Category 1
The money a person is paid for working. _______________________
wage
Unlimited personal liability means that the sole proprietor is completely responsible for all business ____________________
a) decisions
b) debts
b) debts
A _____________________ is a business that is owned by one person
sole proprietorship
What labor has the lowest amount of human labor?
Unskilled worker
All the people who work for money. _____________________
labor force
People who want to start a __________________must get permission from the government.
a) partnership
b) corporation
b)Corporation
A business that is owned by 2 or more people is a ______________________
Partnership
What labor requires a minimal amount of training
The education, training, and experience that makes a person useful in the workplace. ________________
Human capital
As a persons human capital goes up, so do his or her _______________________
a) debts
b) wages
b)wages
A _____________________ is a business organization that is set up by a charter and has all the rights of an individual.
Corporation
What level is the second highest level labor of training required?
skilled labor
An organization that works for its members interests, such as fair wages, working conditions, benefits and hours. __________________________
Labor Union
If a person is 16 years old or older and has worked at least one hour for pay in the past week, he or she is considered ________________________
a) unemployed
b) employed
b) employed
Someone who owns stock in a corporation is a __________________________
Stockholder
What is the highest level of labor that requires the most training?
Professional labor
When union leaders meet with employers to talk about pay, working hours and benefits for workers. _________________________
Collective Bargaining
__________________________have the highest level of education.
a) unskilled workers
b) professionals
b) Professionals
A __________________________ lists the name, address and purpose of a corporation.
Charter
A teacher is which level of labor?
a)skilled labor
b)semi skilled labor
c) professional labor
c) professional labor