| A | B |
|---|
| Cooperative | A business owned by its members and operated for their benefit |
| net income, or profit | the difference between money taken in and expenses. |
| stockholders, or shareholders. | the owners of a corporation |
| limited liability | The situation in which a business owner is only responsible for the debits of the business up to the amount invested |
| charter | the document granted by government allowing a company to organize as a corporation |
| stock certificate | a document that represents ownership in a corporation |
| indirect exporting | the selling of a company's products in a foreign market without any special activity for that purpose |
| wholly owned subsidiary | an independent foreign company owned by a parent company |
| wholly owned subsidiary | an independent foreign company owned by a parent company |
| unlimited liability | the situation in which a business owner' personal assets can be used to pay any debits for the business |
| Corporation | a business that operates as a legal entity separate fro any of the owners |
| joint venture | a situation in which a company sells only its management skills in another country |
| dividends | a share of corporate earnings paid to stockholders |
| franchise | the right to use a company name or business process in a specific way |
| joint venture | an agreement between to or more companies from different countries to share a business project |
| direct exporting | a company actively seeking and conducting exporting |
| foreign direct investment | the purchase of land or other resources in a foreign country |
| multinational company or organization | an organization that conducts business in several countries |
