Sole Proprietorship
a business owned and operated by a single person
What is Solo proprietorship?
A business owned by two or more people
What is a parnership?
A type of business that is owned by a group of people and operates under a license?
What is Corporation?
an organization of workers that seeks to improve the wages and working conditions of its members
What is a labor union
A legal order from a court to prevent some activity
What is an injunction?
The money used to run or expand a business
What is Financial capital?
To make something more understandable
What is clarity?
A government document granting permission to organize a corporation
What is a charter?
State laws forbidding unions from forcing workers to join.
What are right-to-work laws?
When management closes a workplace to prevent union members from working
What is a lockout?
The legal responsibility for something, such as an action or debt
What is liability?
People who run the business
What is General Partners?
The people elected by shareholders of a corporation act on their behalf
What is a board of directors?
The process by which unions and employes negotiate the conditions of employes
What is collective bargaining?
All union members refuse to work
What is a strike?
To seek information or advice from a person or resource
What is a consult?
an unfavorable circumstance or condition that reduces the chances of success or effectiveness
What is a disadvanage?
The corporation's biggest advantage
What is the east of raising?
A circumstance or situation where a worker does not have to join a union.
What is a modified union shop?
situation in which union and company a union and company officials bring in third parties to help them reach an agreement.
What is mediation?
Dry cleaners, auto repair shops, beauty shops, and local restaurants.
What are examples of a small business?
Own and share a business
What is Limited partnership?
A company that has permission to sell the supplier's goods or services in an area for an exchange of money
What is a franchise?
Someone who makes sure that these elections are carried out fairly and honest
What is an agency of the federal government?
Situation in which union and company officials submit the issues they cannot agree on to a neutral third party for a final decision