Topic 5 Vocab

2. Business owned by a group for shared benefit.
4. Business owned by two or more people.
5. Business owned by one person.
6. No owner;provide benefit to the public; no taxes.
7. Advanced skills and education; get paid salary.
12. No specialized skills (dishwasher, messenger, etc).
16. If mediation doesn't work, ____ will be called for.
18. The ____ effect says a degree doesn't always mean more efficiency but shows skills useful for jobs.
19. Help corporations grow; vertical and horizontal.

1. The most complex form of business.
3. Corporations that provide jobs worldwide.
8. Unions used ____ to accomplish their goals.
9. Collective ____ is the term for unions and management negotiating a new labor contract.
10. The ____ effect says education increases efficiency and results in higher wages.
11. A ____-to-work law gives workers the choice to join a union or not.
12. Their purposes are to increase wages and better the working conditions.
13. People need the ____ capital to get jobs.
14. The _____ force is all nonmilitary people employed or unemployed.
15. The ____ ceiling is the gap for women.
17. Called ____ demand because it is set by demand for another good/service.