| A | B |
|---|
| partnership | business owned by two or more people |
| proprietorship | business owned by one individual |
| corporation | business owned by many people legally bound together |
| charter | grants permisson to start a corporation |
| bonds | companies borrow money from individuals and then pay it back plus interest |
| stocks | shares of ownership in a company |
| dividends | the profit a shareholder receives from stock |
| horizontal merger | combining of two companies that are in the same industry |
| conglomerate merger | combining of two companies in two unrelated businesses |
| vertical merger | combining of two businesses at different stages of the same production process |
