A check that transfers a portion of the corporate earnings to a stockholder.
What is a dividend?
100
A business that is owned and run by one person.
What is a sole proprietorship or proprietorship?
100
Partners usually draw up legal papers called articles of partnership.
What is a general partnership?
100
A combination of two or more businesses to form a new company.
What is a merger?
100
Definition of sole proprietorship and an advantage and disadvantage of the business.
What is a business run by one person?
What is the owner has sole authority to make decisions and does not share the profits?
What is the owner is fully responsible for losses and debts?
200
Business that is jointly owned by two or more people.
What is a partnership?
200
Funds left over after all of the firm's expenses, including taxes, are subtracted from sales.
What is net income?
200
Form of business organization where owners have limited liability for debt. An advantage of this form of business.
What is a corporation?
200
A merger when two or more firms that produce the same kind of product join forces.
What is a horizontal merger?
200
Definition of partnership and an advantage and disadvantage of this business.
What is a business jointly owned by two or more people?
What is that there is shared responsibility?
What is that partners are responsible for each other's mistakes?
300
Financial organization that accepts deposits from, and makes loans to, employees of a particular company or government agency.
What is a credit union?
300
Negotiation by a labor union with management over issues, such as pay, working conditions, health care coverage, and vacation.
What is collective bargaining?
300
Regulation of a public utility is an example of the government playing this role in the economy.
What is an indirect role in the economy?
300
This type of merger takes place when firms involved in different steps of manufacturing or marketing come together.
What is a vertical merger?
300
Definition of corporation and an advantage and disadvantage of this business.
What is a business organization that has all the legal rights of an individual?
What is stockholders are only responsible to the limit of the value of the shares they hold?
What is shareholders have a limited voice in the day-to-day operations of the company?
400
A firm legally ceases to exist when an owner dies or sells ownership of the business.
What is limited life?
400
Sum of net income and non-cash charges.
What is cash flow?
400
Producer cooperative, chamber of commerce, and labor unions are these types of institutions.
What are types of nonprofit organizations?
400
Two reasons why businesses merge.
What are to increase or ensure their profits by becoming larger or more efficient?
400
A noncash charge the firm takes for the general wear and tear on its capital goods.
What is depreciation?
500
An organization that promotes the collective interests of its members rather than seeking financial gain for its owners.
What is a nonprofit organization?
500
Ownership certificates in a firm
What is stock?
500
In its direct role as an economic organization, the U.S. government does these types of things.
What are TVA (Supplies electric power to part of the southeast United States), Federal Deposit Insurance Corporation, and U.S. Postal Service?
500
The three forms of business organizations
What are sole proprietorship, partnership, and corporation?
500
This noncash charge stays in the business, the company treats it as a form of income. It is subtracted from the sales of a company but is added back to the net income to obtain the cash flow of the business.