Module 5 Lesson 5

Front

What is a sole proprietorship?

Back

A business owned and operated by one person.

Front

Which of the following best describes a partnership? A business owned by individual stockholders. A business organization owned by two or more people. A business or firm that is owned and run jointly by its members. A business owned and operated by one person.

Back

A business organization owned by two or more people.

Front

What is a corporation?

Back

A business owned by individual stockholders.

Front

What is financial capital?

Back

Assets needed by a company to provide goods or services, as measured in terms of money value.

Front

What is a stock?

Back

A certified ownership in a corporation.

Front

Who are stockholders?

Back

Part owners of the corporation.

Front

What is a dividend?

Back

Profits paid out to stockholders.

Front

What is a cooperative?

Back

A business or firm that is owned and run jointly by its members, who share the profits and benefits.

Front

What is the purpose of a labor union?

Back

To negotiate workers' benefits, salaries, and working conditions with the employer.

Front

What is a boycott?

Back

The refusal to buy or use the goods or services of a certain company as a means to protest.