Show:
Tyes of Businesses
Labor Force
Organized Labor
Terms
100
business owned by one person
What is a sole proprietorship?
100
money a person is paid for working
What is wages?
100
In collective bargaining, union leaders meet with them to talk about things like pay, working hours, and benefits for workers.
What are employers?
100
money owed
What is debt?
200
90% of all businesses are this type.
What is a corporation?
200
people who usually are paid hourly wages and do jobs that do not require training or specialized skills
What is unskilled labor?
200
when workers refuse to go to work in order to get company leaders to listen to their demands
What is to strike?
200
a certificate of ownership in a corporation
What is stock?
300
75% of all businesses are this type.
What is a sole proprietorship?
300
the education, training, and experience that make a person useful in the workplace
What is human capital?
300
an organization that works for its members' interests, such as fair wages, working conditions, benefits, and hours
What is a labor union?
300
an official paper from the government that gives permission to start a corporation
What is a charter?
400
least common type of business
What is a partnership?
400
those with the highest level of education and are usually paid a salary
What is professional labor?
400
As a person's human capital goes up, his or her _____ goes up.
What are wages?
400
a person who owns stock in a corporation
What is a stockholder?
500
In order to set up this type of business they must ask for permission from the government.
What is a corporation?
500
those who do jobs that require a minimal amount of training, usually receive an hourly wage and operate certain types of equipment
What is semiskilled labor?
500
Before 1935 employers did not like them, and if people belonged to them, they were not hired.
What are unions?
500
complete responsibility for all business debts
What is unlimited personal liability?