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11 Cards in this Set
- Front
- Back
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Corporation |
A legal entity owned by individual stockholders |
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Stock |
A certificate of ownership in a corporation |
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Closely held corporation |
Corporation that issues stock to only a few people, often family members |
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Publicly held corporation |
Corporation that sells stock on the open market |
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Bond |
A formal contract to repay borrowed money with interest at FIXED intervals |
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Certificate of incorporation |
License to form a corporation issued by state government |
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Dividend |
The portion of corporate profits paid out to stockholders |
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Horizontal merger |
The combination of two or more firms competing in the same market with the same good or service |
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Vertical merger |
The combination of two or more firms involved in different stages of producing the same good or service |
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Conglomerate |
Business combination merging more than three businesses that make unrelated products |
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Multinational corporation (MNC) |
Large corporation that produces and sells it's goods and services throughout the world |
