Front

A business or association usually formed to manufacture or supply products or services for profit.

Back

Company

Front

Owned and run by one individual; responsible for profits/losses

Back

Sole Proprietorship

Front

Owned and managed by two or more; share profits/losses

Back

Partnership

Front

Legally separate from stockholders who own it; does not sell shares to public; private shareholders contributing to business

Back

Private Corporation

Front

What type of corporation is owned and traded by individuals and investors, where stockholders are not responsible for the company's debt, it continues to exist even if its stockholders or managers change, and stockholders can easily sell their ownership through the stock market? Options: Private Corporation, Sole Proprietorship, Partnership, Company, Public Corporation

Back

Public Corporation

Front

When a private company or corporation raises investment capital by offering its' stock to the public for the first time

Back

IPO

Front

A type of security that signifies ownership in a corporation and represents a claim to a part of the company's profits/losses. Issued by companies to raise money for expanding, modernizing operations, etc.

Back

Stock

Front

Like a flea market where buyers and sellers come together; buy low/sell high

Back

Stock Exchange

Front

New York Stock Exchange located in New York City, formerly known at the American Stock Exchange (AMEX)

Back

NYSE

Front

Second largest exchange in the world by market capitalization, behind the NYSE; located in New York City

Back

NASDAQ