Topic 5 Vocab Words

3. Merger of 3 or more unrelated businesses joining
5. The gap between the pay levels of men and women
7. Type of worker that has advanced skills and education
8. Business owned by one person
11. Type of corporation that's head quartered in 1 country but operates in many
14. Type of employment where businesses use temporary employess
17. Business owned by 2 or more people who agree on a division of responsibilities and profits
19. Type of worker with no specialized skills
20. Where one person holds the liability and the other invests the money

1. Type of cooperative that provides a service like health & legal care
2. Time period where labor unions came out of
4. Semi independent business that pays fees to a parent company
6. Can easily adjust for demand
9. Type of merger when 2 or more firms competing in the same market join
10. Where unions and management negotiate a new labor contract
12. Used when mediation doesn't work; is a legal decision from a 3rd party
13. All nonmilitary people who are employed or unemployed
15. Type of cooperative that sells merchandise to members at a reduced price
16. Organization ran by a board that provides a benefit to the public
18. Most complex form of business