Topic 5 Vocab

The legal obligation to pay debts

• Merger

• Liability

• Skilled labor

• Corporation

Work that requires no specialized skills, education or training

• Cooperative

• Sole proprietorship

• Partnership

• Unskilled labor

A business owned and managed by a single individual

• Nonprofit organization

• Sole proprietorship

• Lobbyist

• Strike

When two or more companies join to form a single firm

• Merger

• Liability

• Labor union

• Arbitration

A person who takes part in organized attempt to influence legislators

• Mediation

• Glass ceiling

• Strike

• Lobbyist

Organized work stoppage

• Merger

• Cooperative

• Strike

• Partnership

Business organization owned by two or more persons who agree on responsibilities and profits

• Partnership

• Merger

• Sole proprietorship

• Skilled labor

Work that requires specialized skills and training

• Mediation

• Liability

• Conglomerate

• Skilled labor

Something being owned by individual stockholders

• Lobbyist

• Conglomerate

• Corporation

• Liability

A business combination merging more than three businesses that produce unrelated products

• Conglomerate

• Merger

• Partnership

• Cooperative