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16 Cards in this Set
- Front
- Back
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an establishment owned by two or more persons in which only one person has unlimited personal liability for the business
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limited partnership
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nonprofit association that promotes the interests of a particular industry
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trade association
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money and other valuables belonging to an individual or business
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assets
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a business owned and managed by a single individual
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sole proprietorship
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a business organization owned and operated by a group of individuals for their mutual benefit
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cooperative
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a legal entity owned by individual stockholders
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corporation
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a certificate issued by a corporation promising to repay a loan with interest to the buyer
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bond
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an establishment formed to carry on commercial enterprise
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business organization
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the legally bound obligation to pay debts
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liabilty
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a share representing a portion of ownership in corporation
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stock
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authorization to start a business issued by the local government
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business license
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the portion of corporate profits paid out to stockholders
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dividend
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regulation in a city or town that designates separate areas for residency and business
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zoning laws
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and institution that functions like a business but does not operate in order to gernerate profits
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nonprofit organization
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the joining of two or more firms competing in the same market with the same good or service
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horizontal merger
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a business in which the owners share equally in both responsibility and liability
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general partnership
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