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13 Cards in this Set
- Front
- Back
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a business owned by one person
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sole proprietorsip
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a business owned and managed by a small group
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partnership
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a business owned by a number of people and operated under written permission from the state in which it is located.
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corporation
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written permission
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certificate of incorporation
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people who own stock in a corporation
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shareholders
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How to manage a successful business?
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planning, organizing, staffing, leading, controlling
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a group with responsibility to guide the operations of a corporation
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a board of directors
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the profits that each shareholder recieves is called?
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dividend
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a written contract granting permission to sell someone else's product or sevices in a prescribed manner, over a certain period of time, and in a specified territory.
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franchise
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The person or group of people who recieved permission from parent company to sell its products or services.
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franchisee
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The parent company that grants permission to a person or group to sell its product.
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franchisor
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A business owned by the members it serves and is managed in their interest.
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cooperative
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An organization that provides services for citizens with revenue from their taxes and does not have earning a profit as a goal.
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municipal corporation
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