Sole Proprietorship
A business owned by one person
What is Sole Proprietorship?
A business owned by a group of people and operate under a license
What is a Corporation?
An organization of workers that seeks to improve the wages and working conditions
What is a Labor Union?
When workers stop working to make an employer give in to their demands
What is a Strike?
The people that buy goods and services from businesses
What are Customers?
The money used to run or expand a company
What is Financial Capital?
A company that has permission to sell the supplier's goods or services in exchange for money
What is a Franchise?
A union that brings together workers from the same industry
What are Industrial Unions?
When management closes a workplace to prevent union members from working
What is Lockout?
The obligation to pursue goals that benefit themselves and society
What is Social Responsibility?
A business owned by two or more people
What is a Partnership?
A corporation that does not profit for the good and services it provides
A union whose members all work at the same craft or trade
What are Trade Unions?
The process by which union and employers negotiate the conditions of employment
What is Collective Bargaining?
An organization established to provide money for a particular purpose
What is Foundation?
The legal responsibility for something
What is Liability?
The people elected by the shareholder of a corporation to act on their behalf
What is Board of Directors?
State laws that forbid unions from forcing workers to join
What are Right-to-Work Laws?
A situation in which union and company officials submit the issues they can't agree on to a neutral party for a final decision
What is arbitration?
The process of making business deal or conditions more visible to the public
What is Transparency?
A certain type of money
What is Currency?
A government document that grants permission to make a corporation
What is a Charter?
A union tactic where striking workers walk with signs that express their grievances
What is Picketing?
A legal order from a court to prevent some activity
What is Injuction?
What roles businesses play in society
What is food, clothing, and shelter?