Topic 5 Vocab

6. No owner, usually provides a benefit to the public
8. force All nonmilitary people who are employed or unemployed
10. When two firms come together to make one firm
11. Each partner only has a limited amount of liability
13. Without work but have looked for work within the last four weeks
14. A business organization owned and operated by a group of individuals
16. Specialized abilities, need little supervision
17. Business owned by 2 or more people
19. Partnership One person holds the liability and the other invests the money

1. A merger of three or more unrelated businesses
2. Workers Flexible, less pay, cheaper for employers
3. Minimal skills; might need to know how to use equipment
4. Business owned by one person
5. No specialized skills
7. Owned by individual stockholders, treated like its own entity legally
9. Semi independent business that pays fees to a parent company for the exclusive right to sell something in an area
10. Corporation Headquartered in one country, but operating in many
12. At least 16 years old, work at least one paid hour a week
15. Pay Protection Act Made men and women be paid the say at the same job
18. Advanced skills and education