a business or expand it.
What is Financial Capital?
Sole Proprietors have no limits on this. This is a legal responsibility. This could be a problem as well as a solution. It can cause you to have to sell your belongings to pay off debts.
What is a Liability?
This is a group of workers that team up to get the wages they want.
What is Labor Union?
This consists of all the members of a particular union who work in one factory, company, or area.
This is revealing or making public information about a corporation. The information is published to give investors full and accurate information. People can analyze the facts before they choose to invest money in the company.
What is Transparency?
A document that gives a group of people the permission to form a corporation
What is a Charter?
Two or more people own these businesses. They can be small or large businesses.
What is a Partnership?
These laws ban union shops
What are Right-To-Work Laws?
Striking workers stand in public carrying signs saying that they are on strike. The goal is to embarrass the company and to build public support for the strike.
What is Picketing?
To protect stockholders, corporations have to release this on a regular basis.
What are Financial Reports?
A legal order from the court to prevent an activity?
What is an Injunction?
A business owned by a group of people under a license. You can tell if a business is this type by the abbreviation after it. (Inc.)
What is a Corporation?
Officials meet up to discuss a contract during this. The contract sets the terms for working at the company. These conversations talk about wages and benefits of the job. Benefits include health insurance, sick days, and holidays.
What is Collective Bargaining?
In this all union members refuse to work. This action is designed to shut down the company or the industry in which the workers labor.
What is a Strike?
Businesses have responsibilities to their workers. They must also treat all workers fairly and without this.
What is Discrimination?
Situations where officials submit issues they cannot agree on for a final decision
What is Arbitration?
This is a business that sells a certain product that they have the rights to. Anyone who wants to sell this product must pay a fee to have rights to it.
What is a Franchise?
In this, the employer does not let workers enter the workplace. The owner hopes that the loss of income will force workers to accept company terms. Companies may hire replacement workers during this.
What is a Lockout?
When the parties cannot agree on a contract, they have other options, or choices. This is where they bring in a third party who tries to help them reach an agreement.
What is Mediation?
In an extreme situation, these people can temporarily take over a company or an industry if it is going to affect an entire country.
What is Government?
The process of making conditions and deals more visible to the public
What is Transparency?