Business Foundations - Chp. 5

Front

The people who make the major policy and financial decisions for a corporation are called the

Back

board of directors

Front

What is a business with one owner?

Back

proprietorship

Front

What is a business with two or more owners?

Back

partnership

Front

One who has no explicit (clear/obvious) or implicit (vague/implied) contract for long-term employment

Back

contingent worker

Front

Business involved in selling the goods and services of producers to consumer and other businesses.

Back

intermediaries

Front

A business that carries out activities that are consumed by its consumers.

Back

service business

Front

A business owned and run by just one person.

Back

proprietorship

Front

A business owned and controlled by two or more people who have entered into an agreement.

Back

partnership

Front

A separate legal entity formed by documents filed with a state.

Back

corporation

Front

An agreement that clearly states what each partner of a business has agreed to

Back

partnership agreement