Chapter 5

5. The right to use a company name or business process in a specific way
6. Corp An incorporated town or city organized to provide services for citizens rather than to make profit
10. Liability Owner’s personal assets can be used to pay for any debts of the business
13. Foreign Direct Investment- When a company buys land or other resources in another country
14. A business that operates as a legal entity separate from any of the owners
15. granted by the state or federal government that allows a company to form a corporation
17. subsidiary An independent company owned by a parent company
20. Business owned by its members and operated for their benefit
21. Venture An agreement between 2 or more companies from different countries to share a business project
22. Certificate Document that represents ownership in a corporation

1. Exporting When a company sells its products in a foreign market without any special activity for that purpose
2. Selling the right to use some intangible property(production process, trademark, or brand name) for a fee or royalty
3. Contract A situation in which a company sells only its management skills
4. Difference between money taken in and payments for expenses
7. Corp Created to provide a service and are not concerned with making a profit
8. Liability Stockholders are only responsible for the debts of the corporation up to the amount they invested
9. Corp An organization that conducts business in several countries
11. Business that is owned by 2 or more people but is not incorporated
12. Owners of a corporation
16. Exporting Occurs when a company actively seeks and conducts exporting
18. Proprietorship Business owned by one person
19. Share of company profits