Unit 1 Flashcards
Sole proprietorship 🌴
Business owned and managed by a single individual. Example mining and agriculture
Partnership 🖤❤️
Business organization by two or more person who agree on responsible profits .
Cooperative
Business organization owned and operated by group of individuals for their shared benefit
Corporation
Legal entity owned by individual stock holders
Royalties
Share of earning given by a franchise as payment to the franchise
Assets
Claim on property or income of a borrower
Franchise
Agreement allows one to purchase the right to sell goods or services of another
Multinational
Enterprise producing goods delivering services in more than one country
Trade association
Non profit organization that promote the interests of particular industries
Stock
Certificate of ownership in corporation
White collar
Class of employees know for earning higher average salaries , doing highly skilled work not by performing manual labor at their jobs .
Bond
Financial security represents to promise to repay . Fixed amount of funds .
Par value
Amount that investor pays to purchase bond and will be repaid to the investor at time .
Bull market
Period increased stock trading and rising stock prices .
