Business Organization, Market Structures, Union

Front

Which of the following statements about a Sole Proprietorship is incorrect?
- Totally responsible for all debts and liabilities
- Get to keep all the profits
- Purpose is something other than making a profit
- Income is taxed as personal income

Back

Purpose is something other than making a profit

Front

This type of business is owned by two or more people.

Back

Partnership

Front

A business that provides goods or services without seeking profits for distribution to individual members is a:

Back

not-for-profit organization

Front

In this type of partnership, the partners enjoy equal decision-making authority and have unlimited liability.

Back

general

Front

When one company absorbs another, this is called?

Back

merger

Front

What is a business owned by stockholders/investors but operated by others? Options: Sole Proprietorship, Partnership, Corporation

Back

Corporation

Front

An organization of workers dedicated to protecting members' interests and improving wages, hours and working conditions for all.

Back

Labor Union

Front

The negotiation of wages and other conditions of employment by an organized body of employees

Back

Collective Bargaining

Front

_______ is when workers refuse to work in order to force an employer to meet their demands.

Back

strike

Front

A pressure action by union members and sympathizers who refuse to buy or handle the product of a target company

Back

Boycott