vocab #1

2. a legal and contractual mechanism for creating and operating a business for profit, using capital from investors that will be managed on their behalf by directors and officers.
3. is a method of distributing products or services involving a franchisor, who establishes the brand's trademark or trade name and a business system
5. shares of ownership in a corporation and the type of stock in which most people invest.
7. a specialized form of general partnership
8. a situation where a business closes if the owner dies, retires or leaves for some other reason.
11. a share of profits and retained earnings that a company pays out to its shareholders and owners.
12. Written government approval to establish a corporation
13. the price you pay to borrow money or the return earned on an investment.
14. the taxing of shareholder dividends after taxation as corporate earnings.
16. an arrangement between two or more people to oversee business operations and share its profits and liabilities.
17. investment securities where an investor lends money to a company or a government for a set period of time, in exchange for regular interest payments.
19. a non-registered, unincorporated business run solely by one individual proprietor with no distinction between the business and the owner.
20. senior (i.e., higher ranking) to common stock but subordinate to bonds in terms of claim (or rights to their share of the assets of the company

1. a business made up of two or more partners, each obligated for the business's debts, liabilities, and assets.
4. an individual that owns at least one share of an organisation's capital stock
6. when one or more business owners or partners are liable for their company's debts and tax compliance
9. all assets held by a business with the intention of selling in the market for profit.
10. a set of rules or concepts that govern how we satisfy unlimited wants with limited resources.
15. sells the right to open stores and sell products or services using its brand, expertise, and intellectual property.
18. certificates that entitle the holder of the stock to a proportionate share of ownership in a company