Principles quiz review 4

Organization that exists to serve some public purpose

• profitable

• corporation

• non-profit

• partnership

Group of individuals who make high-level management decisions for a business that establish company policies

• Leaders

• Board of Directors

• Mangers

• CEO

Written contract that established a business with 2 or more individual owners

• sole proprietorship

• corporation

• co-op

• partnership agreement

Portion of a corporation's earnings distributed to stockholders

• bonus

• dividend

• stock option

• payout

share of ownership in a corporation

• certificate of ownership

• sole proprietor

• stock

• Entrepreneur

Form of business ownership that combines the benefits of a corporation with those of proprietorship and partnerships.

• Corporate juncture

• LLC - Limited liability company

• Double partnership

• sole ownership

Business that buys products from wholesalers or directly from producers, and sells them to consumers to make a profit.

• Wholesaler's friend

• Distributor

• Retailer

• Resaler

Business that earns profits by providing consumers with services that meet their needs and wants.

• Needs fulfillment

• Service business

• Option 2

• Special circumstances

Business or person that takes natural resoures from the land.

• impactor

• detractor

• extractor

• stealer

Business that uses supplies from other producers to make products

• wholesalers

• Retailer

• patent holder

• Manufacturer