TERMS
BIG BANK
What the Business be?
Give it Detail
NEED TO KNOW
100

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 occurs when two formerly separate firms combine to become a single firm.

A corporate merger

100

an institution, firm, or individual who mediates between two or more parties in a financial context

Financial Intermediary

100
  • This is a business owned and operated by one person. This type of business organization is not only the most profitable but also the most numerous.

 sole proprietorship

100
  • which is a firm that owns at least four businesses that make unrelated product.

conglomerate

100
  • which involves companies joining together to protect themselves against the possible loss of suppliers and streamline the manufacturing process.

vertical merger

200

refers to one firm buying another firm

acquisition

200

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  • institutions commonly thought of as banks. Provide familiar services such as checking and savings accounts, credit cards, & investment services.

Commercial Banks

200

generally a business owned by two or more people.

partnership

200

exists where all of the partners share the responsibility for all the aspects of the business

general partnership

200

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which occurs when two or more firms that produce the same kind of product join together.

horizontal merger

300

The laws that gives the government the power to block certain mergers, and even in some cases to break up large firms into smaller ones, are called?

antitrust laws.

300
  •  institutions such as mutual savings banks, savings and loans, and credit unions developed to help individuals not served by commercial banks. Help customers save money, acquire loans, and invest.

Retail Banks

300

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  • In order to take your partnership or sole proprietorship to this level, the company has to ask permission from the national and state governments to incorporate.

corporation

300

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  • is when one or more partners do not participate in the business at all, but are instead financial partners or “silent partners”.

limited partnership

400

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- the ownership of businesses by private individuals.

Private enterprise

400
  • government banks that manage, regulate, and protect both the money supply and banks themselves. Issue currency and set monetary policy.

Central Banks

400

The main strength of the corporation is that it is considered a?

“legal entity”.

400
  • The (blank), or the real measure of a business’s profits, can help to produce additional products through (blank), which in turn can generate additional sales and a larger cash flow during the next sales period.

cash flow; reinvestment

500

an agreed-upon system for measuring the value of goods and services

Medium of exchange

500

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WHAT IS THE NAME OF THE ENTITY TO ENSURES DEPOSITS MADE AT BANKS AND THE MONEY THAT BANKS HOLD.

FDIC

500

There are three forms of business organization in the United States. What are they?

sole proprietorship, partnership, corporation.

500

There are several reasons why companies may merge: What are the 5 reasons companies merge?

1) to make the company larger (2) to become more efficient (3) to acquire a new product line (4) to catch up or even eliminate their rivals and finally (5) to lose its corporate identity.

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