Sole Proprietorships
Partnership
Corporations
Organized Labor
Vocabulary
100

a business owned and operated by a single person?

what is a sole proprietorship?

100

a business owned by two or more people.

what is partnership?

100

a type of business organization owned by many people but treated by laws as though it were a person

What is a corporation 

100

assocition of workers organized to improve wages and working conditions 

What is Labor union 

100

the obligation businesses have to pursue goals that benefit society as well as themselves

What is social responsibility

200

To seek information or advice from a person or resource?

What is consult?

200

To make something more understandable.

What is clarify?

200

a government document granting permission to organize a corporation 

What is charter?

200

state laws forbidding unions from forcing workers to join

What is right-to-work laws

200

an organization established by a company or an individual to provide money for a particular purpose, especially for charity or research?

what is foundation?

300

The money used to run or expand a business? 

What is financial capital?

300

People who are responsible for the business 

What is general partners?
300

The people elected by the shareholders of a corporation to act on their behalf.

what is board of directors?

300

process by which unions and employers negotiate the conditions of employment 

What is collective bargaining 

300

very important,especially for its effect on something?

what is transparency?

400

The legal responsibility for something, such as an action or a debt.

What is liability?

400

partners who have less liability than general partners. 

What are limited partners 

400

a compay that has permission to sell the supplier's goods or services in a particular area in exchange for a sum of money.

What is franchise?

400

When workers deliberately stop working in order to force an employer to give tn to their demands

What is strike 

400

to make something known?

what is reveal?

500

dry cleaners, auto auto repair shops, beauty shops, and local restaurants.  

What are examples of small businesses?

500

General and limited partners

What are the two types of partners?

500

a business that does not intend to make a profit for the goods and services it provides.

What is nonprofit organization 

500

a court order to stop some kind of action

what is injunction

500

The process of making business deals or conditions more visible to everyone.

what is transparency?

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