Unit 4: Business Ownership and Government Regulations

an organization that represent the interests of workers in an organization

• Trade union

• Franchise

• Independent Contractor

• Lean Methodology

a licensing relationship in which a franchisor gives a franchisee a license to do business under their brand name

• Franchise

• Full-time employee

• lobbyist

• Management Styles

a permanent worker who is paid a salary by a company

• Full-time employee

• licensee

• lincensor

• Franchise

a worker hired on a project-by-project basis to complete a set of tasks

• Independent contractor

• Trade Union

• Shareholders

• Recurring costs

the process of continuously testing and improving different versions of the product with customers to find the one that offers the greatest value

• Lean methodology

• Full-time employee

• licensor

• Political Action Committee

a company that is granted the right to the manufacture licensed products

• Licensee

• Franchise

• Lobbyist

• Trade Union

a business that gives another company permission to manufacture its products in exchange for a percentage of sales

• Licensor

• Management styles

• Shareholders

• Recurring costs

a person who meets with senators, representatives, or other staff members of the government to propose different changes to laws affecting a business

• Lobbyist

• Recurring Costs

• Trade Union

• Shareholders

principles that influence how business leaders and company managers make decisions relating to their subordinates

• Management styles

• Lean methodology

• Licensee

• Independent contractor

An organization that collects money from employees and distributes it to political candidates to indirectly influence their decisions

• Political Action Committee

• Franchise

• Lincensor

• Shareholders