Business Structures
Stockholders own pieces of the business
What is a corporation?
McDonald's, since it has a CEO, board of directors, and stockholders
An organization of workers that seeks to improve wages and working conditions
What is a labor union?
Workers stop working to have their demands heard
What is a strike?
Businesses provide basic needs in order to fulfill a responsibility to what
What is society?
One owner has full liability if anything goes wrong
What is a sole proprietorship?
NocturnalAlley, a small business owned by one person that makes and sells pillowcases
What is a sole proprietorship?
This is the largest organization of labor unions
Employers lock their doors to prevent union members from working
What is a lockout?
Apple fulfills a responsibility to society, specifically to this, by recycling iPhones and reusing parts in new phones
What is the environment?
Chik-fil-A is an example of this since you could buy a unit to own and operate
What is a franchise?
Many law firms are an example of this. Hupy and Abraham has two names because it's an example of this type of business structure
What is a partnership?
The process by which employers and workers negotiate the terms of employment
What is collective bargaining?
Workers carry signs to express their demands
What is a picket?
A business fulfills a responsibility to whom by not letting them use machinery if they are under 18
Who are employees?
Two or more owners make it easier to have more ideas
What is a partnership?
Culver's is the 6th best one of these, according to Entrepreneur.com, since there are lots of opportunities to open these across the country
What is a franchise?
What is a right-to-work law?
A court order prevents workers from striking or picketing
What is an injunction?
Businesses fulfill this responsibility by ensuring products sold are safe, and advertisements are true
Who are consumers?
This type of business is formed by a lot of people who want to carry on economic activity that benefits all members
What is a cooperative?
Habitat for Humanity is an example of this, since they provide housing to people but don't try and get a profit
What is a non-profit organization?
The government agency that oversees unions and rules on labor law
What is the National Labor Relations Board?
The county of Delano passed this in order to stop the strikers from saying "Huelga"
What is an injunction?
Business deals and conditions must be visible to everyone
What is transparency?