sole proprietorship
this is a business owned by one person
what is a sole proprietorship?
this is a business owned by two or more people.
what is a partnership?
this is a business that is owned by a group of people
what is a corporation?
this is association of workers organized to improve wages.
what is labor union?
this is the process by which unions and employees negotiate the conditions of employment.
what is collective bargaining.
what is financial capital?
this means to explain an elaborate.
what does clarify mean?
A corporation is legally recognized by the state as a body that is separate from the people that own it.
what does she state view the corporation as?
unions still play an important role in the United States.
what does unions play role in?
in this process, the officials from this union meet to discuss the workers' contracts.
what happens in the collective bargaining process?
this is the legal responsibility for something such a as an action or debt.
what is Liability?
the full phrase is limited liability partnership.
what does LLP stand for?
stockholders elect a board of directors at a meeting.
where do stockholders elect a board of directors?
unions also seen gains in the public service sector.
what do unions see gains in?
with most contracts, two sides reach agreements in the begining.
what happens in the beginning of most collective bargaining processes?
one problem about liability is if the business cannot pay its best or losses a lawsuit.
what is a problem about liability?
limited partnership and general partnership.
what what are the two types of partnerships?
the state where the corporation is formed the states grants the company a charter.
when a corporation is formed what does the state grant the company?
trade union and industrial union.
what are the two types of unions?
sometimes the negotiations break down.
what happens sometimes in the collective bargaining process?
this means to seek information.
what is consult?
partnerships can be any size.
what size can partnerships be?
the corporation biggest advantage is the ease of raising financial capital.
financial capital is what?
this is a union that might have electricians and carpenters.
what is industrial unions?
If this happens, unions have methods they can use to pressure the other side to accept their position.
what happens when the negotiations break down?