Multinationals/ mergers
What are the merge of 2 companies that make the exact same product?
Horizontal mergers
What is a legal entity owned by stock holders?
Corporation
Sole proprietorship is one person in charge, (True, or False)
True
What are three types of partnerships?
general partnerships, limited partnerships, and liability partnerships
Merge of two or more companies in different stages of making the same product
Vertical mergers
What is a corporation that can publicly buy stocks?
Publicly held corporation
How many people share the profit in a sole proprietorship?
One
What is a type of partnership where partners share responsibilities and liabilities equally?
General partnership
A conglomerate has at least how many companies?
3
Corporation where select few can buy or sell stock
Privately held corporation
What’s the biggest disadvantage in a sole proprietorship?
Liability
What are the two seperate roles in limited partnership?
General partner and Money partner
What are the disadvantages of having multinationals corporations?
Infulence, Culture/Politics, and job offerings can pay low wages and have poor working conditions
Certificate of ownership
Stock
Three maximum requirements to start a sole proprietorship
Authorization, site permit, name
Who will get in trouble in limited partnership if the company gets sued/in trouble?
General partnership