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Ch8
Study guide
17
Economics
9th Grade
01/19/2016

Additional Economics Flashcards

 


 

Cards

Term
Sole proprietorship
Definition
a type of business organization that only one person is running.
Term
limited life
Definition
if the owner dies. the company dies as well.
Term
unlimited life
Definition
the owner is personally responsible for his company
Term
limited partnership
Definition
consist one general partner and one limited partner.(no day-to-day management)
Term
limited liability
Definition
no general partner and everyone is limited and given the ability to manage the company.
Term
corporation
Definition
a business which is owned by some shared holders.
Term
public company
Definition
everyone can buy and sale shares.
Term
vertical merger
Definition
combination with needs
Term
horizontal merger
Definition
two companies with similar services combine.
Term
conglomerate
Definition
two company that do not have anything related combine.
Term
multinational corporation
Definition
international company that have located in other countries.
Term
dividend
Definition
a sum of money paid regularly (typically annually) by a company to its shareholders out of its profits (or reserves).
Term
bond
Definition
an agreement with legal force, in particular.
Term
share
Definition
one of the equal parts into which a company's capital is divided, entitling the holder to a proportion of the profits.
Term
stock
Definition
one of the equal parts into which a company's capital is divided, entitling the holder to a proportion of the profits.
Term
franchise
Definition
one type of corporation
Term
non-profit
Definition
the purpose is not to get profit, but benefit the society.
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