Vocabulary 1

To reach team agreement on a decision

• Consensus

• Calculus

• Centaurus

When you become part owner in a company or loan a government agency money with the expectation of earning more money.

• Interest

• Invest

• Increment

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

• Company

• Corporation

• Entrepreneur

A company legally separate from stockholders who own it and the managers who run it.

• Corporation

• Company

• Sole Proprietor

• Partnership

A person who organizes, operates, and assumes the risk for a business venture.

• Entrepreneur

• Corporation

• Sole Proprietor

A company owned and managed by two or more people who share its profits or losses; not separate from its owners, who are liable for the company’s debts.

• Partnership

• Sole Proprietorship

• Corporation

Private Corporation

• A corporation that doesn’t sell shares to the public. You can’t buy shares in the stock market.

• The stock is owned and traded by individual and institutional investors. In contrast, the stock is held by company founders, employees, and sometimes venture capitalists

Public Corporation

• A corporation that doesn’t sell shares to the public. You can’t buy shares in the stock market.

• The stock is owned and traded by individual and institutional investors. In contrast, the stock is held by company founders, employees, and sometimes venture capitalists

A company owned and run by one individual who receives its profits or bears its losses; not separate from its owner, who is liable for the company debts.

• Sole Proprietorship

• Partnership

• Corporation

A type of security that signifies ownership in a corporation and represents a claim to a part of the company’s profits or losses.

• Stock

• Common Stock

• Preferred Stock