Business Structures Flashcards
1
Q
charter
A
a document that describes the plan for a corporation
2
Q
cooperative
A
a business structure that involves worked with other individuals
3
Q
corporation
A
a business that sells portions of ownership to investors
4
Q
dividends
A
a share of the profits divided between stockholders
5
Q
specify
A
the act of naming specifically or in detail
6
Q
sole proprietorship
A
business owned and run by one person
7
Q
partnership
A
business owned by more than one person
8
Q
franchising
A
involves the sale of a business model to individual owners who can then sell the company’s products or services
