Vocabulary
What is a partnership in a business format?
A form of business that is carried out through two equal individuals that equally own the company and run that company.
What business has 2 people as co-owners of the company?
Partnership
What is a Merger?
The combination of two companies to create a new company.
What is a public corporation?
A corporation where anyone can buy the stock of that specific company.
What is a common stockholder?
It is a stockholder that only has voting rights.
What is a corporation?
A business that the state set up and the owners do not have liability to this company.
What business only has one person running the company?
Sole proprietorship
What is an acquisition?
The purchase of one company by another company.
What is a private corporation?
It is owned by one or few people that closely manage the company and there is no stocks sold from the company.
What is a preferred stockholder?
They do not make decisions for the company but earn money before other stockholders.
What is sole proprietorship?
A business that is owned and ran by one individual.
What type of business is set up automatically by the state and the owners do not have as much control?
Corporation
What is a horizontal merger?
Companies that merge and have similar products.
What is a domestic corporation?
Conducts business in the state where it is chartered.
What is a tender offer?
When someone offers more than the current stock that the company has.
What is joint ventures?
A partnership for a certain amount of time or for only a project.
What type of company has limited liability and restrictions placed but has few restrictions on members?
Limited Liability Companies (LLCs)
What is a vertical merger?
Companies that merge and have two different industries compared to each other company.
What is a foreign corporation?
A corporation that is ran outside of the state where it was chartered.
What does shark repellant mean in business terminology?
It means steps that a company takes when stockholders want to takeover the company.
What is a s corporation?
A corporation that is getting taxed like it is a partnership and has less shareholders.
What is an organization that is made up of many smaller businesses that want to have the benefits of having a larger business?
Cooperatives
What is a conglomerate merger?
Companies that merge and have unrelated fields.
What is a alien corporation?
They conduct business outside of the nation that they were incorporated at?
What does white knight mean in business terminology?
It means a shareholder or friendly investor that steps in to rescue a firm from a unwanted or hostile takeover that is to deal with some stockholders with the company.