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Business Essentials Ch. 2 Vocabulary
Chapter 2 Vocabulary for Business Essentials, 6th Ed. by Ebert and Griffin
40
Business
Undergraduate 1
08/11/2011
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Term
Small Business Administration
 Definition
Government agency charged with assisting small businesses
Term
Small business
 Definition
Independently owned business that has relatively little influence on its market
Term
Entrepreneur
 Definition
Businessperson who accepts both the risks and the opportunities involved in creating and operating a new business venture
Term
Entrepreneurship
 Definition
Term
Business plan
 Definition
Term
Franchise
 Definition
Term
Venture capital company
 Definition
Term
Small business investment company (SBIC)
 Definition
Term
Small business development center (SBDC)
 Definition
Term
Sole proprietorship
 Definition
Term
Unlimited liability
 Definition
Term
General partnership
 Definition
Term
Limited partnership
 Definition
Term
Limited partner
 Definition
Term
General (or active) partner
 Definition
Term
Master limited partnership
 Definition
Term
Cooperative
 Definition
Term
Corporation
 Definition
Term
Limited liability
 Definition
Term
Tender offer
 Definition
Term
Double taxation
 Definition
Term
Closely held (or private) corporation
 Definition
Term
Publicly held (or public) corporation
 Definition
Term
S Corporation
 Definition
Term
Limited liability corporation (LLC)
 Definition
Term
Professional corporation
 Definition
Term
Multinational (or transnational) corporation
 Definition
Term
Corporate governance
 Definition
Term
Stockholder (or shareholder)
 Definition
Term
Board of directors
 Definition
Term
Officers
 Definition
Term
Chief executive officer
 Definition
Term
strategic alliance
 Definition
Term
joint venture
 Definition
Term
Employee stock ownership plan (ESOP)
 Definition
Term
Institutional investor
 Definition
Term
Merger
 Definition
Term
Acquisition
 Definition
Term
Divestiture
 Definition
Term
Spin-off
 Definition
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