logo image

Econ Chapter 8

entrepreneur
person who organizes, manages, and assumes the risks of a business in order to gain profits
startup
a beginning business enterprise
small business incubator
private or government funded agency that assists new business by providing advice or low rent buildings and supplies
inventory
extra supply of items used in a business, such as raw materials or goods for sale
receipts
income received from the sale of goods and or services; also, slips of paper documenting purchase
sole proprietorship
business owned and operated by one person
proprietor
owner of a business
unlimited liability
requirement that an owner is personally and fully responsibly for all debts and losses of a business
assets
all items to which a business or household holds legal claim
partnership
business that two or more individuals own and operate
limited partnership
special forms of partnership in which one or more partners have unlimited liability but no voice in management
joint venture
partnership set up for a specific purpose just for a short period of time
corporation
types of business organization owned by many people but treated by law as though it were one person (own property, pay taxes, etc)
stock
share of ownership in a corporation that entitles the buyer to a certain part of the future profit and assets of the corporation
limited liability
requirement in which an owner’s responsibility for a company’s debts is

Need essay sample on "Econ Chapter 8"? We will write a custom essay sample specifically for you for only $13.90/page

limited to the size of the owner’s investment in the firm
articles of incorporation
documents listing basic information about a corporation that is filed with the state where the corporation will be headquartered
corporate charter
license to operate granted to a corporation by the state where it is established
common stock
shares of ownership in a corporation that give stock holders voting rights and a portion of the profits (after the preferred stockholders are paid)
dividend
portion of a corporation’s profits paid to its stockholders
preferred stock
shares of ownership in a corporation that give a portion of future profits before holders of common stock but no voting rights
franchise
contract in which one business sells to another business the right to use the franchise’s name and sell its products

Can’t wait to take that assignment burden offyour shoulders?

Let us know what it is and we will show you how it can be done!
×
Sorry, but copying text is forbidden on this website. If you need this or any other sample, please register
Signup & Access Essays

Already on Businessays? Login here

No, thanks. I prefer suffering on my own
Sorry, but copying text is forbidden on this website. If you need this or any other sample register now and get a free access to all papers, carefully proofread and edited by our experts.
Sign in / Sign up
No, thanks. I prefer suffering on my own
Not quite the topic you need?
We would be happy to write it
Join and witness the magic
Service Open At All Times
|
Complete Buyer Protection
|
Plagiarism-Free Writing

Emily from Businessays

Hi there, would you like to get such a paper? How about receiving a customized one? Check it out https://goo.gl/chNgQy