Vocabulary Worksheet Ch. 8
1. Sole proprietorship
2. Zoning law
3. Liability
4. Partnership
5. General Partnership
6. Limited Partnership
7. Corporation
8. Stock
9. Bond
10. Dividend
11. Horizontal merger
12. Vertical merger
13. Business franchise
14. Nonprofit organization
A. Institution that functions much like a business, but does not operate for the purpose of generating profits.
B. A semi-independent business that pays fees to a parent company.
C. Partnership in which only one partner is required to be a general partner.
D. A business owned and managed by a single individual.
E. A certificate of ownership in a corporation
F. The combination of two or more firms competing in the same market with the same good or service.
G. A business owned by two or more persons who agree on a specific division of responsibilities and profits.
H. Law in a city or town that designate separate areas for residency and for business.
I. Partnership in which partners share equally in both responsibility and liability.
J. A legal entity owned by individual stockholders.
K. The combination of two or more firms involved in different stages of producing the same good or service.
L. A formal contract to repay borrowed money with interest at fixed intervals.
M. The legally bound obligation to pay debts.
N. The portion of corporate profits paid out to stockholders.
1. Sole proprietorship
2. Zoning law
3. Liability
4. Partnership
5. General Partnership
6. Limited Partnership
7. Corporation
8. Stock
9. Bond
10. Dividend
11. Horizontal merger
12. Vertical merger
13. Business franchise
14. Nonprofit organization
A. Institution that functions much like a business, but does not operate for the purpose of generating profits.
B. A semi-independent business that pays fees to a parent company.
C. Partnership in which only one partner is required to be a general partner.
D. A business owned and managed by a single individual.
E. A certificate of ownership in a corporation
F. The combination of two or more firms competing in the same market with the same good or service.
G. A business owned by two or more persons who agree on a specific division of responsibilities and profits.
H. Law in a city or town that designate separate areas for residency and for business.
I. Partnership in which partners share equally in both responsibility and liability.
J. A legal entity owned by individual stockholders.
K. The combination of two or more firms involved in different stages of producing the same good or service.
L. A formal contract to repay borrowed money with interest at fixed intervals.
M. The legally bound obligation to pay debts.
N. The portion of corporate profits paid out to stockholders.