Topic 5 project 3

5. an organized work stoppage intended to force an employer to address union demands.
9. a semi-independent business that pays fees to a parent company.
12. a business organization owned and operated by a group of individuals for their shared benefit.
15. cooperative- a retail outlet owned and operated by consumers that sells merchandise to members at reduced prices.
16. a legal entity, or being, owned by individual stockholders, each of who has limited liability for the firm’s debts.
18. a settlement technique in which a neutral person, the mediator, meets with each side to try to find a solution that both sides will accept.
20. the movement of some of a company’s operations, or resources of production, to another country.

1. the money and other valuables belonging to an individual or business.
2. a business owned and managed by a single individual.
3. a business organization owned by two or more persons who agree on a specific division of responsibilities and profits.
4. labor- work that requires specialized skills and training.
6. the legal obligation to pay debts.
7. an authorization from the local government to operate a business.
8. a formal contract issued by a corporation or other entity that includes the promise to repay borrowed money with interest at fixed intervals.
10. a certificate of ownership in a corporation.
11. force- all nonmilitary people who are employed or unemployed
13. the practice of contracting with another company to do a specific job that would otherwise be done by a company’s own workers.
14. wage- the wage rate, or price of labor services, that is set when the supply of workers meets the demand for workers in the labor market.
17. union- an organization of workers that tries to improve working conditions, wages, and benefits for its members.
19. organizations- an institution that functions much like a business but does not operate for the purpose of making a profit.