Show:
Sole Proprietorship & Partnership
Corporations
Unions etc.
The Labor Force
Mixed Bag
100
A sole proprietorship is owned and operated by how many people?
What is one.
100
People own bits and pieces of a corporation. These "bits and pieces" are commonly referred to as what?
What is stock.
100
Unions secure equal wages, working conditions and _____.
What are benefits.
100
This category of workers tend to do manual labor.
What is blue collar
100
A voluntary contract between two partners Lays out who is responsible for each part of the business
What are articles of partnership
200
In a sole proprietorship, who is liable if a business fails.
What is the owner.
200
When corporations combine with others, this is referred to as a _____.
What is merger.
200
When a union organizes a period of time when no one works in order to force a negotiation with an employer.
What is a strike.
200
This category of workers tend to take on more professional or administrative positions.
What is white-collar.
200
In arbitration, the third party makes these types of decisions.
What is binding decisions.
300
Partnerships can be one of two kinds. What is one of these two kinds?
What is general partnership or limited partnership.
300
When a corporation operates in more than one country.
What is a multi-national corporation.
300
When unions deliberately limit production or retain excess staff in (a business) in order to create jobs or prevent unemployment
What is featherbedding.
300
This is another term for part time labor.
What is contingent employment.
300
In mediation, a third party makes these types of decisions.
What is nonbinding decisions.
400
In a partnership, a general partner runs the business while the _________ partner simply contributes money.
What is a silent/limited partner.
400
A merger where companies buy out other companies who make similar products.
What is a horizontal merger.
400
These laws prohibit mandatory union membership.
What are right to work laws.
400
White collar workers tend to earn ______.
What is a salary.
400
This is a corporation where all shares are held by family members
What is closely-held corporations.
500
In a sole proprietorship, these types of laws might restrict your business from operating in a certain area.
What are zoning laws.
500
A merger where one company buys out another whose products are completely unrelated.
What is a conglomerate.
500
When union members come to the bargaining table with employers to negotiate benefits, wages and working conditions.
What is collective bargaining.
500
Blue collar workers tend to earn ____
What is wages.
500
A sum of money paid regularly by a company to its shareholders out of its profits.
What is a dividend.