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Vocab
How They Work
Types
What to Know
Private or Public
100
Two or more taxes on the same income
What is Double Taxation?
100
Stockholders own this
What is stock?
100
Corporations that issues stock to only a few members, often family
What is a closely held corporation?
100
Raised through sale of stock
What is capital?
100
Wal-Mart
What is a public corporation?
200
Someone who owns shares of stock in a corporation?
What is a stockholder?
200
Three positions required for office
What are presidents, treasurers, and secretaries?
200
Sells stock to the open market
What is a publicly held corporation?
200
Easily sold or transferred
What is ownership?
200
Apple computers
What is a public corporation?
300
A legal entity owned by individual stockholders?
What is a corporation?
300
"Top of the chain" of representatives
What are stockholders?
300
Taxed separately from its owner
What is a C corporation?
300
A corporation has unlimited life. (True/False)
What is True?
300
Saras on Presque Isle
What is a privately held corporation?
400
The combining of two or more companies
What is a merger?
400
Responsible for negotiating with vendors, hiring, and firing employees
Who are officers?
400
Do not pay income tax, but its shareholders
What is a S corporation?
400
The annual payment stockholders receive
What is a dividend?
400
Chrysler
What is a privately held corporation?
500
Primary rules governing the management of a corporation
What are Articles of Incorporation?
500
Face limited liability
Who are stockholders?
500
Most major companies are treated like this type
What is a C corporation?
500
Type of management a corporation has
What is centralized management?
500
Mars (makes M&Ms, Pedigree pet food, Wrigley gum)
What is a private corporation?