Business Terms

2. The state of disagreement or misunderstanding, resulting from the actual or perceived dissent of needs, beliefs, etc. between the members of the organization.
7. A company owned by the government that provides public services, they have a legal entity separate from their owners
9. The possibility a company will have lower than anticipated profits or experience a loss rather than taking a profit
10. A legal requirement for all companies
13. A written and legal agreement between business partners, not needed but recommended
14. A form of business where two or more people agree to jointly
15. When two or more businesses agree to start a new project together
16. A decrease in assets or resources
18. company A company that trades on the stock exchange. The shares can be traded and sold by any member of the public
19. The part of an economy that is controlled by the state
20. sector The part of the national economy that is not under direct state control

1. A business owned by one person
3. Companies that have separate legal status from their owners
4. A type of company whose shares are not traded on a stock market and their shareholders are offered limited liability
5. The positive gain remaining for a business after all costs and expenses have been deducted from total sales
6. The money invested into a business by the owners
8. Protects the owner, and shareholders, so they can’t lose more money than they invested in an investment
11. A person or company that grants the license to a third party for the conducting of a business under their marks
12. They are the owners of a limited company. They buys shares which represents part ownership of a company
17. Payments made to the shareholders from the profits, post-tax, of a company