Business Models
a business that is owned and controlled by one person with unlimited liability, sole responsibility, and complete control
Sole Proprietorship
shares, portions of a corporation you own
Stocks
form that is completed annually by current and prospective college students to determine their eligibility for financial aid
FASFA
A market where buyers and sellers are acting independently and can enter or exit the market easily is an example of...
Perfect Competition
Mrs. Walker's dog's name is...
Maylee Bean
a business that provides goods and services with particular goals in mind that typically aim to serve the community
Nonprofit
most often purchases form of share, represents a true ownership of a firm
Common Stock
aid that does not need to be repaid; received based on academic merit
Differs from perfect competition in one key aspect - sellers offer different, rather than identical products...
Monopolistic Competition
A market structure in which a few larger sellers control most of the production of a good or service
Oligopoly
a business that uses an original company’s name through a contract to sell goods and services of the parent company
Franchise
a business that shares the responsibility between two people that allows for specialization, shared decisions making, and shared business losses
Partnership
aid that does not need to be repaid; received based on financial need
Grant
Presence of only one seller controlling all production of a good or service
Monopoly
The need and purpose of Labor Unions have changed in the last century due to...
work force shifting to service-based industries
a business that is legally distinct from their owners and is treated as if it were an individual being able to hire workers, sign contracts, and purchase land all in the name of the company
Corporation
an organization of workers that negotiates with employers for better wages, improved working conditions, and job security
Labor Union
program that allows students to work part time while continuing their studies
Work Study
A few select sellers offering offering similar or identical products would be an example of...
Oligopoly
Someone can generally determine how well the Stock Market is doing by looking at the...
DOW Jones
a business that is owned collectively by its members that share decision making and sometimes risk
Cooperative
receives their profit before other shareholders, even if the company is not doing well
Preferred Shock
Student loans must be...
PAID BACK
An ideal market structure in which buyers and sellers each compete directly and fully under the laws of supply and demand
Perfect Competition
Which of the following is NOT a challenge to Labor Unions?
Allowing for employee case-by-case situations