Shared Flashcard Set

Details

CH6BW
BW words
20
Business
11th Grade
01/11/2016

Additional Business Flashcards

 


 

Cards

Term
International Franchise Association
Definition
Organization that regulates the franchise industry
Term
Franchise Disclosure Document
Definition
Legal document that includes detailed information that a franchise must know before purchasing a franchise
Term
Royalty Payment
Definition
Fee royalty payment that franchises must continually pay the franchiser to keep operating the franchise
Term
Capital
Definition
Money and other assets owned by a business or person.
Term
Sale Proprietor
Definition
Person who owns the business and is personally responsible for its debits.Sp
Term
DBA License
Definition
Is needed to officially register in a business
Term
Liability
Definition
Legal Responsibility
Term
Partnership
Definition
Relationship between two or more people who join to create a business.
Term
Limited Partnership
Definition
Where there is one managing partner and at least one limited partner.
Term
Silent Partner
Definition
Invests the money, but is not involved in the business' daily operations or management.
Term
Corporation
Definition
Artificial being, invisible,intangible, and existing only in contemplation of the law (Corporate US supreme court)
Term
Contract
Definition
Agreement in some jurisdictions
Term
Charter
Definition
A written grant by a country's charter
Term
Stock
Definition
The goods or merchandise in a stock
Term
Stockholders
Definition
A shareholder
Term
Private corperation
Definition
A privately held company or close corporation
Term
Public corporation
Definition
An entity created by the state to the public corp
Term
C corperation
Definition
Are an alternative to S cooperation
Term
Sub chapter S corporation
Definition
Limited liability of a corporate shareholderS
Term
Non profit corporation
Definition
Organized to meet specific tax exempt purposes non
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