A business owned and managed by a single individual.
What is Sole Properietorship?
100
A business organization owned by two or more persons who agree on a specific division of responsibilities and profit.
What is partnership?
100
A legal entity owned by individual stockholders each of whom faces limited liability for the debt.
What is Corporation
100
Combination of two or more firms competing in the same market with the same goods and services.
What is Horizontal merger?
200
Certain professionals such as doctors and day-care providers, may also be required to obtain this from the state.
What is Business License?
200
Share equally in both responsibility and liability such as doctors, lawyers, accountants, and other professionals.
What is General partnership?
200
A share representing in a corporation.
What is Stock?
200
Business combination merging more than three businesses that make unrelated products.
What is Conglomerate?
300
This may prohibit sole proprietors from operating businesses out of their homes.
What is Zoning law?
300
Only one partner has unlimited personal liablility for the firms actions.
What is Limited partnership?
300
Corporations that sell stocks on the open market.
What is Public Held Corporation?
300
Worlds largest corporations producs and sell their goods and services throughout the world.
What is MNC?
400
You get a student loan for college. After you graduate from college you still have to pay the student loan back even if you dont make enough money to pay it all back.
What is Liability?
400
Not all types of businesses are allowed to register for this type of partnership.
What is LLP?
400
Advantage for the corporations that repay with interest the amount it borrowed from the buyer.
What is a Bond?
400
Join two or more firms involved with production of a good and service. (Time-Warner, Tuner Corporation)
What is Vertical merger?
500
Payments to employees other than wages or salaries such as paid vacations, retirement pay, and health insurance.
What is fringe benefits?
500
Requires common ownership interests, profits and loss sharing, and shared management responsibility.
What is UPA?
500
Portion of corporate profits paid out to stock holders.
What is Dividend?
500
License to form a corporation issued by state and government.