| A | B |
|---|
| A busienss owned by a group of people and authorized by the state in which it is located | Corporation |
| An official document granted by a state giving power to run a corporation | Charter (Certificate of Incorporation) |
| Owners of a corporation | Stockholders (Shareholders) |
| Ownership divided into equal parts | Shares |
| Profits distributed to stockholders on a per share basis | dividends |
| Ruling body of a corporation | Board of Directors |
| Top executives who are hired to manage the business | Officers |
| The general term applied to the shares of ownership of a corporation | Capital Stock |
| A written authorization for someone to vote in behalf of the person signing it | Proxy |
| A corporation that does not offer its shares of stock for public sale | Close Corporation |
| A corporation that offers its shares of stock for public sale | Open Corporation |
| A corporation doing business in a state from which it did not receive its charter | Foreign Corporation |
| Two or more businesses that agree to make and/or sell a good or service | Joint Venture |
| A special type of corporation that is taxed as if were a partnership | S-corporation |
| An organization that does not pay taxes and does not exist to make a profit | nonprofit corporation |
| A business owned and operated by its user-members | cooperative |
