Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
20 Cards in this Set
- Front
- Back
sole proprietorship
|
a business owend by one person
|
|
unlimited liability
|
owner is responsible for the companys debts
|
|
partnership
|
business owend by 3 people
|
|
corporation
|
compony that is registerd by the state and operates apart from the owner
|
|
limited liability
|
holds a firm owners responsile for no more then the capital that they have invested in
|
|
cooperative
|
orginizeation that is owend by and operated by there members
|
|
nonprofit organization
|
is a service that focuses on providing a service
|
|
franchise
|
a contractual agrement to use the name
|
|
producer
|
business that gathers raw goods
|
|
processor
|
changes raw muteral into more finished meteral
|
|
manufactures
|
business that makes finished products out of processers
|
|
interrmediary
|
moves goods to places
|
|
wholesaler
|
buys goods then releses them
|
|
retailer
|
buys goods from wholesalers then sells the goods
|
|
producing
|
proces of creating
|
|
pocurement
|
buying and relading goods
|
|
markiting
|
proces of planeing
|
|
management
|
proces of echiving goals by planing
|
|
finance
|
business of art of money manege ment
|
|
accounting
|
involevs mantaing and checing records
|