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42 Cards in this Set
- Front
- Back
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Acquisition |
the purchase of one company by another |
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Board of Directors |
governing body of a company that reports to the shareholders and runs day to day activities of the company.
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Business Plan |
how a business will be ran and what the company intends to do.
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Chief Executive Officer (CEO) |
top manager responsible for the company
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Closely held (private) corportation |
business where few people hold the stocks and is not sold publicly.
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Cooperative |
form of ownership in which a group of sole proprietors join together for common benefits
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Corporate Governance |
roles of shareholders, directors and other managers in the decision making of the company.
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Corporation |
business that is separate from its owners and their liability extends to their investments.
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Divestiture |
when a firm sells one or more of its business units.
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Double Taxation |
taxes on a business's profits and the shareholders' dividend.
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Employee Stock Ownership (ESOP) |
when a company holds its stocks for its employees and they gradually obtain part ownership of the company.
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Entrepreneur |
person who accepts the risks and rewards of starting a business.
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Entrepreneurship |
process of starting a business within the risks.
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Established Makret |
one where firms operate and compete according to well-defined critieria
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First-mover advantage |
when a firm moves on a venture before others and benefits
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Franchise |
when a buyer purchases the rights to sell under the name of an established firm
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General (or active) partner |
manager who actively is within the business and has unlimited liability
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General Partnership |
where partners share equal roles of operation and liability
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Institutional Investor |
when a large investors that purchases large blocks of stock.
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Joint Venture |
when a collaboration involves joint ownership of a new venture
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Limited Liabilty |
when an owner is responsible for a corporations debt only to the extent of their investment
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Limited Liability Corporation (LLC) |
corp. where owners are taxed as partners, but enjoy benefits of a limited liability
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Limited Partner |
partner that isn't a manager and only has liability for their investments
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Limited Partnership |
limited partners with a general partner
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Merger |
union of two corp. to make a new one
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Multinational (transitional) Corporation |
corp. spanning national boudaries
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Niche |
market that is not being exploited
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Officers |
top management
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Professional Corporation |
ownership has limited business liability and unlimited professional liability and they take advantage of corporate business.
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Publicly Held (or public) Corporation |
corp. whose stocks is open to the public |
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S Corporation |
hybrid of closely held copr. and partnership. |
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Small Business |
independently owned company with little influence in the market
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Small Business Administration |
gov. agency that helps small businesses
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Small Business Development Center |
develops small businesses
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Small Business Investment Company |
borrows money from SBA to lend to small businesses
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Sole Proprietorship |
one owner
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Spin Off |
setting up corporate units as new ones
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Stockholder (shareholder) |
owns stock |
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Strategic Alliance |
businesses come together (joint venture)
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Tender Officer |
offering money to a corp. shareholders
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Unlimited Liability |
paying off all debts of a company
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Venture Capital Economy |
investing money to fast growing businesses |
