Chapter 5 Vocabulary

5. Stock shares that give owners limited voting rights
6. Merger merger that combines unrelated firms
8. firm whose products are sold to customers by the franchisee
10. Liability Company (LLC) secures the corporate advantage of limited-liability
12. Capital money invested in a business by another business firm or group
14. contractual business arrangement between a manufacturer and a dealer
15. Corporations organizations whose goals do not include securing a profit
16. Proprietorship business ownership in which there is no legal distinction between the sole proprietorship’s status as an individual and his or her status as a business owner
18. owners of a corporation due to their purchase of stock in the corporation
20. Merger merger that combines firms operating at different levels
21. Venture partnership between companies formed for a specific undertaking
23. Stock shares that give owners voting rights but only residual claims
25. Ownership business ownership in which workers own shares of company stock
26. Business Administration (SBA) principal government agency concerned with helping small U.S. firms

1. Business firm operated from the residence of the business owner
2. of Directors governing body of a corporation
3. legal organization with assets and liabilities separate from those of its owner
4. agreement in which two or more firms combine to form one company
7. Merger merger that joins firms in the same industry
9. Corporation type of for-profit-corporation that includes a positive impact on society and the environment
11. Plan written document that provides orderly statement of a company’s goals, methods and standards
13. association of two or more persons who operate a business
17. agreement in which one company purchases another
19. Business independent business with fewer than 500 people
22. Incubator or accelerator local programs designed to provide low-cost shared business facilities
24. small-business loans often used to buy equipment or operate a business