Topic 5 Project 3

4. an organization of workers that tries to improve working conditions, wages, and benefits for its members.
5. a formal contract issued by a corporation or other entity that includes the promise to repay borrowed money with interest at fixed intervals.
7. a legal entity, or being, owned by individual stockholders, each of who has limited liability for the firm’s debts.
8. a business organization owned and operated by a group of individuals for their shared benefit.
11. a certificate of ownership in a corporation.
12. the movement of some of a company’s operations, or resources of production, to another country.
14. 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.
15. work that requires specialized skills and training.
16. the money and other valuables belonging to an individual or business.
19. a retail outlet owned and operated by consumers that sells merchandise to members at reduced prices.
20. 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.

1. a business organization owned by two or more persons who agree on a specific division of responsibilities and profits.
2. the legal obligation to pay debts.
3. an institution that functions much like a business but does not operate for the purpose of making a profit.
6. the practice of contracting with another company to do a specific job that would otherwise be done by a company’s own workers.
9. a semi-independent business that pays fees to a parent company.
10. an authorization from the local government to operate a business.
13. all nonmilitary people who are employed or unemployed
17. a business owned and managed by a single individual.
18. an organized work stoppage intended to force an employer to address union demands.