Economic institution that works in a businesslike manner but does not seek financial gain:
What is a nonprofit organization?
100
A business owned and run by one person:
What is a sole proprietorship?
100
This is the most common form of business in the United States:
What is a sole proprietorship?
100
A court-granted permission to an individual or business to cease or delay debt payments:
What is bankruptcy?
100
Organization of workers formed to represent its members' interests in various employment matters:
What is a labor union?
200
A corporation that has operations in a number of different countries:
What is a multinational?
200
Negotiations between representatives of labor and management:
What is collective bargaining?
200
A combination of two or more businesses to form a single firm:
What is a merger?
200
A firm ceases to exist when the owner dies, quits, or sells the business:
What is limited life?
200
A business organization recognized by law as a separate legal entity having all the rights of an individual:
What is a corporation?
300
A government document granting permission to create a corporation is called a:
What is a charter?
300
Regulation of public utilities best illustrates the ____________ role of government.
What is indirect?
300
A non-cash charge a firm takes for the general wear and tear on its capital goods:
What is depreciation?
300
This is why government controls are needed on public utilities:
What is public utilities usually have no competition?
300
A business combination of firms involved in different steps of manufacturing or marketing:
What is a vertical merger?
400
A credit union is an example of this type of cooperative:
What is a service cooperative?
400
This business association works with the community – school activities, neighborhood cleanup, neighborhood watch, favorable business legislation:
What is the Chamber of Commerce?
400
Voluntary association of people formed to carry on some kind of economic activity that will benefit its members:
What is a cooperative?
400
Doctors Without Borders is an example of a:
What is nonprofit organization?
400
This is the main strength of the corporate form of business organization:
What is ease of raising financial capital?
500
Basic ownership of a corporation, including voting rights, takes the form of:
What is common stock?
500
Have the ability to move resources, products, and financial capital across national boundaries with relative ease:
What is a multinational?
500
This is a major reason for conglomerate mergers:
What is diversification?
500
Horizontal mergers involve:
What is two or more firms that produce the same kind of product?
500
A corporation that has at least four businesses, each making unrelated products, none of which is responsible for a majority of its sales, is called a: